Research

We emphasize and encourage links between academic researchers and practitioners at financial institutions to bring theoretical techniques to bear on real-world issues.

Research Focus

We are focused on identifying the best solutions in global risk practices

The recent financial crisis reinforced the centrality of research in assessing, reporting, and mitigating risks in the financial services sector. From both macro and micro perspectives, our research programs deliver a wide range of insights to assist our members

Research Approach

We emphasise and build connections between academic researchers and industry practitioners at financial institutions to bring theoretical techniques to bear on real-world issues.

Latest Research Reports

Risk Shifting Versus Risk Management: Canadian Pension Plan Liability Discount Rates

The design of a pension plan should reflect preferences of the stake holders and be resilient to economic, financial and demographic stresses. Observers have often assumed that moral hazard plays a role in pension fund asset allocation. However, based on our empirical findings, it is fair to highlight that, in Canada, discount rates are a reflection of risk preferences, rather than of regulatory structure or political incentives.

Forced Retirement Risk and Portfolio Choice

Older workers in Canada and the U.S. face a significant risk of being forced to retire before their planned retirement ages. In this project, we examine the implications of this risk on late-in-life portfolio management.

Canadian Bank Dividends: Income Importance During and Beyond the Pandemic

This article explores the benefits of Canadian bank dividends, beginning with two areas that are often too little recognized. The first is the significance of Canadian bank dividends to sustaining household cash flow and liquidity, including their rising share of retail investor incomes, attractive absolute and relative yields, and dependability. The second is the crucial role of bank dividends in seniors’ incomes, including the structural trends boosting their importance in funding retirees’ spending needs.

Emerging Risks

Our research team is tasked with identifying new and emerging insights to better understand risks and trends for the financial sector.