Submissions to Public Consultations

The Global Risk Institute in Financial Services (GRI) is a pre-eminent source of ideas on risk management for the financial industry. GRI brings together leaders from industry, academia and government to identify actionable insights on emerging risks and trends globally. Our mandate is to provide high-quality research, deliver engagement activities that support dialogue, and offer a range of training programs across multiple financial risk management topics.




About the Submission:

Monday, March 29, 2021

The Office of the Superintendent of Financial Institutions (OSFI) launched a three-month consultation with the publication of a discussion paper, Navigating Uncertainty in Climate Change: Promoting Preparedness and Resilience to Climate-Related Risks. Through this consultation, OSFI is seeking to engage federally regulated financial institutions (FRFIs), federally regulated pension plans (FRPPs) and other interested stakeholders in a dialogue on climate-related risks.

Drawing from our expertise in risk management and climate change, and by presenting our view on the state of play today on climate risk management in Canada, GRI has submitted the following response paper which addresses some of the prudential tools proposed for enhancing preparedness and resilience to these risks. Members may find GRI’s submission of interest as they prepare their own responses for the April 12, 2021 deadline.



About the Submission:

Wednesday, December 16, 2020

The Trustees of the International Financial Reporting Standards recently published a consultation paper on sustainability reporting to determine whether there is a need for global sustainability standards; whether the IFRS Foundation should play a role; and what the scope of that role could be. This paper was open for public comment with submissions due December 31, 2020. Further to GRI’s discussions with other leading institutes in sustainable finance in Canada and with feedback from our members, GRI submitted the following letter.



About the Submission:

Wednesday, September 2, 2020

The Ontario Capital Markets Modernization Task Force published a consultation report seeking comment on more than 40 high-impact policy proposals for the Minister of Finance on how to help build Ontario’s economy to benefit people across the province. Comments were due September 7, 2020. GRI submitted the following letter which addressed some of these proposals.