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GARP Risk
Institute (GRI)

The research and thought leadership arm of GARP

The GARP Risk Institute (GRI) helps leaders in the commercial and regulatory sectors effectively manage risk. As the research and thought leadership arm of GARP, GRI looks at risk management trends and emerging challenges to better connect policy to efficient business practices that protect the enterprise. Launched in 2018 under the leadership of Mark Carey and Jo Paisley, former regulators in the US and UK respectively, the Institute examines critical issues by producing neutral, fact-based analysis and convening stakeholders to assess and propose impactful approaches.

Articles

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SUSTAINABILITY & CLIMATE


Third Annual Global Survey of Climate Risk Management at Financial Firms: Taking the Next Steps

GARP Risk Institute recently completed its third annual Global Survey of Climate Risk Management at Financial Firms. The results detailed in this independent, comprehensive report are an eye-opening look at how financial institutions seek to measure and manage both the financial risks and opportunities associated with climate change through the lens of governance, strategy, risk management, metrics, scenario analysis and disclosures.


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TECHNOLOGY


Cryptocurrencies, Stablecoins and CBDCs: A Primer for Risk Managers

Digital currencies pose risks to financial institutions, nonfinancial firms, investors and others. This primer introduces cryptocurrencies (such as Bitcoin), stablecoins (such as Tether) and central bank digital currencies, and offers a practical breakdown of both the familiar and unfamiliar risks they present.


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MARKET


A Guide to the Leveraged Loan Market: Evolution, Players and Risks

Leveraged loans are on track to be the next subprime, imposing large losses on lenders and the economy and destabilizing the financial system. Understanding the players, the instruments and the history behind this highly-complex market is vital to limiting the risks. Each of the four articles in this series offers a unique perspective.


Comment Letters

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GARP Risk Institute's Response to Climate Risk Plan Developed by CFTC Subcommittee

Financial institutions today need rapid convergence on a workable measurement and management approach to climate financial risks. The CFTC's Climate-Related Market Risk Subcommittee has developed a comprehensive list of climate change issues to review, but it needs to be careful in striking a balance between imposing regulatory requirements and making climate risk management a compliance exercise. The findings of GRI's recent second annual survey on climate risk can help the Subcommittee achieve that balance.


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GARP Risk Institute (GRI) Response to BCBS Consultation on Stress Testing Principles

The revised Stress Testing Principles offer a more streamlined approach than the original one. The updated principles are sensible and comprehensive, and they provide a guide to both banks and authorities on how to implement stress testing regimes that add meaningfully to risk management.

Leadership

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JO PAISLEY

President

Jo Paisely’s career began at the Bank of England where she worked in various economist roles, ran the Statistics Division and spent the last part of her career in Supervision.

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Inquiries

For questions or to learn more about GRI, please contact our team.

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