In the risk sector, CIRANO focusses on understanding and measuring risk, as well as the factors that influence the risk perception and tolerance. The notion of risk is currently of the greatest relevance to both private and public institutions. Sound governance requires that organizations account for the risks that may result from large-scale projects or far-reaching decisions. Are the financial, business or reputational, technological, and environmental risks acceptable? Does the population perceive them as a threat to health, security, or the sustainability of resources? In the area of financial risk, for example, the requirements imposed on financial institutions by the Basel Accords not only cover capital ratios, but also prescribe formal risk analyses—not unlike the work that lies at the heart of CIRANO’s mandate.
Through its work, CIRANO is able to offer a thorough analysis of the measurement, perception, and impact of risk, offering decision makers an array of tools to enhance risk management and decision making.
Center for Interuniversity Research and Analysis of Organizations
1130 rue Sherbrooke Ouest, suite 1400
Montréal, Québec (Canada) H3A 2M8
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