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The corner of Bay Street and Adelaide streets in the heart of Toronto’s financial district.
The corner of Bay Street and Adelaide streets in the heart of Toronto’s financial district.
(Gloria Nieto/The Globe and Mail)

streetwise

One man’s message: It’s no time for banks to be complacent

Risk. Remember that?

It is all too easy to forget, what with stocks and bonds and housing for the most part a one-way trade higher for a couple of years, and plenty of easy money sluicing through the pipes of finance courtesy of central bankers.

Reminding financial institution directors of risk is Michel Maila’s job. He is building a think tank in Toronto designed to teach directors of financial institutions the right questions to ask to ensure that risk remains front and centre.