GCRI · Fields across the Consortium
Risk management and systemic risk
Risk management and systemic risk joins the enterprise practice of ISO 31000 and COSO with the newer science of risks that emerge from interactions between systems. Such risks belong to no single system.
01Three mandates
The field, seen three ways.
02Geography
Hazards and exposure worldwide.
Flood water, population density and active fires across the world, from NASA GIBS. Each layer carries its own date.
The interactive map needs JavaScript; the layer list and sources are below.
Layers 3
Hazards and exposure, for this page
About this layer
- Evidence
- Observed (clouds leave gaps)
- Source
- VIIRS Global Flood Product (NASA LANCE)
- Provider
- NASA LANCE
- Licence
- NASA open data
- Vintage
- daily; Satellite detection; clouds leave gaps
- Newest at build
- 2026-10-14
- Resolution
- about 250 m grid
- Uncertainty
- Satellite detection; clouds leave gaps. Satellite or model raster as the provider publishes it. Clouds, swath gaps and retrieval error leave gaps and noise; values are indicators, not measurements at a place.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
About this layer
- Evidence
- Estimated
- Source
- Gridded Population of the World v4.11 (NASA SEDAC (CIESIN, Columbia University))
- Provider
- NASA SEDAC (CIESIN, Columbia University)
- Licence
- CC BY 4.0
- Vintage
- null; Census-based estimate, static (2020)
- Resolution
- about 1 km grid
- Uncertainty
- Census-based estimate of people per square kilometre in 2020, shown as exposure context; not a count of people affected by any hazard.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
About this layer
- Evidence
- Observed (clouds and overpass timing leave gaps)
- Source
- VIIRS NOAA-20 375 m (FIRMS) (NASA LANCE FIRMS)
- Provider
- NASA LANCE FIRMS
- Licence
- NASA open data
- Vintage
- daily; Satellite detection; clouds and overpass timing leave gaps
- Newest at build
- 2026-10-13
- Resolution
- about 500 m grid
- Uncertainty
- Satellite hot-spot detections for the day shown, including gas flares and industrial heat; not a confirmed fire, an incident report or a warning.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
About this layer
- Evidence
- Observed (persistent cloud still leaves gaps)
- Source
- VIIRS NOAA-20 Level 3, 8-day (NASA LANCE)
- Provider
- NASA LANCE
- Licence
- NASA open data
- Vintage
- 8-day; Satellite 8-day composite; persistent cloud still leaves gaps
- Newest at build
- 2026-09-14
- Resolution
- about 1 km grid
- Uncertainty
- Satellite skin temperature of the ground over the 8 days ending on the date shown, a heat exposure indicator; not air temperature, heat index or a heat warning.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
About this layer
- Evidence
- Observed
- Source
- VIIRS NOAA-20 corrected reflectance (NASA LANCE)
- Provider
- NASA LANCE
- Licence
- NASA open data
- Vintage
- daily; Satellite image
- Newest at build
- 2026-10-14
- Resolution
- about 250 m grid
- Uncertainty
- Satellite image. Satellite or model raster as the provider publishes it. Clouds, swath gaps and retrieval error leave gaps and noise; values are indicators, not measurements at a place.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
About this layer
- Evidence
- Modelled (latest year GIBS publishes)
- Source
- MODIS Terra and Aqua land cover (MCD12Q1) (NASA LP DAAC)
- Provider
- NASA LP DAAC
- Licence
- NASA open data
- Vintage
- yearly; Satellite classification; latest year GIBS publishes
- Newest at build
- 2024-01-01
- Resolution
- about 500 m grid
- Uncertainty
- Satellite land cover classes for the year shown, including croplands; a classification with known errors, not a farm register.
- Reached through
- gibs.earthdata.nasa.gov, only after you allow the live map
Keyboard, with the map focused
Hold Ctrl or ⌘ and scroll to zoom
Latest available
NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Blue Marble (NASA) · © OpenStreetMap contributors (ODbL) · Natural Earth
Loading the latest NASA imagery.
Drag to move. Ctrl or ⌘ and scroll, pinch or the buttons to zoom; hover for the values under the pointer; reset returns to the region.
Hazards and exposure, framed on the world.Satellite and model products as NASA publishes them, each with its own date. They are indicators, not assessments of any place.
Data: NASA GIBS · ASTER GDEM · Blue Marble · © OpenStreetMap contributors · Natural Earth · NASA EONET · U.S. Geological Survey · NASA JPL OPERA DIST-ALERTSources and licences
- We acknowledge the use of imagery provided by services from NASA’s Global Imagery Browse Services (GIBS), part of NASA’s Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- We acknowledge the use of imagery provided by services from NASA’s Global Imagery Browse Services (GIBS), part of NASA’s Earth Science Data and Information System (ESDIS). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- VIIRS near-real-time products (flood, land surface temperature, snow cover, corrected reflectance), NASA LANCE; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- Center for International Earth Science Information Network (CIESIN), Columbia University. 2018. Gridded Population of the World, Version 4 (GPWv4): Population Density, Revision 11. NASA Socioeconomic Data and Applications Center (SEDAC). Licensed under CC BY 4.0. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). doi:10.7927/H49C6VHW. CC BY 4.0
- NASA Fire Information for Resource Management System (FIRMS), VIIRS 375 m active fire product, NASA LANCE; vector tiles via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- MODIS land products (vegetation indices, gross primary production, land cover), NASA LP DAAC and LANCE; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- ASTER GDEM is a product of METI and NASA (ASTER Global Digital Elevation Model V003, NASA LP DAAC); imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). Cite as: NASA/METI/AIST/Japan Spacesystems and U.S./Japan ASTER Science Team (2019). ASTER Global Digital Elevation Model V003. doi:10.5067/ASTER/ASTGTM.003. NASA open data
- Made with Natural Earth. Free vector and raster map data @ naturalearthdata.com. Public domain
- © OpenStreetMap contributors (ODbL), via NASA GIBS (coastlines, boundaries, roads and place names). Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). ODbL
- Blue Marble, NASA Earth Observatory; imagery via NASA GIBS. Colours redrawn from the published colour map; values averaged into hexagonal cells where shown (modified). NASA open data
- Context on the globe and flat map: coastlines, boundaries, roads and place names from NASA GIBS reference layers (OpenStreetMap data, ODbL, © OpenStreetMap contributors); Blue Marble imagery as an optional base; 3D terrain and the elevation read-out from the ASTER GDEM elevation colour index (5 m to 200 m classes, exaggerated for legibility). Boundaries are drawn as published and imply no position on any territory.
- Live events: NASA Earth Observatory Natural Event Tracker (EONET); events are indicative and keep their original source links.
- Live: NASA EONET Events are indicative, not authority warnings.
- Live: U.S. Geological Survey Events are indicative, not authority warnings.
- Observed (EO): NASA JPL OPERA DIST-ALERT (contains modified Copernicus Sentinel data 2026). We acknowledge the use of imagery provided by services from NASA’s Global Imagery Browse Services (GIBS), part of NASA’s Earth Science Data and Information System (ESDIS).
- NASA GIBS: We acknowledge the use of imagery provided by services from NASA’s Global Imagery Browse Services (GIBS), part of NASA’s Earth Science Data and Information System (ESDIS).
- River discharge forecast, 30 days with range (GloFAS via Open-Meteo): Contains modified Copernicus Emergency Management Service information 2026; not a flood warning.
- Weather data by Open-Meteo.com (https://open-meteo.com/), licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).
- Optional layers (11 sources in the layer list: live, forecast, observed and context) print their provider credit on the map and here when switched on; forecasts are model output and derived indices are estimates.
Layers and dates
- Flood water, 3-day composite: VIIRS Global Flood Product, NASA LANCE · 14 Oct 2026
- Population density, 2020: Population: CIESIN, Columbia University, Gridded Population of the World v4.11 (2018), NASA SEDAC, CC BY 4.0 · static
- Active fires and thermal anomalies: VIIRS NOAA-20 375 m (FIRMS), NASA LANCE FIRMS · 13 Oct 2026
- Land surface temperature, day, 8-day composite: VIIRS NOAA-20 Level 3, 8-day, NASA LANCE · 14 Sep 2026
- True colour: VIIRS NOAA-20 corrected reflectance, NASA LANCE · 13 Oct 2026
- Land cover type (IGBP), yearly: MODIS Terra and Aqua land cover (MCD12Q1), NASA LP DAAC · 2024
03The systemic question
From the risk register to the risk system.
Enterprise risk management works well for risks an organisation owns and can treat. Systemic risk differs: it emerges from interactions, can be amplified by individually rational behaviour, and is often invisible from inside any one register. The UNDRR Global Assessment Report and the IRGC have both argued for analysis that maps interactions explicitly.
- Risk registers linked across organisations through shared dependencies.
- Interconnection maps of global risks, read as hypotheses to test, not findings.
- Stress testing of combined scenarios rather than single risks.
04Simulator
Stocks, flows, delays and a tipping threshold.
Two stocks, pressure and adaptive capacity, joined by a reinforcing growth loop, a delayed balancing response and damage when pressure outruns capacity; past the threshold the system can tip. Teaching model with stated illustrative values, not a prediction.
Controls
- Growth of pressure
- 6.0% a year
- Efficacy of capacity in reducing pressure
- 4.0% a year
- Investment response to perceived pressure
- 20%
- Perception delay
- 4.0 years
- Tipping threshold of pressure
- 60 index
- Amplification past the threshold
- 2.0 times
- Years simulated
- 50 years
Readouts
- Peak pressure
- 113 index
- Capacity at the end
- 186 index
- Years over the threshold
- 15.8 years
Numbers, methods and sources
| Year | Pressure | Capacity | Perceived |
|---|---|---|---|
| 0 | 20.0 | 50.0 | 20.0 |
| 4 | 23.3 | 44.9 | 21.2 |
| 8 | 27.2 | 42.2 | 24.0 |
| 12 | 31.7 | 42.3 | 27.7 |
| 16 | 36.8 | 45.5 | 32.2 |
| 20 | 42.3 | 51.5 | 37.2 |
| 24 | 47.9 | 60.3 | 42.6 |
| 28 | 53.2 | 71.3 | 48.0 |
| 32 | 57.8 | 84.3 | 53.1 |
| 36 | 66.4 | 98.4 | 58.4 |
| 40 | 82.7 | 115.9 | 69.7 |
| 44 | 97.8 | 139.7 | 83.8 |
| 48 | 109.1 | 169.4 | 97.3 |
Methods
- System dynamics Forrester (1961), Industrial Dynamics, MIT Press; Sterman (2000), Business Dynamics
- Critical transitions and tipping points Scheffer and others (2009), Early-warning signals for critical transitions, Nature 461
- Causal loop diagram Sterman (2000), Business Dynamics, McGraw-Hill
- Uncertainty fan (parameter Monte Carlo) Spiegelhalter, Pearson and Short (2011), Visualising uncertainty about the future, Science 333
- One-at-a-time sensitivity (tornado) Saltelli and others (2008), Global Sensitivity Analysis: The Primer, Wiley
Data
No observed data enters this model: it runs on the teaching values set by the controls, to be replaced with a programme’s own evidence.
Across the six pillars, led by Nexus Consortium
- Experiments Labs at GCRI: Labs
- Built in Foundry at GCRI: Foundry
- Tested at Universe at GCRI: Universe technical office
- Codified in Nexus Standards
- Published in Reports at GCRI: Publish
- Taught in Risk Academy
05Frameworks
Risk management references.
| Framework or body | What it governs or supplies |
|---|---|
| ISO 31000 and IEC 31010 | Principles, framework and process; assessment techniques |
| COSO Enterprise Risk Management | Integration of risk with strategy and performance |
| IRGC framework and OECD critical risks recommendation | Governance of systemic and critical risks |
06Twin and cascade simulator
Model risk management and systemic risk as a system. Run the cascade.
Assembled from the Nexus Standards area profile Financial stability and prudential risk: the hazards it names, the systems and sectors that carry the loss, the controls that dampen it and the data that observe it. Choose the components, pick an initiating hazard and step through the cascade. The Map view places the run on an example geography with open data. Every coupling weight is a stated assumption you can change. A teaching model, not a forecast, an assessment or a certification. To model a place of your own choosing, open the full System Builder.
Hazards
- Dam failure
- River flood (set off downstream)
- Flash flood (set off downstream)
- Mass displacement (set off downstream)
- Widespread power outage (set off downstream)
- Water supply shortfall (set off downstream)
Systems and couplings
Controls
NS-0Constitution and principlesNS-3Risk record UNIs (grammar, legacy crosswalk, allocation authority)NS-9Contextual UNIs (deployments, instances, programme instances)NS-10Policies and clauses (machine-readable obligations: definition, binding, evaluation and enforcement)NS-11Verification and monitoring (evidence, attestations, zero-trust conformance observation)NS-14Conformance and crosswalk to external standardsNRS-H62Hazard family: Compound and multi-hazard events (NHS-1 sys.compound)NRS-H113Hazard family: Financial-system fragility (NHS-1 soc.financial-system)NRS-H118Hazard family: Organised crime and illicit economies (NHS-1 soc.crime)NRS-H79Hazard family: Mental health crises (NHS-1 health.mental)NRS-U9Universe platform profile: Financial Regulation NexusNRS-C5Scenarios and stress testing
Observation
- BIS Data Portal (credit, debt service, property prices, banking statistics) (listed for reference)
- IMF data services (WEO, IFS, FSI via SDMX) (listed for reference)
- OECD Data Explorer (SDMX API) (listed for reference)
- Financial Soundness Indicators
- Macroeconomic Dashboard
Example geography
- Western Europe: 152 hexagonal cells
- Night lights tonight, outages (VIIRS Day/Night Band), NASA GIBS
- Surface water through cloud, 30 m (OPERA DSWx-S1 radar), NASA GIBS
- Rain rate, last half hour (IMERG), NASA GIBS
- Surface soil moisture (SMAP), NASA GIBS
07Couplings
Every field feeds this one.
Practice sits on Risk Management and coupled models on Systems Modelling; the method pages begin with decision analysis.
08Grounding
The methods behind the field.
- Decision analysis under uncertainty
- Scenario design and stress testing
- Probability and statistics
- Network science and contagion
- Reliability and resilience engineering
- Uncertainty quantification and model validation
- Policy, institutional and decision science
- Game theory and mechanism design
- Causal inference and impact evaluation
- Forecasting and time-series analysis
- Complex systems and agent-based modelling
- Systems engineering
- Financial economics and macro-finance
- Econometrics
- Optimisation and operations research
- High-performance, cloud and edge computing
09Sources
Where this page’s references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
10Questions
Questions and answers.
Why does GCRI host field gateways?
GCRI hosts the shared references of the Consortium, including the STEM Commons and the field gateways, so each field has one place that links all three institutions’ work.
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