Yes, il y a un risque requires the subjunctive:
Par exemple…
Il y a un risque que nous perdions tout.
There’s a risk that we could lose everything.
Lesson: Il y a
The Subjunctivisor! | Subjunctive lesson
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I don’t understand why it’s not “Il y a un risque que nous puissions perdre tout.”
You could say it like that, but it’s a bit redundant in French. The subjunctive offers enough doubt already, whereas in English we need to add “could” to get that same doubt.