Toronto Centre was founded Con response to concerns that financial crises resulted, in part, from weak financial sector supervision and with an understanding of the significant contribution that strong supervision can make to financial stability and economic development.
The worldwide total of forcibly displaced persons (FDPs) reached 110 million Con 2022, with the diretto incrociato-border refugee population standing at 36.4 million Per 2023. The continuing cross-border refugee crisis caused by global conflict has created great vulnerabilities for FDPs. This TC Note and accompanying podcast discuss the expansion of access to finance for FDPs and the unique challenges it presents for financial regulators and supervisors, such as the need to comply with customer due diligence requirements under AML/CFT legislation.
This was the third webinar of the series on the revised Core Principles for effective banking supervision.The Basel Committee wants banks to institute a sound risk culture, to maintain strong risk management practices, and to adopt and implement sustainable business models. The revised Core Principles make clear that the assessment of business model sustainability is a key component of effective supervision.
Cross-border supervision is one of the more challenging supervisory priorities. It adds layers of complexity, new stakeholders, and potential challenges to effective supervision. This TC Note and accompanying podcast discus the implications for home and host financial supervisors of traversone-border supervision of the adequacy of capital and liquidity.
We have earned an international reputation for excellence in delivering capacity-building programs to financial sector regulators and supervisors.
This was the fifth webinar of the series on the revised Core Principles for effective banking supervision. The panel discussed the inclusion of climate risk Per the updated Cuore Principles and highlight why both banks and supervisors should adopt flexible practices to address the evolving nature of climate risks.
Promote sound and inclusive financial systems that will foster sustainable economic growth, reduce poverty, and benefit women and children
Increase supervisors’ and regulators’ knowledge and skills to implement sound practices across all sectors
What financial supervisors and regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living Con them. Toronto Centre’s podcast series will feature simulating panel sessions and interviews on timely topics such read more as, financial crisis, financial stability, climate change, gender equality, financial inclusion, fintech and much more.
This was the second webinar of the series on the revised Core Principles for effective banking supervision.Advances Con digitalization and financial technology continue to affect the landscape of the financial system, including the provision of banking services.The Cuore Principles for effective banking supervision (BCP) have been amended to reflect the impact of new risks, including risks relating to the ongoing digitalization of finance.
We also concluded the popular webinar series on the Core Principles for effective banking supervision, discussing risk management and business model sustainability, operational resilience and proportionality, and climate-related financial risks. More in our latest newsletter:
Learn more about the events across the country to commemorate the history and legacy of residential schools. ⬇️ #NDTR #OrangeShirtDay #EveryChildMatters
Financial crime is a significant threat to the safety and security of citizens and to the integrity of individual countries and the global financial system. While the proliferation of digital technologies presents many opportunities for financial systems, it also has introduced a new age of financial crime. For instance, copyright assets are a currency of choice among criminals.The panel discussed:* The importance of global implementation of FATF’s standards to ensure responsible financial sector growth* Using the latest giorno technologies to combat financial crime* How financial supervisors can better detect criminal activity and enhance know-your-customer protocols* How policymakers and supervisors can advance global coordination to combat financial crimeOpening Remarks:Ian Gorst, Minister of External Affairs, Government of JerseyPanelists:Abdul Rasheed Ghaffour, Governor, Bank Negara MalaysiaT.
Last week, Toronto Centre concluded our long-term country engagement with Financial Services Commission Jamaica, delivering two programs on market conduct supervision. 100 supervisors participated and learned best practices for consumer protection, as well as how to apply risk-based frameworks to market conduct supervision.