By Toronto Centre
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The podcast currently has 171 episodes available.
This was the fourth webinar of the series on the revised Core Principles for effective banking supervision.
The revised Core Principle 25 emphasizes banks’ capacity to handle severe operational risks, including pandemics, cyber threats, and natural disasters. Additionally, the revisions introduce a proportionality approach, aligning regulatory rules and supervisory practices with each bank's systemic importance and risk profile. This ensures that standards are scaled appropriately, from large international institutions to smaller deposit-taking banks, without compromising regulatory strength.
The panel discussed the importance of operational resilience for banks in a rapidly changing world, as well as the role of proportionality in effectively scaling standards for different banking sectors.
Panelists:
Chuchi G. Fonacier, Deputy Governor, Central Bank of Philippines
Jessica Chew, Deputy Governor, Bank Negara Malaysia
Moderator:
Bill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
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.
The panel discussed how supervisors can assess business models and determine if and how to appropriately intervene.
Speakers:
Elsie Addo Awadzi, Deputy Governor, Bank of Ghana; Board Member, Toronto Centre
William Burn, Managing Director, Supervision Methods, Standards and Controls, Office of the Superintendent of Financial Institutions, Canada
Moderator:
Clive Briault, Chair, Banking Advisory Board, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
This was the second webinar of the series on the revised Core Principles for effective banking supervision.
Advances in digitalization and financial technology continue to affect the landscape of the financial system, including the provision of banking services.
The Core 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.
The panel discussed regulatory and supervisory implications of innovative technologies and their applications, as well as new competitors and business models.
Speakers:
Socorro Heysen, Superintendent, Banks, Insurance and Pension Fund Administrators, Peru; Board Member, Toronto Centre
Francesca Hopwood Road, Head, BIS Innovation Hub, London Centre
Moderator:
Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto Centre
https://www.torontocentre.org/
This was the first webinar of the series on the revised Core Principles for effective banking supervision.
The post-Global Financial Crisis (GFC) period has seen banks continue to build their resilience to financial risks, underpinned by stronger regulatory and supervisory frameworks, including the Basel III standards. The Core Principles for effective banking supervision have been strengthened to reflect key elements of many of the post-GFC reforms introduced by the Basel Committee on Banking Supervision.
This panel focused on the experience with macroprudential regulation, supervision, and tools across jurisdictions.
Speakers:
Nathalie Aufauvre, Secretary General, L'Autorité de contrôle prudentiel et de résolution (ACPR), Banque de France
Bill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto Centre
Moderator:
Babak Abbaszadeh, President and CEO, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
The worldwide total of forcibly displaced persons (FDPs) reached 110 million in 2022, with the cross-border refugee population standing at 36.4 million in 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.
They also outline actions that supervisors can take towards achieving financial inclusion for FDPs, including adopting risk-based approaches to customer identification requirements, implementing financial education programs, and encouraging the development of financial infrastructure in refugee centres.
Speaker:
Mercy Buku, Program Leader, Toronto Centre
Host:
Ruth Dueck-Mbeba, Financial Inclusion Advisor, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
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 cross-border supervision of the adequacy of capital and liquidity. They also consider the challenges of cross-border supervision and conglomerate supervision.
Speaker:
Brad Shinn, Program Leader, Toronto Centre
Host:
Arvind Baghel, Program Director, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
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, crypto assets are a currency of choice among criminals.
The panel discussed:
Opening Remarks:
Ian Gorst, Minister of External Affairs, Government of Jersey
Panelists:
Abdul Rasheed Ghaffour, Governor, Bank Negara Malaysia
T. Raja Kumar, President, Financial Action Task Force (FATF)
Cecilia Skingsley, Head, BIS Innovation Hub, Bank for International Settlements
Moderator:
Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto Centre
Read their biographies here.
https://www.torontocentre.org/
The nature of retail conduct supervision, which can often be more prescriptive and rules based, can result in different approaches to intervention.
This TC Note and accompanying podcast discusses how supervisors should take a more proactive risk-based approach to dealing with potential areas of misconduct and apply the key principles of risk-based supervision to facilitate an earlier identification and remediation of issues.
Speaker:
Karen Badgerow, Program Leader, Toronto Centre
Host:
Chuin Hwei Ng, Senior Program Director, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
Stress testing should be a critical element of risk management for most financial institutions. It should alert boards and senior management to potential adverse outcomes related to a broad range of risks and vulnerabilities, identify potential losses, liquidity needs, and operational responses should adverse shocks occur. Supervisors should, in turn, have a strong interest in stress testing by financial institutions.
This TC Note and accompanying podcast discusses the need for financial institutions to conduct stress testing, what types of stress tests and scenario analyses are used, possible adverse outcomes, key areas in stress testing supervision, and the possible usages of the results by financial institutions.
Speaker:
Clive Briault, Chair, Banking Advisory Board, Toronto Centre
Host:
Demet Çanakçı, Senior Program Director, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
Supervisory stress testing is a technique used to assess the robustness of financial institutions and the broader financial system to severe but plausible shocks. Since the Global Financial Crisis of 2008, it has emerged as an important tool for supervisors that complements other approaches and methods.
Stress testing is one of the more complex tasks undertaken by supervisory authorities. Primarily used to inform solvency and liquidity adequacy assessments, it is also a critical method for exploring emerging risks and the threats they pose to financial institutions.
This TC Note and accompanying podcast discusses the design, effective use, limitations, and interpretation of stress tests by financial supervisors. It explores a range of stress tests, from elementary, top-down applications to more sophisticated tests using scenarios applied bottom-up to multiple financial institutions.
Speaker:
R. Barry Johnston, Program Leader, Toronto Centre
Host:
Demet Çanakçı, Senior Program Director, Toronto Centre
Read the transcript here. Read their biographies here.
https://www.torontocentre.org/
The podcast currently has 171 episodes available.