This panel took place at the 2024 International Monetary Fund and World Bank Group Annual Meetings.In today's fast-changing financial landscape, artificial intelligence (AI) is at the forefront of transformation, reshaping how markets operate and how they are regulated. As we embrace AI's immense potential, it is crucial to address ethical considerations, data privacy, and the need for transparency. Collaboration among industry stakeholders, regulators, and technology developers is essential to harness AI's benefits while effectively managing its risks. The panel discussed:- How AI is driving innovation, enhancing decision-making, and improving operational efficiency- Predictive analytics capabilities that enable better risk assessment and mitigation- Revolutionary advancements in financial supervision, such as AI-powered monitoring and compliance tools- Rapid technological changes and ensuring that regulatory frameworks keep paceOpening Remarks:The Honourable Ahmed Hussen, Minister of International Development, Government of CanadaPanelists:The Honourable John Rwangombwa, Governor, National Bank of RwandaFundi Tshazibana, Deputy Governor and CEO: Prudential Authority, South African Reserve Bank; Vice-Chair, Network for Greening the Financial SystemStefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges RiksbankModerator:Jennifer Elliott, Assistant Director, Monetary and Capital Markets Department, International Monetary Fund; Board Member, Toronto Centrehttps://torontocentre.org/

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 in the updated Core Principles and highlight why both banks and supervisors should adopt flexible practices to address the evolving nature of climate risks.Panelists:Elsie Addo Awadzi, Deputy Governor, Bank of Ghana; Board Member, Toronto CentreShahin Mahmudzade, Executive Director, Central Bank of the Republic of AzerbaijanModerator:Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank; Board Member, Toronto CentreView their biographies here.https://www.torontocentre.org/

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 PhilippinesJessica Chew, Deputy Governor, Bank Negara MalaysiaModerator:Bill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto CentreRead 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 CentreWilliam Burn, Managing Director, Supervision Methods, Standards and Controls, Office of the Superintendent of Financial Institutions, CanadaModerator:Clive Briault, Chair, Banking Advisory Board, Toronto CentreRead 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 CentreFrancesca Hopwood Road, Head, BIS Innovation Hub, London CentreModerator:Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto Centrehttps://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 FranceBill Coen, Former Secretary General, Basel Committee on Banking Supervision; Board Member and Chair, Finance, Audit and Risk Committee, Toronto CentreModerator: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 CentreHost: Ruth Dueck-Mbeba, Financial Inclusion Advisor, Toronto CentreRead 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 CentreHost: Arvind Baghel, Program Director, Toronto CentreRead 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:The importance of global implementation of FATF’s standards to ensure responsible financial sector growthUsing the latest data technologies to combat financial crimeHow financial supervisors can better detect criminal activity and enhance know-your-customer protocolsHow 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. 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 CentreRead 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 CentreHost: Chuin Hwei Ng, Senior Program Director, Toronto CentreRead 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 CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead 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 CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

Liquidity is fundamental to the operation of financial institutions. Problems can quickly arise and escalate, threatening the stability of the financial system.This TC Note and accompanying podcast focuses on good practices in liquidity management by financial institutions in the banking, insurance, pensions, and securities sectors. It provides guidance on how supervisors should assess liquidity management, including the use of scenario analysis and stress testing. Lessons learned from recent high-profile financial institution failures are explored.Speaker: Paul Wright, Program Leader, Toronto CentreHost: Chuin Hwei Ng, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

The world's most economically vulnerable populations are frequently impacted by natural catastrophes (NatCats).The International Association of Insurance Supervisors' (IAIS) recent report, A call to action: the role of insurance supervisors in addressing natural catastrophe protection gaps, outlines actions insurance supervisors can take.The speakers discuss key takeaways from the report including:How closing the protection against gap for natural catastrophes could improve financial stability, particularly for emerging markets and developing economiesThe importance of improving consumer financial literacyCreating an enabling regulatory and supervisory environment to expand access to affordable insurance productsRead our Climate and Biodiversity Loss Risks Toolkit to learn more.Speaker: Jacqueline Friedland, Executive Director, Risk Assessment and Intervention Hub, Supervision Sector, Office of the Superintendent of Financial Institutions (OSFI), Vice Chair, Protection Gap Task Force, International Association of Insurance Supervisors (IAIS)Host: Anatol Monid, Senior Director, Programs, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

Experts from the development and financial supervision sectors discussed some of the challenges and solutions for farmers from emerging markets and developing economies in accessing finance to adapt to climate change.Key takeaways from this insightful conversation include the need to:Build a common vision and establish a dialogue between supervisors and the marketIncrease access to finance for small holder farmers through safe digital solutionsImplement gender-inclusive policies to address specific barriers women faceToronto Centre and MEDA co-hosted this event as part of Global Affairs Canada's 2024 International Development Week.Panelists:Tomás Soley, Superintendent, General Superintendence of Insurance of Costa Rica (SUGESE)Nadia Guerch, Senior Regional Director for Latin America, Eastern Europe and Asia Pacific, MEDAOmoneka Oyier, Director, Business Value Creation, MEDAModerator:Carl Hiralal, Insurance and Pensions Advisory Board, Toronto CentreRead the transcript here. Read their biographies here.https://www.torontocentre.org/

The International Sustainability Standards Board (ISSB) has developed new standards for sustainability reporting and climate-related disclosure.This new TC Note and accompanying podcast discuss the benefits, challenges, and actions needed for the standards to reach the goals they were set out to meet. They outline how the standards can help achieve the following key supervisory goals:Investor and consumer protectionSafety and soundness of financial institutionsFinancial system stability and alignment with national climate targetsSpeaker: Alison Harwood, Program Leader, Toronto CentreHost: Eric Pezet, Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

In 2023, the Consultative Group to Assist the Poor (CGAP) released a technical guide on Digital Financial Services for Financial Inclusion: Tools for Supervisors.This podcast highlights key takeaways from the guide, including:How to improve supervisory dataAn approach to designing supervisory frameworkHow artificial intelligence can improve or impair inclusionSpeakers: Juan Carlos Izaguirre, Senior Financial Sector Specialist, CGAPMehmet Kerse, Senior Financial Sector Specialist, CGAPHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/https://www.cgap.org/

To achieve net-zero, every economic sector will need to decarbonize, and financial institutions need to fund activities supporting this transition. Financial institutions and their customers will need to develop credible transition plans.The panel discussed:the common elements for transition plans;the need for financial regulators to set supervisory expectations for transition plans; and,how transition plans should be considered within the prudential framework.Panelists:Martin Moloney, Secretary General, International Organization of Securities CommissionsIrene Espinosa Cantellano, Deputy Governor, Banco de MéxicoMichael Jantzi, Board Member, International Sustainability Standards BoardThomas Beretti, Senior Advisor to the NGFS Secretariat; Head of Division, Climate Change Centre, Banque de FranceModerator:Babak Abbaszadeh, President and CEO, Toronto CentreRead the transcript here. Read their biographies here.https://www.torontocentre.org/

Emerging Markets and Developing Economies (EMDEs) are facing numerous hurdles in mobilizing the necessary transition financing for decarbonization, including fiscal constraints, restricted access to private capital, and a shortage of expertise in project development and financing. Ramping up blended finance efforts is critical for this transition.The panel discussed:some practical examples of successful blended finance transactions; and,the role that financial regulators and supervisors can play in creating a conducive and stable environment for these transactions.Panelists:Laura Santa, Sustainable Finance Group Leader, Financial Superintendency of Colombia (SFC)Andrew Ahiaku, Director and Head of Financial Sector, Aceli AfricaAlan Elizondo, General Director, Fideicomisos Instituidos en Relación con la Agricultura (FIRA)Dr. Nnamdi Igbokwe, Director, Knowledge and Thought Leadership, Convergence Blended FinanceModerator:Demet Çanakçi, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here.https://www.torontocentre.org/Read our TC Note to learn more about blended finance: https://www.torontocentre.org/index.php?option=com_content&view=article&id=236&Itemid=99https://www.convergence.finance/Read more about barriers and recommendations for blended finance: https://www.convergence.finance/resource/state-of-blended-finance-2023/view

This TC Note and podcast address issues encountered by introducing risk-based supervision. These range from technical matters to more complex challenges, such as:appropriate calibration of ratings;risk-management controls;managing on- and off-site work;significant enterprise-wide activities;treating ‘unsupervisable’ structures;independent local boards; andupstreaming of profits to parent institutions.Speaker: Paul Wright, Program Leader, Toronto CentreHost: Chuin Hwei Ng, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

This TC Note and podcast brings together principles and practices related to financial sector oversight that are relevant to financial inclusion, including proportionate regulation, risk-based supervision, and consumer empowerment. They emphasize the need to understand and manage linkages and trade-offs between different policy areas, and cover some cross-cutting issues that supervisors are facing, such as new innovations and sources of competition, gender disparities in financial inclusion, and the role of financial inclusion in crisis responses.Speaker: Laura Brix Newbury, Program Leader, Toronto CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

The Intact Centre for Climate Adaptation at the University of Waterloo recently released a report on Integrating Physical Climate Change and Extreme Weather Risk into Institutional Investing. The report examines the strategic and financial impact physical climate risks have on businesses.In this podcast, the speakers address some topics financial supervisors and regulators should consider:the impact of physical climate change and extreme weather risk on the financial sector;the state of global disclosures and frameworks; and,tools available to reduce risk.Speaker: Kathryn Bakos, Director, Climate Finance and Science, Intact Centre on Climate Adaptation, University of WaterlooHost: Shelina Visram, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/ 

Crypto regulation was a key agenda of the G20 summit. While regulations and a framework have yet to be finalized, consensus emerged that a blanket ban was not feasible. The joint declaration noted that the G20 will continue to “closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem,” and the leaders endorsed the Financial Stability Board’s (FSB’s) “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements.”The panel discussed:macro financial consequences,regulatory aspects,cross-border framework and cooperation; andsupervisory implications.Panelists:William C. Dudley, Chair, Bretton Woods Committee (BWC); Former President and CEO, Federal Reserve Bank of New YorkNezha Hayat, Chairperson and Chief Executive Officer, Moroccan Capital Market Authority (AMMC)Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)Olivier Fines, Head, Advocacy and Capital Markets Policy Research for EMEA, CFA InstituteModerator:Marina Moretti, Deputy Director, Monetary and Capital Markets, International Monetary Fund (IMF)Read the transcript here. Read their biographies here.

Central banks and supervisors need to consider climate change and biodiversity loss, which are interconnected and mutually reinforcing. Looking ahead, dealing with nature-related risks may also involve transition plans. Transition plans are crucial to credible implementation. The panel discussed:how central banks and supervisors should adjust to better capture climate-related impacts;the effects of tighter monetary policy on climate investments in industrialized economies and their implications for emerging markets and developing economies; and,what transition plans should entail and the objectives they should serve.Opening Remarks:The Honourable Ahmed Hussen, Minister of International Development, Government of CanadaPanelists:The Honourable John Rwangombwa, Governor, National Bank of RwandaSabine Mauderer, Vice-Chair, Network for Greening the Financial System; Board Member, Deutsche BundesbankJean-Paul Servais, Chair, IOSCO Board; Chair, Belgium's Financial Services and Markets AuthorityStefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)Moderator:Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World BankRead the transcript here. Read their biographies here.

Annually, the world’s 280 million migrant workers send USD 1 trillion to 800 million family members. This TC Note and podcast explains why insurance and pensions for these workers is an important area of focus for supervisors. They address how supervisors following a risk-based approach can tackle key risks for migrant workers and service providers, and the role supervisors can play in expanding coverage, particularly in the informal sector.  Speaker: William Price, Program Leader, Toronto CentreHost: Lay Geok Yeo, Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/ 

The frequency and devastation of climate-related disasters in Small Island Developing States (SIDS) are growing. The risks of financial instability, food insecurity, and human loss and suffering are increasing and impeding economic growth. While SIDS have contributed the least to global climate change, they are hardest hit by natural disasters. The consequences for their economies and people’s lives are catastrophic. Part of the solution is accelerating the transition to net zero and sustainable development. Our speakers shared perspectives and insights on effective approaches for governments, policy makers, and financial sector leaders.Speaker: Timothy N.J. Antoine, Governor, Eastern Caribbean Central Bank; Board Member, Toronto CentreModerator: Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto CentreModerator: Erin Tansey, Director, Sustainable Inclusive Economies Program, International Development Research Centre (IDRC)Read the transcript here. Read their biographies here. Toronto Centre and the IDRC co-hosted this event on the margins of the Canada-CARICOM Summit.https://www.torontocentre.org/ 

This TC Note and accompanying podcast discuss the food security issue, which is relevant to supervisory objectives such as institutional soundness and the maintenance of sound, fair and stable markets, as well as consumer protection and retail market conduct.Speaker: Craig Thorburn, Program Leader, Toronto CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/ 

The International Organization of Securities Commissions (IOSCO) called for the development of the International Sustainability Standards Board (ISSB) in 2021, with the idea of developing a common language in which issuers worldwide could report on sustainability matters.Very recently, the ISSB adopted two new standards addressing sustainability and climate disclosure, which were immediately endorsed by IOSCO.This podcast will discuss these new standards, their upcoming implementation, and their potential impacts, as well as the Task Force’s other ongoing initiatives.Speaker: Rodrigo Buenaventura, Chair, Comisión Nacional del Mercado de Valores (CNMV); Chair, Sustainable Finance Task Force, IOSCOHost: Jean Lorrain, Chair, Securities Advisory Board, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/ 

Everyday in Canada, millions of people place their trust in payment service providers (PSPs) whenever they tap their card on a payment terminal or make an online purchase. In 2021, the Bank of Canada (the Bank) was tasked with building a mandate to supervise PSPs to ensure safe and efficient retail payments. This podcast discusses the challenges in building this framework, the PSPs and financial market infrastructure to which it will apply, and the timeline for implementation. In this conversation, Ron Morrow talks about how the Bank is engaging with industry and stakeholders to better understand the retail payment landscape. For information about the Bank’s next consultation and how to participate, subscribe to the Bank's retail payments supervision newsletter. Speaker: Ron Morrow, Executive Director - Supervision, Bank of CanadaHost: Anatol Monid, Senior Director, Programs, Toronto Centre. Read the transcript here. Read their biographies here.  https://www.torontocentre.org/

This TC Note and accompanying podcast address the rapid rise of cyber risk, which presents unique challenges to the financial sector. They provide guidance on how to determine an effective strategy to deal with this constantly evolving risk and deliver that strategy with the resources available.Speaker: Lyndon Nelson, Program Leader, Toronto CentreHost: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here. https://www.torontocentre.org/

Money laundering is a global problem that undermines the integrity and safety of the global financial system. In this podcast, Beju Shah introduces the BIS Innovation Hub’s recent initiative, Project Aurora. He discusses leveraging data, technology and collaboration to improve AML efforts through collaborative analysis and learning while upholding data protection, privacy, and information security. Speaker: Beju Shah, Head of Nordic Centre, BIS Innovation Hub Host: Demet Çanakçı, Senior Program Director, Toronto CentreRead the transcript here. Read their biographies here.Read more about Project Aurora here.https://www.torontocentre.org/

In this podcast, the speakers examine climate scenarios and practical guidance on the design of climate stress tests. They discuss the uncertain nature of climate risks and the tools available to assess them.Read their biographies here. Read the transcript here. Read the TC Note here.

In this podcast, the speakers examine the reasons for introducing a retail CBDC, the key choices in its design, and how supervisors can address arising risks and opportunities. Considerations include financial stability, inclusion, AML, and cross-border remittances. Read their biographies here. Read the transcript here. Read the TC Note here.

Ensuring everyone has access to financial services is paramount to sustainable economic development. In this podcast, the speakers will discuss:·      the role of financial regulators and supervisors as facilitators of financial inclusion;·      the importance of access for disadvantaged people, and·      risk-based approach to anti-money laundering (AML). The speakers will discuss our complimentary self study program, which is available on our website. Panelists: Mercy Buku, Program Leader, Toronto Centre Richa Goyal, Program Director, Toronto Centre Robin Newnham, Head of Policy Analysis and Guidance, Alliance for Financial Inclusion (AFI) Moderator: Maria Sofia Reiser, Research Analyst, Royal United Services Institute (RUSI) Read their biographies here. Read the transcript here

Speaker: Dr. Kennette Thigpen Harris CEO and Founder, Welltrust Partners Host:Shelina VisramProgram Director, Toronto CentreDescription:It probably doesn’t come as a surprise that employee mental health concerns are at an all-time high. Employees’ mental health can have a critical impact on their company’s morale, engagement, and bottom line. In this podcast the speakers address some key points for leaders, including financial regulators and supervisors, to consider to support positive mental health in the workplace.Dr. Thigpen Harris shares some insights from her new book, Cut Yourself Some Slack.Read their biographies here. Read the transcript here. 

Financial markets play a key role in enabling the transition towards carbon neutrality. Mandatory global disclosure standards with industry-specific metrics are therefore vital to ensure that financial flows are aligned with green and transition objectives.  The panelists discuss:key challenges with respect to taxonomies, green external reviews, climate transition metrics and frameworks, andthe necessary global efforts for greater harmonisation and help to unleash the transformative power of financial markets to advance the climate agenda. Panelists:Martin Moloney, Secretary General, IOSCOMichael Jantzi, Member, International Sustainability Standards BoardCarol Paradine, CEO, Canadian Public Accountability Board Andres Vinelli, Chief Economist, CFA Institute  Moderator:Bill Coen, Member, Board of Directors and Chair, Finance, Audit and Risk Committee, Toronto Centre Read their biographies here. Read the transcript here.

Climate change, biodiversity loss, and food security are interlinked and pose a serious threat to financial stability and global prosperity.  The panelists discuss:how climate and biodiversity risks are threatening global food security, financial stability and inclusion; andwhat policymakers and supervisors can do to mitigate this most pervasive threat to societies. Panelists:The Honourable John Rwangombwa, Governor, National Bank of Rwanda Nezha Hayat, Chairperson and Chief Executive Officer, Moroccan Capital Market Authority (AMMC) Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden) Moderator:Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank Read their biographies here. Read the transcript here. 

In celebration of our 25th anniversary, we hosted a fireside chat featuring Toronto Centre board chair and former Governor of the Central Bank of Sweden, Stefan Ingves. Mr. Ingves recently retired as the Governor after serving a 17-year term. He shared his perspectives on how cyber risk, digital currencies, climate change, and payment systems are changing the future of central banking. Opening Remarks: Tobias Adrian, Financial Counsellor and Director. Monetary and Capital Markets, International Monetary Fund (IMF) Moderator: Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF Read their biographies here. Read the transcript here. 

The Global Findex 2021 revealed a reduction in the gender gap from 9% to 6% in access to formal financial services in developing economies. This is a positive indication that changes in mindset and practice are shifting the norms.The speakers from Mennonite Economic Development Associates (MEDA), MiCrédito, and Toronto Centre discussed:their respective experiences, insights, and strategies to deepen women’s access to finance;the value of gender-disaggregated data collection and analysis for financial supervisors and financial service providers; and how to further close the gender gap in finance.Panelists:Petronella Chigara Dhitima - Program Leader, Toronto CentreVerónica Herrera - Chief Executive Officer, MiCréditoModerator:Lindsay Wallace - Senior Vice President, Strategy & Impact, Mennonite Economic Development Associates (MEDA)Read their biographies here. Read the transcript here.

This podcast identifies how financial supervisors should use The Global Findex 2021 to implement gender-aware supervisory practices. Read their biographies here. Read the transcript here.View the Global Findex chapter summaries here.View the Global Findex data sets here.View the Global Findex gender brief here.Read our Gender-Aware Supervision Toolkit here.

The Global Findex Database is an internationally recognized source of data on global access to financial services. In this podcast, the speakers discuss the key takeaways from The Global Findex 2021, including:Gaps in access to and usage of financial services by women;Roles of policymakers and regulators in balancing inclusion initiatives and consumer protection measures; andInsights into the behaviours that enable financial resilience.Read their biographies here. Read the transcript here.

In celebration of Canada’s International Development Week, the panel discussed how to make food and water security part of global economic recovery. They also explored the roles of the financial, health, and food sectors in driving long-term change and sustainability.Panelists:Elissa Golberg – Ambassador of Canada to Italy, Albania, Malta and San Marino and Permanent Representative of Canada to IFAD, FAO, WFPTimothy N. J. Antoine – Governor, Eastern Caribbean Central BankDr. David Nabarro – Co-lead, UN Global Crisis Response Group on Food, Energy and Finance; Special Envoy on COVID-19, World Health Organization (WHO)Carl Hiralal – Chair, Insurance and Pensions Advisory Board, Toronto CentreRead their biographies here. Read the transcript here.

In celebration of Toronto Centre's 25th anniversary, this discussion explored strategies to transition towards a green, stable, and inclusive global financial system. Read their biographies here. Read the transcript here. 

This podcast examines the regulation and supervision of retail payment systems (RPS). RPS provide advantages such as innovation, but also present risks to users and financial stability.Read their biographies here. Read the transcript here.

The pandemic, geopolitical uncertainties, persistent barriers, and gender norms have disrupted the world economy and stalled progress on the Sustainable Development Goals, particularly the one to achieve gender equality by 2030. However, some countries have been successful in advancing strategies for women's empowerment and financial inclusion. The panel discussed transformative approaches and shared their respective country, regional, and international experiences and lessons.Read their biographies here. Read the transcript here.

L'innovation financière évolue à un rythme très rapide. Ce podcast abordera la question de savoir où en sont les régulateurs et les superviseurs dans les différentes initiatives relatives aux Fintech, quels sont les avantages du travail du Réseau mondial d'innovation financière (GFiN), ainsi que l'orientation et les impacts des différentes initiatives sur l'inclusion financière.Lisez leurs biographies ici. Lire la transcription ici.

Financial innovation is evolving at a very fast pace. This podcast will discuss where regulators and supervisors stand on various initiatives relating to Fintech, the impacts on financial inclusion, and the benefits of the Global Financial Innovation Network (GFiN)’s work.Read their biographies here. Read the transcript here.

This Toronto Centre Note and accompanying podcast will help front-line supervisors assess the risk factors specific to individual firms and how the norms set out in guidance may need to be modified in individual assessments. Read their biographies here. Read the transcript here.

Digital transformation is a goal throughout the G20. It affects not only economics but also all aspects of society: finance, women issues, government administration and public services. The challenges include infrastructure, payments, and central bank digital currencies (CBDCs), just to name a few.The panel focused on issues related to digitization in the financial sector, including CBDCs, crypto assets and cross border payments.