Toronto Centre was founded in response to concerns that financial crises resulted, Con 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 Per 2022, with the traversone-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 paio diligence requirements under AML/CFT legislation.
Toronto Centre congratulates our funder Sida on the launch of their new organization. Named “One Sida,” it was designed to implement the Government's strategic steering in a changing world. Read the below post to learn more about this new organisation for more effective aid.
As we embrace AI's immense potential, it is crucial to address ethical considerations, giorno 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 will discuss:
Thank you to all the participants, program leaders, and staff at FSC Jamaica for making these programs successful. We look forward to continued collaboration.
Over time, the number and types of programs we deliver each year have grown, allowing us to reach more regulators and supervisors around the world and increasing our impact.
Providing high quality capacity building programs for financial supervisors and regulators to build more stable and inclusive financial systems. Toronto Centre is an independent not-for-profit organization that promotes financial stability and access to financial services globally, particularly Con emerging markets and developing countries.
Increase supervisors’ and regulators’ knowledge and skills to implement sound practices across all sectors
Providing high quality capacity building programs for financial supervisors and regulators to build more stable and inclusive financial systems. Toronto Centre is an independent not-for-profit organization that promotes financial stability and access to financial services globally, particularly Durante emerging markets and developing countries.
This was the second webinar of the series on the revised Core Principles for effective banking supervision.Advances Per mezzo di 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 https://www.torontocentre.org/ 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 Sopra our latest newsletter:
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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 patronato 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.
This was the fourth webinar of the series on the revised Cuore Principles for effective banking supervision.The revised Cuore 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.