Toronto Centre Podcasts Toronto Centre

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 their biographies here (https://torcentre.sharepoint.com/:b:/s/Files/ERWi901pGS9GjElggSGUPpEBJq5xRBr6Gtd9h8f4Bbis7Q?e=A4qZzB). https://www.torontocentre.org/ (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/ (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 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 (https://torcentre.sharepoint.com/:b:/s/Files/EYXcYUO9qK9Fv0x0j5GuO4EBeUg4PrkReYGBArhveWANUg?e=VtATm7). Read their biographies here (https://torcentre.sharepoint.com/:b:/s/Files/EWfnDxdyQORItv-j-Yg-4mcBR8LPP7bygsHxzcZKCRb_XA?e=t4PTcx). https://www.torontocentre.org/ (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 (https://torcentre.sharepoint.com/:b:/s/Files/EeV_t4odCS9CqUoVIfJtPVYB7Az0s54prAuvUsPzGGIzVw?e=pZxMi6). Read their biographies here (https://torcentre.sharepoint.com/:b:/s/Files/Ef32biDwqcpAhcDrJv9lxmYBv-Y4ioTewiAzL6wLneWmbw?e=6zbAs3).https://www.torontocentre.org/ (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 (https://torcentre.sharepoint.com/:b:/s/Files/ETaVp_HaUqZJon3J0PJ2hBYBubgUtHuFizXCMbKm8HsyJQ?e=pl7zA9). Read their biographies here (https://torcentre.sharepoint.com/:b:/s/Files/EaXsdyPNKlJJq_JxMaA5V0sBVwPgEZrwd1BhTbwa2qpF2g?e=Qjsy0n).https://www.torontocentre.org/ (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 growth* Using the latest data 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. 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://torcentre.sharepoint.com/:b:/s/Files/Eb1vnWGoURZPlXBSk05EU7oByzKqkyYFRK2S8c67JFQWKg?e=Ctgc3A). https://www.torontocentre.org/ (https://www.torontocentre.org/)