Toronto Centre Podcasts

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; and upstreaming of profits to parent in...

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...

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...

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 recomme...

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...

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 c...

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 liv...

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 Centre Host:  Demet Çanakçı, Senior Program Director, Toronto Centre Read the transcript ...

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 endo...

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...

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 Centre Host: Demet Çanakçı, Senior Program Director, To...

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...

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  com...

Speaker: Dr. Kennette Thigpen Harris CEO and Founder, Welltrust Partners Host: Shelina Visram Program Director, Toronto Centre Description: 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 point...

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, and the...

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; and what policymakers and supervisors can do to mitigate this most pervasive threat to societies.   Panelists: The Honourable...

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 R...

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 de...

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; and Insights into the...

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...

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 .