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Supervising the New Normal: A New Guide to Navigate the Pandemic

TC webcast on navigating the COVID-19 pandemic

Toronto Centre webcast focuses on the impact of COVID-19 on the financial system. It discusses emerging trends for supervising the new normal.    

Publisher: Toronto Centre     Release date: Nov 2020    

Type: TC Videos

Topics: COVID-19

Sectors: Securities

Emotional Wellness for Supervisors

TC podcast discusses how to thrive in our current environment

Toronto Centre podcast focuses on mental wellness in the workplace and how leaders can support a healthy and thriving team. It provides practical tips and ideas to help you to manage your own well-being.

Publisher: Toronto Centre     Release date: Nov 2020    

Type: TC Videos

Topics: COVID-19

Sectors: Securities

2020 Resolution Report

FSB report highlights need for resolution preparedness

Financial Stability Board provides an update on progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and highlights the need for resolution preparedness. It also discusses lessons learned from the COVID-19 pandemic, which confirmed the importance of ongoing work on resolvability, including for central counterparties (CCPs).

Publisher: Global Standard-Setting Bodies     Release date: Nov 2020    

Type: Consultative, discussion and issues paper

Topics: Recovery and resolution, COVID-19

Sectors: Securities

The Dawn of FinTech in Latin America

BIS report discusses landscapes, prospects and challenges for FinTech in Latin America

Bank for International Settlements report describes the FinTech landscape in terms of investment, firms and services provided. It evaluates the prospects for FinTech by exploring the institutional framework to supervise and regulate it. The report presents the challenges that FinTech faces in becoming a game changer for the region. It concludes that FinTech can be a strong catalyst to improve financial and social conditions in Latin America by incorporating the unbanked into the financial system and providing alternative sources of finance to firms. 

Publisher: International Organizations     Release date: Nov 2020    

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, FinTech

Sectors: Securities

Task Force on Climate-related Financial Disclosures: 2020 Status Report

FSB 2020 status report

Financial Stability Board Task Force on Climate-related Financial Disclosures 2020 status report found that disclosure of climate-related financial information aligned with the TCFD recommendations has steadily increased since the recommendations were published in 2017. The largest increases relate to companies disclosing how they identify, assess, and manage climate-related risk. 

Publisher: Global Standard-Setting Bodies     Release date: Nov 2020    

Type: Guideline

Topics: Climate change , Risk management, Transparency and disclosure

Sectors: Securities

Guide on Climate-related and Environmental Risks

ECB guide sets out how banks should prudently manage and disclose risks

European Central Bank guide outlines the ECB's understanding of the safe and prudent management of climate-related and environmental risks under the current prudential framework. It describes how the ECB expects institutions to consider climate-related and environmental risks - as drivers of existing categories of risk - when formulating and implementing their business strategy and governance and risk management frameworks. It explains how the ECB expects institutions to become more transparent by enhancing their climate-related and environmental disclosures.

Publisher: Regional Standard-Setting Bodies     Release date: Nov 2020    

Type: Guideline

Topics: Climate change

Sectors: Securities

How Better Data Can Equip Supervisors and Financial Services Providers to Improve Women's Financial Inclusion

TC virtual executive panel with USAID

Toronto Centre-USAID executive panel discusses ways to improve women's financial inclusion.

Publisher: Toronto Centre     Release date: Oct 2020    

Type: TC Videos

Topics: Financial inclusion, Gender equality

Sectors: Securities

Effective Practices for Cyber Incident Response and Recovery: Final Report

FSB toolkit of effective practices

Financial Stability Board toolkit of effective practices aims to assist organizations in their cyber incident response and recovery activities. Toolkit includes 49 practices for effective cyber incident response and recovery across seven components: i) governance; ii) planning and preparation; iii) analysis; iv) mitigation; v) restoration and recovery; vi) coordination and communication; and vii) improvement. 

Publisher: Global Standard-Setting Bodies     Release date: Oct 2020    

Type: Consultative, discussion and issues paper

Topics: Cyber risk, Operational risk

Sectors: Securities

Supervision of Money Laundering and Terrorist Financing

TC note on AML/CFT supervision

Toronto Centre Note provides guidance for the supervision of the implementation by financial institutions (FIs) of their obligations to implement measures to combat money laundering (ML) and terrorist financing (TF). It focuses on the actions to be taken by supervisors to ensure implementation of these obligations. 

Publisher: Toronto Centre     Release date: Oct 2020    

Type: TC Notes

Topics: Money laundering and terrorist financing, Risk-based supervision

Sectors: Securities

Innovative Ways to Address Climate Change and the Sustainability Agenda

TC virtual executive panel discusses climate change and pandemics

Toronto Centre virtual executive panel discusses: i) fundamental similarities between pandemics and climate risk; ii) steps that could be taken to align the immediate pandemic responses with the imperatives of sustainability; iii) how to leverage tools such as blended finance to advance climate smart financing; iv) opportunities for the financial sector to contribute towards climate change goals; v) innovative ways for regulatory and supervisory authorities to address climate change-related risks and meet the Sustainable Development Goals (SDGs); and vi) how to promote financial market and product innovations such as green bonds and market-based financing of green infrastructure initiatives.

Publisher: Toronto Centre     Release date: Oct 2020    

Type: TC Videos

Topics: Climate change , COVID-19

Sectors: Securities

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