TC Notes

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Turning Risk Assessments Into Supervisory Actions

TC note sets out framework for turning risk assessments into firm-specific supervisory programs

Toronto Centre Note sets out a framework for turning risk assessments into firm-specific supervisory programs. Key considerations include: i) decisions about the risks that should be followed up; ii) choice of supervisory approach to be adopted within the firm; iii) identifying stages of intervention; iv) intensiveness with which remediation will be followed up and monitored; and v) processes surrounding significant changes to supervisory programs.

Publisher: Toronto Centre Release date: Aug 2019

Type: TC Notes

Peer: Risk-Based Supervision , Implementing Risk Based Supervision: A Guide for Senior Managers , The Development and Use of Risk Based Assessment Frameworks

Topics: Risk-based supervision

Sectors: Banking, Insurance, Pensions, Securities

Climate Change: Issues for Banking Supervisors

TC note explores the possible supervisory and regulatory responses in the banking sector to climate change-related risks, and to climate change more generally

Toronto Centre Note discusses issues raised for banking supervisors by climate change. Two key issues are: i) physical, transitional and other risks arising from climate change are likely to have an adverse impact on the credit, market, operational, legal, reputational and strategic risks faced by banks; and ii) the banking sector is likely to play a key role in the financing of activities that will have an impact on climate change.

Publisher: Toronto Centre Release date: Jul 2019

Type: TC Notes

Topics: Climate change , Risk management

Sectors: Banking

How Can Supervisory Authorities Contribute to Meeting the UN SDGs?

TC note discusses how financial sector supervisory and regulatory authorities can help to meet the UN Sustainable Development Goals

Toronto Centre Note discusses ways in which financial sector supervisory and regulatory authorities could promote financial inclusion and gender equality and address climate change-related risks, as part of broader national initiatives to meet the UN Sustainable Development Goals (SDGs). Some of these steps could be taken by supervisory authorities under their current mandates and objectives, but others may depend on their mandates being revised to reflect better the SDGs and broader national priorities. A greater emphasis on climate change, financial inclusion and gender equality in the principles and standards issued by international standard setters could also provide impetus for national supervisory authorities to take additional steps in these areas.

Publisher: Toronto Centre Release date: Jun 2019

Type: TC Notes

Topics: Climate change , Gender equality, Financial inclusion

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Sustainable Finance and Investing With Impact

TC Note sets out implications for emerging market finance

Toronto Centre note provides an overview of: i) how the Sustainable Development Goals (SDGs) and sustainable finance have evolved; ii) key ways that financial markets in emerging market countries may need to change to better mobilize the private financing needed; and iii) actions financial market authorities can focus on to accelerate the growth of financial systems in ways that allow them to take advantage of the opportunities while managing the risks that financing the SDGs present.

Publisher: Toronto Centre Release date: Apr 2019

Type: TC Notes

Topics: Financial inclusion, Climate change

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

The Development and Use of Risk Based Assessment Frameworks

TC Note provides detailed guidance on development and implementation of risk assessment frameworks

Toronto Centre note provides detailed guidance on the development of risk assessment frameworks and their implementation. Note uses a generic framework as its starting point and provides guidance for implementation and use which should be applicable to national versions of risk-based supervision (RBS) frameworks.

Publisher: Toronto Centre Release date: Jan 2019

Type: TC Notes

Peer: Risk-Based Supervision , Implementing Risk Based Supervision: A Guide for Senior Managers , Turning Risk Assessments Into Supervisory Actions

Topics: Risk-based supervision

Sectors: Banking, Insurance, Pensions, Securities

Supervision of Cyber Risk

TC Note provides broad discussion of cyber risk and sets out framework for its supervision

TC Note sets out the nature of cyber risk and outlines the fundamental elements of a framework for implementing an effective supervision program for cyber risk assessment in regulated financial institutions. Discusses how supervisors may assess institutions' governance policies and practices for cyber risk management.

Publisher: Toronto Centre Release date: Dec 2018

Type: TC Notes

Topics: Cyber risk, FinTech, Operational risk

Sectors: Banking, Insurance, Pensions, Securities

IFRS 17 Insurance Contracts: What Supervisors Need to Know

TC note explains new accounting standard for insurance contracts and how supervisors can implement it

Toronto Centre Note discusses: i) how the key features of the standard have been designed to meet the IASB's objectives; ii) potential implications for insurers applying IFRS 17; and iii) considerations for adoption of IFRS 17 for regulatory and supervisory purposes based on the guidance of the IAIS's Insurance Core Principles. Highlights the need for supervisors to take stock of the requirements and determine an action plan for the way forward.

Publisher: Toronto Centre Release date: Oct 2018

Type: TC Notes

Topics: Accounting, actuarial and auditing , Transparency and disclosure

Sectors: Insurance

Implementing Risk Based Supervision: A Guide for Senior Managers

TC note discusses key managerial issues in implementing RBS

Toronto Centre Note discusses the cultural and managerial challenges that need to accompany the adoption and effective implementation of risk based supervision and suggests ways for senior management to respond to these challenges.

Publisher: Toronto Centre Release date: Jul 2018

Type: TC Notes

Peer: Risk-Based Supervision , The Development and Use of Risk Based Assessment Frameworks , Turning Risk Assessments Into Supervisory Actions

Topics: Risk-based supervision

Sectors: Banking, Insurance, Pensions, Securities

The Post-Crisis Challenges Facing Supervisors

TC note discusses how emerging markets can approach the implementation of post-crisis and other regulatory reforms

Toronto Centre Note discusses how emerging markets can approach implementation of recent regulatory reforms. Considers the challenges for supervisors stemming from more wide-ranging, robust and complex regulatory requirements, provides an overview of emerging risks and supervisory responses, and discusses the importance of supervisory cooperation. Identifies key challenges as: i) proportionate implementation of reforms; ii) tailoring regulation and supervision to emerging market economies; iii) maintaining a focus on fundamental issues such as credit and insurance underwriting risks; and iv) assessing emerging risks such as those arising from FinTech and cyber security.

Publisher: Toronto Centre Release date: Jul 2018

Type: TC Notes

Topics: Systemically important financial institutions (SIFIs), Cross-border cooperation, Risk-based supervision, Supervisory framework, FinTech

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

SupTech: Leveraging Technology for Better Supervision

TC note explains SupTech and its potential

Toronto Centre note discusses how, by leveraging technology, supervisors can improve the efficiency and effectiveness of their work, with a focus on data collection, data analytics and digitization of processes and working tools. Provides examples of current uses of SupTech and uses that are being tested. Discusses the challenges and risks of embracing SupTech.

Publisher: Toronto Centre Release date: Jun 2018

Type: TC Notes

Topics: Financial inclusion, Financial market infrastructure, Supervisory framework, Supervisory structures, FinTech

Sectors: Banking, Insurance, Pensions, Securities

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Resources

382 records

Turning Risk Assessments Into Supervisory Actions

Climate Change: Issues for Banking Supervisors

How Can Supervisory Authorities Contribute to Meeting the UN SDGs?

Sustainable Finance and Investing With Impact

The Development and Use of Risk Based Assessment Frameworks

Supervision of Cyber Risk

IFRS 17 Insurance Contracts: What Supervisors Need to Know

Implementing Risk Based Supervision: A Guide for Senior Managers

The Post-Crisis Challenges Facing Supervisors

SupTech: Leveraging Technology for Better Supervision

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