Toronto Centre Podcasts
Business & Finance
About
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 in emerging markets and developing countries. www.torontocentre.org What financial supervisors and regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living in them. Toronto Centre’s podcast series will feature simulating panel sessions and interviews on timely topics such as, financial crisis, financial stability, climate change, gender equality, financial inclusion, fintech and much more.
Episodes
- Ep. 181: Executive Panel Session: Cyber and Operational Risk in the Quantum Era
Cyber and Operational Risk in the Quantum Era: Financial Stability amid Escalating Geopolitical Conflict This panel took place at the 2026 International Monetary Fund and World Bank Group Spring Meetings. Financial stability is under fire…
- Ep. 159: Financial Education and Literacy: Strengthening the Stability and Resilience of Financial Systems
This podcast explores why financial literacy matters, its impact on financial stability and inclusion, and what can be done to improve it at all levels, from individuals to policymakers and supervisors. The speakers discuss how tailored li…
- Ep. 158: Women's Financial Inclusion - A Catalyst for Sustainable Development
Toronto Centre and CARE Canada co-hosted a virtual panel session to mark Canada's International Development Week . Closing the financial inclusion gender gap is essential for sustainable economic growth and stability. It empowers women soc…
- Ep. 157: Artificial Intelligence and Prudential Supervision
This podcast highlights the benefits and challenges of using artificial intelligence (AI) in prudential supervision. The speakers discuss how AI can be used as a supervisory tool to improve fraud detection and risk monitoring, as well as s…
- Ep. 156: The Supervision of Financial Institutions' Climate-related Transition Planning
There is an increasing focus on the role of financial institutions in contributing to climate-related change as a result of their financing of the activities of customers and counterparties. A key element in financial institutions’ efforts…
- Ep. 155: Supervision of Financial Institutions’ Business Models
Financial institutions fail for many reasons. These failures are often the symptom or consequence of one or more underlying root causes. In some financial institutions, business model weaknesses may be combined with weak corporate governan…
- Ep. 154: The Rise of AI - Transforming Financial Markets and Supervision
This panel took place at the 2024 International Monetary Fund and World Bank Group Annual Meetings. In today's fast-changing financial landscape, artificial intelligence (AI) is at the forefront of transformation, reshaping how markets ope…
- Ep. 153: Climate-related Financial Risks
This was the fifth webinar of the series on the revised Core Principles for effective banking supervision. The panel discussed the inclusion of climate risk in the updated Core Principles and highlight why both banks and supervisors should…
- Ep. 152: Operational Resilience and Proportionality
This was the fourth webinar of the series on the revised Core Principles for effective banking supervision. The revised Core Principle 25 emphasizes banks’ capacity to handle severe operational risks, including pandemics, cyber threats, an…
- Ep. 151: Risk Management and Business Model Sustainability
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 im…
- Ep. 150: Digitalization in Finance
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 provisi…
- Ep. 149: Financial Risks and Macroprudential Supervision
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 s…
- Ep. 148: The Role of Supervision in the Financial Inclusion of Forcibly Displaced Persons
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 creat…
- Ep. 147: Cross-Border Supervision of Capital and Liquidity Adequacy
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 implication…
- Ep. 146: Executive Panel Session: Combatting Financial Crime in a Digital Age
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 fi…
- Ep. 145: Supervisory Intervention by Retail Conduct Supervisors
The nature of retail conduct supervision, which can often be more prescriptive and rules based, can result in different approaches to intervention. This TC Note and accompanying podcast discusses how supervisors should take a more proactiv…
- Ep. 144: Supervision of Stress Testing by Financial Institutions
Stress testing should be a critical element of risk management for most financial institutions. It should alert boards and senior management to potential adverse outcomes related to a broad range of risks and vulnerabilities, identify pote…
- Ep. 143: Supervisory Stress Testing: A Primer
Supervisory stress testing is a technique used to assess the robustness of financial institutions and the broader financial system to severe but plausible shocks. Since the Global Financial Crisis of 2008, it has emerged as an important to…
- Ep. 142: The Risk-Based Supervision of Liquidity
Liquidity is fundamental to the operation of financial institutions. Problems can quickly arise and escalate, threatening the stability of the financial system. This TC Note and accompanying podcast focuses on good practices in liquidity m…
- Ep. 141 - A Call to Action: Addressing Natural Catastrophe Protection Gaps
The world's most economically vulnerable populations are frequently impacted by natural catastrophes (NatCats). The International Association of Insurance Supervisors' (IAIS) recent report, A call to action: the role of insurance superviso…
- Ep. 140 - Agricultural and Financial Systems’ Adaptation to Climate Change
Experts from the development and financial supervision sectors discussed some of the challenges and solutions for farmers from emerging markets and developing economies in accessing finance to adapt to climate change. Key takeaways from th…
- Ep. 139 - The New ISSB Standards: Considerations for Financial Supervisors
The International Sustainability Standards Board (ISSB) has developed new standards for sustainability reporting and climate-related disclosure. This new TC Note and accompanying podcast discuss the benefits, challenges, and actions needed…
- Ep. 138 - Digital Financial Services for Financial Inclusion: Tools for Supervisors
In 2023, the Consultative Group to Assist the Poor (CGAP) released a technical guide on Digital Financial Services for Financial Inclusion: Tools for Supervisors . This podcast highlights key takeaways from the guide, including: How to imp…
- Ep. 137 - Supporting Net-Zero Transition Planning
To achieve net-zero, every economic sector will need to decarbonize, and financial institutions need to fund activities supporting this transition. Financial institutions and their customers will need to develop credible transition plans.…
- Ep. 136 - Blended Finance for Climate Adaptation: Implications for Supervisors
Emerging Markets and Developing Economies (EMDEs) are facing numerous hurdles in mobilizing the necessary transition financing for decarbonization, including fiscal constraints, restricted access to private capital, and a shortage of exper…
- Ep. 135 - Risk-Based Supervision: Some Practical Implementation Issues
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- a…
- Ep. 134 - Supervising Inclusive Financial Sectors
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 em…
- Ep. 133 - Integrating Climate Change Risk into Institutional Investing: From Rhetoric to Action
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 financia…
- Ep. 132 - Executive Panel Session: Digital Finance and Crypto Assets Oversight: Where Do We Stand?
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 mon…
- Ep. 131 - Executive Panel Session: Nature-Related Risks, Macroeconomic Impacts, and Transition Planning
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 ar…
- Ep. 130 - Supervising Migrant Insurance and Pensions
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…
- Ep. 129 - Fireside Chat: Building Climate Resiliency Through Financial Reforms
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.…
- Ep. 128 - Food Security: Implications for Supervisors
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 re…
- Ep. 127 - IOSCO’s ESG Priorities, Ongoing Initiatives, and Potential Impacts
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…
- Ep. 126 - Introduction of a Retail Payments Supervision Framework in Canada
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 m…
- Ep. 125 - Cyber Risk - Developing and Delivering a Supervisory Strategy
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 ris…
- Ep.124 - The Power of Data, Technology, and Collaboration to Combat Money Laundering Across Institutions and Borders
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, t…
- Ep. 123 - Introduction for Supervisors to Scenarios and Stress Tests of Climate Change Risks
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 .…
- Ep. 122 - Central Bank Digital Currencies: Implications for Supervisors
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, an…
- Ep. 121 - The Role of AML Regulators in Financial Inclusion
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; · t…
- Ep. 120 - Supporting Positive Mental Health in the Workplace
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…
- Ep. 119 - Addressing Greenwashing in Financial Services
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 tran…
- Ep. 118 - Addressing the Climate Change, Biodiversity Loss, and Food Security Crises
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, fi…
- Ep. 117 - Fireside Chat: The Future of Central Banking
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 te…
- Ep. 116 - International Women's Day: Using Data to Close the Gender Gap
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 spea…
- Ep. 115 - Using Global Findex 2021 for Gender-Aware Supervision
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 . V…
- Ep. #114 - Global Findex 2021: Key Takeaways for Financial Regulators and Supervisors
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…
- Ep. #113 - Food Security: A Must for Economic Recovery
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-te…
- Ep. #112 - Climate Change, Finance, and Development
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 .
- Ep. #111 - Regulation and Supervision of Retail Payment Systems
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 her…