Program Overview
 
   
 
   

"Very timely and valuable. This Program highlights the need for having a tested crisis preparedness plan in place for responding to various types of scenarios."

Reina Ebanks, Head of Banking & Trust, Banking and Trust Supervision Department, Cayman Islands Monetary Authority, Cayman Islands


"The program managed to get everyone contributing in the exercise leading to a very special experience. It got everyone to focus on planning (new, update existing or testing). Getting to knowing each other and using that friendship to further communicate in the future is invaluable."

Indrit Banka, Director, Supervision Department, Bank of Albania, Albania


"The programme would be very valuable for countries that need to "kickstart" their crisis preparedness efforts as well as those that have made good progress and would like to "test" their arrangements. In the present conjuncture of increased risk it would be a valuable tool to quickly raise a number of countries’ ability to handle a crisis."

Andre Bezuidenhout, Head, Financial Stability Department, South African Reserve Bank, South Africa


Financial crises occur infrequently, but as recent experience has shown, the potential public costs are enormous. Crisis simulation exercises are one way to prepare for such low probability, high impact events. In October 2008, the Toronto Centre organized two crisis preparedness programs that included crisis simulations, one for banking regulators and one for insurance regulators. The need for such programs has increased as the effects of the current financial crisis spreads.

Thus, in 2009, in partnership with the World Bank, the Toronto Centre will organize a series of regional crisis preparedness programs, which will include crisis simulation exercises.

The Toronto Centre simulations are designed to provide participants with the opportunity to practice the roles that supervisory authorities and central banks play in managing a crisis arising from problems in a potentially systemic financial institution. In particular, the exercises will explore how supervisors, central banks and deposit insurers co-ordinate in a crisis with each other and with other authorities nationally, and the tools available to them to deal with the systemic consequences of a bank failure. The October 2009 program in Toronto will include securities markets and cross border implications.

Crisis Simulation Program Schedule
LocationProgram NameDateAgendaRegister
RwandaRwanda - Banking - Rwanda Central Bank & World BankMay 18 to May 21 2010
Kuala LumpurKuala Lumpur - Crisis Banking & Securities - SEACENSeptember 27 to September 30 2010
© 2009 Toronto Centre