Toronto - Banking & Securities Crisis Simulation
Tuesday, October 13, 2009 - Friday, October 16, 2009
Program Overview

Based on the success of its 2008 crisis preparedness program, The Toronto Centre will organize in October 2009 a crisis program including a more sophisticated simulation with banking, securities and cross border effects. The exercise will be based on a hypothetical but realistic country being subject to a financial shock. The scenario will unfold over three stages, from first identification of the shock to final resolution of the crisis.

Against the backdrop of a weakening conjuncture, the participants in the exercise will need to work together to identify risks to the system, to assess the potential systemic consequences and then decide on measures to address the problem. These might range from regulatory intervention through liquidity support to solvency support or bank insolvency.

Participants will also need to manage their interactions with other authorities (for example the finance ministry), banks and the media.

The program is most appropriate for senior banking and securities regulators with responsibility for systemic stability and crisis preparedness, be it at a supervisory agency or the central bank.
Program Details




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Program Location
The Westin Prince Hotel
900 York Mills Road
Toronto, Ontario M3B 3H2
Tel: 1 416 444 2511 Fax: 1 416 444 9597

www.westin.com/prince

Hotel accommodation per night is CDN$157.07 including taxes.


"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

© 2009 Toronto Centre