Toronto Centre was founded in response to concerns that financial crises resulted, in part, from weak financial sector supervision and with an understanding of the significant contribution that strong supervision can make to financial stability and economic development.
We have earned an international reputation for excellence in delivering capacity-building programs to financial sector regulators and supervisors. Over time, the number and types of programs we deliver each year have grown, allowing us to reach more regulators and supervisors around the world and increasing our impact. Some of our major milestones include:
Toronto Centre is established with the support of the Government of Canada, World Bank, and Schulich School of Business. We deliver our first ever program, focused on banking supervision.
Toronto Centre introduces its first program for securities regulators, and the International Monetary Fund becomes a core supporter.
Toronto Centre holds its first program for insurance supervisors.
We train our 1000th supervisor.
The Swedish International Development Cooperation Agency (Sida) provides us with initial funding.
Toronto Centre assumes the international training programs formerly offered by the Office of the Superintendent of Financial Institutions, Canada (OSFI). We introduce our first program for pensions supervisors and deliver 20 programs – more than in any previous year.
Toronto Centre partners with the Consultative Group to Assist the Poor (CGAP) to develop and deliver our first program for microfinance supervisors, and we welcome Sida as a core supporter.
We introduce new programs in microinsurance supervision, macroprudential surveillance, and FSAP follow-up, and train our 5000th participant. We also deliver a record-high 60 programs, 56 of which are held outside of Canada.
Toronto Centre and the Schulich School of Business at York University in Toronto collaborate to develop and launch a Master of Finance program with specialization in Regulatory Affairs for Financial Institutions. The first students begin classes in September.
While our programs have expanded and evolved over time, our approach remains the same: they are all made to be hands-on and practical because we want our participants to learn what works in practice. We have developed case studies and simulation exercises to complement our teaching material and we also ensure that our program leaders are experienced experts who can share their hands-on knowledge.