December 2014 Newsletter

Tuesday, December 23, 2014

Babak Abbaszadeh Dear friends, colleagues, and Toronto Centre associates, 

2014 has been an exciting year at the Toronto Centre, exceeding our expectations and reaching new heights in our mission to enhance the capacity of financial regulators from around the world. We have a number of exciting items to share with you this month, including highlights of 2014, the announcement of two new board members, a contest, and the first new program open for registration for 2015.

2014 Highlights

2014 was a huge year for the Toronto Centre. We have delivered a record 74 programs, reaching more than 1,900 financial regulators and supervisors on all continents in our capacity development efforts.

We expanded our international programs by forging new partnerships with Australia Indonesia Partnership for Economic Governance, Norges Bank, and Finland Financial Supervisory Agency, while continuing to deliver our popular international programs with Risksbank, the IMF, World Bank, and U.S. Federal Reserve, and our flagship Toronto programs.

We delivered 18 regional programs in Africa, up from 9 in 2013. We also delivered our first French-language regional program this year in the Democratic Republic of Congo on microfinance with GIZ, followed by a second French-language program on microinsurance in Gabon with the Access to Insurance Initiative.

Our commitment to the ASEAN region continued, as we delivered a total of 18 regional and country-specific capacity development programs for the ASEAN members.

Our new program on market conduct and financial consumer protection was very well received, as we held it six times in all major regions, , and we plan to continue offering it in 2015. Supervisors in Southern Africa have a chance to take part in our next market conduct program in February 2015 (see below).

We look forward to continuing to deliver excellent training for our partners and associates in the new year!

New Board Members

Toronto Centre is very pleased to welcome two new members to our Board of Directors:

Jeremy Rudin is the Superintendent at the Office of the Superintendent of Financial Institutions Canada and serves on the Council of Governors of the Canadian Public Accountability Board and the Board of Directors of the Canada Deposit Insurance Corporation. He is also a former Assistant Deputy Minister of the Financial Sector Policy Branch, Department of Finance, Canada.

Gloria M. Grandolini is a Senior Director, Finance and Markets Global Practice of the World Bank Group, overseeing the World Bank Group’s financial sector development initiatives.

Upcoming Programs

Toronto International Programs

We’re hard at work preparing for our flagship annual international programs in Banking, Securities, and Insurance and Pensions, which will once again be happening this coming June and July. Stay tuned for more information about these programs in January.

COMING SOON: Supervision of Digital Financial Services

The Toronto Centre and CGAP are developing a one-week training program that provides a practical and comprehensive framework for an effective supervision of digital financial services. Stay tuned for more information about this program in the new year!

REGISTRATION OPEN: Market Conduct Regional Supervision Program
Pretoria, South Africa, Feb 9-13 - Click here for more information

This program examines various supervisory and regulatory activities related to market conduct and consumer protection for financial institutions. Focus will be on activities such as: current challenges and issues related to market conduct supervision, what a good market conduct supervision framework looks like, license approvals, mystery shopping, and assessing consumer complaints. We will also discuss how to go about conducting risk-based supervision together with offsite and onsite supervisory work for market conduct assessments. We will look at the possible institutional arrangements among financial sector supervisors in an agency and also how to set up an internal organization and processes.

This program is organized jointly with the South Africa Financial Services Board and is targeted at supervisors from the region.

Happy Holidays

I wish you and your family a safe and joyous holiday season and all the best for 2015. We look forward to an energetic collaboration with our partners in the coming year.


Babak Abbaszadeh
President and CEO
Toronto Centre

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