Held in partnership with Sveriges Riksbank, Toronto Centre is offering a virtual week-long program that will act as a wonderful opportunity for supervisors to network and learn from their international peers whilst studying the key concepts and practices of crisis preparedness.
The COVID-19 pandemic has resulted in a sharp negative impact on economies worldwide. The economic downturn is reflected in corporate failures and sharp falls in asset and commodity prices which flows-through to impact on the financial sector, potentially causing individual financial institutions, including systemic ones, to be weakened. This Program is designed to provide participants with tools to assist them in their surveillance of the financial sector and to take necessary measures when alerted to an impending crisis. It also provides them with the opportunity to practice the roles that monetary policy makers in central banks, supervisory/regulatory authorities and deposit insurance corporations play in managing a crisis arising from problems in a potentially systemic financial institution. The case studies and computer-simulated exercises will explore how central bankers, supervisors and deposit insurers co-ordinate with each other and with other authorities nationally and internationally during a crisis, and the tools available to them to deal with the systemic consequences of a bank failure.
In a simulated environment, the participants will be able to:
At the end of the program, participants will be able to examine the critical components of a crisis preparedness/contingency planning guide in the event of a financial crisis, in accordance with international best practices.
This program will be held virtually.
Program will start daily at 12:00 and will finish at 17:00 (Central European Summer Time)