In the aftermath of the Global Financial Crisis (GFC), several standard setting bodies have designed and implemented an ambitious set of reforms with the objective of minimizing both the likelihood and the real effects of future crises. Nevertheless, there are still structural factors – root causes of the GFC – that remain intact and mostly unresolved.
Supervisors from around the world struggle not only with the implementation of the new standards in their jurisdictions but also with the enrichment of their supervisory approaches, those that allow them to tackle the root causes of crises, and at the same time, create the necessary conditions for a sustainable development of their national capital markets.
Supervisors and regulators need to rethink and redesign the supervisory tools at their disposal, especially if they are going to be more effective in reducing the likelihood of future crises. In successfully accomplishing this objective, supervisors need to learn from market failures and other relevant experiences as well as from new supervisory approaches and techniques designed with the objective of creating an ethical culture by financial institutions' management and governance. It is necessary that securities regulators explore new ways to analyze appropriate implementation of the various mandates including how to reconcile and communicate prudential, deterrence, and enforcement goals both in times of urgency and in developing policy responses.
This program will address these concerns and bring together experts and regulators from different jurisdictions who will present case studies they have lived through, and illustrate innovative approaches to deal with the root causes of financial crises. Training sessions will be highly practical and interactive, including group activities, role plays, and a crisis simulation exercise to reinforce learning. The program will provide an avenue for participants to compare best practices and discuss issues with their international counterparts.
Upon completion of this five-day course, participants will better understand how to:
St. Andrew's Club & Conference Centre 150 King St W. (Sun Life Financial Tower) Toronto, ON M5H 1J9 The program will take place on the 27th floor.
Please note this program is closed to the media.
Thuy Bui and Kathy Nguyen