Tuesday, Jul 26, 2022
Certified Financial Supervisor
Upcoming CFS Program Dates in 2023
- Core Curriculum: October 30 - November 10
Stay tuned for registration details.
Watch the Video:
Frequently Asked Questions
1. What is the CFS? How will it help support my career advancement? How will it benefit my agency?
The CFS is Toronto Centre’s inaugural designation for financial supervisors and regulators.
The CFS will build the core supervisory, crisis preparedness and leadership skills candidates require to support their agencies in the ever-changing financial services industry.
Candidates will gain the necessary knowledge and expertise to address the most pressing issues of today so they can lead and transform their agencies in these turbulent times.
The CFS is also designed to support central banks and supervisory authorities around the globe that have adopted or will adopt risk-based supervision. The CFS has a cross-sectoral focus (banking, insurance, pensions, securities) and integrates sustainable development goals to provide holistic coverage of the financial sector and wider supervisory objectives.
Application and Registration
2. How do I apply for the CFS designation?
Complete the application form, including approval from your direct supervisor.
The CFS is a rigorous designation and requires serious commitment from participants. Therefore, we require acknowledgement that your agency supports your participation for the entire duration and approves your attendance. Toronto Centre will review your application and, if you’ve met all the prerequisites, send you an acceptance letter outlining your next steps.
CFS applications will open with the launch of a new level-one program within the CFS designation The CFS is comprised of three-levels. Acceptance to the CFS will automatically register you for CFS level one program open at that time. For upcoming CFS program dates and registration details, please go to the CFS page on Toronto Centre’s website.
CFS candidates must complete the first level (comprising of three programs Core Curriculum, Crisis Preparedness and Climate Risk) within two years of registering to maintain eligibility.
3. Once I’m accepted into the CFS stream, do I need to register for each program separately or will I automatically be registered for them all?
You must register for each program separately. There are seven programs in total. CFS candidates will be notified when each program registration opens and will be given priority registration status.
4. Do I have to take programs in a specific order?
You must successfully complete all required courses in a level before proceeding to the next level. Within a level, you can take any required course at any time.
5. What are the CFS fees for registrants joining in 2023?
For further details, please refer here for fee details.
6. What is included in the program fees?
Program fees include the program delivery and all program materials. Participants will be responsible for paying for travel, accommodation, and some meals for in-person programs.
7. Are scholarships available?
There is a limited number of scholarships available for each program to assist candidates. Please indicate on the CFS application form if you require financial assistance.
Delivery, Exams and Dates
8. Will the programs be held virtually or in-person?
The goal is to provide about half of the programs in-person. However, this may change based on pandemic-related travel advisories and global conditions. Please refer to the communications provided for each program.
9. How often will programs be offered?
At least three CFS programs will be offered every 12 months for level one of the CFS.
10. What are the program dates for 2023?
Crisis Preparedness: May 15 -19
Climate Risk Impact: July 10 -14
Core Curriculum: October 30 - November 10
11. How long will it take to complete the CFS designation?
Assuming the candidate passes and successfully completes each program, it should take approximately three years from start to finish. Candidates must complete all three levels of the CFS within five years of registration.
12. If I am unable to take a program, can I defer it to the next time it is offered?
Yes, subject to the candidate meeting the CFS program criteria. You must meet all prerequisites to pass on to the next level of the program.
13. If I fail an exam or quiz, can I retake the exam or quiz or do I have to retake the program?
Candidates will be allowed one retake of the exam or quiz. An additional nominal exam/quiz fee will be charged. If the candidate fails the exam/quiz retake, they will have to retake the program.
14. Will there be simultaneous translation available in other languages at any of the programs?
No. Programs, quizzes and exams will be conducted in English.
Gradation and Designation
15. Will there be a graduation ceremony to confer the CFS?
16. Will CFS graduates be listed on Toronto Centre’s website?
17. If I leave the supervisory and regulatory profession before completing the designation, can I continue in the program?
No. The CFS is a designation for supervisors and regulators.
18. If I leave the profession after receiving the designation, can I still list the CFS designation on my resume?
Yes, the designation is given to candidates in a personal capacity. Once a candidate has met all requirements and graduated, the designation can be listed on a graduate’s resume.