Climate change and biodiversity loss have emerged as significant risks that supervisors must incorporate within their supervisory frameworks and practices. The Financial Stability Board states that “climate-related risks are far-reaching and differ from other risks to financial stability,” with effects on the financial system that are “subject to substantial uncertainty and tail-risk.”
This virtual, cross-sectoral program examines the adaptation of supervision to climate change and biodiversity loss-related risks, micro- and macroprudential responses to these risks, and the consequences of these risks to the financial system, consumer protection, and financial inclusion. Insurance, bank, securities, and pension supervisors will learn how stress testing can be used to assess climate and biodiversity loss, and how better risk management can mitigate the impact of climate shocks to the financial system.
For further information, contact the program coordinator, Neha Sharma, at nsharma@torontocentre.org
This is a mandatory Level 1 program for the Certified Financial Supervisor (CFS) designation, and it will be a required program for the new certificate in climate risk supervision. Details of the certificate will be announced soon.
QUIZZES AND EXAMS
Quizzes and an examination will be administered during the program for all participants.
PROGRAM FEE
Participants from ODA* Countries
Regular fee: US$1,225
Early bird fee: US$925
Register by May 10 and receive an early bird discount of US$300
Participants from Non-ODA Countries
Program fee: US$1,500
No early bird discount is available
*Please refer to the Official Development Assistance (ODA) recipients list here.
VIRTUAL NETWORKING SESSION
Participants are expected to join an icebreaker session on Thursday, June 6, 2024. This will be a good opportunity for participants to virtually meet and network with their international peers.
REQUIRED PRE-READING
Pre-reading will be required. Materials will be sent out to registered participants at least two weeks before the program starts.
REGISTRATION
This program is open for registrations.
Mid-to senior-level supervisors and regulators with responsibilities in supervision of the banking, securities, insurance, or pensions sectors, or for managing financial stability and financial surveillance.
This program is one of the core modules for participants currently pursuing our Certified Financial Supervisor (CFS) designation. If you are interested in enrolling in the CFS designation, please fill out this application.
This program is also open to participants who are not pursuing the CFS certification.
Participants should have at least three years of working experience in supervision, analysis, or policy, and be proficient in English.
Financial sector impacts of climate and biodiversity-related risks
Stress tests and their role in assessment
Risk management by financial institutions
Consumer protection and financial inclusion
Micro- and macroprudential responses
Sustainable finance
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