Toronto Centre Podcasts – Details, episodes & analysis

This podcast explores the important role that self-regulatory organizations (SROs) play in securities markets, as well as the advantages, risks, and key considerations in delegating regulatory responsibilities to SROs.

The speakers discussed how securities supervisors can effectively oversee SROs to ensure accountability, transparency, and investor protection. They also highlighted practical approaches for strengthening the relationship between supervisors and SROs, especially in emerging markets.

Speaker: 

Bert Chanetsa, Program Leader, Toronto Centre

Host: 

Chuin Hwei Ng, Program Director, Toronto Centre

Read the transcript here. Read their biographies here.

This panel took place at the 2025 International Monetary Fund and World Bank Group Spring Meetings. 

The rapid evolution of financial innovation is redefining the landscape of supervision, presenting regulators and supervisors with the challenge of keeping pace with technological advancements while upholding financial stability, consumer protection, and market integrity. This session convenes leading experts to explore practical approaches for leveraging AI in supervision, equipping supervisors with the tools and insights needed to navigate an increasingly complex financial ecosystem. 

The discussion delved into how AI is reshaping financial systems to enhance resilience, with a focus on AI-driven risk management, operational efficiency, and financial inclusion. 

The panel discussed:

• The broader implications for financial stability, regulatory frameworks, and ethical considerations
• The role of AI in strengthening financial system resilience
• Innovations that enhance adaptability to market shocks and systemic risks
• Regulatory and operational challenges in integrating AI-driven solutions

Panelists:

Lesetja Kganyago, Governor, South African Reserve Bank

Andréa M Maechler, Deputy General Manager, Bank for International Settlements

Stefan Ingves, Chair, Toronto Centre

Moderator:

Jennifer Elliott, Assistant Director, Monetary and Capital Markets, IMF; Board Member, Toronto Centre

Read the transcript here. Read their biographies here.

Watch the executive panel here.

This was the second webinar of the series on the revised Core Principles for effective banking supervision.

Advances in digitalization and financial technology continue to affect the landscape of the financial system, including the provision of banking services.

The Core Principles for effective banking supervision (BCP) have been amended to reflect the impact of new risks, including risks relating to the ongoing digitalization of finance.

The panel discussed regulatory and supervisory implications of innovative technologies and their applications, as well as new competitors and business models.

Speakers:

Socorro Heysen, Superintendent, Banks, Insurance and Pension Fund Administrators, Peru; Board Member, Toronto Centre

Francesca Hopwood Road, Head, BIS Innovation Hub, London Centre

Moderator:

Jennifer Elliott, Advisor, Monetary and Capital Markets Department, IMF; Board Member, Toronto Centre

https://www.torontocentre.org/

How can central bankers and supervisors sustain financial inclusion and stability in the digital age?

Speakers:

Irene Espinosa Cantellano – Deputy Governor, Banco de México

Ben Gully – Assistant Superintendent, Regulation Sector, Office of the Superintendent of Financial Institutions (OSFI)

Moderated by: Babak Abbaszadeh

The speakers discussed the results of the recently released BIS Working Paper, The FinTech Gender Gap, which identified country characteristics, differences in the willingness to use new financial technology, and different attitudes towards privacy and technology as reasons for some of the gap.

The speakers also explored challenges and opportunities in fostering financial inclusion with new technology for supervisors and regulators.

In this podcast, Clive Briault discusses the TC Note Operational Resilience: The Next Frontier for Supervisors? He explains why operational resilience is important for supervisors, shows how supervisors can assess a financial institution's operational resilience as part of their supervisory assessment, and discusses how operational resilience fits within a risk-based supervisory approach.

In this podcast, Barry Johnston discusses the TC Note Integrating Microprudential Supervision with Macroprudential Policy. He explains the reasons supervisory authorities should adopt a macroprudential approach and why the traditional approach to micro-prudential supervision has been ineffective in preventing financial crises.

As financial systems worldwide look forward to a post-pandemic environment, are bank supervisors setting clear expectations today for their supervised institutions? This Toronto Centre podcast reviews the importance of “Sticking to the Basics” of effective financial sector supervision. Bill Coen, Toronto Centre board member and former Secretary General of the Basel Committee on Banking Supervision, catches up with longtime colleague, Tom Dujenski, an experienced adjunct professor, financial services consultant and retired senior US bank regulator.

Panelists:

Mark Carney - UN Special Envoy on Climate Action and Finance; and Finance Adviser to UK Prime Minister for COP26

Sri Mulyani Indrawati - Minister of Finance of Indonesia

Moderated By:

Babak Abbaszadeh - CEO and President of Toronto Centre