Toronto Centre

Toronto Centre Toronto Centre is a non-profit organization that promotes global financial stability and inclusion through high-quality capacity-building programs.

Established in 1998 in the aftermath of the Asian financial crisis, Toronto Centre is an independent non-profit organization founded by the Government of Canada, the World Bank and the Schulich School of Business (Toronto). IMF and Sida are also strong supporters and funders. A key outcome of our training is effecting change in institutions to overcome weak governance and supervision, which is critical to anti-corruption, anti-money laundering and other aspects of financial stability and sustainable economic growth. In turn, stable, sustainable economic growth is a vital enabler for infrastructure investments, strengthening international trade, and poverty reduction as confirmed by the UN 2030 Sustainable Development global consensus and Addis Ababa Action Agenda. Our mission also supports the implementation of Canada’s Feminist International Assistance Policy. We deliver programs for supervisors and regulators in banking, insurance, microfinance, microinsurance, pensions, and securities. Since our inception, we have trained more than 32,000 mid- to senior-level officials from 190 jurisdictions.

This week, Toronto Centre is in Lusaka, Zambia, conducting a Needs and Capacity Assessment Program with the Bank of Zamb...
10/07/2026

This week, Toronto Centre is in Lusaka, Zambia, conducting a Needs and Capacity Assessment Program with the Bank of Zambia and the Pensions and Insurance Authority (PIA).

The assessment is evaluating supervisory capacity and identifying priorities for future long-term engagement, with a focus on risk-based supervision, financial inclusion, and broader regulatory objectives across Zambia's financial sector.

We look forward to further collaboration with our partners in Zambia.

Happening next week!Register now for "Under Pressure: Building Resilient Financial Systems in a Fragmenting World", our ...
10/07/2026

Happening next week!

Register now for "Under Pressure: Building Resilient Financial Systems in a Fragmenting World", our Executive Panel Session at the 2026 IMF/WBG Annual Meetings in Bangkok, Thailand.

Register here: https://shorturl.at/b9hWq

Financial supervisors are under pressure as rapid technological innovation, cyber threats, geopolitical fragmentation, climate-related vulnerabilities, and evolving market structures reshape the global financial landscape.

The challenge is no longer simply responding to known risks. Supervisors must anticipate emerging vulnerabilities, strengthen resilience, and ensure that financial systems can support sustainable growth. This requires new data-based approaches to supervision, cross-border cooperation, and enhanced institutional capacity.

Drawing on experiences from different regions, including Asia's leadership in financial innovation and cross-border integration, the panel will explore how supervisors can build resilient financial systems that support development, innovation, and stability in an increasingly fragmented world.

To join us, you must be accredited to attend the 2026 Annual Meetings of the International Monetary Fund and The World Bank Group.

Keynote closing remarks
- The Honourable Randeep Sarai, Secretary of State (International Development), Canada’s International Development – Global Affairs Canada

Panelists
- Sophie Sirtaine, Global Director, Financial Services, The World Bank Group; Board Member, Toronto Centre
- Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbanken
- Pornanong Budsaratragoon, Secretary-General, Securities and Exchange Commission, Thailand (สำนักงาน กลต.)

Moderator
- Michaela Erbenova, Deputy Director, Monetary and Capital Markets Department, IMF

This week, Toronto Centre launched the Artificial Intelligence for Financial Supervision program in partnership with the...
10/07/2026

This week, Toronto Centre launched the Artificial Intelligence for Financial Supervision program in partnership with the Національний банк України (NBU).

The program brings together 30 participants to strengthen their understanding of AI-related risks, opportunities, and supervisory considerations.

This program reflects the continued collaboration between Toronto Centre and the National Bank of Ukraine following the signing of our Memorandum of Understanding earlier this year, and underscores the strong and enduring relationship between Canada and Ukraine.

We are grateful to the National Bank of Ukraine for its partnership and look forward to a productive week of learning and exchange.

This week, Toronto Centre is in Phnom Penh, Kingdom of Cambodia, delivering the program "Risk-based Supervision in the S...
10/06/2026

This week, Toronto Centre is in Phnom Penh, Kingdom of Cambodia, delivering the program "Risk-based Supervision in the Securities Sector," designed for ASEAN Securities Markets Regulators.

The program brings together 39 participants from ACMF member countries, including Brunei Darussalam, Cambodia, Lao PDR, Indonesia, Malaysia, Singapore, and Viet Nam.

The program provides participants with an opportunity to share practical experiences, strengthen risk-based supervisory practices, and enhance cooperation among ASEAN securities market regulators.

Please see a press release from និយ័តករមូលបត្រកម្ពុជា Securities and Exchange Regulator of Cambodia as the group photo from the beginning of the program. We look forward to the rest of the program.

Toronto Centre is in Gaborone, Botswana this week, delivering a program on risk-based supervision (RBS) in partnership w...
10/05/2026

Toronto Centre is in Gaborone, Botswana this week, delivering a program on risk-based supervision (RBS) in partnership with the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).

NBFIRA staff across multiple departments have gathered to strengthen their RBS toolkit, revising and adapting risk-profiling tools, assessing supervisory data requirements, and reviewing manuals and processes.

We thank the staff and all the participants for their engagement and contributions thus far and look forward to the rest of the week's program.

Our latest monthly resource bundle is now available.View all the content we published in September as well as our upcomi...
10/05/2026

Our latest monthly resource bundle is now available.

View all the content we published in September as well as our upcoming programs and events here: https://shorturl.at/HoEYf

Happening tomorrow!Don't forget to register for "Integrity and Inclusion: Can We Achieve Both?", our panel at Financial ...
10/05/2026

Happening tomorrow!

Don't forget to register for "Integrity and Inclusion: Can We Achieve Both?", our panel at Financial Inclusion Week 2026, powered by the Center for Financial Inclusion (CFI).

Register here: https://shorturl.at/UtXd0

This year's theme highlights the importance of building financial systems that are both inclusive and trustworthy in an increasingly digital world.

Our session will explore how innovation can help advance financial inclusion while supporting effective AML/CFT objectives. As technology transforms financial services, policymakers, regulators, supervisors, and financial institutions face the challenge of balancing access, integrity, and risk.

Speakers will discuss key innovations, including digital identity, e-KYC, RegTech, SupTech, and data-driven approaches, and examine how risk-based AML/CFT frameworks and proportional regulation can support financial systems that are both safe and inclusive.

Opening Remarks:
- Babak Abbaszadeh, President and CEO, Toronto Centre

Panelists:
- Jorge Mogrovejo González, President, Association of Supervisors of Banks of the Americas
- Maurene A. Simms, Principal Advisor; former Deputy Governor, Bank of Jamaica

Moderator:
- Carl Hiralal, Chair, Insurance and Pensions Advisory Board, Toronto Centre

Toronto Centre Program Director Pierre J. Seguin recently spoke at the Ethiopia Finance Forum – Addis Ababa, Sept. 28th ...
10/02/2026

Toronto Centre Program Director Pierre J. Seguin recently spoke at the Ethiopia Finance Forum – Addis Ababa, Sept. 28th to Oct. 1st, 2026, serving as a panelist in the high-level discussion on emerging skills needs and gaps across Ethiopia’s financial sector.

He discussed how training, partnerships, and digital learning can address them. The session also introduced the Ethiopia Academy of Finance (EAF) and its expanded role in building the capabilities needed to deliver financial reforms.

Thank you for the invitation, and to all who attended.

10/02/2026

"A cyber incident in critical infrastructure, including in payment systems, in energy, or other sectors becomes a less-separate IT problem. It's rather a physical operational security disruption, and the explicit line between what is cyber and what is not cyber is gone, and treating it as such will be a real security mistake."

— Anastasiya Kazakova, DiploFoundation

In this podcast, Anastasiya Kazakova and Vladimir Radunovic of DiploFoundation discuss how cyber threats, AI, and geopolitical tensions are creating new risks for financial institutions and critical infrastructure.

Listen to the full episode of The Human Firewall: Navigating Cyber Risks, AI, and Policy Lags: https://shorturl.at/O4N6y

Toronto Centre had a busy summer.In Q3, we delivered 18 programs, published 10 new resources, welcomed a new member to o...
10/02/2026

Toronto Centre had a busy summer.

In Q3, we delivered 18 programs, published 10 new resources, welcomed a new member to our Board of Directors, advanced conversations on financial stability and emerging risks, and continued supporting financial supervisors and regulators as they navigate an increasingly complex global environment.

Read the newsletter here: https://shorturl.at/O6iuH

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8 King Street E, Suite 1901
Toronto, ON
M5C1B5

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+14169439300

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