Toronto Centre – Institutional Support 2009-2013

Results achieved as of December 2011 include: 1) Since its inception in 1998 the Toronto Centre has trained nearly 5 000 managers from financial regulatory and supervisory agencies in more than 170 countries around the world helping them build the leadership and technical skills they need to improve the effectiveness of their agencies and their countries’ financial systems. 2) In Colombia the Toronto Centre was chosen by the Superintendencia Financiera de Colombia to be its partner in designing and implementing changes to the financial supervisory framework and processes for the banking and insurance sectors. These changes will align the Superintendencia Financiera de Colombia capabilities with the rapid expansion of the financial sector in Colombia. 3) The Toronto Centre is also partnering with Ghana’s National Insurance Commission to develop and implement a modern risk-based supervisory framework to foster confidence in the Ghanaian insurance sector and improve oversight of this sector of the financial system. 4) In Indonesia the Toronto Centre is working with officials from Indonesia's Ministry of Finance as well as the country's banking insurance and capital markets supervisory agencies to identify and implement needed changes to their practices and organizational structures. As part of this the Toronto Centre helped prepare a coordinated crisis binder outlining an effective response strategy should a crisis strike. The Toronto Centre is also engaged in a multi-year program with Indonesian supervisory authorities to guide their transition to a new integrated financial supervisory agency.