Climate change and biodiversity loss have been identified by most international supervisory standard setters 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, 5-half day, 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, its stability, 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 impacts, and how better risk management can mitigate the impact of climate shocks to the financial system.
For further information, please email Alexandra Charles, program coordinator: [email protected]
The agenda for this program is available for viewing in the attachment.
This course will be taught by Toronto Centre program leaders who have a wealth of highly relevant experience to share with participants in order to help them carry out their work in line with international best practices and to address challenges that they may encounter in their supervisory and regulatory work.
More details on the presenters will be provided at a later date.
QUIZZES AND EXAMS
Quizzes and an examination will be administered during the program. Daily multiple-choice quizzes test theoretical knowledge, while a final exam tests practical applications of the program content. Participants must pass the quiz and final exam in order to proceed along the CFS journey.
PROGRAM FEE
Participants from ODA* Countries
Regular fee: US$1,300
Early bird fee: Early bird fee: US$925 (available until January 17, 2025)
Participants from Non-ODA Countries
Program fee: US$1,600
No early bird discount is available
*Please refer to the Official Development Assistance (ODA) recipients list here.
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
Registration for this program is now open.
This is a mandatory Level 1 program for the Certified Financial Supervisor (CFS) designation, and is a required program for Toronto Centre's new three-program Climate Risk Certification (CRC). The program is also open to individuals not wishing to pursue either qualification.
