Core Curriculum Program (CFS Level 1)

Certified Financial Supervisor (CFS) Level 1: Core Curriculum Program

Open for registration. Contact Us for more info.
Toronto, Ontario
Oct 21st - Nov 01st, 2024
09:00AM - 05:00PM

(Timezone: EDT)

Eastern Daylight Time UTC - 4

Juan Carlos Alfaro

Program Director

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Program Description

Toronto Centre’s flagship program on core supervision is designed to equip financial supervisors and regulators in banking, insurance, securities, and other financial sectors to address today’s challenges. It covers the key concepts of core supervision and builds participants’ leadership skills to advocate for sound regulation and supervision with leaders from politics and industry.

Through Toronto Centre’s proven, interactive approach to learning, using group activities and real-life case studies, participants will learn:

  • The objectives, principles, and best practices of core supervision
  • The impact of technological innovation and competition on financial markets
  • Risk-based supervision
  • How to balance financial stability, innovation, and responsible market development

This program is open to all qualified applicants who wish to enhance their understanding of effective risk-based supervision across all sectors.

The Core Curriculum Program is a mandatory Level 1 program of Toronto Centre’s Certified Financial Supervisor (CFS) designation.

For any questions, contact Neha Sharma, Program Coordinator, at


Program Agenda

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Click the attached document to view the program agenda.


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. 


Participants from ODA* Countries

Regular fee: US$3,800

Early bird fee: US$2,575 (Till June 15th, 2024)

Participants from Non-ODA Countries

Program fee: US$4,000

No early bird discount is available

*Please refer to the Official Development Assistance (ODA) recipients list here.

Participants are responsible for their own travel and accommodation costs in Toronto.

Please check the Government of Canada website to confirm documents required to enter Canada.


Applications for our John Palmer Scholarship are now open. Apply by May 17 for a chance to win a full scholarship to the Core Curriculum Program.

Applications are open to supervisors and regulators from Least Developed or Low Income ODA recipient countries.

Winners will be notified by Friday, May 31, 2024.



Participants are expected to join a virtual icebreaker session on Wednesday, October 16, 2024, and are invited to a networking tour to Niagara Falls on Sunday, October 20, 2024.

This will be a good opportunity for participants to meet and network with their international peers.


Pre-reading will be required. Materials will be sent out to registered participants at least two weeks before the program starts.


This program is open for registrations. 

Who Should Attend

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.

The Core Curriculum Program is a mandatory Level 1 program 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 open to all qualified applicants who wish to enhance their understanding of effective risk-based supervision across all sectors.

Participants should have at least three years of working experience in supervision, analysis, or policy, and be proficient in English.

Topics Covered
  • Objectives and principles of financial sector supervision
  • Risk-based supervision
  • Conglomerate supervision
  • Cross border cooperation
  • Risks: conduct, climate, insurance, liquidity, operational
  • Supervising corporate governance
  • Anti-money laundering and combatting the financing of terrorism
  • Resolution and recovery planning
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