APEC Financial Regulators Training Initiative

APEC Financial Regulators Training Initiative
Updated: 11 September 2009

Enhancing training efforts for national and regional financial regulators is essential for financial sector stability. These efforts are needed to address inadequate financial sector regulation and supervision, one of the causes of the Asian financial crisis. Policy and governance issues, alongside the inadequate capacity of financial regulators are key constraints to the implementation of best international practice in financial sector regulation and supervision in many countries.

Building and maintaining staff expertise in financial regulatory organizations is one element of stronger financial regulation. Improvements in training processes and programs enhance the quality, implementation, and enforcement of regulation. A systematic, integrated, and sustained approach is needed to improve the quality and efficiency of domestic, regional and international training programs.

As a response, the APEC Finance Ministers endorsed plans to strengthen training programs for financial regulators in the region. Now in its tenth year, the APEC Financial Regulators Training Initiative (APEC FRTI) provides sustainable, efficient and cost effective training for junior and mid-level staff and potential trainers of bank supervisors and securities regulators.