APEC Financial Regulators Training Initiative

Spotlight APEC FRTI Brochure [ PDF: 536kb | 4 pages ] Update on APEC Finance Ministers Process Policy Initiatives [ PDF: 166kb | 6 pages ] Announcement The Derivatives program in Colombo, Sri Lanka, 24-26 March 2010, will not be held under ADB's APEC Financial Regulators Training Initiative. Apologies for any inconvenience caused by our previous announcement of this event.

APEC Financial Regulators Training Initiative
Updated: 15 March 2010

Building expertise among national and regional financial regulators is critical to enhance, maintain, and strengthen their ability to promote stable financial institutions and systems.

The 2007/09 global financial and economic crisis not only demonstrated how tightly linked regulated and unregulated financial institutions are through markets and counter-party relationships—and how contagion is transmitted. It also exposed the collective failure to identify, mitigate, and resolve systemic risk. Transparent policies and governance, along with more effective financial regulators, are key to the implementation of international standards in financial sector regulation and supervision in many economies.

Recent events accent the need for new and redesigned training programs that cater to the specific needs of staff at financial supervisory and regulatory agencies. In response, training processes have been substantially improved with new programs introduced to enhance supervisory and regulatory quality, implementation, and enforcement. The APEC Financial Regulators Training Initiative (APEC FRTI) provides a systematic, integrated, and sustained approach to improve the quality and efficiency of financial supervision and regulation.

Endorsed in 1998, the APEC FRTI is the longest running initiative of the APEC Finance Ministers. It aims to strengthen training programs for staff at supervisory and regulatory agencies across APEC and to improve coordination of regional and international training programs. The initiative provides a sustainable, efficient and cost effective training structure for junior and mid-level staff, and in turn can produce future trainers of bank and securities supervisory and regulatory agencies.