Purpose / Background

The global financial crisis has underscored the importance of strengthened financial supervision and regulation, improved crisis preparedness and better crisis management to the health of financial systems nationally and globally.

Objectives

At the end of the workshop, participants will have the opportunity to practice the roles that the supervisory authorities and central banks play in managing crisis in various dimensions such as

1. resolving cross-border financial institutions;
2. dealing with systemic consequences of a bank failure;
3. options for contingency plans;
4. importance of communications; and
5. crisis simulation

Expected outputs

Crisis simulation to include cross border flows and spillover effects due to interconnectedness of markets.  In a simulated environment, the participants will be able to  

1. practice using processes of contingency planning and dealing with failing banks;
2. coordinate with supervisors, central banks and deposit insurers and with other authorities nationally and internationally in a crisis; and
3. deal with systemic consequences of a bank failure. 

Target participants

The course is designed for senior central bank staff (Deputy Head of Departments and above) involved in managing stability, financial surveillance, and supervision of banking institutions.  The course is also highly relevant to senior staff of deposit insurance corporations. 

Resource speakers

• Ms. Yoke Wang Tok, Program Director, Toronto Centre
• Mr. Jan Willem van der Vossen, Program Leader, Toronto Centre
• Mr. Clive Briault, Program Leader, Toronto Centre