Ep. 189: Supervisory Intervention: Enforcement

In this podcast, Thomas Beloe of the United Nations Development Programme (UNDP) Sustainable Finance Hub explores how funding critical climate resilience, infrastructure, and social equity projects for developing nations is an urgent necessity.He discusses the UNDP's work on sustainable finance and the role of the Sustainable Finance Hub and how this work intersects with policymakers, regulators, and supervisors. He also examines the relationship between macroeconomic governance and private investment, and the importance of create an enabling environment for private capital. Lastly, he highlights crucial elements of financial governance and supervision for building investor confidence.Listen now to gain valuable insights.Guest:Thomas Beloe, Director, UNDP Sustainable Finance HubHost: Vikash Thakoor, Program Director, Toronto CentreRead the transcript. Read their biographies.

In this podcast, Vladimir Radunović and Anastasiya Kazakova of Diplo discuss how cyber threats, AI, and geopolitical tensions are creating new risks for financial institutions and critical infrastructure.They explore the challenges of managing complex technology supply chains, third-party dependencies, and rapidly evolving cyber risks, emphasizing the need for greater operational resilience, continuous oversight, and stronger collaboration between regulators, industry, and technical experts. They also highlight how financial supervisors can better adapt governance and regulatory frameworks to keep pace with technological change.Listen now to gain valuable insights.Guests:Vladimir Radunović, Director, Cybersecurity and Diplomacy, DiploAnastasiya Kazakova, Cyber Diplomacy Knowledge Fellow, Geneva Dialogue Project Coordinator, DiploHost: Vikash Thakoor, Program Director, Toronto CentreRead the transcript. Read their biographies.

Financial stability and national security are becoming increasingly interconnected.In this podcast, Bill Coen, Toronto Centre board member speaks with Tom Keatinge, Founding Director of the Centre for Finance and Security at RUSI, about how geopolitical tensions, state-sponsored financial activity, cyber threats, and emerging technologies are reshaping the supervisory landscape.Their discussion explores why supervisors need to think beyond traditional AML/CTF frameworks, prepare for emerging security threats, and adopt a broader national security perspective in their oversight activities.Listen now to learn more about the changing landscape of financial supervision and national security.Guest:Tom Keatinge, Founding Director, Centre for Finance and Security, Royal United Services InstituteHost: Bill Coen, Board Member and Chair, Finance, Audit and Risk Committee, Toronto CentreRead the transcript. Read their biographies.

In this podcast, Frank Lofranco, Deputy Commissioner, Supervision and Enforcement at the Financial Consumer Agency of Canada, examines the growing importance of consumer protection in today's financial system.He discusses the development of risk-based market conduct supervision, the role of compliance in achieving positive consumer outcomes, and the steps financial institutions can take to build regulatory confidence when introducing innovative products and services. He also shares practical advice for regulators and supervisors responsible for designing and overseeing consumer protection frameworks.Listen now to gain valuable insights.Guest: Frank Lofranco, Deputy Commissioner, Supervision and Enforcement, Financial Consumer Agency of CanadaHost: Anatol Monid, Senior Director, Programs, Toronto CentreListen to the podcast.Read the transcript. Read their biographies.

This new TC Note and podcast examines the role of enforcement powers in effective supervisory intervention. They provide practical guidance on when enforcement action may be warranted, how it can advance supervisory objectives, and what is required to support a credible, transparent, and proportionate enforcement framework.Key topics include:The role of enforcement within the supervisory toolkitCommon enforcement powers available to supervisory authoritiesFactors to consider when deciding whether to take enforcement actionGovernance and process considerations that promote effective outcomesGuest: Clive Briault, Chair, Banking Advisory Board, Toronto CentreHost: Demet Çanakçı, Acting Senior Director, Supervisory Guidance, Toronto CentreRead the transcript. Read their biographies.

As open finance expands, effective oversight and supervision are essential to managing data-sharing risks, maintaining trust, and ensuring financial systems remain safe, competitive, and resilient. Embedding monitoring and supervisory frameworks from the outset can help authorities support innovation while protecting consumers and promoting financial inclusion.In this podcast, the speakers discuss emerging approaches to open finance oversight and supervision. They explore ecosystem-wide oversight, risk-based supervision, operational resilience, performance monitoring, and how financial authorities can build effective frameworks that support innovation, competition, and consumer trust.Guests: Denise Dias, Senior Financial Sector Specialist, CGAPIvo Jeník, Senior Financial Sector Specialist, CGAPRafe Mazer, Director, Fair Finance ConsultingHost: Michel Canta, Program Director, Toronto CentreRead the transcript. Read their biographies.

Part of our Quantum Computing and Financial Supervision podcast series.As quantum computing moves from theory to real-world application, it has the potential to reshape key aspects of financial systems, from risk modelling and analytics to cybersecurity. While large-scale quantum capabilities are still developing, their future ability to compromise existing encryption standards presents a material risk to data security and financial stability.In this three-part series, Jennifer Elliott and Professor Michele Mosca explore what this emerging technology means for the financial sector and how supervisors can begin to prepare. In this final episode, they discuss how financial supervisors can prepare for quantum-related risks, strengthen cryptographic resilience, and build the governance, oversight, and risk management frameworks needed to safeguard the financial system.Guest: Michele Mosca, Professor, Institute for Quantum Computing, University of WaterlooHost: Jennifer Elliott, Assistant Director, Monetary and Capital Markets, IMF; Board Member, Toronto CentreRead the transcript: https://shorturl.at/l0UCSRead their biographies: https://shorturl.at/ZajYU

This TC Note and accompanyng podcast provides practical guidance to supervisors in emerging economies on the role of policyholder protection schemes (PPSs), as climate-related risks are affecting insurer vulnerability and recent events reveal new intracacies about the interaction between catastrophes and insurer failure.Additionally, the Note:Clarifies what PPSs are and describes the global landscapeExplains how climate change affects supervisory assumptionsPresents lessons from recent catastrophe-related casesSuggests supervisory priorities in jurisdictions with and without PPSsGuest: Michael Hafeman, Program Leader, Toronto CentreHost: Mamta Suri, Program Director, Toronto CentreRead the transcript. Read their biographies.

Part of our Quantum Computing and Financial Supervision podcast series.As quantum computing moves from theory to real-world application, it has the potential to reshape key aspects of financial systems, from risk modelling and analytics to cybersecurity. While large-scale quantum capabilities are still developing, their future ability to compromise existing encryption standards presents a material risk to data security and financial stability.In this three-part series, Jennifer Elliott and Professor Michele Mosca explore what this emerging technology means for the financial sector and how supervisors can begin to prepare. Episode two examines how quantum computing could disrupt current encryption standards, putting sensitive data and financial transactions at risk while creating new operational and systemic challenges for the financial sector.Guest: Michele Mosca, Professor, Institute for Quantum Computing, University of WaterlooHost: Jennifer Elliott, Assistant Director, Monetary and Capital Markets, IMF; Board Member, Toronto CentreRead the transcript here. Read their biographies here.Listen to the first episode: Introduction to Quantum and Financial Services.

Alors que le Canada cherche à accroître les investissements durables et à soutenir la transition vers une économie carboneutre, une nouvelle taxonomie de la finance durable vise à fournir un cadre commun pour identifier les activités vertes, de transition et de réduction des émissions. Fondée sur des critères scientifiques, elle vise à améliorer la transparence, réduire l’écoblanchiment et orienter les capitaux vers des solutions climatiques.Dans cet balado, Jean Lorrain s’entretient avec Marlene Puffer, présidente du Conseil canadien de la taxonomie et de la planification de la transition. Ils discutent du cadre proposé, de l’importance de l’harmonisation internationale, du rôle de la taxonomie dans la mobilisation des investissements et la supervision des risques climatiques, ainsi que de sa contribution à l’intégrité des marchés et à la carboneutralité du Canada.Invitée: Marlene K. Puffer, Présidente, Conseil canadien sur la taxonomie et de la transition, Parcours des entreprises de demainAnimateur: Jean Lorrain, Président, Conseil consultatif sur les valeurs mobilières, Toronto CentreLisez la transcription ici. Lisez leurs biographies ici.