Program Agenda TACKLING NEW SUPERVISORY CHALLENGES: FROM FINTECH TO RESOLUTION JUNE 3-8, Location: Toronto, Canada

Transcription

1 Toronto Centre International Program for Banking Supervisors TACKLING NEW SUPERVISORY CHALLENGES: FROM FINTECH TO RESOLUTION JUNE 3-8, 2018 Location: Toronto, Canada Program Agenda

2 TACKLING NEW SUPERVISORY CHALLENGES: FROM FINTECH TO RESOLUTION JUNE 3-8, 2018 Location: Toronto, Canada Sunday, June 3 08:00 Networking Tour to Niagara Falls 18:00 Program Overview, Icebreaker and Welcome Dinner Monday, June 4 08:15 Welcome and Opening Remarks Babak Abbaszadeh, President and CEO, Toronto Centre Group Photograph 08:45 SESSION 1: Banking on Change: Supervisory Challenges, Chair, Banking Advisory Board, Toronto Centre Role and importance of supervisory leadership Implementation of international standards Financial innovations Financial inclusion and gender equality Stress testing Recovery and resolution planning Domestic and international cooperation with other agencies Supervisory perspectives on macroprudential policy measures 10:45 SESSION 2: Group Activity David Scott, Advisor, Toronto Centre Designed to capture what participants assess as the main priorities and supervisory challenges faced in their agencies and their jobs in dealing with regulatory and financial innovations.

3 12:30 Lunch 13:30 SESSION 3: Leadership Skills for Financial Supervisors: Action Planning Demet Canakci, Program Director, Toronto Centre How to analyze a situation and develop a clear and concise statement of a problem How to identify preferred outcomes, develop a goal statement, and consider alternative ways to reach the goal How to develop an action plan, and consider contingencies and how to deal with them How to communicate with key stakeholders Prepare an action plan 15:00 Coffee Break 15:15 SESSION 3 (Cont d): Leadership Skills for Financial Supervisors: Stakeholder Communication Demet Canakci An approach to persuading stakeholders to support your Action Plan options: Analyze stakeholders who are they, what are they likely to like and dislike about your proposal, and what is needed to get their support and/or overcome their resistance Four-box model for effective persuasion and communication How to build a burning platform for change 16:30 Action Planning Participants will start applying the action planning methodology with the assistance of the Program Leaders. The focus will be on understanding the situation and developing a precise definition of the challenge identified. Tuesday, June 5 08:30 SESSION 4: Recovery Planning and Risk Based Supervision Olga Krokhina, Manager, Recovery and Resolution Planning, Office of the Superintendent of Financial Institutions (OSFI), Canada What good recovery plans look like: essential elements Experiences with Canadian banks and supervisory colleges what has gone well and what has gone less well. Nexus between recovery planning and supervision

4 10:45 SESSION 5: Resolution Toolkit and Effective Formulation of Resolution Strategies and Plans Assessing the adequacy of resolution plans Resolution tools o Sale of business o Bridge institutions o Asset separation o Bail-in Triggers for resolution Choice of resolution tools Total loss absorbing capacity (TLAC) Constraints inherent in jurisdictions where there is a limited debt funding market for banks 12:30 Lunch 13:30 SESSION 6: Resolution Strategies and Plans: Group Activity Designed to highlight the critical importance of effective resolution planning at the cross-border level. 15:15 Coffee Break 15:45 SESSION 6 (Cont d): Resolution Strategies and Plans: Group Activity 16:30 Action Planning Participants will continue to work on their Action Plans with the assistance of the Program Leaders. The focus will be on setting goals and outlining their plans.

5 Wednesday, June 6 08:30 SESSION 7: FinTech: Supervisory Issues and Responses Denise Dias, Consultant and Program Leader, Toronto Centre. Harnessing benefits, minimizing risks Impacts on financial inclusion and stability Regulatory and supervisory approaches to FinTech Supervisory sandboxes Regtech and Suptech 10:45 SESSION 8: Cyber-Security: Supervisory Approaches 1 Filipe Dinis, Chief Operating Officer, Bank of Canada 12:00 Lunch 13:00 SESSION 9: Cyber-Security: Case study Abhilash Bhachech, Consultant and Program Leader, Toronto Centre. 15:00 Coffee Break 15:15 SESSION 10: The Post-Crisis Reforms: Implementation challenges Stefan Hohl, Senior Advisor, Financial Stability Institute, BIS Key outline and achievements of the supervisory architecture post-crisis Implementation issues for emerging market economies (EMDEs) Adapt or adopt? How should EMDEs approach the implementation of the post-crisis reforms? Supervisory interactions and the case for international coordination and cooperation 16:30 A SPECIAL SESSION on BLOCKCHAIN 2 Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World? Alex Tapscott, co-founder the Blockchain Research Institute, author and advisor. 17:30 Action Planning Participants continue to work on their Action Plans. Focus will be on completing the details of the plan to address the challenges identified, analyzing stakeholders and defining the communication strategy to gain support. 1 The session is closed to media and the remarks are off the record. 2 Participants will receive the blockchain revolution book signed by the co-author Alex Tapscott.

6 Thursday, June 7 08:30 SESSION 11: Macro-Prudential Policy Identifying Risks to Financial Stability Systemic risk, contagion and interconnection effects Macroprudential Policy and Tools Group activity: Relationship between Macro- and micro- level prudential supervision 10:45 SESSION 12: Stress Testing Design and Implementation Challenges Objectives of Stress Testing What do supervisors want to do and what do we expect regulated firms to be doing themselves? Calibrating and running a stress test 12:30 Lunch 13:30 SESSION 13: Crisis preparedness: Contingency and Crisis Management Planning and David Scott Key elements of crisis preparedness Inter-agency contingency plans Simulating crises to test readiness Updating legal powers, resources and crisis planning. 15:15 Coffee Break 15:30 SESSION 13 (Cont d): Crisis preparedness: Contingency and Crisis Management Planning and David Scott 16:30 Action Planning Participants will finalize their action plans for presentation on Friday.

7 Friday, June 8 08:30 Panel Discussion on FinTech, the post-crisis reform agenda, cyber-security, recovery & resolution plans, macro-prudential policy, stress testing and crisis preparedness: Q & A, David Scott, Abhilash Bhachech, Stefan Hohl, Ohad Lederer (OSFI, Director) Participants to submit questions during the week. 10:00 Coffee Break 10:15 Action Plan Presentations by Participants Participants will present their Action Plans to the group and receive feedback from the Program Leaders and colleagues. 12:15 Closing Ceremony and Certificate Presentation 13:00 Lunch followed by Discover Toronto tour 18:30 Farewell Dinner at CN Tower