Toronto Centre

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Toronto Centre for Global Leadership in Financial Supervision
AbbreviationToronto Centre
Formation1998
FounderGovernment of Canada, World Bank Group, Schulich School of Business
TypeNon-profit organization
Legal statusActive
PurposeFinancial supervision training, financial stability, crisis preparedness, and financial inclusion
HeadquartersToronto, Ontario, Canada
Region served
Worldwide
Official language
English
CEO
Babak Abbaszadeh
AffiliationsInternational Monetary Fund, World Bank Group, Financial Action Task Force, International Organization of Securities Commissions, International Association of Insurance Supervisors

The Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) provides training focused on strengthening financial stability, crisis preparedness, and financial inclusion for financial sector regulators and supervisors with in emerging markets and developing economies[1]. Its work aligned to broader global priorities such as United Nations Sustainable Development Goals.

The organization's founding members include the International Monetary Fund, World Bank Group and the Schulich School of Business at York University[2]. Toronto Centre’s current CEO is Babak Abbaszadeh.

History

Toronto Centre is an independent not-for-profit established in 1998 by the Government of Canada (through the Canadian International Development Agency (CIDA) and Finance Canada), the World Bank Group, and the Schulich School of Business at York University.

The organization was created in the aftermath of the 1997 Asian Financial Crisis to increase effective financial regulation and supervision to promote financial stability and prevent future crisis. Its training and programs target financial regulators, supervisors, and authorities responsible for consumer protection and failure resolution in emerging markets and developing economies.

Toronto Centre reports to have trained over 32,000 central bankers, financial supervisors, and regulators from over 190 jurisdictions[3].

Organizational Expertise

Toronto Centre’s primary focus is the advancement of risk-based supervision. The organization's curriculum includes themes[4] such as climate risk[5], financial stability[6] combatting financial crime (AML/CTF/CPF)[7][8], SupTech and RegTech[9], and financial inclusion. Toronto Centre delivers its programs through National Financial Regulators[10].

Implementing Partner to Global Financial Standard Setters

Toronto Centre is a noted partner of Canadian Agencies OSFI[11] and Finance Canada, as well as a partner to International Standard Setters. Toronto Centre operate both bilaterally and multilaterally as demonstrated by their history collaborating with the Financial Action Task Force and its FATF Style Regional Bodies,[12] The International Organization of Securities Commissions (IOSCO),[13] International Association of Insurance Supervisors (IAIS)[14], and the Network for Greening of the Financial System (NGFS)[15]. The organization routinely holds events in partnership with the IMF at their Annual Spring and Fall Meetings.

Governance and Leadership

Toronto Centre’s Board is comprised of a number of government, multilateral and financial sector stakeholder and includes:

Toronto Centre Board Members
Name Time on Board
Stefan Ingves 1999 – present
Marie-Lucie Morin] 2022[16] – present
Bill Coen 2019[17] – present
Elsie Addo Awadzi 2023[18] – present
Timothy N. J. Antoine 2023[19] – present
Julien Brazeau 2025[20] – present
Barry Campbell 2016[21] – present
Jennifer Elliott 2022[22] – present
Socorro Heysen 2019 – present
Dezsö J. Horváth 1998 – present
Jean Pesme 2024[23] – present
Carolyn Rogers 2022[24] – present
Erik Thedéen 2024 – present

Former Toronto Centre Board Members

Grahame Johnson[25] John Palmer[26][27] John Heimann[28]
Aurora Ferrari Ruth de Krivoy Michael Mackenzie
Peter Routledge Alvir Hoffmann David Winfield
Maureen Jensen David Scott Ian Bennett
Aditya Narain Jonathan L. Fiechter Tony Maxwell
Jeremy Rudin William Ryback Bronwyn Best
Dina Palozzi Goran Lind Paul Cantor
Ceyla Pazarbasioglu Fred Gorbet Washington SyCip
Michael Hafeman Cheng Hoon Lim Jeff Nankivell
Clive Briault Brian Quinn Al Litvak
Andrea M. Corcoran Cedric E. Ritchie Lajos Bokros
Julie Dickson Gloria M. Grandolini Manuel Guitian

Founders and Funders

According to annual reports from the organization, Toronto Centre receives funding primarily from international development aid agencies. Most recently, Toronto Centre has received funding from Global Affairs Canada[29][30], Sida[31], Jersey Overseas Aid[32], IMF, the UN Capital Development Fund, Singapore Cooperation Programme[33], and The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).[34][35][36]

References

  1. ↑ "About Us".
  2. ↑ "History".
  3. ↑ https://torontocentre.org/images/program_catalogue/2025-Program-Catalogue.pdf
  4. ↑ https://www.torontocentre.org/images/program_catalogue/2025-Program-Catalogue.pdf
  5. ↑ "ECCB and Toronto Centre Lead Workshop on "Coping with Climate Change and Other Environmental Risks"".
  6. ↑ https://www.seacen.org/event_details.php?eventcode=79&utm_source=chatgpt.com
  7. ↑ https://www.jerseyfsc.org/media/8215/2024-annual-report.pdf?utm_source=chatgpt.com
  8. ↑ "Regional Financial Crime Supervision Programme strengthens collaboration". 26 November 2024.
  9. ↑ https://documents1.worldbank.org/curated/en/612021529953613035/pdf/127577-REVISED-Suptech-Technology-Solutions-for-Market-Conduct-Supervision.pdf?utm_source=chatgpt.com
  10. ↑ https://www.mas.gov.sg/-/media/MAS/About-MAS/Reporting/Annual-Reports/Past-AR-PDF/20142015.pdf?utm_source=chatgpt.com
  11. ↑ "Information archivée dans le Web" (PDF).
  12. ↑ "TORONTO CENTRE AND GIABA ANNOUNCE THE SIGNING OF A MOU". www.giaba.org. Retrieved 2026-03-20.
  13. ↑ "IOSCO".
  14. ↑ "Implementation partners".
  15. ↑ https://www.ngfs.net/system/files/import/ngfs/medias/documents/ngfs_ar2023_en.pdf
  16. ↑ "Marie-Lucie Morin". The Globe and Mail. 2022-11-30. Retrieved 2025-10-01.
  17. ↑ "Bill Coen". 2 February 2023.
  18. ↑ "BOARD APPOINTMENT – ELSIE ADDO AWADZI". www.torontocentre.org. Retrieved 2025-10-01.
  19. ↑ "Opinion: How my central bank tackled Hurricane Beryl, and why this matters". The Globe and Mail. 2024-07-10. Retrieved 2025-10-01.
  20. ↑ "Toronto Centre for Global Leadership in Financial Supervision announces the appointment of Mr. Julien Brazeau as the Government of Canada's representative on its board of directors. – the Hill Times Careers".
  21. ↑ Centre, Toronto. "Toronto Centre for Global Leadership in Financial Supervision Welcomes Barry Campbell to its Board of Directors". www.newswire.ca. Retrieved 2025-10-01.
  22. ↑ "Jennifer Elliott - Agenda Contributor".
  23. ↑ "Jean Pesme".
  24. ↑ "Carolyn Rogers". The Globe and Mail. 7 June 2022.
  25. ↑ "Toronto Centre for Global Leadership in Financial Supervision announce appointment of Mr. Grahame Johnson as the Government of Canada representative on the board of directors – The Hill Times Careers". Retrieved 2025-10-01.
  26. ↑ "Mr. John Palmer". The Governor General of Canada. Retrieved 2025-10-01.
  27. ↑ "John Palmer". The Hill Times. Retrieved 2025-10-01.
  28. ↑ "Tribute to John Heimann". www.torontocentre.org. Retrieved 2025-10-01.
  29. ↑ Canada, Global Affairs (2017-01-21). "Project profile — Toronto Centre - Strengthening financial sector supervision and regulation – 2024 to 2028 — Project Browser". w05.international.gc.ca. Retrieved 2025-10-01.
  30. ↑ Canada, Global Affairs (2024-10-26). "Minister Hussen announces support for financial stability in developing countries at the 2024 Annual Meetings of the International Monetary Fund and the World Bank Group". www.canada.ca. Retrieved 2025-10-01.
  31. ↑ "Toronto Centre 2020-2026". Openaid. Retrieved 2025-10-01.
  32. ↑ "Financial Inclusion | Jersey Overseas Aid Commission". joa.je. Retrieved 2025-10-01.
  33. ↑ "Singapore Cooperation Programme supports Africa's development through partnerships and knowledge exchange | Singapore Cooperation Programme posted on the topic". LinkedIn. Retrieved 2026-03-20.
  34. ↑ "Publish Online". indd.adobe.com. Retrieved 2025-10-01.
  35. ↑ "Publish Online". indd.adobe.com. Retrieved 2025-10-01.
  36. ↑ "Publish Online". indd.adobe.com. Retrieved 2025-10-01.

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