Toronto Centre announces Centre of Excellence in Crisis Preparedness

KUALA LUMPUR, March 27 -- The Toronto Centre has announced its Centre of Excellence in Crisis Preparedness (CECP) to strengthen supervisor and regulator crisis management response.

“Toronto Centre is a global leader in crisis preparedness training for financial supervisors and regulators. The impact of COVID-19 on the global economy and financial systems reinforces the need for our Centre of Excellence,” said Toronto Centre chief executive officer and president, Babak Abbaszadeh.

Since the 2008 financial crisis, the Toronto Centre has trained over 3,600 financial supervisors and regulators in crisis preparedness in over 120 crisis preparedness simulation programmes worldwide, focusing on developing countries and emerging markets.

Last year, Toronto Centre delivered the first-ever regional multi-jurisdiction virtual real-time crisis simulation exercise. CECP provides simulation-based bespoke crisis management training for supervisors and regulators.

In the face of current uncertainties, the Centre’s alumni are better prepared to deal with the unanticipated global crisis of COVID-19, according to a statement.

CECP facilitates the organisation’s network of global industry experts in the delivery of high-quality programming and publications, providing action-oriented training for supervisors and regulators’ increasing preparedness in responding to emergency events.

A new generation of real-time simulations will help to prepare participants in managing the financial sector implications of cyberattacks, pandemics and climate change events, ranging from national to global contagion scenarios.

More details at www.torontocentre.org.

-- BERNAMA