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World bankers conference held on future of banking supervision

Updated: Mar 24, 2021


Office of the Superintendent of Financial Institutions
Discussion covered the digitalisation of finance and the evolution of banking models, operational resilience, climate-related financial risks and remote working arrangements. PHOTO: ImageCollab

Approximately 450 senior banking supervisors and central bankers representing close to 100 countries took part in the 21st International Conference of Banking Supervisors from 19 to 22 October. The conference, hosted virtually by the Office of the Superintendent of Financial Institutions (OSFI), an independent agency of the Government of Canada, and the Bank of Canada, focused on the future of banking supervision in a changing world.

Discussions covered the digitalization of finance and the evolution of banking models, operational resilience, climate-related financial risks and remote working arrangements. It was the first time the Basel Committee on Banking Supervision, the primary global standard setter for regulation of banks, has worked with a host country to offer a completely virtual conference.