Demet CANAKCI

Acting Senior Director, Supervisory Guidance | Toronto Centre

[IMF @IMFNews]

IMF DMD Li: Thank you Gov. Kazimov & @Central_Bank_AZ for hosting today’s critical discussion on the Global Financial System: Scaling Up Financing for Climate Action. I was pleased to speak alongside my esteemed colleagues from @WorldBank @EBRD @ADB_HQ @_TorontoCentre. #COP29

[Toronto Centre @_TorontoCentre]

On October 16, 2024, Stefan Ingves, Board Chair, Toronto Centre and former Governor, @riksbanken, delivered the keynote address at the @ASBAnews High-Level Meeting on Banking Supervision for Improving Supervisory Processes.

Read the keynote address here: https://t.co/b5srGPtWSu

[Toronto Centre @_TorontoCentre]

We are pleased to be included in the European Microfinance Platform's (@e_MFP) Members' Spotlight 2024.

Read the report to learn what we and our colleagues are doing to advance financial inclusion for refugees and forcibly displaced people.

Read here: https://t.co/LCFOHhuxfO

[Central Bank of Rwanda @CentralBankRw]

Earlier today on the sidelines of the IMF WBG Annual Meetings, Governor @rwangombwajRW attended the executive panel on “ The Rise of AI: Transforming Financial Markets and Supervision” where he shared Rwanda’s experience on how technology such as AI is helping to break down barriers to financial inclusion, specific challenges and risks associated with AI adoption in the financial sector and how our central bank is addressing them.

[Bank for International Settlements @BIS_org]

The 2023 BIS survey on #CBDC and #crypto reveals a sharp uptick in experiments and pilots with wholesale CBDCs. Medium-term issuance is now more likely for wholesale than for retail CBDC https://t.co/Un9O65FejV

[Toronto Centre @_TorontoCentre]

We were delighted to meet with a delegation from the Indonesian Banking Development Institute (LPPI) and Mrs. Dyah Lestari Asmaranithe, Consul General of the Republic of Indonesia in Toronto.

The LPPI were here for an international benchmarking visit with Canadian organizations.

[Toronto Centre @_TorontoCentre]

Congratulations to Toronto Centre board member Erik Thedéen, Governor of the @riksbanken, on his appointment as the new Chair of the Basel Committee on Banking Supervision.

Read the press release here: https://t.co/CmSw5ujX77

[Mohamed A. El-Erian @elerianm]

From @TheEconomist.

#economy #markets #debt #growth #econtwitter

[Bank of Canada @bankofcanada]

Explore the evolution of money 💸💳📲

Check out this explainer to learn about the rise of digital money and our role in promoting safe and efficient payment systems.

https://t.co/mI3hTAjbnK

#cdnecon #economy

[Central Bank of Rwanda @CentralBankRw]

🌍 Rwanda is stepping into the future! 🚀

The National Bank of #Rwanda is exploring a Central Bank Digital Currency (CBDC) that promises to revolutionize our financial system.

What are your thoughts on moving towards digital currency? Read the full report (https://t.co/mg3mk8MzOD) & share your thoughts 💭📲

#YourFeedbackMatters #BNREngage #RwandaCBDC #DigitalFuture #Innovation #Finance #KnowYourCentralBank #YourOpinionCounts

[Central Bank of Rwanda @CentralBankRw]

On the sidelines of the #IMFMeetings, @_TorontoCentre organized a Breakfast roundtable discussion on the theme: Bridging the Blended Finance Gap: What Role for supervisors and regulators?

The conversation focused on what policy makers, supervisors and other stakeholders can do to scale up blended finance especially for emerging markets and developing economies.

Governor @rwangombwajRW appreciated the role of #BlendedFinance in bridging the gap in #SDG financing, and also shared #Rwanda-s success with ERF 2 and the Sustainability Linked Bond, emphasizing the resulting lowered lending costs. He however warned against relaxing prudential requirements, stressing the need to safeguard #FinancialStability.

[Toronto Centre @_TorontoCentre]

We are excited to announce the addition of Datuk Abdul Rasheed Ghaffour, Governor, @BNM_official, to our executive panel session at the 2024 @IMFNews and @WorldBank Spring Meetings: "Combatting Financial Crime in a Digital Age"

RSVP now: https://t.co/jrjUp83pKC

[Toronto Centre @_TorontoCentre]

Our Executive Panel Session on Combatting Financial Crime in a Digital Age at the 2024 @IMFNews and @WorldBank Spring Meetings featuring speakers from @BNM_official, @FATFNews, @BIS_org, and @IMFNews is just over two weeks away.

Register now: https://t.co/jrjUp83pKC

[Toronto Centre @_TorontoCentre]

Yesterday, Toronto Centre hosted the launch of its new Effective Supervision program. This advanced-level program is the first Level 2 course in our Certified Financial Supervisor (CFS) designation.

Learn more about our CFS designation here: https://t.co/qTfwgamKrh

[Mohamed A. El-Erian @elerianm]

Thank you @KobeissiLetter.
Such numbers were thought unlikely not so long ago. The trends are being repeated elsewhere, in both advanced and developing countries. And the prospects for avoiding significant economic and financial damage are even more critically dependent on generating high, durable, more inclusive and sustainable growth.
#economy #debt #markets #EconTwitter

[Mohamed A. El-Erian @elerianm]

.#Markets are now pricing in two 25-basis-point cuts by the #FederalReserve, having started the year much closer to seven cuts.
Notably, this significant repricing has occurred while the S&P has gained 9%, reflecting the power of the two drivers—one bottom-up and the other top-down—that we have discussed previously.
Also notable: More economists are now suggesting that the @ECB may cut more than the #Fed this year.
#economy #markets

[Superintendent of Financial Institutions @OSFICanada]

Just like a soccer referee, we have our own versions of yellow and red cards. 🟥⚽️

Uncover the similarities between prudential supervision and a high-stakes soccer match in this article: https://t.co/towIDuK2cW

[Ceyla Pazarbasioglu @CeylaP_IMF]

We were happy to host @martinwolf_ to discuss Current Challenges and the Road Ahead on sovereign debt, covering liquidity vs. solvency challenges, restructuring cases, and policy discussions at the G20 and Global Sovereign Debt Roundtable. Watch here: https://t.co/bytSSi5bjN

[IOSCO Press @IOSCOPress]

IOSCO is delighted to welcome new affiliate member @FIABnet into the IOSCO AMCC family. Their inclusion underscores our commitment to expanding and diversifying our membership base, enriching our collective knowledge and expertise for the benefit of the financial community.
#AMCC

[Toronto Centre @_TorontoCentre]

Simultaneous Spanish translation will be available for Toronto Centre and @medadotorg's #idw2024 virtual panel session on "Agricultural and Financial Systems’ Adaptation to Climate Change"

Register now: https://t.co/RfBM6gG6t3

@CanadaDev #GoForTheGoals