This was an official virtual side-event of the 4th International Conference on Financing for Development.

This executive-level panel explored adapting supervision and regulatory frameworks to keep pace with rapid technological change, and the role of central banks and supervisors in accelerating the Global Sustainable Development agenda. The conversation highlighted the urgent need for coordinated global approaches and how combatting financial crime, and the illicit flow of finances is foundational for a stable digital financial ecosystem. Robust regulatory action can both harness the power of emerging technology and ensure that financial crime does not undermine our progress toward the Sustainable Development Goals.

Key themes include:

• Building supervisory capacity to respond to fast-moving fintech and AI innovation without reversing financial inclusion gains
• Cyber resilience and combating financial crime as a prerequisite for achieving sustainable development
• Strengthening the financial sector’s role in supporting climate and sustainability goals

Opening Remarks:

Deputy Ian Gorst, Minister for External Relations, Government of Jersey

Panelists:

Socorro Heysen, Board Member, Toronto Centre; Former Superintendent, Banks, Insurance, and Pension Fund Administrators, Peru

Hunter Sims, Associate Director of Business & Operations, Cambridge Centre for Alternative Finance

Tamara Cook, CEO, Financial Sector Deepening Kenya

Olaf Weber, Professor & CIBC Chair in Sustainable Finance, Schulich School of Business

Moderator:

Babak Abbaszadeh, President and CEO, Toronto Centre

Read their biographies here.