{"id":24153,"date":"2020-03-26T13:05:32","date_gmt":"2020-03-26T13:05:32","guid":{"rendered":"http:\/\/pr.asianetpakistan.com\/?p=60143"},"modified":"2020-03-26T13:05:32","modified_gmt":"2020-03-26T13:05:32","slug":"announcing-centre-of-excellence-in-crisis-preparedness","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/announcing-centre-of-excellence-in-crisis-preparedness\/","title":{"rendered":"Announcing Centre of Excellence in Crisis Preparedness"},"content":{"rendered":"
TORONTO, March 26, 2020 (GLOBE NEWSWIRE) — <\/strong>Since the 2008 financial crisis, Toronto Centre has trained over 3,600 financial supervisors and regulators in crisis preparedness in over 120 crisis preparedness simulation programs worldwide, with a focus on developing countries and emerging markets. In 2019, Toronto Centre delivered the first-ever regional multi-jurisdiction virtual real-time crisis simulation exercise. Toronto Centre\u2019s Centre of Excellence in Crisis Preparedness<\/em> (CECP) provides simulation-based bespoke crisis management training for supervisors and regulators.<\/p>\n In the face of current uncertainties, the Centre\u2019s alumni are better prepared to deal with the unanticipated global crisis of COVID-19.<\/p>\n The Centre of Excellence in Crisis Preparedness <\/em>facilitates the organization\u2019s network of global industry experts in the delivery of high-quality programming and publications. The CECP provides action-oriented training for supervisors and regulators\u2019 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. Future participants will be equipped with core crisis response tools to effectively assess and respond to crisis events. A focus on leadership skills such as business continuity planning, communication, coordination and issue management among financial safety net participants ensures our alumni are ready to lead in a crisis.<\/p>\n \u201cFinancial supervisors and regulators have to prepare well on how to deal with a crisis before it happens, even if it may not be possible to predict the source of the problem. The rapidly evolving situation of the COVID-19 pandemic is one example.\u201d<\/em><\/p>\n \u2013 Dr. Stefan Ingves, Chair, Toronto Centre Board of Directors; Governor, Central Bank of Sweden<\/p>\n \u201cI had the honour of participating as a role player in one of Toronto Centre\u2019s crisis simulation programs.\u00a0As a former elected member of the Canadian government, I know that this training is invaluable to all who have a financial stability mandate<\/em>. Given today\u2019s global uncertainties with COVID-19, Toronto Centre\u2019s role is more important than ever.\u201d<\/em><\/p>\n \u2013 Barry Campbell, Toronto Centre Board Member; Former Parliamentary Secretary to the Minister of Finance (Canada)<\/p>\n \u201cThe creation of Centre of Excellence for Crisis Preparedness was a natural evolution for us. 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.\u201d<\/em><\/p>\n \u2013 Babak Abbaszadeh, CEO and President, Toronto Centre<\/p>\n