The Board of Directors of Toronto Centre for Global Leadership in Financial Supervision (Toronto Centre) is pleased to announce the appointment of Mr. Stefan Ingves as Chair of Toronto Centre.
Mr. Ingves is Governor of the Central Bank of Sweden (the Riksbank) and Chair of the Basel Committee on Banking Supervision. He is also a member of the General Council of the European Central Bank (ECB), the General Board of the European Systemic Risk Board (ESRB), the Board of Directors of the Bank for International Settlements (BIS) and the Board of Governors of the International Monetary Fund (IMF). He has been a member of Toronto Centre’s Board of Directors since 1999.
With the retirement of the current Chair, Mr. John Palmer, former Superintendent of Financial Institutions Canada, the appointments of Mr. Ingves will ensure continuity of Toronto Centre’s mission to deliver high-quality, capacity-building programs in partnership with international central banks and financial regulatory and supervisory agencies to promote financial stability and financial inclusion. In his new role, he will work closely with Mr. Babak Abbaszadeh, President and Chief Executive Officer of the Toronto Centre.
Established in 1998, Toronto Centre is an independent not-for-profit organization that strengthens the capacity of financial supervisors and regulators, primarily in emerging markets and developing countries to promote financial stability and financial inclusion. Toronto Centre is primarily supported by Global Affairs Canada, the Swedish International Development Cooperation Agency, the IMF, and other valuable international partners.