ADB Financial Regulators Training Initiative FRTI

Context:
The Asia-Pacific Economic Cooperation (APEC) Finance Ministers endorsed the establishment of the APEC Financial Regulators Training Initiative (FRTI) in May 1998 to strengthen financial supervision and regulation in the region by enhancing the analytical and technical capacity of bank supervisors and securities regulators. The APEC FRTI provides a sustainable, efficient, cost-effective training structure for the junior and mid-level staff of financial supervisory and regulatory agencies and stock and derivative exchanges.

ADB APEC FRTI

Since 2014, PHB has served as a primary resource for ADB APEC FRTI activities to build capacity for regulators in the field of emerging digital financial services, mobile money, cryptocurrency and other emerging fintech policy areas.  This 5-day training seminar FRTI, hosted by the Financial Supervisory Commission of the Cook Islands, brought together mid-level policymakers from other regulators including Samoa, Tonga, Fiji, Solomon Islands, Vanuatu, Taiwan and Cambodia.

Objectives:
To serve as the primary resource person and facilitator to finalize the agenda and sessions to support the participants in these learning objectives:

1. Define the various types of models for mobile financial services, mobile money products and delivery channels.
2. Compare mobile financial services transactions and services.
3. Assess the adequacy of the provider’ systems to manage the risks associated with customers, including managements’ ability to implement effective monitoring and reporting systems.
4. Understand the supervisory process for digital financial services and assess the money laundering and terrorist financing risks associated with emerging technologies.
5. Outline the regulatory architecture including the regulatory sandbox required to support DFS.
6. Understand Blockchain, DLT and its principal application and regulatory implication.

Deliverables:
Delivery of sessions and exercises in the area of e-money and e-money issuer supervision, mobile banking payments and risks,  E-channel risk and reconciliation systems,  regtech applications and approaches,  financial inclusion use cases and ways to assess and develop an enabling regulatory framework for digital finance.

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