INTERNATIONAL BANKING AND FINANCE INSTITUTE

Transcription

1 INTERNATIONAL BANKING AND FINANCE INSTITUTE SEMINARS 2016

2

3 Contents Foreword 1 Planning 2 to 5 Seminar descriptions 7 to 33 IBFI s activities 35 Practical information 37 Banque de France Directorate Economics and International and European Relations International Banking and Finance Institute IBFI Phone: Contact: ibfi@banque-france.fr

4

5 2016 Seminars International Banking and Finance Institute 1 Foreword The Banque de France has a long-standing tradition of external cooperation. Its main channel for this cooperation is the International Banking and Financial Institute (IBFI). As of end-2015, IBFI s scope of activity will be extended beyond training to include technical cooperation activities: short- and long-term assignments, international cooperation projects, twinning programmes, and most of the study visits by foreign delegations. In order to strengthen these synergies, IBFI is henceforth attached to the Economics and International and European Relations Directorate (DERIE) whose experience and knowledge of international matters are a precious asset. Being part of this Directorate will allow IBFI to better meet the training and technical cooperation needs identified with its partners. In order to enable IBFI to carry out its activities that generally take place in Paris, it has been relocated to the headquarters of the Banque de France to improve its interactions with the other units of the Bank. Against the backdrop of these changes, we are pleased to present to you IBFI s catalogue of seminars for These seminars are a key aspect of cooperation with other central banks and supervisory authorities and take account of newly identified needs. In this respect, we are offering four new seminars in 2016: Risk-based supervision (joint seminar with the International Monetary Fund); Stress testing (joint seminar with the Federal Reserve Board); Financial stability and macroprudential policies of central banks; Anti-money laundering. In all of its seminars, IBFI organises forums and discussions. Experts and participants share best practices and present the situation in their countries. This active participation together with the high level of expertise of our trainers make our seminars an effective and unique tool. Bruno Cabrillac Director of Economics and International and European Relations Jean-Luc Quémard Head of the International Banking and Finance Institute

6 2 International Banking and Finance Institute 2016 Seminars Planning Seminars Language Duration (days) Introduction to DSGE models, level 1 English 5 Corporate rating/credit risk assessment by a central bank French/English 4 International economics and international relations in a central bank English 3 Risk-based supervision (joint seminar with the International Monetary Fund) French 5 Legal experts and financial crises: prevention, management, resolution French/English 4 Financial risk management in a central bank French/English 4 Central bank accounting and budget management (joint seminar with the Central Bank of West African States) French/English 2 Financial consumer protection French/English 5 Financial stability policy of central banks (joint seminar with the Joint Vienna Institute) English 5 Financing the economy and financial inclusion in the Euro-Mediterranean Area (joint seminar with the World Bank Group and the Center for Mediterranean Integration) French/English 2 Stress testing (joint seminar with the Federal Reserve Board) French/English 5 Payment systems and market infrastructures French/English 4 Workshop Heads of Human Resources: management and training French/English 3 Unconventional monetary policies French/English 2 Internal audit and risks management in a central bank French/English 4 The use of DSGE models for policy analysis, level 2 English 5 Financial stability and macroprudential policies of central banks French/English 4 Anti-money laundering French/English 4 Back office operations French/English 4 Categories Monetary policy Prudential regulation and supervision Central bank governance Financial stability Markets and operations

7 2016 Seminars International Banking and Finance Institute 3 Date Location Apply before January Paris 18 November 2015 Dsge p February Paris 2 December 2015 Rating2016 p February Paris 8 December 2015 IR2016 p February Paris By invitation Riskbased16 p March Paris 8 January 2016 Legal2016 p March 1 April Paris 29 January 2016 Marketrisk16 p April Dakar 6 February 2016 Compta2016 p April Paris 11 February 2016 Consumer2016 p May Vienne 14 February 2016 FinStab2016 p May Marseille By invitation Euromed2016 p September Paris 12 July 2016 Stresstest16 p September Paris 20 July 2016 Payments2016 p September Paris By invitation HR2016 p September Paris 29 July 2016 Monpol2016 p October Paris 4 August 2016 Audit2016 p October Paris 17 August 2016 Dsge p November Paris 7 September 2016 FinStabParis p November 1 December Paris 28 September 2016 AML2016 p December Paris 13 October 2016 Backoffice16 p. 33

8 4 International Banking and Finance Institute 2016 Seminars Planning January February March April May June F 1 M 1 Tu 1 Su 1 W 1 Sa 2 W 2 Sa 2 M 2 Th 2 Su 3 Corporate rating/credit risk Th 3 Su 3 Tu 3 F 3 assessment by M 4 F 4 M 4 W 4 Sa 4 a central bank Tu 5 Sa 5 Tu 5 Th 5 Su 5 W 6 Sa 6 Su 6 Central bank F 6 M 6 accounting and Th 7 Su 7 M 7 budget management Sa 7 Tu 7 F 8 International Legal experts and F 8 Su 8 W 8 economics and Sa 9 financial crises: international relations Sa 9 M 9 Th 9 prevention, Su 10 in a central bank management, Su 10 Tu 10 F 10 M 11 Th 11 resolution W 11 Sa 11 Tu 12 F 12 Sa 12 Th 12 Su 12 W 13 Sa 13 Su 13 Financial consumer protection F 13 M 13 Th 14 Su 14 M 14 Sa 14 Tu 14 F 15 M 15 Tu 15 Su 15 W 15 Sa 16 Tu 16 W 16 Sa 16 Th 16 Su 17 W 17 Th 17 Su 17 F 17 Financial Th 18 F 18 M 18 stability policy Sa 18 of central banks F 19 Sa 19 Tu 19 Su 19 Introduction to DSGE models, Sa 20 Su 20 W 20 M 20 level 1 Su 21 M 21 Th 21 Sa 21 Tu 21 Tu 22 F 22 Su 22 W 22 Sa 23 W 23 Sa 23 M 23 Th 23 Su 24 Risk-based supervision Th 24 Su 24 Tu 24 F 24 M 25 F 25 M 25 Financing the economy Sa 25 and financial inclusion Tu 26 Sa 26 Tu 26 (Euro-Mediterranean Area) Su 26 W 27 Sa 27 Su 27 W 27 F 27 M 27 Th 28 Su 28 M 28 Th 28 Sa 28 Tu 28 F 29 M 29 F 29 Su 29 W 29 Financial risk Sa 30 management in Sa 30 M 30 Th 30 Su 31 a central bank Tu 31 Categories Monetary policy Prudential regulation and supervision Central bank governance Financial stability Markets and operations

9 2016 Seminars International Banking and Finance Institute 5 July August September October November December F 1 M 1 Th 1 Sa 1 Tu 1 Sa 2 Tu 2 F 2 Su 2 W 2 F 2 Su 3 W 3 Sa 3 M 3 Th 3 Sa 3 M 4 Th 4 Su 4 F 4 Su 4 Tu 5 F 5 M 5 Internal audit and risks Sa 5 M 5 management in W 6 Sa 6 Tu 6 Su 6 Tu 6 a central bank Th 7 Su 7 W 7 W 7 F 8 M 8 Th 8 Sa 8 Financial stability and macroprudential Th 8 policies of Sa 9 Tu 9 F 9 Su 9 F 9 central banks Su 10 W 10 Sa 10 M 10 Sa 10 M 11 Th 11 Su 11 Tu 11 F 11 Su 11 Tu 12 F 12 W 12 Sa 12 M 12 W 13 Sa 13 Th 13 Su 13 Th 14 Su 14 Stress testing F 14 M 14 F 15 M 15 Sa 15 Tu 15 Sa 16 Tu 16 Su 16 W 16 Su 17 W 17 Sa 17 Th 17 Sa 17 M 18 Th 18 Su 18 The use of DSGE F 18 Su 18 models for Tu 19 F 19 M 19 policy analysis, Sa 19 M 19 W 20 Sa 20 level 2 Su 20 Tu 20 Th 21 Su 21 Payment systems M 21 W 21 and market F 22 M 22 infrastructures Sa 22 Tu 22 Th 22 Sa 23 Tu 23 Su 23 W 23 F 23 Su 24 W 24 Sa 24 M 24 Th 24 Sa 24 M 25 Th 25 Su 25 Tu 25 F 25 Su 25 Tu 26 F 26 Workshop Heads W 26 Sa 26 M 26 W 27 Sa 27 of Human Resources: management and Th 27 Su 27 Tu 27 Th 28 Su 28 training F 28 W 28 F 29 M 29 Unconventional Sa 29 Anti-money laundering Th 29 Sa 30 Tu 30 monetary policies Su 30 F 30 Su 31 W 31 M 31 Sa 31 Back office operations

10

11 2016 Seminars International Banking and Finance Institute 7 Monetary policy

12 International Banking and Finance Institute 2016 Seminars 8 Introduction to DSGE models Level January 2016 Persons in charge: Michel Juillard Louis Bê Duc Objective This seminar is the first part of a two-session course on Dynamic stochastic general equilibrium (DSGE) models. Dynamic stochastic general equilibrium (DSGE) models are essential tools for the assessment of the macroeconomic impact of monetary and fiscal policy made by central banks and international institutions such as the IMF. They are currently used for macroeconomic forecasting. This seminar will be organised and run by Michel Juillard, Banque de France advisor and developer of the Dynare Project, as well as by other Banque de France economists experts in modeling. Participants This seminar is intended for central bank economists working in the field of macroeconomics and monetary policy. Participants will have prerequisite in economic modeling: academic training (PhD in economics, possibly Master only if relevant experience); actual experience for several years in economic modeling; prior knowledge of Matlab or Octave software will be appreciated. A detailed CV is required. Content Duration 5 days Apply before 18 November 2015 Language English Venue Paris Contacts Michel Juillard Louis Bê Duc Contact address Dsge1-2016@banque-france.fr Online registration Mornings will be dedicated to presentations of the main concepts, afternoons to case studies based on the Dynare platform: introduction to Dynare; the neoclassical growth model; neo-keynesian extensions; introduction to Bayesian econometrics; case studies: a full-fledged example.

13 2016 Seminars International Banking and Finance Institute International economics and international relations in a central bank February 2016 Person in charge: Louis Bê Duc Objective This seminar focuses on the way in which central banks draw up and coordinate their positions on various discussion and negotiation issues within international fora. It also covers the organisation and preparation of international meetings. Participants This seminar is intended for central bank managers in charge of managing bilateral and/or multilateral institutional relations, preparing international meetings and formulating the positions adopted by their institutions within international fora. A background and/or experience in international economics is required. Participants will be asked to make an active contribution (presentation, roundtable ). Content This seminar will cover the following topics: decision-making processes within institutions/ authorities; the international institutions and their functions; research on international economics, current international issues; bilateral and multilateral cooperation (technical assistance, training, etc.); practical aspect of the organization of the meetings and information systems. Duration 3 days Apply before 8 December 2015 Language English Venue Paris Contact Louis Bê Duc Contact address IR2016@banque-france.fr Online registration

14 International Banking and Finance Institute 2016 Seminars 10 Unconventional monetary policies September 2016 Person in charge: Louis Bê Duc Objective This seminar aims at deepening the understanding of the measures taken by major central banks since the crisis in terms of direction and implementation of monetary policy. Participants This seminar is intended for economists and central bank researchers that have worked a few years on the theoretical and practical aspects of monetary policy. Content The seminar will be led by economists at the Banque de France and the New York Fed, it will cover the following topics: review of unconventional monetary policies; focus on the implementation of monetary policy; yield curve and zero interest rate floor; measuring the effects of unconventional monetary policy; modeling and crisis. Duration 2 days Apply before 29 July 2016 Language French and English with simultaneous interpretation Venue Paris Contact Louis Bê Duc Contact address MonPol2016@banque-france.fr Online registration

15 2016 Seminars International Banking and Finance Institute The use of DSGE models for policy analysis Level October 2016 Persons in charge: Michel Juillard Louis Bê Duc Objective This seminar is the second part of a two-session course on Dynamic stochastic general equilibrium (DSGE) models. DSGE models are essential tools for the assessment of the macroeconomic impact of monetary and fiscal policy made by central banks and international institutions such as the IMF. They are also currently used for macroeconomic forecasting. This seminar will be organised and run by Michel Juillard, Banque de France advisor and developer of the Dynare Project, as well as by other Banque de France economists, experts in modeling. Participants This seminar is aimed at participants of the first course. It is intended for central bank economists working in the field of macroeconomics and monetary policy. Participants will have prerequisite in economic modeling: academic training (PhD in economics, possibly Master only if relevant experience); actual experience for several years in economic modeling; prior knowledge of Matlab or Octave software will be appreciated. A detailed CV is required. Content Duration 5 days Apply before 17 August 2016 Language English Venue Paris Contacts Michel Juillard Louis Bê Duc Contact address Dsge2-2016@banque-france.fr Online registration Mornings will be dedicated to presentations of the main concepts, afternoons to case studies based on the Dynare platform: economic forecasting; optimal policy; models for small open economies; two countries models; DSGE models for emerging economies.

16

17 2016 Seminars International Banking and Finance Institute 13 Prudential regulation and supervision

18 International Banking and Finance Institute 2016 Seminars 14 Risk-based supervision (joint seminar with the International Monetary Fund) February 2016 (by invitation only) Objective This seminar aims to: deepen skills concerning risk-based supervision, on the basis of case studies; give a practical view of risk identification by banking supervisors; enable to assess a bank and the risk it faces by using the risk assessment system ; enable to assess the internal control and risk management; become familiar with the role of on-site and off-site control; enable to develop a final risk profile and an overall rating and identify appropriate supervision tools. Participants This workshop seminar is intended for French banking supervisors with relevant field experiences and who have participated in on-site or off-site examinations of banks, as well as leaders responsible for the implementation of risk-based supervision. Contents The following topics will be covered and taken as case studies: Pillar II Basel framework; Pillar II European framework; Risk assessment systems; Risks assessed in the framework of Pillar II; Monitoring and review process (SREP); Assigning ratings (inherent risk and risk management); Duration 5 days Apply before By invitation Language French Venue Paris Contact Address Riskbased16@banque-france.fr Online registration Actions and work plan of the supervisor; Pillar II additional requirements. The participants will be proposed to exchange on their best practices during a round table, especially by briefly presenting their own national approaches of the problem.

19 2016 Seminars International Banking and Finance Institute Financial consumer protection April Objective Drawing on the experience of the Banque de France, the purpose of this seminar is to present the mission of a central bank in the area of the financial services consumer protection: improving the information, supplying assistance in case of difficulties, preventing them or fixing them. These activities which are generally performed in a legal framework specific to each country will be compared with the approach in this matter of other central banks. The participants will be requested to exchange their best practices. Participants This seminar is intended for managerial staff responsible of departments in charge of relations with the customers of the commercial banking system (public information, assistance, mediation), or projects leaders whose mission is to develop this activity. Contents This seminar will cover the following topics: the control of commercial practices of the banking and insurance industries; general introduction to the mission of the Banque de France regarding the relations between individuals and the financial world and the legal background for the consumer protection; how relations between the banking industry and the consumer organisations are managed; the public interest databases about individuals that are managed by Banque de France; the information of the general public and the banking mediation in France; the management of households over-indebtedness situations; the financial inclusion and the financial education. Duration 5 days Apply before 11 February 2016 Language French and English with simultaneous interpretation Venue Paris Contact Address Consumer2016@banque-france.fr Online registration A roundtable will be dedicated to exchanges of information and experiences between the participants, by briefly presenting their own national approaches and/or participating in workshops.

20 International Banking and Finance Institute 2016 Seminars 16 Financing the economy and financial inclusion in the Euro-Mediterranean Area (joint seminar with the World Bank Group and the Center for Mediterranean Integration) May 2016 (by invitation only) Person in charge: Jean-Luc Quemard and Hedi Jeddi New Objective This seminar is designed to: provide a framework of exchanges between European and Mediterranean supervisors or central banks; take stock of the common specificities and risks in the Euro-Mediterranean area; identify the range of practices in financing the economy in the area and their key-success factors; foster feedbacks on met obstacles, regulatory and financial stability challenges. Participants Seminar by invitation only This practical seminar is intended for high level prudential supervisors and central bankers: director general or prudential supervision director. Content The following topics will be covered: financial risks in the Euro-Mediterranean Area; financing the economy; financial inclusion; what are the priorities for cooperation? Duration 2 days Apply before By invitation Language French and English with simultaneous interpretation Venue Marseille Contacts Jean-Luc Quemard and Hedi Jeddi Contact address Euromed2016@banque-france.fr Online registration

21 2016 Seminars International Banking and Finance Institute Stress testing (joint seminar with the Federal Reserve Board) September New Objective This seminar aims at: deepening participants knowledge of stress testing; giving a practical view of stress testing methodologies through case studies; familiarizing with examination techniques; enabling to develop a stress testing process and to understand its role in gauging the resiliency of the organization and of the financial system; understanding their role in monitoring macrofinancial conditions. Participants This practical seminar is intended for examiners with relevant field experiences and who have participated in on-site or off-site examinations of banks or macroprudential monitoring. Contents The following topics will be covered and taken as case studies: identify an organization s risk profile, address material portfolios and operating strategy; assess the quality of the organization s stress testing; develop an understanding of stress testing methodologies; define and apply assumptions, external conditions and scenarios; link with macro monitoring. Duration 5 days Apply before 12 July 2016 Language French and English with simultaneous interpretation Venue Paris Contact Address Stresstest16@banque-france.fr Online registration A time during the seminar will be dedicated to exchanges of information and experiences between the participants who will briefly present their own national approaches and/or participate in workshops.

22 International Banking and Finance Institute 2016 Seminars 18 Anti-money laundering 28 November 1 December 2016 New Objective This seminar covers the fight against money laundering and financing of terrorism as well as the role played by central banks and supervisory authorities against these forms of financial delinquency. Participants This seminar is mainly intended for managerial staff responsible for fighting against financial delinquency and money laundering within central banks, or for those working in cooperation with financial investigation units and judicial authorities in the fight against financial delinquency and money laundering, as well as those working in departments of on-site and off-site supervision within supervisory authorities. Contents This seminar will cover the following topics: international standards (Financial Action Task Force FATF 40 recommendations and 9 special recommendations, common methodology for assessing national legal frameworks); European and French legal frameworks against money laundering and financing of terrorism; role of an anti-money laundering unit within a central bank; implementation of AML/CFT legal framework in commercial banks; role and methods of banking supervision in the fight against money laundering and financing of terrorism; role of financial investigation units and cooperation with judicial authorities; Duration 4 days Apply before 28 September 2016 Language French and English with simultaneous interpretation Venue Paris Contact Address AML2016@banque-france.fr Online registration money transfers: international standards and national implementation; cashless and electronic payments : standards, prevention of risks and repression of frauds; non face to face banking: standards and mitigation of risks associated to eligible introducers, payments on the Internet or by telephone; offshore centres: banking secrecy and black lists. This seminar will be run by specialists from the FATF, the Banque de France, the Prudential Supervision and Resolution Authority, TRACFIN (financial investigation unit), ministries of finance, interior and justice. It will enable participants to gain a practical understanding of money laundering mechanisms and on-site and off-site controls implemented by financial institutions and supervisory authorities.

23 2016 Seminars International Banking and Finance Institute 19 Central bank governance

24 International Banking and Finance Institute 2016 Seminars Legal experts and financial crises Prevention, management, resolution 8-11 March Person in charge: Hedi Jeddi Objective This seminar aims at contributing to the exchange of experience between high level managers carrying out functions with a very strong legal dimension and directly involved into the tasks of their central bank or their authority regarding prevention, management and resolution of financial crises. Participants This seminar is intended for managerial staff of central banks and public bodies competent for regulation, supervision or resolution, who are in charge of legal units and departments involved in legal issues related to financial stability and crisis management. Content This seminar will cover the following topics: monetary policy and crisis management; tasks and activities of a central bank regarding financial stability; legal aspects of supervision regarding crisis prevention and management; European and French frameworks regarding resolution of a failing financial institution. The participants will be proposed to exchange their best practices during round tables in particular by stating their respective national issues. Duration 4 days Apply before 8 January 2016 Languages French and English with simultaneous interpretation Venue Paris Contact Hedi Jeddi Contact address Legal2016@banque-france.fr Online registration

25 2016 Seminars International Banking and Finance Institute Central bank accounting and budget management (joint seminar with the Central Bank of West African States) 6-7 April 2016 Person in charge: Hedi Jeddi 21 Objective This French speaking seminar aims to present the accounting principles and mechanisms set up within the European System of Central Banks and their implementation within the Banque de France. Will also be discussed the principles and methods for elaborating a central bank s budget and the monitoring of its implementation, the use of cost accounting and the management of financial risks. Participants This seminar is intended for managerial staff in charge of financial and accounting departments or services within a central bank. Content This seminar will cover the following topics: budget and strategic planning process; financial balance and financial risk management in a central bank; accounting organization, environment of control and main accounting reports; accounting principles and techniques carried out and their implementation into the central banking areas; management control, cost accounting and reporting. Duration 2 days Apply before 6 February 2016 Language French Venue Dakar (Senegal) Contact Hedi Jeddi Contact address Compta2016@banque-france.fr Online registration

26 International Banking and Finance Institute 2016 Seminars Workshop Heads of Human Resources: management and training September 2016 (by invitation only) 22 Person in charge: Thierry Cusson Objective The workshop objective is to examine the current tendencies of the human resources management and training activity in the central banking environment, calling upon the experience of the participants. Participants This workshop is intended for directors or managers of equivalent level of responsibility. Content This seminar will cover the following topics: the main contemporary challenges for a human resources policy in a central bank; strategic issues in the human resources area; which tools and which organisation, today and tomorrow? developing the skills of staff, beyond training. The workshop will foster debate and interactions in order to facilitate knowledge sharing and exchange of experiences among participants, who will be requested to supply a significant involvement. Duration 3 days Apply before By invitation Languages French and English with simultaneous interpretation Venue Paris Contact Thierry Cusson Contact address HR2016@banque-france.fr Online registration

27 2016 Seminars International Banking and Finance Institute Internal audit and risk management in a central bank 4-7 October 2016 Person in charge: Hedi Jeddi 23 Objective This seminar will offer to senior auditors and inspectors the opportunity to exchange on methodologies and techniques regarding the audit of a central bank and risks management. Participants This seminar is intended for managerial staff in charge of inquiries or internal audit programmes, and for risk managers. Content This seminar will cover the following topics: risk-management methodology; general context and approach of risks and risk management at the Banque de France; general organisation of the audit function; head office audit, audit of the branches network, accounting audit, auditing in the information technology area: methodology, reporting, follow-up of recommendations. Workshops will be organised to foster exchanges of information and sharing of best practices among the participants. Duration 4 days Apply before 4 August 2016 Languages French and English with simultaneous interpretation Venue Paris Contact Hedi Jeddi Contact address Audit2016@banque-france.fr Online registration

28

29 2016 Seminars International Banking and Finance Institute 25 Financial stability

30 International Banking and Finance Institute 2016 Seminars Financial stability policy of central banks Recent trends, interactions with other policies and key challenges (joint seminar with the Joint Vienna Institute) May 2016 Persons in charge: Hedi Jeddi Adam Gersl 26 Objective This five day course aims at deepening the understanding of recent trends and issues regarding the financial stability function within central banks. Participants Mid- to senior-level officials from central banks, ministries of finance and regulatory agencies in charge of financial stability or financial regulation and supervision. Content The objective of this one-week course is to deepen understanding of recent trends and issues related to the financial stability function of central banks. The course will discuss systemic risk indicators, the role of macroprudential policy, the macroprudential framework in the European Union, tools to analyse credit developments and credit risk, foreign currency lending, and how macroprudential policy, microprudential supervision and monetary policy interact. Part of the course will be devoted to the functioning and calibration of specific macroprudential tools, such as the countercyclical capital buffer, limits on loan-to-value ratios, or surcharges for systemically important banks. The lectures will be complemented by workshops in which participants will use EViews and Excel to analyse various micro- and macroprudential policy issues. Participants are expected to deliver short presentations and engage in group discussions on key financial stability issues in their countries. The course will cover the following topics: Duration 5 days Apply before 14 February 2016 Language English Venue Vienna (Austria) Contacts Hedi Jeddi (Banque de France) Adam Gersl (Joint Vienna Institute) Contact address FinStab2016@banque-france.fr Online registration macroprudential policy and the role of central banks; systemic risk monitoring and assessment; macroprudential intervention instruments: functioning and calibrating; interactions between macroprudential, microprudential and monetary policies; EU institutional framework for financial stability.

31 2016 Seminars International Banking and Finance Institute Financial stability and macroprudential policies of central banks 7-10 November 2016 Person in charge: Hedi Jeddi New Objective This four day course aims at deepening the understanding of recent trends and issues regarding the financial stability function within central banks. Participants Mid- to senior-level officials from central banks, ministries of finance and regulatory agencies in charge of financial stability or financial regulation and supervision. Duration 4 days Apply before 7 September 2016 Language French and English with simultaneous interpretation Venue Paris Contact Hedi Jeddi Contact address FinStabParis@banque-france.fr Online registration Content The objective of this four-day course is to deepen understanding of recent trends and issues related to the financial stability function of central banks. The course will discuss systemic risk indicators, the role of macroprudential policy, the macroprudential framework in the European Union, tools to analyse credit developments and credit risk, foreing currency lending, and how macroprudential policy, microprudential supervision and monetary policy interact. A part of the course will be devoted to the functioning and calibration of specific macroprudential tools, such as the countercyclical capital buffer, limits on loan-to-value ratios, or surcharges for systemically important banks. The lectures will be complemented by workshops in which participants will use EViews and Excel to analyse various micro- and macroprudential policy issues. Participants are expected to deliver short presentations and engage in group discussions on key financial stability issues in their countries. The course will cover the following topics: macroprudential policy and the role of central banks; systemic risk monitoring and assessment; macroprudential intervention instruments: functioning and calibrating; interactions between macroprudential, microprudential and monetary policies; EU institutional framework for financial stability. 27

32

33 2016 Seminars International Banking and Finance Institute 29 Markets and operations

34 International Banking and Finance Institute 2016 Seminars Corporate rating/credit risk assessment by a central bank 2-5 February 2016 Person in charge: Thierry Cusson 30 Objective This seminar has the objective of promoting tools and methods on assessing the economic and financial conditions of the corporate firms in central banks. It will address credit risk assessment frameworks put in place by some central banks belonging to the ESCB, among which the Banque de France, their use for conducting monetary policy, performing prudential supervision, and assessing the risks related to central banks credit portfolio. Duration 4 days Apply before 2 December 2015 Languages French and English with simultaneous interpretation Venue Paris Contact Thierry Cusson Contact address Rating2016@banque-france.fr Online registration Participants This seminar is aimed at central bank experts in charge of monitoring the economic outlook in the real economy, in charge of assessing financial conditions of businesses, for experts who need to create or improve databases in this area and/or to set up financial analysis and rating rules adapted to international standards. Content The seminar will cover the following topics: objectives of a central bank when gathering financial data about firms; risk assessment methods in use within central banks members of the European System of Central Banks: rating and scoring, rating of groups, technique used for computing scores; methods used by banking supervisors and commercial bankers; regulatory framework and methods used by rating agencies.

35 2016 Seminars International Banking and Finance Institute Financial risk management in a central bank 29 March 1 April 2016 Person in charge: Thierry Cusson Objective This seminar aims to introduce the main financial (credit and market) risks faced by central banks. Experts from Banque de France will present the risk framework associated with the activities carried out by a central bank, particularly the methodology of calculation of the Value at Risk (VaR) and default risk models. They will also present the tools developed in house to evaluate independently the credit risks and to value the collateral, as well as the accounting and institutional mechanisms dealing with those risks. Participants This seminar is intended for experts working in departments in charge of risk management, market operations, economic and financial studies in a central bank. Duration 4 days Apply before 29 January 2016 Languages French and English with simultaneous interpretation Venue Paris Contact Thierry Cusson Contact address Marketrisk16@banque-france.fr Online registration Content The following topics will be addressed: financial market activities of Banque de France : governance and organisation; market risk: definition of market risk, market risk indicators; market risk assessment for reserve portfolios; credit risk: definition and credit risk indicators, credit VaR (methodology of calculation and uses within Banque de France), credit risk assessment for foreign exchange reserves; internal credit assessment tool of issuers and counterparties: I-Rate; collateral and risk management tools in the context of the euro area monetary policy: collateral framework in the euro area (eligible assets, valuation and haircuts), the single platform Common Eurosystem Pricing Hub ; institutional coverage of financial risks and accounting mechanisms. 31

36 International Banking and Finance Institute 2016 Seminars Payment systems and market infrastructures September Objective This seminar aims to analyse the main issues related to the adaptation of the payment systems and market infrastructures and the solutions implemented, both from a technical and a legal point of view. Participants This seminar is intended for senior management in charge of departments operating or overseeing payment systems. Participants are required to have a sound knowledge of payment systems and organization of market infrastructures. Content This seminar will cover the following topics: technical and legal aspects of payment systems and market infrastructures; new rules in the oversight of financial markets infrastructures (FMI); focus on some FMI s actors: central counterparties and trade repositories; large-value payment systems: TARGET2; delivery versus payment of securities in central money: TARGET2 SECURITIES; new challenges for collateral management. Roundtables will be organised to foster exchanges of information and sharing of best practices among the participants who will have the opportunity to present the specificities of their national payment systems. Duration 4 days Apply before 20 July 2016 Languages French and English with simultaneous interpretation Venue Paris Contact address Payments2016@banque-france.fr Online registration

37 2016 Seminars International Banking and Finance Institute Back office operations December 2016 Person in charge: Thierry Cusson Objective The objective of this seminar is to set out the various back-office operations in a central bank and analyse the processing chain and the related risks. Participants This seminar is intended for central bank managers in charge of back-office operations (money market, foreign exchange market, securities transactions). Duration 4 days Apply before 13 October 2016 Languages French and English with simultaneous interpretation Venue Paris Contact Thierry Cusson Contact address Backoffice16@banque-france.fr Online registration Content This seminar will cover the following topics: recent trends in foreign reserve management (overview); definition of back-office operations and scope of application; processing chain for: foreign exchange operations, euro-denominated and FX-denominated portfolio management, customers operations and back-to-back transactions on the market, custody of financial instruments; accounting of market and securities transactions; IT-related issues (incl. resilience/business continuity) and static data management; operational risk management and compliance requirements for these activities. 33

38

39 2016 Seminars International Banking and Finance Institute IBFI s activities Over time, the IBFI has adopted multiple modes of action. In addition to the training seminars in our catalogue, the IBFI has developed various actions that are specific or by invitation. They rely on current monetary, economic and financial topics, as well as specific request from our partners. They are organized to the best of our hosting capabilities and of our experts constraints and availability to the training seminars. Training seminars The seminars offered through the IBFI s annual catalogue are our primary mode of action. They consist in 2 to 5 day training sessions whose contents change according to the needs expressed by our partners. They include theoretical and practical presentations, simulation exercises and case studies. Participants are often gathered in smaller groups to foster interaction around a particular topic. The IBFI seminars are open to all central bank candidates upon request, subject to availability, and taking into account the relevance of their application (motivation, position held, prior training, etc.). Tailored training The IBFI receives numerous requests asking us to organise specialised or customised training programmes. Thus, aside from our traditional training seminars which are open to all central banks, we conduct tailored projects on a bilateral or regional basis. Such specialised support may consist in study trips in France of small groups of central bankers, or may take the form of bespoke training sessions, held on our premises or within the partner central bank. In this latter case, we seek to involve, to the greatest extent possible, employees from other central banks of the same region, so that any such initiative may benefit the largest number of persons. These sessions are only launched after an in-depth study of existing requirements and a thorough examination of the most adequate means of satisfying demand. The duration of these events is variable, ranging from 2 to 5 days. Attendance may be combined with participation in seminars included in the IBFI annual catalogue. Partnerships The IBFI has a broad network of partners worldwide. In addition to our bilateral cooperation with other central banks or international institutions such as IMF or BIS, we build partnerships with regional institutions, in order to deliver training services suited to the local context and challenges, and to limit travel expenses for participants. High-level workshops Throughout the year, the IBFI organises technical workshops by invitation only. The organisation of these workshops is highly dependent on economic and financial news and the evolution of challenges faced by central banks. Throughout the year, the IBFI organises technical workshops upon an invitation-only basis. The organisation of these workshops is highly dependent on economic and financial news and the evolution of challenges faced by central banks. These workshops aim at bringing together the main central bank specialists who are called upon to tackle a common issue. Participants come from various geographic zones and from diverse areas of expertise (macroeconomists, economic policy specialists, experts specialised in financial stability issues, as well as specialists of the markets, payment systems, regulatory and supervisory matters, or the internal management of central banks). Workshops organised by the IBFI allow for a matching of experience, including with other public institutions and private sector players, in order to bring about the emergence of solutions possibly suited to the various local contexts. 35

40 International Banking and Finance Institute 2016 Seminars For the proper progress of the debates, it is utterly essential that all participants in these workshops have prior extensive knowledge in the area concerned. Videoconference support and dialogue The IBFI is equipped with the infrastructure necessary for the organisation of videoconferencing among the experts of our partners and the Banque de France. Such a cooperation mode is particularly suited to the review of a highly specific topic, requiring a short time period (one or two hours) of work in common. Training agreements Some of our partners ask us to organise our capacity building effort through a formal agreement to better plan training and skills enhancement programs that are often complex and multi faceted. Thus, in order to address this request expressed by central banks and partner training centres, the IBFI signs training agreements. Participation in projects organised by third parties Experts within or appointed by the IBFI, also participate in training projects organised and financed by third parties, whether national or regional central banks, international financial institutions such as the IMF and the World Bank, regional institutions such as the European Commission, or French and foreign higher education institutions. 36

41 2016 Seminars International Banking and Finance Institute Practical information IBFI s annual programme offers training seminars for the managerial staff of central banks and banking supervisory bodies. Enrolment Central banks or institutions intending to enrol a participant must apply at least 2 months before the date of the seminar, using the application form available on our website: and indicate the correspondent or contact person (Human Resources and/or Director) validating the application. At the end of the application period and depending on availability, confirmation of registration will be sent. For seminars to be confirmed, a sufficient number of applicants is necessary. However, we draw your attention to the fact that, due to the large number of applications received, we rarely take late registrations into consideration, or multiple applications from the same bank. Six weeks prior to the seminar, participants receive an official invitation letter by , in particular for visa purposes. They are then requested to fill the practical aspects section (traveling schedule, hotel, social event, diet restrictions) in their My Space section of the website. Participants in the seminars must have a good command of one of the working languages mentioned in the training programme: French or English. Our contact persons must ensure that the candidates they recommend have the required fluency. Poor understanding of presentations and discussions undermines the smooth running of the seminar and compromises its efficiency. Organization The duration of the seminars may be 2, 3, 4 or 5 days (in that case a half-day off is generally scheduled for participants). They are held in our Paris headquarters ; transportation from the hotel is not arranged by IBFI. They are supported by written documentation in the working language mentioned by the candidate on his/her application form. We insist on the fact that trainees have to attend every session of the seminar and sign the attendance sheet circulated every day. Accommodation Banque de France normally makes pre-reservations with a partner hotel for all participants. It is a 3 star hotel, European standards. The Practical aspects section has to be answered 1 month before the beginning of the seminar at the latest. Participants are free to choose another hotel and to inform us. If so they should bear the full costs of accommodation. Cost Banque de France covers the following costs: training courses; lunches and coffee breaks; social events as might be. Accommodation costs (hotel: single room with breakfast) Reimbursement conditions differ according to the country of the participants. 1 Middle income and industrialised countries. The participant s central bank covers the accommodation costs. 37

42 International Banking and Finance Institute 2016 Seminars 2 HIPC (highly indebted poor countries) IMF/ WB initiative. IBFI covers the accommodation costs for the period from the night before, to the night after the seminar (for example 6 nights for a 5-day seminar). 3 Least developed countries (LDC). IBFI covers half of the nights 1 per trainee/seminar. The remaining nights are covered by the participant s central bank. Other expenses paid by trainees dinners; hotel: additional cost for twin room, longer stay (additional nights 2 before or after the seminar), mini-bar, telephone and other services; transport (plane, taxi); health and lost luggage insurance. Cancellations In case of cancelling, it is absolutely necessary to inform us at least 10 days prior to the seminar. Given the large number of applications, a late cancellation deprives another central bank applicant from joining the seminar and induces cancellation fees. Fees due to last minute cancellation ( no-show ) will be at charge of the involved central bank. Moreover, such last minute cancellation might lead to restrict future registrations from the latter More precisely, also taking into account the night before the seminar, IBFI covers therefore 1 night for a 1-day seminar, 2 nights for a 2-day or 3-day seminar, 3 nights for a 4-day or 5-day seminar. 2 In some (rare) cases, extra nights may be invoiced at a higher rate than the IBFI negotiated rate on account of strong pressures on hotel reservations due to exceptional events.