DNB international workshop and seminar programme Bringing knowledge and people together

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1 DNB international workshop and seminar programme 2016 Bringing knowledge and people together

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3 DNB international workshop and seminar programme 2016 Contents Foreword 4 DNB International Workshop and Seminar Programme 2016 overview 6 General information 8 Address and telephone numbers 10 Travel directions 12 Workshops and seminars 2016 details Central bank and supervisory governance 15 Insurance supervision: Solvency II 16 Auditing special objects 17 Accounting, planning & control and process management in a central bank 18 Payments and securities settlement systems 19 Operational monetary policy 20 Regulatory policy: current framework and recent developments 21 DNB activities in previous years 22 About us 24

4 Foreword 4 Over the course of many years De Nederlandsche Bank (DNB) has built a strong tradition of providing a place for training and exchange of knowledge to reinforce financial and institutional development of fellow central banks and supervisory authorities. The Global Financial Crisis has served as a powerful reminder to central banks and regulators of their core tasks, ranging from safeguarding financial stability and ensuring price stability to implementing effective prudential supervision, fostering payment systems reliability and setting high standards for governance. This challenging environment underlines the importance of central banks and supervisory authorities being in a position to take well-informed decisions by drawing on state-of-the-art expertise. Our workshops and seminars aim to enhance the skills and learning which underlie that expertise. The 2016 DNB International Workshop and Seminar Programme comprises seven workshops and seminars in Amsterdam. Our objective is to offer high-quality training and familiarise participants with best practices (and understand how best practices can differ per country, depending on specific circumstances). All seminars and workshops will be hosted by DNB experts who work in the respective fields on a daily basis, thus providing a practical and hands-on perspective. Participants will be invited to join discussions and share their views. A good command of English is required. Experience has shown that our international workshops and seminars are an excellent way to share experiences with other experts from central banks and supervisory authorities in different countries and continents, and to create valuable networks. As in previous years, DNB will also organise a number of international seminars outside the Netherlands. DNB relies on the kind support of partner central banks to help organise these regional events.

5 DNB international workshop and seminar programme 2016 In 2016, we aim to offer seminars abroad on [ICT supervision and developments in the area of payment systems]. DNB also actively offers technical cooperation to central banks and prudential supervisors on a bilateral basis and as a partner in large-scale projects coordinated by international organisations. The last section of this brochure contains summary information over DNB activities in previous years. At DNB we truly look forward to welcoming new participants in our workshop and seminar programme for Paul Hilbers Director Financial Stability Division Carel van den Berg Coordinator Technical Cooperation Centre

6 DNB international seminar programme This brochure provides a detailed description of the individual seminars, including the objectives and contents as well as the expected professional background of the respective target groups. All seminars will be held in the English language. A good command of English is required, as translation and interpreting services will not be offered. General purpose The programme has two aims: To present recent developments in specific central banking issues from the perspective of De Nederlandsche Bank, which belongs to the European System of Central Banks. To exchange views on specific central banking issues and learn from each other s experiences. This implies that the precise contents of the seminars will be determined in part by the specific contributions of the prospective participants. We welcome any comment on the contents of the seminars. Participants may be invited to give a presentation on topics in their field of expertise during some of the seminars. Who should attend? The seminar programme has been set up for staff at the central banks and prudential supervisors in the countries that make up the IMF/World Bank Constituency headed by the Netherlands and Belgium. However, we may also invite participants from other central banks or prudential supervisors, principally from emerging countries, to attend individual seminars; this will be determined on a case-by-case basis.

7 DNB international workshop and seminar programme 2016 DNB international seminar programme 2016 Period 7 Seminar 12 February April May June September November November 2016 Central bank and supervisory governance Insurance supervision: Solvency II Auditing special objects Accounting, planning & control and process management in a central bank Payments and securities settlement systems Operational monetary policy Regulatory policy: current framework and recent developments

8 General information 8 How to apply This brochure has been sent to the governing boards of selected central banks and prudential supervisors, inviting them to nominate participants for DNB s annual International Workshop and Seminar Programme. If you wish to enrol members of your institution in a seminar, please complete the online registration form at: / English / Technical Co-operation International Seminar Programme (Quick link on the right hand side) or / English / About DNB / Co-operation / Technical Co-operation International Seminar Programme by using the link to 2016 International Seminar Programme - Registration form. Completed forms should be sent in at least two months prior to the start of any seminar. Given the limited number of available places, participation is restricted to one or two representatives per country. The maximum number of 25 participants per seminar may be changed to suit the specific purpose of each seminar. If there are more applications than there are places available, we will have to make a selection and we trust that you will understand if an application from your institution is turned down. Correspondence All subsequent correspondence will be sent directly to participants, who will receive a letter of invitation by and by post. To ensure that the necessary formalities are completed in time, we will send this information four weeks before a seminar starts. Security Due to strict security regulations, participants will be required to carry a recognised identification document at all times when at DNB. Please indicate the type of identification document (e.g. passport) and its number on our registration form. Seminar length Seminars will usually last three days, with course times from 9 a.m. to 5 p.m. Please note that participants are expected to attend all courses and should not schedule any appointments that coincide with the seminars. Participating central banks will be notified of poor attendance by their representatives. Costs Seminar participation is free. DNB will provide accommodation, breakfast and lunch and will bear the costs of any dinners and social events scheduled. Participants are assumed to have adequate insurance cover for medical treatment abroad. Location DNB provides free single accommodation centrally located in Amsterdam for the duration of the seminar, starting on the evening preceding the seminar to the night after e.g. four nights for a three-day seminar.

9 DNB international workshop and seminar programme 2016 The letter of invitation will ask participants to state their arrival and departure times, and DNB will make hotel reservations in keeping with the travel information provided in the registration form. Participants will subsequently receive more detailed information about accommodation and transfer arrangements. Should participants need to change their travel plans, DNB will try to accommodate their requests but cannot offer any guarantees. De Nederlandsche Bank regrets that it is unable to provide accommodation for participants partners or other relatives. Cancellations If a cancellation becomes necessary, please inform us at least five days in advance, but preferably earlier (technicalcooperation@dnb.nl). Given the large number of applications, a late cancellation deprives others of the opportunity to attend the seminar and may involve hotel cancellation costs. If De Nederlandsche Bank has to pay no-show costs, this will be charged to the central bank involved. 9

10 Address and telephone numbers 10 Management Carel van den Berg Secretariat Technical Cooperation Alice van de Werfhorst Coordinator Technical Cooperation Phone: Fax: Phone: Fax:

11 DNB international workshop and seminar programme Travel and Conference Services Ms Linda Hovenier Ms Marja Kooijman Phone: Fax: Phone: Fax: De Nederlandsche Bank N.V. PO Box AB AMSTERDAM Westeinde ZN AMSTERDAM The Netherlands General telephone number:

12 How to get to the city of Amsterdam from Schiphol Amsterdam Airport 12 Taxi Taxis are available just outside the international arrivals building. It s a 30-minute drive to the city centre depending on traffic and the fare is around EUR 50. Bus KLM Airlines operates a shuttle service between Schiphol Airport and most of the larger hotels in Amsterdam. For information on departure times and where to board the shuttle, please refer to the KLM information desk at the international arrivals building. It s a 30-minute drive to the city centre depending on traffic and the fare is approximately EUR 17. For more information please go to Train A regular train service links the underground railway station at Schiphol Airport with Amsterdam Centraal Station. Trains leave every 15 minutes or so and takes 20 minutes to reach the city centre. The fare is approximately EUR 6. From Amsterdam Centraal Station, you can take a tram or bus or the metro to your hotel. Please note that when using the Amsterdam metro you need to buy a ticket (EUR 2.90) from the vending machine before boarding. Rembrandtplein Blauwbrug Hortus Botanicus Amsterdam Weesperstraat Vijzelstraat Herengracht Keizersgracht Kerkstraat Herengracht Keizersgracht Kerkstraat Amstel Nieuwe Keizersgracht Nieuwe Kerkstraat Prinsengracht Nieuwe Prinsengracht Nieuwe Achtergracht UvA Reguliersgracht Utrechtsestraat Amstel Vijzelstraat Prinsengracht Achtergracht Weesperplein Eerste Weteringplantsoen 7+10 Frederiksplein 4 Sarphatistraat Hogesluis brug Mauritskade Rhijnspoorplein Westeinde Tweede Weteringplantsoen Stadhouderskade Stadhouderskade Weesperzijde Wibautstraat Amstel

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15 DNB international workshop and seminar programme February 2016 (1 day) Central bank and supervisory governance Purpose of the seminar The experience of the global financial crisis has increased public expectations concerning the accountability and transparency of central banks and supervisory authorities. This has raised the bar for central bank and supervisory governance. This high-level seminar aims to take stock of recent developments and the ways in which authorities have responded to these challenges. It will take the form of a one-day conference that is open to board members of central banks. Speakers from international organisations, including the IMF, will present their latest insights. Other speakers will be governors and board members of central banks who will discuss their views on governance frameworks for central banks or private institutions. The format will consist of three sessions with two lead speakers and two discussants. Target group Governors and board members of central banks. The conference is held in English. Participation is by invitation only. Contents Main topics to be discussed: Central bank governance, including challenges related to combining several tasks within one institution Accountability and transparency as core drivers for effective financial supervision The importance of board effectiveness, both for central banks and financial institutions under supervision Contact information If you have any questions or need additional information, please feel free to contact Mr Sven Stevenson (j.s.e.stevenson@dnb.nl) of DNB s Financial Stability Division. 15 Registration Invitees will be referred to a special online registration form. By invitation only

16 21-22 April 2016 (2 days) Insurance supervision: Solvency II 16 Purpose of the seminar The seminar will deal extensively with Solvency II, the new, risk-based European supervisory framework for the insurance sector, due to come into effect on 1 January Solvency II is not just about capital. It is a comprehensive programme of regulatory requirements for insurers. The Solvency II programme is divided into three areas, known as pillars. Pillar 1 sets out quantitative requirements, including the rules to value assets and liabilities, to calculate capital requirements and to identify eligible own funds to cover those requirements. Pillar 2 sets out requirements for risk management, governance, as well as the details of the supervisory process with competent authorities. Pillar 3 addresses transparency, reporting to supervisory authorities and disclosure to the public. During the seminar we will focus on both the new regulatory framework as such and our first experiences in applying it. Target group Management and (senior) staff of insurance supervisors (one or two participants per country) Contents Organisation of supervision on insurance companies in the Netherlands Valuation of assets and liabilities Capital requirements Eligible own funds Governance and risk management Transparency and reporting requirements Contact information Should you have any questions or need additional information, please feel free to contact Ms Yvonne Tjon Sien Kie (y.m.tjon.sie.kie@dnb.nl) of DNB s Insurance Supervision Division. Deadline for applications: 17 February 2016 Furthermore, an overview will be given of how supervision of insurance companies in the Netherlands is organized. During the seminar there will be ample time for interaction to include the daily practice of the participants.

17 DNB international workshop and seminar programme May 2016 (3 days) Auditing special objects Purpose of the seminar An audit universe of a central bank may be very diverse, depending on its tasks. In most CB audit universes we can find the obvious processes like Settlement Systems, Information Technology, Human Resources and Cash Management. For these types of business areas it is common to be the subject of auditing. For several other business areas, it is not so common to be audited. Business areas frequently criticise the expertise, or more likely the lack of expertise, of auditors in auditing their business domain. The most commonly heard arguments are that the business area in question is very special, uses special techniques or uses a process that is so remote from what is considered a normal business process that it is hard to believe that Internal Audit may bring added value. For this seminar, we selected some of these areas: Banknote Production & Printing, Physical Security and Construction Works. During this seminar, you will become familiar with more in-depth insights into these specific areas, and you will learn that Internal Audit can actually make a valuable contribution to the organisation by auditing these domains. Also, by using an integrated case study for these areas, we will provide you with general as well as specific audit approaches and techniques, which are also suitable for auditing other objects. Target group Auditors at all levels who: wish to enhance their knowledge and understanding of what is expected from auditors in the above-mentioned areas; seek to add value to their organisation in general and to their board and audit committee specifically; and would like to discuss potential best practices with colleagues. Key topics Relevant IIA Standards, Blue and Red teaming, Printing techniques, Planning, Criminal Motives, Budgeting, 3-Gates Approach, Manufacturing and Production, Contracts, Materials, Office Concepts, Security Concepts and Techniques, Environmental Sustainability, Observing. CPE credits Participants with a professional designation will receive 18 CPE credits for full participation. Contact information Should you have any questions or need additional information, please feel free to contact Mr Rob Cornelisse (r.e.cornelisse@dnb.nl) or Mr Peter Willemsen (p.g.willemsen@dnb.nl) of DNB s Internal Audit Department. Deadline for applications: 22 March

18 13-15 June 2016 (3 days) Accounting, planning & control and process management in a central bank 18 Purpose of the seminar The seminar provides an opportunity for central bank representatives to share experiences and knowledge of accounting, planning & control and process management. DNB aims to improve its organisation in terms of effectiveness and efficiency. The seminar focuses on the efforts and experiences of DNB s Finance Department in helping to achieve these improvements. The main role of the Finance Department in this area is to contribute actively to good decision-making and steering of the central bank. Its working method is characterised by straightforwardness, transparency and serviceoriented partnerships. The main building blocks of the approach are promoting a vital organisation, creating transparency by applying its instruments (for example, Activity-Based Costing), and focusing permanently on service improvement. Target group Heads and senior staff members of controlling, accounting, planning & control and risk & process management departments. Contents Strategy, planning and control Activity-based costing Accounting principles Process improvement Contact information Should you have any questions or need additional information, please feel free to contact Ms Nicole van Zwieten (n.van.zwieten@dnb.nl) of DNB s Corporate Affairs Division. Deadline for applications: 11 April 2016 Set-up of the seminar In addition to presentations we organise parallel workshops, which require active attendee participation. The objective is not only to offer theoretical knowledge and experience, but also to complement it with practical examples. Knowledge-sharing among participants is a key part of the seminar.

19 DNB international workshop and seminar programme September 2016 (4 days) Payments and securities settlement systems Purpose of the seminar The seminar gives an overview of newest developments in payments and securities settlement systems - not only from the perspective of market developments, but also as a modern central bank with its roles as policy maker, overseer, operator and service provider. The landscape is reshaping rapidly, and central banks need to be pro-actively engaged. The focus is more and more on global developments, including those in the European context, in which the Nederlandsche Bank is closely involved as a member of the European System of Central Banks. Attention is paid to the work of Bank for International Settlements (BIS)/CPMI-IOSCO in setting international standards for Financial Markets Infrastructures. Furthermore, fundamental changes of market infrastructures, new market players and innovations will change the world. The seminar will include plenary sessions as well as smaller scale workshop-style activities. Furthermore, we will visit a financial institution. From the participants, an active contribution to an open discussion and a willingness to share their own experiences will be expected. There is a social event during the four days seminar and some sightseeing of the Netherlands. Target group Management and senior staff from payments and securities policy and operational departments, financial markets departments, legal departments, oversight and supervision departments etc. - The central bank s role in payments and securities settlement systems - Developments in Large Value Payment Systems (LVPS including TARGET2) Collateral management and securities settlement systems - Developments in collateral and liquidity management - The world of securities settlement systems and the role of Central Counter Parties - Experiences with TARGET2-Securities Retail Payments - Innovations in retail payments after the changeover to the Single Euro Payments Area (SEPA) e.g. instant payments, mobile payments and contactless payments - European law in the area of retail payments - The involvement of stakeholders in retail payments systems Oversight on the payment system - BIS-IOSCO Principles for Financial Markets Infrastructures - Oversight in practice - Business continuity and crisis management Contact information Should you have any questions or need additional information, please feel free to contact Ms Judith Looman ( j.looman@dnb.nl) or Mr Michiel van Doeveren (m.a.j.m.van.doeveren@dnb.nl) of DNB s Cash and Payment Systems Division. 19 Contents The following key topics will be covered: General Framework and Large Value Payment Systems Deadline for applications: 18 July 2016

20 2-4 November 2016 (3 days) Operational monetary policy 20 Purpose of the seminar The Operational Monetary Policy seminar covers conventional and unconventional Eurosystem central bank operations. Since the start of the credit crisis in 2007 and the sovereign debt crisis in 2009 numerous monetary instruments have been used. In addition to that, the Eurosystem started three new purchase programs (CBPP3, ABSPP and PSPP) in the last quarter of 2014 and the first quarter of The programs were started with the aim of reviving the euro area economy but with the ultimate goal to bring inflation back to the desired level of lower than but close to 2%. These new measures will be covered extensively during the course. Within the category of the conventional tools we will cover the fundamentals and also implementation experiences with open market operations, operational procedures, and institutional arrangements within the Eurosystem. Participants will be expected to discuss their central bank s experiences with monetary policy implementation and their current challenges on monetary policy (implementation) issues. Therefore, a good command of English is required for this course. Contents The following key topics will be covered: Purpose and objectives of monetary policy strategy and implementation Overview of monetary policy instruments of the Eurosystem Aspects of instruments: bidding procedures in the tender systems, collateral issues, risk control measures Experiences of Eurosystem s monetary policy implementation; conventional and unconventional Liquidity management Financial markets monitoring and markets intelligence Contact information Should you have any questions or need additional information, please feel free to contact Mr Marck Bulter (m.c.j.bulter@dnb.nl) of DNB s Financial Market Division. Deadline for applications: 31 August 2016 Target group Central bank staff members, practitioners, involved in monetary policy implementation and monetary policy advisors who would like to become more familiar with the implementation aspects of monetary policy. This seminar is especially suited for relatively new staff members in this area of expertise (one or two participants per country).

21 DNB international workshop and seminar programme November 2016 (3 days) Regulatory policy: current framework and recent developments Purpose of the seminar Five years ago, in 2010, the Basel Committee on Banking Supervision (BCBS) finalised the capital and liquidity reform proposal. Since then, work on regulation, supervision and risk management of banks has progressed, and the BCBS has adjusted the 2010 rules. After 2010, the BCBS has continued developing the framework. On a broader scope, supervisory policy was even further enhanced in recent years with a resolution and recovery framework and a single banking supervisor in the European Union, SSM, BRRD, TLAC, etc. The purpose of this vast package of regulation is to increase the quality, quantity and international consistency of capital, strengthen liquidity standards, discourage excessive leverage, reduce procyclicality and provide means for orderly winding down institutions in times of stress. The seminar will assess Basel III, recent developments in the area of resolution and recovery and our own experiences with banking supervision, and in particular those gained under the Single Supervisory Mechanism and its supervisory methods and procedures. It will focus on both theory and practice where possible. For each topic we will discuss the theoretical background, implementation process, empirical results and lessons learned. The seminar will cover the overall implementation project by the supervisor, the adjustments made to the supervisory working programmes and the practical experiences. The aim is to help make supervision more intrusive and proactive. Target group Heads and senior staff members of supervisory departments (one or two participants per country). Contents General outline of Basel III Liquidity risk (LCR, NSFR) Capital under Basel III Credit risk Interest rate risk Market risk Stress testing Capital planning Funding plans Recovery and resolution (BRRD and TLAC) Single Supervisory Mechanism Contact information Should you have any questions or need additional information, please feel free to contact Mr Koen Holtring (k.holtring@dnb.nl) of DNB s Supervisory Policy Division. Deadline for applications: 19 September

22 Summary information of technical cooperation activities by DNB over previous years 22 Overview of activities Number of... Events in Amsterdam Events Participants Central banks Events in abroad Events Participants Central banks 30 16** 16** Total Events Events Participants Central banks * The total number of persons from central banks (and related institutions or in some cases local financial institutions) that participated in a technical cooperation event or training. ** Not counting central banks trained abroad at international seminars.

23 DNB international workshop and seminar programme 2016 Breakdown of DNB activities in % 11% 23 5% 30% 47% Measured as percentage of total number of events International seminars/workshops in Amsterdam International seminars/workshops abroad Study visits to DNB Expert advice/study to DNB Eurosystem/thirdparty funding Central bank participation Number of central banks that participated in one or more technical cooperation activities by DNB

24 About us 24 The Technical Cooperation Centre coordinates the TC activities of De Nederlandsche Bank. It is responsible for the planning, logistics, financing, monitoring and evaluation of these activities, in cooperation with DNB s Events and Travel Unit. The Centre was set up in 1998, after the membership of the Netherlands IMF Constituency had increased to thirteen countries 1, many of which were in transition from a state-led to a marketled economy. Long-term relationships have since developed. For instance, since 1999 DNB has had the opportunity to provide some form of training to over 3,000 staff of the three central banks that receive most of our bilateral assistance. This includes persons who were given training more than once. In the technical cooperation model that DNB uses, the expertise is not provided by the Technical Cooperation Centre itself, but by experts from DNB who work in the relevant areas. To this end, all business areas earmark a certain amount of time for technical cooperation in each calendar year. Each business area appoints a contact person, who has an overview of the available expertise and the availability of experts. Each year, around 75 experts provide technical assistance to around 80 events or missions. In November each year, the Technical Cooperation Centre publishes a brochure on the DNB International Seminar Programme for the calendar year ahead. The Programme has existed since Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, the Republic of Macedonia, Moldova, Montenegro, the Netherlands, Romania, Ukraine. In October 2012, Belgium (co-chair) and Luxembourg joined the Constituency.

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