ESE Training Brochure 2016

Transcription

EUROPEAN SUPERVISOR EDUCATION INITIATIVE
ESE Training Brochure 2016
www.ese-initiative.org
CONTENTS
Foreword
1 About us
5
2 ESE Trainings in 2016
6
2.1Overview
6
2.2 Seminars for Banking Supervisors
7
2.3 Cross-Sectoral seminars
14
2.4 “Soft skill” seminars
18
3 How to apply 22
ANNEXES
1 Training Statistics 2015
2 Mission Statement
3 Organisational Structure
4 Framework for Cooperation
LIST OF ABBREVIATIONS
BaFin
German Federal Financial Supervisory Authority / Bundesanstalt für Finanzdienstleistungsaufsicht
BBK
Central bank of Germany / Deutsche Bundesbank
BCL
Central bank of Luxemburg / Banque centrale du Luxembourg
BoS
Central Bank of Slovenia / Banca Slovenije
CNB
Czech National Bank / Česká národní banka
DNB
Central Bank of the Netherlands / De Nederlandsche Bank
EBA
European Banking Authority
EIOPA
European Insurance and Occupational Pensions Authority
ESAs
European Supervisory Authorities (EBA, ESMA, EIOPA)
ESMA
European Securities and Markets Authority
ESE
European Supervisor Education Initiative
FSI
Financial Stability Institute (at the Bank for International Settlements)
OeNB
Central bank of Austria / Oesterreichische Nationalbank
EUROPEAN SUPERVISOR EDUCATION INITIA
FOREWORD Looking back at 2015, it was a busy year in the world of financial supervision. This was a year
marked by the implementation of the SSM – a year during which the construct of the SSM had to
prove its practical applicability to meet the challenges of the current supervisory landscape. The
ESE was on hand to provide support and fulfil its fundamental objective of promoting a common
European supervisory culture. Thus, the ESE contributed to the SSM by offering suitable supplementary training opportunities for financial supervisors and by seeking to integrate new
perspectives and requirements into its existing seminar range.
With 472 participants from 38 countries, the ESE played a part in achieving common standards
in European financial supervision in 2015. In addition to successfully holding its technical and
soft-skill seminars, the ESE’s other accomplishments did more than just highlight the success of
the initiative − they also revealed the demand for open exchange, which has always been a
fundamental component of the ESE’s concepts.
On 1 and 2 October 2015, the Czech National Bank hosted the fourth ESE Conference entitled
“Financial supervision in Europe – on the right track?” in Prague. This event covered a wide
range of interesting topics, all relating to the creation of the pillars of a banking union in response
to the financial crisis. Experts from the field of supervision and the banking industry as well as
academics and managing executives analysed the new regulatory framework, explored the
different angles of the SSM and presented their views on the challenges that will arise in the
future. With over 120 participants, this conference was an attractive event featuring high-calibre
lectures and fruitful discussions, and it demonstrated the importance of offering a platform for
open dialogue to all those affected by one of the most complex measures in financial super
vision’s recent history.
The ESE strives to work with other institutions responsible for financial supervision in Europe.
Therefore, we were delighted to work with the BIS’s Financial Stability Institute in Basel and the
European Supervisory Authorities on joint seminars in 2015. As participants are able to profit in
a unique way from the shared expertise and knowledge imparted by these institutions, all of
which are engaged in providing training to financial supervisors, the ESE will continue to work
with these institutions in 2016.
The ESE is an organisation that strongly depends on the experience, traditions and expertise
provided by its alliance of partners. With that in mind, the ESE was especially delighted when De
Nederlandsche Bank decided to join the ESE as a full member in 2015. With its seven member
institutions from Austria, the Czech Republic, Germany, Luxembourg, the Netherlands and
Slovenia, the ESE is in a good position to meet the challenges of the future and to respond to
current changes in financial supervision.
Finally, the ESE would like to thank all those who supported the initiative last year and welcomes
their ongoing support in the future. All efforts will be dedicated to offering high-level training in
3
order to achieve our goal of creating highly qualified supervisors who see themselves as
networkers helping to ensure a stable and sound financial system. The past year has proved that
the ESE’s approach, with its overall objective of fostering a joint supervisory culture in Europe, is
based on a valid and well-received concept. The ESE’s idea has taken root.
Dr. Stefan Blochwitz
(Chairman of the Programme Council)
ESE‘S PROGRAMME COUNCIL:
Stefan Blochwitz
Gabriela de Raaij
Thomas Schmitz-Lippert
Norbert Goffinet
David Rozumek
Deutsche Bundesbank
(Chair)
Oesterreichische
Nationalbank
Bundesanstalt für
Finanzdienst
leistungsaufsicht
Banque centrale
du Luxembourg
Czech National Bank
Stanislava Zadravec
Caprirolo
Iskander Schrijvers
Bank of Slovenia
4
De Nederlandsche Bank
1. ABOUT US The European Supervisor Education Initiative (ESE) was established in 2009 as an alliance of the
German Federal Financial Supervisory Authority (BaFin), Deutsche Bundesbank (BBK),
Oesterreichische Nationalbank (OeNB) and the Goethe Business School (GBS) at Goethe University
in Frankfurt. In 2010, the Banque centrale du Luxembourg (BCL) became a member of ESE. The
Czech National Bank (CNB) and the Bank of Slovenia (BoS) joined as full members in 2014 as well
as the De Nederlandsche Bank (DNB) in 2015.
The ESE pursues two main objectives: to offer European financial supervisors high-level training
under uniform standards and to promote a common European supervisory culture and practice.
ESE offers a modular seminar programme for banking, insurance and securities supervisors at
various locations in Europe. The programme is aimed at strengthening cooperation between
supervisory authorities by the exchange of information and transfer of knowledge (see Mission
Statement, Annex 2).
Referring to its organisational structure, ESE is governed by three bodies, i.e. the Programme
Council, the Steering Committee and the Secretariat (see Annex 3 for an overview on their
respective compositions and functions).
As described in its mission statement ESE is always open to new members. Any contribution by
European supervisory institutions or central banks sharing the idea that further training is crucial
to the success of financial supervision is highly appreciated. The framework for cooperation can
be found in Annex 4. Current information about ESE’s activities are available on the website
www.ese-initiative.org.
5
2. ESE TRAININGS IN 2016
OVERVIEW
Seminar title
Planned Dates
Venue
30.3. – 1.4.
Vienna
26.9. – 28.9.
Eltville
25.4. – 27.4.
Prague
28.11. – 30.11.
Eltville
1.2. – 3.2.
Eltville
13.6. – 15.6.
Ljubljana
30.11. – 2.12.
Vienna
23.3. – 24.3.
Ljubljana
24.10. – 25.10.
Luxemburg
ICAAP – Capital SREP
13.12. – 15.12.
Eltville
FSI-ESE-BSCEE Cooperational Seminar “Leverage ratio and Interest
Rate Risk in the Banking Book”
12.4. – 14.4.
Prague
Risk Models in Banks
2nd half of 2016 t.b.d.
Seminars for Banking Supervisors
Interest rate risk and asset-liability-management in banks
Stress testing and asset quality review
IFRS vs. Basel requirements for banks
ILAAP – Evaluation of liquidity risk management
Cross-Sectoral seminars
Capital Markets: Innovative Products
(jointly with EBA)
7.4. – 8.4.
Financial stability and the macro/microprudential link
2nd half of 2016 t.b.d.
Sectoral Group and Conglomerates Supervision and Colleges of
Supervisors (jointly with EIOPA)
12.5. – 13.5.
Berlin
Consumer Protection
1.12. – 2.12.
Berlin
Intercultural Competencies for European Supervisors
13.6. – 15.6.
Vienna
Meeting Skills for European Supervisors
2.5. – 4.5.
Eltville
18.10. – 20.10.
Prague
Inspection skills for European Supervisors
14.3. – 16.3.
Eltville
14.9. – 16.9.
t.b.d.
English & Communication Skills for European Supervisors
25.4. – 27.4.
Luxemburg
5.10. – 7.10.
Vienna
Prague
“Soft Skills” seminars
6
2.2 SEMINARS FOR BANKING SUPERVISORS
Title
Interest Rate Risk and Asset-Liability-Management in Banks
Seminar type
Seminar for banking supervisors
Target group
This seminar is aimed at experts from supervisory authorities and central
banks whose work focus is the stability and supervision of the banking
industry and who have already gained some expertise in the fields
covered by this seminar.
Objectives
Participants should increase their knowledge of Interest Rate Risk and
Asset-Liability-Management (ALM) in banks on a high level and find a
forum of specialists to exchange experiences, supported by international
consultants as well as experts from international banks. Participants will
have a chance to familiarize themselves with best practice models,
discuss different approaches and share their experiences.
Content
•Interest rate risk – key elements and management strategies
• ALM analysis and target figures
• ALM analysis and derivation of cash flow parameters
• Value management in the banking book
• Prudential Treatment of Interest Rate Risk
• Economic risk measurement in the banking book
• Management strategies in the banking book
• Asset Liability Management in an international banking group
• Management strategies in the banking book
• Planning of net interest income
Format
Lectures, discussions, case studies, simulation exercises (using laptops)
Duration
2½ days
Organization
Deutsche Bundesbank jointly with Oesterreichische Nationalbank
Trainers
Consultants, supervisory experts, experts from banking industry
Seminar fee
1.000 Euro
Dates(s)/venue(s)
30 March – 1 April 2016 in Vienna
26 – 28 September 2016 in Eltville
7
Title
8
Stress testing and Asset Quality review
Seminar type
Target group
The course is intended for experts from central banks and supervisory
authorities, who have already gained basic expertise of stress testing and
asset quality review and want to enhance their knowledge. Participants
are invited to take an active role in the discussions.
Objectives
The program is designed to familiarize the participants with the newest
regulatory requirements and supervisory approaches related to the issue
of stress testing and asset quality review. Participants will have a chance
to discuss the stress testing related topics on a broad basis with experts
from the academia, EU institutions, national supervisory authorities/
central banks as well as from the financial services industry and to
familiarize themselves with key supervisory issues related to asset quality
review, discuss different approaches and share their experiences.
Content
•Asset quality and stress testing - an academic view
• Regulatory requirements on stress testing
• Essentials of the 2016 EU-wide stress test and The new EBA GLs
on stress testing
• Stress testing: national supervisor´s view
• AQR and stress testing
• Stress testing in practice
Format
Lectures, discussions
Duration
2½ days
Organization
Deutsche Bundesbank jointly with Czech National Bank
Trainers
Supervisory experts, experts from banking industry and Academia
Seminar fee
Approx. 400 Euro
Date(s) and venue(s)
26 - 27 April in Prague
28 - 30 November in Eltville
Title
Seminar type
Target group
This seminar is aimed at experts from supervisory authorities and central
banks whose work focus is the stability and supervision of the banking
industry and who have already gained some expertise in the fields
covered by this seminar.
Objectives
Participants should increase their knowledge on IFRS and the Basel
requirements in banks on a high level and find a forum of specialists to
exchange experiences. Participants will have a chance to discuss different
approaches and share their experiences.
Content
•Basic similarities and differences between IFRS and Basel requirements
• Basel requirements
• Regulatory reporting
• IFRS with impact on capital resources
• IAS 39 as most important standard with significant impact on the
balance sheet of banks, foreseeable changes under IFRS 9 included
• Equity versus liability
• Concepts of impairment and application of parameters according to
Basel to determine the fair value of loans
• Consolidation scope
• Securitizations
Format
Duration
2½ days
Organization
Deutsche Bundesbank jointly with Oesterreichische Nationalbank
and Bank of Slovenia
Trainers
Accounting experts from academia and consultancy
Seminar fee
1.150 Euro
01 – 03 February 2016 in Eltville
13 – 15 June 2016 in Ljubljana
30 November – 02 December 2016 in Vienna
9
Title
10
ILAAP – Evaluation of Liquidity Risk Management
Seminar type
Target group
This seminar aims to prepare banking supervisors on liquidity risk to
assess and evaluate the liquidity risk management practices of financial
institutions in a broad sense and offers participants an opportunity to
share and deepen their knowledge on the application of the new ILAAP
framework.
Objectives
The programme is designed to familiarize the participants with the
current regulatory issues in liquidity risk management and supervision by
combining regulatory SSM and non-SSM aspects. This seminar offers
participants from central banks and financial sector supervisory
authorities an opportunity to share and deepen their knowledge on the
Supervisory Review and Evaluation Process (SREP) and its Internal
Liquidity Adequacy Assessment Process (ILAAP). Supervisors with long
track records in the supervisory environment will highlight the state-ofplay on liquidity risk from a supervisory perspective. Participants will
have the chance to discuss liquidity-related topics on a broad basis with
experts from competent authorities, ECB, EBA and a bank representative
from an international, cross-border operating bank.
Content
•Regulatory requirements on liquidity risk management
• SSM methodology on ILAAP
• Best practice from a SSM member
• Best practice from a non-SSM member
• The EBA`s current work on liquidity risk
• An insight from the banking industry
• Liquidity stress testing
• Liquidity regulation – quo vadis?
Format
Presentations, discussions, panel discussion
Duration
2 days
Organization
OeNB, CNB, DNB, BCL, BoS, BBK
Trainers
Supervisory experts, industry experts
Seminar fee
600 Euro
23 – 24 March 2016 in Ljubljana
24 – 25 October in Luxemburg
Title
ICAAP - Capital SREP
Seminar type
Target group
This seminar aims to prepare banking supervisors to assess and evaluate
the capital management practices of financial institutions in a broad
sense and offers participants an opportunity to share and deepen their
knowledge on the application of the new Capital-SREP framework.
Objectives
The programme is designed to familiarize participants with the current
regulatory issues in capital management and supervision by combining
regulatory SSM and non-SSM aspects. The seminar offers participants from
central banks and financial sector supervisory authorities an opportunity
to share and deepen their knowledge on the Supervisory Review and
Evaluation Process regarding capital management (Capital-SREP). Participants will have the chance to discuss related topics on a broad basis with
experts from competent authorities, ECB, EBA and the financial industry.
Content
•Regulatory requirements on Capital-SREP
• EBA’s current work on Capital-SREP
• SSM methodology on Capital-SREP
• Best practice from a non-SSM member
• An insight from the banking industry
• Stress testing and integration in the Capital-SREP
• Panel discussion
This seminar is newly designed. The content is subject to changes. The
exact content will be described in the concrete seminar announcement.
Format
Presentations, discussions, panel discussion
Duration
2 days (over 3 calendar days)
Organization
OeNB, BoS, CNB, BBK
Trainers
Supervisory experts, industry experts
Seminar fee
approx. 600 Euro
13 – 15 December 2016, Eltville
11
Title
12
FSI-ESE-BSCEE Cooperational Seminar “Leverage ratio and Interest
Rate Risk in the Banking Book”
Seminar Type
Seminar for banking supervisiors
Content
The topic and content of the annual cooperational seminar with FSI
changes every year. The exact content will be described in the concrete
seminar announcement.
Duration
2½ days
Seminar Fee
no fee
12 – 14 April in Prague
Title
Risk Models in Banks
Seminar type
Target group
The seminar addresses banking supervisors who would like to broaden
their understanding of knowledge in risk management and regulation with
regard to regulatory internal risk models (Pillar 1).
Objectives
Participants should increase their knowledge of regulatory risk models in
banks on an advanced level and find a forum of specialists in order to
exchange experiences. Also, participants will have a chance to familiarize
themselves with best practice models, discuss different approaches and
share their experiences.
Content
•Risk models in financial institutions – Lessons learnt up to now
from the financial crisis – An Academic View
• Market risk Models in banks (supervisory expert)
• Challenges in modelling Market Risk (industry expert)
• Credit risk models in banks (supervisory expert)
• Challenges in modelling Credit Risk (industry expert)
• Operational risk models in Banks (supervisory expert)
• Challenges in modelling Operational Risk (industry expert)
Format
Duration
2½ days (over 3 calendar days)
Organization
Deutsche Bundesbank
Trainers
Supervisory experts, experts from banking industry, academia
Seminar fee
approx. 500 Euro
t.b.d.
13
2.3 CROSS-SECTORAL SEMINARS
Title
14
Capital Markets: Innovative Products
Seminar type
Cross-sectoral seminar
Target group
The course is intended for experts from central banks and supervisory
authorities, who have already gained basic expertise of capital markets
and their functioning and want to enhance their knowledge, especially in
the area of innovative products. Participants are invited to take an active
role in the discussions.
Objectives
The program is designed to familiarize the participants with the newest
proposals and supervisory issues related to the reform of the securitization
markets in the EU as well as market trends and developments in the area
of structured products and their distribution.
This seminar offers participants from central banks and financial sector
supervisory authorities an opportunity to share and deepen their
knowledge on the loan originating funds, their structures and investment
strategies in the recent years as well as the dramatic growth in the
so-called liquid alternative funds which include UCITS as well as funds
organized under the US 40 Act legislation.
Participants will have a chance to discuss the capital market related
topics on a broad basis with experts from the alternative asset management
industry, legal practitioners and leading academics and to familiarize
themselves with key supervisory issues related to the asset classes and
products in question, discuss different approaches and share their
experience.
Content
•Structured Products
• New securitisation products
• Private debt and loan funds
• Liquid alternative funds
• Distribution challenges
Format
Presentations, discussions, panel discussions
Duration
1½ days
Organization
Czech National Bank
Trainers
Supervisory experts, experts from banking industry, academia
Seminar fee
500 Euro
07 - 08 April 2016 in Prague
Title
Financial stability and the macro/microprudential link
Seminar type
Content
This seminar is newly designed. The exact content will be described in
the concrete seminar announcement.
15
Title
16
Sectoral Group and Conglomerates Supervision and Colleges of
Supervisors
Seminar type
Target group
The seminar is designed for staff of national competent supervisory
authorities of the European Supervisory Authorities, who are, or will be,
involved in colleges of supervisors. The seminar is particularly aimed at
supervisors from the different supervisory sectors who have only recently
started to organize colleges, or to attend them, or at supervisors that
have been involved for a longer time and would like to get inspiration and
a broader overview of the cooperation amongst supervisors in other
sectors. The cross-sector aspect will be of particular relevance to
supervisors who attend or organize cross-sectoral colleges. Supervisors
from the Single Supervisory Mechanism or from non-EEA countries, who
attend EEA colleges, are also welcome.
Objectives
The objective of this seminar is to improve the competence of participants involved in supervisory colleges – be it as a home or a host supervisor, in an insurance, a banking or in a central counterparty (CCP) college.
This will be achieved not only through presentations of experts in the
field, but also through active involvement in breakout sessions and
interaction with experts of the various subject matters.
Content
•Legal and regulatory background of the cooperation amongst supervisors;
• Specific challenges relating to sharing and using information at colleges;
• Colleges documents; ESA´s templates such as college coordination
arrangements;
• Information from experts who participate in home or host colleges on
practical colleges matters;
• How to organize a college as group supervisor; how to provide effective
input to a colleges meeting as solo/host supervisor
Format
Lectures, panel discussion, breakout-session, case study
Duration
1½ days
Organization
BaFin in cooperation with EIOPA
Trainers
Supervisory experts
Seminar fee
t.b.d.
12 – 13 May in Berlin
Title
Consumer Protection
Seminar type
Target group
The course is designed for newcomers and other interested supervisors
from the relevant supervisory sectors, who are currently involved (or will
be involved in the future) in Consumer Protection issues. The seminar is
open to supervisors from EEA and non-EEA countries.
Objectives
The objective of this seminar is to improve the competence of participants
professionally involved in Consumer Protection issues. This seminar offers
background information to PRIIPS and POG Principles. It provides
recommendations how to handle complaints in insurance supervision.
Supervisory experts will present the examination of prospectuses and
consumer information. They also show the “Employee and Complaints
Register” as an example of Investor Protection. Further, valuable insights
of dealing with the Unregulated Capital Market in Germany will be
provided by experts from BaFin. Finally, there will be room for discussing
lessons learned and possible improvements of existing regulation.
Content
The following topics will be covered and the relevant skills will be
identified and practiced:
•Legal background
•Information from European supervisors
•Tools for effective supervision
•Participants of this seminar will gain an overview of the legal background, their regulatory treatment and the application of supervisory
tools in practice.
Format
Lectures and practical examples
Duration
1½ days
Organization
BaFin
Trainer
Experts from the national and European supervisory field
Seminar fee
t.b.d.
1 – 2 December 2016 in Berlin
17
2.4 “SOFT SKILL” SEMINARS
Title
18
Seminar type
Soft skills seminar
Target group
The course is designed for European Financial Supervisors working in an
international environment and willing to acquire and improve their
intercultural communication skills in order to work more effectively with
their foreign counterparts.
Objectives
The objective of this course is to significantly improve the participants’
ability to operate in a multicultural context and to help them make their
mark and convince foreign contacts; to develop their international
leadership skills.
Content
Insights and techniques to:
•Be aware of the own cultural preferences
•Analyze possible situations in which misunderstandings may arise and
identify ways of improving communication
•Making the most of cultural differences and the added value they
generate
•Reduce stress and misunderstandings in a cross-cultural environment
•Profoundly understand the culture of the people with whom to interact
professionally
•Anticipate and prevent breakdowns in communication stemming from
cultural differences
•Identify common cultural preferences within professional/business
cultures
•Develop common values to ensure effective cooperation
•Acquire the tools needed to successfully work and manage within the
multicultural environment of the international playing field
Format
A mix of theory and practice, exercises, games, case studies and role plays
Duration
2½ days
Organization
Oesterreichische Nationalbank, Deutsche Bundesbank
Trainers
Experienced trainers specialized in the topic
Seminar fee
900 Euro
13 – 15 June 2016 in Vienna
Title
Meeting Skills for European Supervisors
Seminar type
Soft skills seminar
Target group
The course is designed for financial supervisors professionally involved in
(intercultural) meeting and negotiation situations.
Objectives
This seminar has the stated objective to improve the negotiation competence
of participants professionally involved in meetings concerning their
supervision activities. It will promote greater personal self-confidence
and effectiveness. The seminar is designed specifically to negotiation
contexts relevant to supervision environments and situations.
Content
•Defining your negotiation potential and scope
• Working styles and “cultural” competence
• Negotiating specifies: result, timeframes, levels of effort
• Dealing with risk, uncertainty and “non-negotiables”
Format
Highly practical and participatory with a mix of presentations, simulation
exercises and personalized debriefings.
Duration
2½ days
Organization
Deutsche Bundesbank, Czech National Bank
Trainers
Experienced trainers specialized on international meeting and negotiation
situations
Seminar fee
1.300 Euro
02 – 04 May 2016 in Eltville
18 – 20 October 2016 in Prague
19
Title
Inspection Skills for European Supervisors
Seminar type
Soft skills seminar
Target group
This seminar is meant for supervisory staff who regularly take the lead in
external supervisory discussions with institutions.
Objectives
• Applying the supervisory approach model in inspection interviews
•Timely steering and intervention in communication during ongoing
discussion
•Effective cooperation with fellow supervisory officers during external
discussions
• Dealing with dominant status behavior during interviews
•Learning advanced communication skills in dealing with evasive/
reluctant behavior
• Applying interview techniques to uncover and investigate
Content
Day 1: Explanation of “Supervisory approach and discussion model” with
relevant phases (risk identification, risk appraisal, risk mitigation)
Day 2: Practicing risk identification with role-play/actor
Practicing risk appraisal. Group exercises in reaching a joint assessment
through dialogue.
Practicing risk mitigation. Interview with roleplay/actor.
Day 3: Participants choose an individual program from a range of various
modules/sessions: personal coaching, advanced workshops, practicing role
plays with actors in order to work on personal learning objectives.
20
Format
Highly practical and participatory with a mix of presentations, role plays
with actors and personalized debriefings.
Duration
2½ days
Organization
Deutsche Bundesbank
Trainers
Experienced trainers specialized on interview and inspection situations
Seminar fee
1.700 Euro
14 – 16 March 2016 in Eltville
14 – 16 September 2016 t.b.d.
Title
English & Communication Skills for European Supervisors
Seminar type
Soft skills/language seminar
Target group
Regulatory personnel including on-site and off-site inspectors, new and
experienced, specialized supervisors or other central bank/supervisory
authority employees required to communicate in both written and spoken
English in the area of bank, insurance and/or capital markets supervision.
Objectives
Examiners and inspectors are required to understand the broad range of
activities and the inherent risks that are characteristic to banking, the
insurance area and the capital markets as well as ensuring compliance
with regulation and the processes that should be in place to manage the
risks that supervised bodies encounter. This series of courses addresses
the communication skills required when carrying out these tasks in
English. As regulation and supervision throughout the EU varies from
country to country, course participants will have an opportunity to
compare professional experience and to enhance their overall capabilities
in English through intensive interaction.
Content
•Terminology required by examiners in the areas of banking and finance
including licensing, loan portfolios, operational risk and internal
controls, supervising, compliance issues, disclosure, financial fraud,
sanctioning, the markets, information systems and accounting
•Meeting and discussion skills on topics relevant to regulators, including
the Basel requirements, Solvency II, MiFID, European Union directives,
regulatory approach and risk fundamentals, legal issues, business
standards, current trends and issues in the markets
•Writing and presenting short reports and job-relevant issues in English,
with an overall aim at communicating by using diplomatic language and
achieving the correct tone when making enquires and arrangements,
following up on and clarifying issues, filing complaints and reporting
findings.
Format
An interactive style of training will be used to learn and consolidate the
skills required on-the-job. The trainer will provide private written and
verbal individual feedback and participants will be given ample speaking
opportunities in a friendly atmosphere.
Duration
2½ days
Organization
BBK, OeNB, BCL
Trainers
External trainers
Seminar fee
700 Euro
25 – 27 April 2016 in Luxemburg
05 – 07 October 2016 in Vienna
21
3.HOW TO APPLY
On its website www.ese-initiative.org ESE offers the possibility of an online registration. The registration
form can simply be accessed by choosing the item “Seminars” on the website, followed by the item
“Online registration”.
After submitting the registration the sender receives an email containing the data entered in the
registration form. However, this is not the confirmation that a participation is possible. A
message whether participation is possible will be sent out by ESE shortly after the registration
deadline has expired. This date can be found on the respective seminar announcements and in
the programme overview under the item “Programme” on the ESE website.
22
ANNEX 1: TRAINING STATISTICS 2015
Number of ESE member institutions
8
7
6
5
4
3
2
1
0
2009
2010
2011
2012
2013
2014
2015
Number of ESE seminars
30
25
20
15
10
5
0
2009
2010
2011
2012
2013
2014
2015
Number of ESE members and seminars since foundation
Year
2009
2010
2011
2012
2013
2014
2015
Number of ESE member
institutions
4
5
5
5
5
7
7
Number of ESE seminars
25
27
16
22
19
21
25
23
SEMINAR OVERVIEW
ESE SEMINARS IN 2015
Seminar title
Seminars for Banking Supervisors
11
Interest rate risk and asset-liability-management in banks
2
Stress testing and capital management
2
3
Importance of the liquidity risk management for the stability of individual banks and the financial system (jointly with EBA)
2
Regulatory Risk Models in Banks
1
New Approaches to Achieving Consistency in Supervision: Risk-Weighted Asset
Calculation and Liquidity Standards (jointly with FSI)
1
Cross-sectoral seminars
5
Group Supervision and Colleges of Supervisors (jointly with EIOPA)
1
Consumer Protection
1
Financial Conglomerates
1
Financial Stability, Systemic Risk and Macroprudential Policy
1
Securities Trading and Regulation
1
Soft skills seminars
9
Meeting skills for European Supervisors
2
Inspection skills for European Supervisors
3
English & Communication Skills for Supervisory Functions
3
1
Total number of seminars
24
# of seminars
25
PARTICIPANT STRUCTURE
Where do ESE participants come from?
11%
Participants from ESE
member institutions
47%
42%
Participants from
institutions not being ESE
member
Participants from European
institutions with
supervisory functions
Number of participants in 2015
Participants from ESE member institutions
222
Participants from institutions not being ESE member
199
Participants from European institutions with supervisory functions
51
Which seminar type do ESE
participants choose?
Seminars for banking
supervisors
21%
48%
31%
Number of participants in 2015
Seminars for banking supervisors
228
146
98
25
PARTICIPANTS AND INSTITUTIONS BY COUNTRY
Country
Institutions
Name of Institutions
Albania
1
1
Banka e Shqipërisë
Austria
24
2
Oesterreichische Nationalbank,
Österreichische Finanzmarktaufsicht
Belgium
26
1
Nationale Bank van België
Bosnia and Herzegovina
4
1
Agencija za nadzor osiguranja Federacije
Bosne i Hercegovine
Bulgaria
5
1
Българска народна банка
Czech Republic
21
1
Česká národní banka
Denmark
13
2
Danmarks Nationalbank, Finanstilsynet
1
1
Finantsinspektsioon
51
4
EBA, EIOPA, ESMA, European Central Bank
Finland
4
2
Finanssivalvonta, Valtiovarainministeriö
France
12
2
Autorité de contrôle prudentiel et de
résolution, Banque de France
154
2
Bundesanstalt für Finanzdienstleistungsaufsicht, Deutsche Bundesbank
Ghana
1
1
Bank of Ghana
Greece
2
1
Τράπεζα της Ελλάδος
Iceland
2
2
The Central Bank of Iceland, The Financial
Supervisory Authority Iceland
Indonesia
2
1
Otoritas Jasa Keuangan
Ireland
2
1
Central Bank of Ireland
17
1
Banca d’Italia
Latvia
6
1
Finanšu un kapitāla tirgus komisija
Liechtenstein
3
1
Finanzmarktaufsicht Liechtenstein
Lithuania
1
1
Lietuvos bankas
Estonia
European Institutions
Germany
Italy
26
Participants
Country
Participants
Luxemburg
13
2
Banque centrale du Luxembourg, Commission de Surveillance du Secteur Financier
Macedonia
1
1
Агенцијата за супервизија на
осигурување
Malta
3
1
Malta Financial Services Authority
12
1
De Nederlandsche Bank
Norway
3
2
Finanstilsynet, Norges Bank
Poland
9
2
Komisja Nadzoru Finansowego, Narodowy
Bank Polski
Portugal
7
1
Banco de Portugal
Republic of Korea
7
1
Financial Supervisory Service
Republic of Kosovo
5
1
Banka Qendrore e Republikës së Kosovës
Romania
3
1
Banca Naţională a României
Serbia
1
1
Narodna banka Srbije
Slovakia
6
1
Národná banka Slovenska
Slovenia
19
2
Agencija za zavarovalni nadzor,
Banka Slovenije
7
1
Banco de España
11
1
Finansinspektionen
1
1
Swiss Financial Market Supervisory
Authority
12
1
Bank of England
472
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Netherlands
Spain
Sweden
Switzerland
United Kingdom
38 countries
Institutions
Name of Institutions
27
ANNEX 2 MISSION STATEMENT
The European Supervisor Education Initiative (ESE) is a network of European financial supervisory
authorities and central banks. It encourages financial supervisors in Europe to obtain a highlevel qualification in accordance with international standards. It supports a modular seminar
programme for banking, insurance and securities and markets supervisors at various locations in
Europe, and is aimed at strengthening cooperation between supervisory authorities through the
exchange of knowledge and the development of a shared, mutual understanding among seminar
participants. ESE thus supports the concept of a joint supervisory culture and practice in Europe.
The initiative is open to new members, who join on equal terms. We believe that training is
crucial to the success of European financial supervision.
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ANNEX 3 ORGANISATIONAL STRUCTURE
Panel
Composition and tasks
PROGRAMME COUNCIL
Chair + one representative of each
member institution
•Determines strategy and issues /
content for seminars /seminar
programmes
•Mandates implementation
•Monitors results
•Represents ESE in the public arena
Institution Representatives
BaFin
Personal
Thomas Schmitz-Lippert
Head of Division,
International Policy Affairs
BBK
Stefan Blochwitz
BCL
Norbert Goffinet
BoS
Stanislava Zadravec
Caprirolo
Head of Division On-site
Inspections and
Implementation of Basel
Standards
Chair
Head of Financial Stability
and Prudential Supervision
Vice Governor
STEERING COMMITTEE
SECRETARIAT
CNB
David Rozumek
DNB
Iskander Schrijvers
OeNB
Gabriela de Raaij
One or two representative(s) per
member institution
BaFin
•Organises events in collaboration
with the Secretariat
•Delegates organisational tasks to
the member institutions
•Determines quality standards for
all ESE trainings
•Maintains a consistent public image
BBK
Gudrun Hoyer
Johannes Engels
Sven Wirth
Monika Lenkeit
Jacqueline Greisch
Gordana Ilc-Križaj
Milada Hrda
Carola Beers
Karin Dimter
Andreas Furm-Hazivar
Deutsche Bundesbank
Qualification and Training
BBK
•Central communication hub of
the initiative
•maintains uniform processes for all
ESE trainings
•Analyses evaluation results from
seminars and conferences
•Manages contractual and payment
settlement arrangements
•Provides services to all ESE
members
BCL
BoS
CNB
DNB
OeNB
Executive Director Financial
Market Supervision
Department
Head of cluster Resolution
strategies & instruments
Head of Division On-site
Banking Inspections Division –
Large Banks
Sven Wirth (Head)
Monika Lenkeit
(Deputy Head)
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PROGRAMME COUNCIL — COMPOSITION AND FUNCTIONS
The Programme Council of the European Supervisor Education Initiative (ESE) is the initiative’s
highest decision-making body. Comprising a chairperson and one representative from each
member organisation, its members have gained extensive experience in financial supervision at
their institution and are charged with providing ideas for the ongoing development of ESE’s
seminar programme. The chairperson represents ESE externally.
This involves maintaining contacts with institutions and fora within the European “supervisory
community”. The council takes all ESE policy decisions, based on a simple majority of votes cast.
On the basis of a report presented by the Steering Committee, the Programme Council determines
the issues and content that are to be included in the seminar programme. In addition to applying
its members’ own expertise and heeding the Steering Committee’s recommendations, the council
can take advice from third parties, such as institutions or authorities fulfilling supervisory tasks
in Europe, in order to inform these decisions. To this end, it is at liberty to invite guests to its
meetings, or simply ask them to attend to discuss specific items on the agenda.
The Programme Council convenes at least once a year to determine ESE’s strategy and the
issues and content that will be included in the seminars and conferences in the coming year. If
a member is unable to attend, he or she can send a representative, for instance a member of
the Steering Committee. The council mandates the committee with the implementation of its
specifications and monitors the committee’s work on the basis of reports, statistics and evaluations
of the individual seminars.
Please refer to the Foreword to see the members of the Programme Council.
STEERING COMMITTEE — COMPOSITION AND FUNCTIONS
The Steering Committee coordinates the initiative’s activities and works in close cooperation
with the Programme Council and the Secretariat. It comprises one or two representatives from
each member organisation. All members should maintain close contact with their organisation’s
financial supervision and training/human resources divisions.
The committee coordinates all ESE seminars, although on-site organisation can be delegated to
individual member organisations following internal consultation. Moreover, it provides the
Programme Council with proposals for seminars or conferences for the following year. These
recommendations are based, among other things, on the results from evaluations of seminars
and conferences.
On the basis of a draft version compiled by the Secretariat, the committee approves the ESE
training brochure, which comprises the next year’s seminar programme and reviews the seminars
and conferences held in the past year.
Furthermore, the Steering Committee determines ESE’s quality standards and ensures that ESE’s
public image remains consistent. The committee holds regular meetings, also convening at other
times where necessary. If a member is unable to attend, he or she can send a representative.
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MEMBERS OF THE ESE STEERING COMMITTEE:
BaFin
BBK
Gudrun Hoyer
Johannes Engels
Sven Wirth
Monika Lenkeit
BoS
BCL
Jacqueline Greisch
Gordana Ilc-Križaj
CNB
DNB
Milada Hrda
Carola Beers
OeNB
Karin Dimter
Andreas Furm-Hazivar
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SECRETARIAT — COMPOSITION AND FUNCTIONS
Sven Wirth
Head of ESE Secretariat
Monika Lenkeit
Deputy Head of
ESE Secretariat
The Secretariat is in charge of the operational
management of ESE. Working in close cooperation
with the Steering Committee, it is based at the
division “Education and training” at Deutsche
Bundesbank. It regularly and promptly informs
all Steering Committee members of relevant
developments with respect to ongoing preparations for seminars and conferences.
The Secretariat prepares the training brochure
and presents it to the Steering Committee for
approval. In addition to compiling and analysing the evaluation results of individual seminars it
maintains uniform processes for all ESE trainings. Furthermore, it is responsible for contractual
arrangements and settling payments connected with the seminars. The initiative’s official
website (www.ese-initiative.org) is managed and kept up to date by the Secretariat, too.
In its capacity as ESE’s central communication hub, the Secretariat issues e-mails to speakers,
participants and interested parties from the central e-mail address ([email protected])
given as the official contact address in all ESE publications.
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ANNEX 4: FRAMEWORK FOR COOPERATION
INTRODUCING ESE - FRAMEWORK FOR COOPERATION WITH THE EUROPEAN SUPERVISOR
EDUCATION INITIATIVE (ESE)
The European Supervisor Education Initiative (ESE) invites all institutions of financial supervision
in Europe to join its efforts of training financial supervisors with the aim of improving their
knowledge and skills and contribute to a common European supervisory culture and practice.
WHAT IS ESE?
The European Supervisor Education Initiative is a network of European central banks and financial
supervisory authorities. It encourages financial supervisors in Europe to acquire a high-level
qualification and professional skills. It offers a modular seminar programme for financial
supervisors from the banking, insurance and securities and markets sector and staff working in
related fields, and it aspires at strengthening cooperation between supervisory institutions

through the interchange of knowledge and experiences. ESE, thus, supports the development of
a joint supervisory culture and practice in Europe. The initiative is open to new members –
central banks or supervisory authorities – which join on equal terms.
ESE was established in 2009 as a network of Bundesanstalt für Finanzdienstleistungsaufsicht
(BaFin), Deutsche Bundesbank, Oesterreichische Nationalbank and Goethe Business School as an
academic partner. In 2010, Banque centrale du Luxembourg became a member, Czech National
Bank an associated partner. In 2014, the Czech National Bank changed its status from an associated
partner to a membership. In addition, Bank of Slovenia joined ESE as a member. In 2015,
De Nederlandsche Bank became a member of ESE.
In ESE’s organisational structure, the highest decision-making body is the Programme Council,
supported by a Steering Committee and a Secretariat to assure its operation. All ESE members
are represented within this organisational structure on equal terms.
In the seven years of its existence ESE was able to welcome 2,804 participants from an average
of 51 institutions and 32 countries per year, which gives evidence of the success of ESE’s training
concept. While the courses are mainly conducted by supervisors, practitioners from the financial
industry and academics of high standing, ESE has adopted a modular approach for its training
programme to assure flexibility in absorbing new requirements, adaptability to changing
conditions and inter-changeability among participating institutions. Training is always in English
and independent from a particular location.
Every two years, ESE organises a conference on current topics in financial supervision with
high-level speakers, where trends and latest views on topics of interest are being discussed.
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WHY JOIN ESE?
We believe that joining ESE produces significant benefits to the joining party, especially in the
long term:
• ESE’s website - www.ese-initiative.org – is a coordinating platform for communication of training
activities.
ESE will inform potential participants through its network, which comprises financial
• supervisors of all sectors Europe-wide.
• ESE has achieved a unique position as a training initiative and developed its own professional
standards to ensure high quality e.g. by the use of standardised products and processes.
• ESE’s training modules are tailored to a European audience encouraging the interchange of
knowhow and experience among participants.
• ESE offers a wide pool of qualified trainers from a variety of European institutions.
ESE assures the high quality of all its training modules through a consistent process of
• monitoring, management and evaluation.
• ESE’s trainings always consist of a mix of supervisors from different European institutions. This
mix ensures the vivid exchange of approaches and opinions. The opportunity of social linking
is especially encouraged by the social frame programme embedded in the trainings.
• ESE has developed a professional approach with regard to designing, planning, conducting and
evaluating training activities and constantly strives to improve further.
• ESE operates on a cost-coverage basis and thus effectively controls financial risks associated
with its training modules and programmes for financial supervisors.
• ESE holds close contacts with European supervisory institutions seeking to integrate many
views and perspectives into programme development.
• ESE’s experienced Secretariat professionally accompanies new members with all relevant support.
HOW TO JOIN ESE
ESE is always open to new members. Any contribution by European supervisory institutions or
central banks sharing the idea that further training is crucial for the future success of financial
supervision is highly appreciated.
ESE understands its role in offering training activities in the area of financial supervision. The
concept of ESE training allows the integration of existing local courses, and yet to be created,
training modules in a coherent fashion.
There are various forms of cooperation with ESE starting with
• Personal contributions to its programme (e.g. the delegation of participants for training),
• The provision of local infrastructure for seminars (broader variety of locations),
• The transfer of existing local training modules under the ESE umbrella, and
• Membership, which assures representation in ESE’s organisational structure and in decisions
on programme development and strategical issues.
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The specific form of cooperation with each potential partner will be defined jointly together
with ESE.
Once the decision to become an ESE member has been relayed to ESE, it will be approved by the
Programme Council. The new member will then receive a welcome letter by ESE’s chairman.
Apart from this act, there is no strict registration procedure or a contract as such.
Responsibilities and rights
The features of a membership mainly refer to voting rights and the presence in ESE’s committees.
All ESE members meet at least once a year to plan the programme for the following year and to
exchange recommendations and trends with regard to training of financial supervisors. Also,
strategic issues concerning ESE’s future course are being discussed. Every member institution
appoints
• 1 person representing the member institution in the Programme Council
• 1 – 2 persons representing the member institution in the Steering Committee
While in the Programme Council the focus is on the provision of professional input for ESE’s
training programme and strategic direction, the representatives in the Steering Commitee are
involved in the detailed conception, planning, the conduction and evaluation of trainings. Hence,
competencies in the field of vocational training are a valuable asset for a Steering Committee
member. The exchange among the Steering Committee members can be classified as more
frequent than in the Programme Council.
Following ESE’s objective to offer training activities in the field of financial supervision, the
possible contribution linked to an ESE membership can vary from creating, organising and offering
new courses for ESE’s programme (subject to the Programme Council’s approval), or, merely
providing the room capacities and some organisational assistance at the chosen seminar location.
The basic contribution for a member can be defined as hosting at least one seminar per year,
while the ESE Secretariat will be of assistance.
What are the costs cooperating with ESE?
A membership fee does not occur at any time. ESE is a cooperation which operates on a costcoverage basis with no intention to make profit. The participant fees should in principle cover
all seminar costs. Each ESE member bears its own costs for its personnel involved in ESE’s
activities and the organisation of trainings. The ESE Secretariat can be in charge for financial
processes related to the training (e.g. sending out invoices).
SUMMARY
The members of ESE believe that training on a regular basis is crucial to the success of financial
supervision. In our view, ESE is an attractive option to join for any European supervisory institution
committed to training. If ESE can expand its potential by integrating existing training activities,
developing new modules, formats and programmes, and attracting new members, the mission to
make a contribution to financial stability through training of financial supervisors shall be highly
rewarded. Therefore, we invite and encourage all supervisory institutions in Europe to contribute
to this mission by joining us at ESE.
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CONTACTS
Mr Stefan Blochwitz
Chairman of ESE’s Programme Council.
[email protected]
Mr Sven Wirth or Ms Monika Lenkeit
ESE Secretariat, Deutsche Bundesbank.
[email protected]
Version of this framework: February 2016
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