Catalog of seminars 2015

Transcription

Catalog of seminars 2015
INTERNATIONAL BANKING AND FINANCE INSTITUTE
SEMINARS
2015
2015 Seminars • International Banking and Finance Institute
Contents
2015 planning of seminars
Seminar descriptions
2 to 5
7 to 32
IBFI’s specific activities
33
Practical information
35
IBFI’s organisation
37
Banque de France
External Cooperation Directorate
International Banking and Finance Institute – IBFI
Phone: 33 1 42 92 65 92
Contact: [email protected]
1
2
International Banking and Finance Institute • 2015 Seminars
Planning
Seminars
Language
Corporate rating/credit risk assessment by a central bank
French/English
Introduction to DSGE models, level 1
English
International economics and international relations in a central bank
English
Central bank’s governance
Key functions, change management and risks control
French/English
Central bank accounting and budget management
(in collaboration with the Institute of the Central Bank of Tunisia)
French
Payment systems and market infrastructures
French/English
Market risk management in a central bank
(in collaboration with Bank Al Maghrib)
French/English
Financial stability policy of central banks
(in collaboration with the Joint Vienna Institute)
English
Financial stability and banking supervision in the Euro‑Mediterranean area
French/English
Financial consumer protection
French/English
Back‑office operations
French/English
Assessment and control of credit risk
(joint seminar with the Federal Reserve Board)
French/English
Unconventional monetary policies
English
The use of DSGE models for policy analysis, level 2
English
Internal audit and risk management in a central bank
French/English
Biennial seminar: recent developments in insurance supervision
French/English
Market risk management in a central bank
French/English
Workshops
French‑speaking workshop on banking supervision
(joint with the Financial Stability Institute)
French
Workshop • Heads of Human Resources: management and training
French/English
Categories
Monetary policy
Prudential regulation and supervision
Central bank governance
Financial stability
Markets and operations
2015 Seminars • International Banking and Finance Institute
Duration
(days)
Date
Location
Apply before
4
13‑16 January
Paris
13 November 2014
p. 28
5
19‑23 January
Paris
21 November 2014
p. 8
3
4‑6 February
Paris
18 December 2014
p. 9
4
10‑13 February
Paris
10 December 2014
p. 20
2
7‑8 April
Tunis
6 February 2015
p. 21
3
15‑17 April
Paris
16 February 2015
p. 29
3
4‑6 May
Rabat
4 March 2015
p. 30
5
18‑22 May
Vienne
6 March 2015
p. 26
2
27‑28 May
Marseille
By invitation
p. 15
5
29 June‑3 July
Paris
29 April 2015
p. 16
4
7‑10 July
Paris
7 May 2015
p. 31
5
14‑18 September
Paris
10 July 2015
p. 17
2
24‑25 September
Paris
16 July 2015
p. 10
5
28 September‑2 October Paris
16 July 2015
p. 11
4
3‑6 November
Paris
3 September 2015
p. 23
3
17‑19 November
Paris
11 September 2015
p. 18
4
1‑4 December
Paris
5 October 2015
p. 32
3
10‑12 March
Paris
By invitation
p. 14
8‑10 September
Paris
By invitation
p. 22
2.5
Description
3
4
International Banking and Finance Institute • 2015 Seminars
Planning
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
January
1
2
3
4
5
6
7
8
9
10
11
12
Corporate rating/
credit risk
assessment by
a central bank
Sa 17
Su 18
Introduction
to DSGE models,
level 1
Sa
Su
M
Tu
W
Th
F
Sa
24
25
26
27
28
29
30
31
February
Su 1
M 2
Tu 3
International
economics and
international
relations in
a central bank
Sa
Su
M
7
8
9
Su
M
Tu
W
Th
F
Sa
Su
M
French‑speaking
workshop on banking
supervision
Central bank’s
governance
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Monetary policy
Prudential regulation and supervision
Central bank governance
Financial stability
Markets and operations
March
1
2
3
4
5
6
7
8
9
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
W
Th
F
Sa
Su
M
April
1
2
3
4
5
6
Central bank
accounting and
budget management
Th
F
Sa
Su
M
Tu
9
10
11
12
13
14
Payment
systems
and market
infrastructures
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
18
19
20
21
22
23
24
25
26
27
28
29
30
F
Sa
Su
May
1
2
3
Market risk
management
in a central bank
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
7
8
9
10
11
12
13
14
15
16
17
Financial
stability
policy
of central banks
Sa
Su
M
Tu
23
24
25
26
Financial stability and
banking supervision in the
Euro‑Mediterranean area
F 29
Sa 30
Su 31
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
June
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Financial
consumer protection
2015 Seminars • International Banking and Finance Institute
July
Financial
consumer protection
Sa
Su
M
4
5
6
Back‑office
operations
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
August
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
September
Tu 1
W 2
Th 3
F
4
Sa 5
Su 6
M 7
Workshop •
Heads of Human
Resources
F 11
Sa 12
Su 13
Assessment
and control
of credit risk
Sa
Su
M
Tu
W
19
20
21
22
23
Unconventional
monetary policies
Sa 26
Su 27
The use
of DSGE models
for policy analysis,
level 2
October
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
November
Su 1
M 2
Internal audit
and risk
management
in a central bank
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
7
8
9
10
11
12
13
14
15
16
Biennial seminar:
recent developments
in insurance
supervision
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
20
21
22
23
24
25
26
27
28
29
30
December
Market risk
management
in a central bank
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
F
Sa
Su
M
Tu
W
Th
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
5
2015 Seminars • International Banking and Finance Institute
7
Monetary
policy
International Banking and Finance Institute • 2015 Seminars
8
Introduction to DSGE models
Level 1
19‑23 January 2015
Person in charge: Michel Juillard
Objective
Content
This seminar is the first part of a two‑session course on
dynamic stochastic general equilibrium (DSGE) models.
Mornings will be dedicated to presentations of the
main concepts, afternoons to case studies based on
the Dynare platform:
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.
• introduction to Dynare;
• the neoclassical growth model;
• neo‑Keynesian extensions;
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.
• introduction to Bayesian econometrics;
• case studies: a full‑fledged example.
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.
Duration
5 days
Apply before
21 November 2014
Language
English
Venue
Paris
Contact
Thierry Cusson
Contact address
dsge1‑2015@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
2015 Seminars • International Banking and Finance Institute
International economics and international
relations in a central bank
4‑6 February 2015
Person in charge: Thierry Cusson
Objective
Content
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.
This seminar will cover the following topics:
Participants
• research on international economics,
current international issues;
• decision‑making processes
within institutions/authorities;
• the international institutions and their functions;
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 …)
Duration
3 days
Apply before
18 December 2014
Language
English
Venue
Paris
Contact
Thierry Cusson
Contact address
international@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• le cadre économique et monétaire européen ;
• bilateral and multilateral cooperation
(technical assistance, training, etc.);
• practical aspects of the organisation
of the meetings, and information systems.
9
International Banking and Finance Institute • 2015 Seminars
10
Unconventional monetary policies
24‑25 September 2015
Person in charge: Thierry Cusson
New
Objective
Content
This seminar aims to deepen the understanding
of the measures taken by major central banks since
the crisis in terms of direction and implementation
of the monetary policy.
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;
Participants
• focus on the implementation of monetary policy;
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.
• yield curve and zero interest rate floor;
• measuring the effects of unconventional
monetary policy;
• modelling and crisis.
Duration
2 days
Apply before
16 July 2015
Language
English
Venue
Paris
Contact
Thierry Cusson
Contact address
polmon2015@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
2015 Seminars • International Banking and Finance Institute
The use of DSGE models for policy analysis
Level 2
28 September‑2 October 2015
Person in charge: Michel Juillard
Objective
Participants
This seminar is the second part of a two‑session
course on dynamic stochastic general equilibrium
(DSGE) models.
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.
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.
Participants will have prerequisite in economic modeling:
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.
• 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
16 July 2015
Language
English
Venue
Paris
Contact
Thierry Cusson
Contact address
dsge2‑2015@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
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.
11
2015 Seminars • International Banking and Finance Institute
13
Prudential
regulation and
supervision
International Banking and Finance Institute • 2015 Seminars
14
French‑speaking workshop
on banking supervision
(joint with the Financial Stability Institute)
10‑12 March 2015 (by invitation only)
Person in charge: Jean‑Luc Quemard
Objective
Participants
This seminar aims to:
This practical seminar is intended for French‑speaking
banking supervisors designated by their institutions
and who have a relevant experience in the field
of banking supervision.
• deepen skills and knowledge regarding supervision
of cross‑border banking groups;
• give the supervisor a practical view of
risk identification relating to cross‑border
banking groups;
• become familiar with useful tools and devices
for an effective supervision of cross‑border
banking groups;
• prepare the practical implementation of recent
de publications by the Basel Committee that are
relevant in the context of emerging countries.
Content
The following topics will be covered and taken as
case studies:
• risk analysis from the point of view of the host
country and the country of origin;
• requirements in terms of governance, internal
control and communication;
• requirements in terms of net equity and liquidity
management;
• consolidated supervision;
Duration
3 days
Apply before
By invitation
Language
French
Venue
Paris
Contact
Jean‑Luc Quemard
Contact address
supervision@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• cooperation between the authorities of the country
of origin and the authorities of the host country;
• roles of colleges of supervisors;
• crisis management of cross‑border banking groups;
• presentation and implementation of the Basel
Committee recommendations (e.g. large exposures
regime/risk division, identifying and monitoring
problem banks, Pillar 3).
A roundtable will be organised in order to enable
exchanges of information and experiences among
the participants, especially by short presentations
of their national issues.
2015 Seminars • International Banking and Finance Institute
Financial stability and banking supervision
in the Euro‑Mediterranean area
27‑28 May 2015 (by invitation only)
Persons in charge: Jean‑Luc Quemard and Hedi Jeddi
Objective
Participants
This seminar is designed to:
Seminar by invitation only.
• provide a framework of exchanges between
European and Mediterranean supervisors;
This practical seminar is intended for high level
prudential supervisors – level: deputy director general
or prudential supervision director.
• take stock of the common specificities and risks
in the Euro‑Mediterranean area;
• identify the different steps of development in
prudential supervision and their key‑success factors;
• exchange best practices about the implementation
of resolution mechanisms.
Content
The following topics will be covered:
• banking risks in the Euro‑Mediterranean zone;
• mechanisms and tools of resolution;
• benchmarks;
• banking crisis management:
what recommendations?
• What are the priorities for cooperation?
Duration
2 days
Apply before
By invitation
Languages
French and English with simultaneous interpretation
Venue
Marseille
Contacts
Jean‑Luc Quemard and Hedi Jeddi
Contact address
euromed2015@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
15
International Banking and Finance Institute • 2015 Seminars
Financial consumer protection
16
29 June‑3 July 2015
Person in charge: Jean‑Luc Quemard
Objective
Content
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.
This seminar will cover the following topics:
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.
Duration
5 days
Apply before
29 April 2015
Languages
Duration
French
5 days and English with simultaneous interpretation
Venue
Apply before
Paris
9 July 2014
Contact
Languages
Jean‑Luc
Quemard
French with
simultaneous interpretation into English
Contact
Venue address
consumer2015@banque‑france.fr
Paris
Online
registration
Contacts
https://www.banque-france.fr/en/eurosystemJean‑Luc Quemard: jean‑luc.quemard@
international/the-international-banking-and-financebanque‑france.fr
institute/training-seminars/registration.html
Chantal Gadroy: chantal.gadroy@banque‑france.fr
• 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 general purpose databases about individuals
that are managed by the Banque de France;
• the information of the general public and
the banking mediation in France;
• the management of households over‑indebtedness
situations;
• the control of commercial practices of the banking
and insurance industries.
Time during the seminar will be dedicated to
exchanges of information and experiences between
the participants, by briefly presenting their own
national approaches of the problem or participating
into workshops.
2015 Seminars • International Banking and Finance Institute
Assessment and control of credit risk
(joint seminar with the Federal Reserve Board)
14‑18 September 2015
Person in charge: Jean‑Luc Quemard
Objective
Content
This seminar is designed to:
The following topics will be covered and taken as
case studies:
• deepen participants’ knowledge of credit risk
management;
• give a practical view of credit risk management
through case studies;
• be familiar with examination techniques;
• be able to develop a final risk profile and identify
appropriate supervision tools.
• definition of credit risk;
• the Basel rules for credit risk;
• credit risk management (including RAROC and
portfolio management);
• credit risk off‑site control;
• credit risk on‑site control;
Participants
• rating system (conception, validation);
This practical seminar is intended for all examiners with
relevant field experiences and who have participated in
on‑site or off‑site examinations of banks.
• Probability of Default (PD), Loss Given
Default (LGD), Exposure at Default (EAD);
• stress testing;
Duration
5 days
Apply before
10 July 2015
Languages
Duration
French
5 days and English with simultaneous interpretation
Venue
Apply before
Paris
9 July 2014
Contact
Languages
Jean‑Luc
Quemard
French with
simultaneous interpretation into English
Contact
Venue address
creditrisk15@banque‑france.fr
Paris
Online
registration
Contacts
https://www.banque-france.fr/en/eurosystemJean‑Luc Quemard: jean‑luc.quemard@
international/the-international-banking-and-financebanque‑france.fr
institute/training-seminars/registration.html
Chantal Gadroy: chantal.gadroy@banque‑france.fr
• implementation by banks and validation of
advanced systems.
Time during the seminar will be dedicated to
exchanges of information and experiences between
the participants, by briefly presenting their own
national approaches of the problem or participating
into workshops.
17
International Banking and Finance Institute • 2015 Seminars
18
Biennial seminar :
recent developments in insurance supervision
17‑19 November 2015
Person in charge: Jean‑Luc Quemard
Objective
Content
This seminar aims at giving participants a good
command of the principles of insurance supervision
and information concerning recent developments in
insurance regulation as well as the conditions for
their implementation.
This seminar will cover the following topics:
• organisation and general principles of insurance
supervision:
– the integrated supervision model;
Participants
This seminar is intended for senior prudential
supervisors, particularly in the insurance sector,
as well as senior managers involved in the
development of prudential regulation.
– an expanded scope including the control
of business practices;
– governance;
• regulatory developments: from Solvency I
to Solvency II:
– objectives and general principles;
– the three pillars of Solvency II;
• challenges for insurance supervision:
Duration
3 days
Apply before
11 September 2015
Languages
Duration
French
5 days and English with simultaneous interpretation
Venue
Apply before
Paris
9 July 2014
Contact
Languages
Jean‑Luc
Quemard
French with
simultaneous interpretation into English
Contact
Venue address
insurance15@banque‑france.fr
Paris
Online
registration
Contacts
https://www.banque-france.fr/en/eurosystemJean‑Luc Quemard: jean‑luc.quemard@
international/the-international-banking-and-financebanque‑france.fr
institute/training-seminars/registration.html
Chantal Gadroy: chantal.gadroy@banque‑france.fr
– changes in the prudential approach to take
into account the developments in the area
and its regulation;
– strengthening groups supervision;
– supervision and macroprudential tools;
– cross border cooperation.
2015 Seminars • International Banking and Finance Institute
19
Central bank
governance
International Banking and Finance Institute • 2015 Seminars
Central bank’s governance
Key functions, change management and risks control
10‑13 February 2015
Person in charge: Hedi Jeddi
New
20
Objective
Content
This seminar aims to examine the objectives,
the implementation methods and the tools that
central banks have developed in order to adopt
good Governance. Fundamental Governance features
will be addressed through central banks’ missions,
change management and risk control.
This seminar will cover the following topics:
Participants
This seminar is aimed at central banks’ managerial
staff working in the areas of General Secretariat,
strategy, administrative and financial management,
audit, communication policy, and/or working in close
relationship with their Governor’s office.
• statutory independence of a central bank,
accountability, decision process, role of
internal committees;
• governance of monetary policy, governance
of branches’ network;
• governance of proprietary trading, budgetary
and financial management;
• strategy management, change management
in particular in human resources and IT areas;
• risks’ prevention, monitoring operational and
IT risks, internal audit, professional ethics.
Roundtables will be organised to foster exchanges
of information and sharing of best practices among
the participants.
Duration
4 days
Apply before
10 December 2014
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
governance15@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
2015 Seminars • International Banking and Finance Institute
Central bank accounting
and budget management
(in collaboration with the Institute of Central Bank of Tunisia)
7‑8 April 2015
21
Person in charge: Hedi Jeddi
Objective
Content
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.
This seminar will cover the following topics:
Participants
• accounting principles and techniques
carried out and their implementation
into the central banking areas;
This seminar is intended for managerial staff
in charge of financial and accounting departments
or services within a central bank.
Duration
2 days
Apply before
6 February 2015
Language
French
Venue
Tunis (Tunisia)
Contact
Hedi Jeddi Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• budget and strategic planning process;
• financial balance and financial risk management
in a central bank;
• accounting organisation, environment of control
and main accounting reports;
• management control, cost accounting and reporting.
International Banking and Finance Institute • 2015 Seminars
Workshop Heads of Human Resources:
management and training
8‑10 September 2015 (by invitation only)
Person in charge: Thierry Cusson
22
Objective
Content
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,
whose number will be intentionally limited.
This seminar will cover the following topics:
Participants
This workshop is intended for directors or managers
of equivalent level of responsibility.
• 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
among participants in order to facilitate knowledge
sharing and exchange of experiences. Participants
will be requested to provide a significant contribution.
Duration
2.5 days
Apply before
By invitation
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Thierry Cusson
Contact address
hr2015@banque‑france.fr
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
2015 Seminars • International Banking and Finance Institute
Internal audit and risk management
in a central bank
3‑6 November 2015
Person in charge: Hedi Jeddi
23
Objective
Content
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.
This seminar will cover the following topics:
Participants
• risk‑management methodology;
• general context and approach of risks and risk
management at the Banque de France;
• general organisation of the audit function;
This seminar is intended for managerial staff in
charge of inquiries or internal audit programmes,
and for risk managers.
• head office audit, audit of the branches network,
accounting audit, auditing in information
technology area: methodology, reporting,
following‑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
3 September 2015
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
2015 Seminars • International Banking and Finance Institute
25
Financial
stability
International Banking and Finance Institute • 2015 Seminars
Financial stability policy of central banks
Recent trends, interactions with other policies and key challenges
(in collaboration with the Joint Vienna Institute)
18‑22 May 2015
Person in charge: Hedi Jeddi
26
Objective
Content
This five‑day course aims at deepening the
understanding of recent trends and issues regarding
the financial stability function within central banks.
Since the crisis has dramatically changed the
perspective on the role of central banks in preserving
financial stability and limiting systemic risk in
the economy, the course will review selected risk
assessment tools and intervention instruments,
regulatory and governance issues, as well as
challenges and interactions with other policies.
The course will also discuss current financial stability
risks, as identified by various central banks and
international institutions. Participants are expected
to engage in group discussions on key financial
stability issues in their countries. .
Participants
Central bank officials in charge of financial stability or
financial regulation and supervision.
The course will cover the following topics:
• macroprudential policy and the role of central
banks;
• systemic risk monitoring and assessment,
stress testing, and indicators of systemic risk;
• macroprudential intervention instruments:
functioning and calibrating;
Duration
5 days
Apply before
6 March 2015
Language
English
Venue
Joint Vienna Institute – Austria
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
www.jvi.org/online-application/
• interactions between macroprudential,
microprudential and monetary policies;
• recent developments in microprudential regulation,
including Basel III implementation and its impact;
• international aspects of financial stability
management (IMF bilateral and multilateral
surveillance, Financial Stability Board etc.);
• the EU institutional framework for financial stability.
2015 Seminars • International Banking and Finance Institute
27
Markets
and operations
International Banking and Finance Institute • 2015 Seminars
Corporate rating/credit risk assessment
by a central bank
13‑16 January 2015
Person in charge: Hedi Jeddi
28
New
Objective
Content
This seminar has the objective of promoting tools and
methods on assessing the economic and financial
conditions of the corporate firms in central banks.
The seminar will cover the following topics:
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.
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.
Duration
4 days
Apply before
13 November 2014
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• 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.
2015 Seminars • International Banking and Finance Institute
Payment systems
and market infrastructures
15‑17 April 2015
Person in charge: Hedi Jeddi
Objective
Content
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.
The seminar will cover the following topics:
Participants
This seminar is intended for senior management
in charge of operating or overseeing payment
systems. Participants are required to have a sound
knowledge of payment systems and organisation
of market infrastructures.
• 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
3 days
Apply before
16 February 2015
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
29
International Banking and Finance Institute • 2015 Seminars
Market risk management in a central bank
(in collaboration with Bank Al Maghrib)
4‑6 May 2015
Person in charge: Hedi Jeddi
30
New
Objective
Content
This seminar aims at presenting the keys risks faced
by central banks and supervisory authorities: credit,
foreign exchange and interest rate. Participants will
discuss measures for assessing credit instruments,
forex and gold as well as rate products. Experts of
the Banque de France will present the risk
assessment measures associated with these
instruments, the value‑at‑risk measurement
methodology and default risk models.
The following topics will be addressed:
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
3 days
Apply before
4 March 2015
Languages
French and English with simultaneous interpretation
Venue
Rabat (Morocco)
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• knowing and pricing credit instruments, forex,
gold and rate products;
• interpreting the various measures of credit risk;
• discussing the different types of rates and market
risk indicators;
• understanding the VaR concept (value‑at‑risk),
perform VaR calculations;
• default risk modelling.
2015 Seminars • International Banking and Finance Institute
Back‑office operations
7‑10 July 2015
Person in charge: Hedi Jeddi
Objective
Content
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.
This seminar will cover the following topics:
Participants
• processing chain for:
– monetary policy operations,
– foreign exchange operations,
– euro‑denominated portfolio management,
– custody of financial instruments;
This seminar is intended for central bank managers
in charge of back‑office operations (money market,
foreign exchange market, securities transactions).
• definition of back‑office operations and scope
of application;
• accounting of market and securities transactions;
• IT‑related issues and medium management
(repositories);
• operational risk management for this type
of activity.
Duration
4 days
Apply before
7 May 2015
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
31
International Banking and Finance Institute • 2015 Seminars
Market risk management in a central bank
1‑4 December 2015
Person in charge: Hedi Jeddi
New
32
Objective
Content
This seminar aims at presenting the keys risks faced
by central banks and supervisory authorities: credit,
foreign exchange and interest rate. Participants will
discuss measures for assessing credit instruments,
Forex and Gold, as well as rate products. Experts of
the Banque de France will present the risk
assessment measures associated with these
instruments, the Value at Risk measurement
methodology and default risk models.
The following topics will be addressed:
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
5 October 2015
Languages
French and English with simultaneous interpretation
Venue
Paris
Contact
Hedi Jeddi
Contact address
[email protected]
Online registration
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
• knowing and pricing credit instruments, Forex
and Gold, rate products;
• interpreting the various measures of credit risk;
• discussing the different types of rates and market
risk indicators;
• understanding the VaR concept (value‑at‑risk),
perform VaR calculations;
• default risk modelling.
2015 Seminars • International Banking and Finance Institute
IBFI’s specific activities
Over time, the IBFI has adopted multiple modes
of action.
of the same region, so that any such initiative may
benefit the largest number of persons.
In addition to the training 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 organised to the best of our
hosting capabilities and of our experts’ constraints
and availability.
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.
Training seminars
Partnerships
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 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.
The IBFI seminars are opened to all central bank
candidates upon request, within the constraints of
the available accommodation, and taking into account
the relevance of their application (motivation, position
held, prior training, etc.).
High-level workshops
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
Throughout the year, the IBFI organises technical
workshops by invitation basis 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
33
International Banking and Finance Institute • 2015 Seminars
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.
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.
34
Training agreements
Some of our partners ask us to organise our capacitybuilding 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.
2015 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 seven weeks before
the date of the seminar, using the application form
available on our Web site:
https://www.banque-france.fr/en/eurosysteminternational/the-international-banking-and-financeinstitute/training-seminars/registration.html
and sent it through our correspondent or contact
person (Human Resources and/or Training Director,
most of the time).
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.
in order to secure the availability of the same room
during the desired period.
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.
Organisation
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 Paris (headquarters), transportation
from the hotel is not arranged for participants.
They are supported by written documentation in the
working language mentioned by the candidate on
his/her application form.
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.
We insist on the fact that trainees have to
attend every session of the seminar and sign the
attendance sheet circulated every day.
Four weeks prior to the seminar, an official and
personal letter of invitation will be sent to our central
bank’s contact person, in particular to obtain a visa
if necessary.1 It will be accompanied by an annex
indicating the practical aspects of the organisation of
the seminar and a confirmation of hotel booking.
Accommodation
As soon as they receive the official invitation letter,
and 3 weeks before the date of the seminar at
the latest, participants, for their own comfort,
are requested to transmit their provisional travel
schedule, mentioning in particular any anticipated
arrival or later departure days and hours, with respect
to the usual periods of accommodation –from the
night before up to the night after the seminar–,
1 Please consult the website of the French Ministry of Foreign Affairs:
http://www.diplomatie.gouv.fr/en/france/coming‑to‑france for visa formalities.
Banque de France normally makes pre‑reservations
with a partner hotel for all participants. It is a 3 star
hotel, European standards.
However participants are free to make their own
arrangements (reply coupon to return to the IBFI).
If so they should:
• bear the full costs of accommodation;
• inform us at least 10 days before the seminar,
in order to avoid payments of “no‑show” to the
partner hotel (see “cancellations” item);
35
International Banking and Finance Institute • 2015 Seminars
Cost
Other expenses paid by trainees
Banque de France covers the following costs:
• dinners;
• training courses;
• lunches and coffee breaks;
• hotel: additional cost for twin room, longer stay
(additional nights2 before or after the seminar),
mini‑bar, telephone and other services;
• the social events.
• transport (plane, taxi);
Hotel (single room and breakfast)
• health and lost luggage insurance.
1 – Participants coming from central banks
of middle‑income and industrialised countries pay for
their own accommodation.
Cancellations
2 – Banque de France only covers the costs of
the participants from the national central banks
belonging to countries benefiting from the HIPC
(highly indebted poor countries) IMF/WB initiative.
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 makes it necessary
to pay the hotel cancellation fees.
It now covers the night before to the night after the
seminar (for example 6 nights for a 5‑day seminar).
36
3 – As for participants that belong to the group of
other Least Developed Countries (LDC), Banque
de France only covers the accommodation costs
of 3 nights per LDC trainee and per seminar, as
from July 2005. The central bank concerned covers
remaining costs of the other nights.
If Banque de France is bound to pay the hotel
cancellation fees (no‑show), this cost will be charged
back to the central bank involved. If need be, we
may have no alternative but to adopt a restrictive
position vis‑à‑vis any future registration sent by
the latter.
2 In some (rare) cases, extra nights be invoiced at a higher rate than the IBFI
negotiated rate on account of strong pressures on hotel reservations due to
exceptional events.
2015 Seminars • International Banking and Finance Institute
IBFI’s organisation
Contact
E-mail: ibfi@banque‑france.fr
Phone: 33 1 42 92 65 92
Head of the International Banking and Finance Institute (IBFI)
Françoise Drumetz,
Director of External Cooperation
Management
Organisation team
Thierry Cusson
Administration and communication
Monetary policy (by interim)
Hedi Jeddi
Central bank governance
and financial stability
Chantal Gadroy
Event manager
Victorine Libii-Barkallah
Event manager
Jean‑Luc Quemard
Élise Sedogbo
Regulation and prudential supervision
Event manager
Administration and communication team
Alain Collas
Administration, budget and studies
Anne‑Marie Hetru
It services, internet
37
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