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 CONSULTER LA VERS OUR I O N RP AN NE G L UR AI TO SE RE SÉMINAIRES SEMINARS D THE FRENC TO REA H VE R E V RS O N ION R TU