Financial Regulation and Governance

Macroprudential Policy Implementation Academy

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21/10/2024 - 14/11/2024

Location

EUI Premises in Florence and Online

Download the programme

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Registration Deadline

07/10/2024

Level

Intermediate

Approach

Qualitative

Delivery mode

Blended

Safeguarding the stability of the financial system requires more than a sound and thorough supervision of single financial institutions. The Global Financial Crisis has indeed revealed that the mere reliance on micro-prudential policy tools could lead to looming systemic risks being missed or ignored. The general recognition of this gap in surveillance led to the accelerated implementation, throughout the world, of macroprudential policies.

Against this background, this course will first introduce the key objectives of macroprudential policy as well as the use and interaction of their instruments in the European and global context. It will then engage in more details with the implementation and use of selected macroprudential instruments (e.g. the countercyclical capital buffer, systemic risk buffers, instruments for the real estate sector, liquidity instruments). Based on their expertise in the field, the course instructors will lastly expose participants to the lessons learned from the implementation of macroprudential policies and set out the need for tools for non-banking financial sector.

Gain an overview of the type, scope and use of macroprudential instruments
Become familiar with the institutional framework, objectives and instruments of macroprudential policy in the European Union
Learn to apply certain macroprudential instruments in real-life cases
Understand calibration dilemmas
Become exposed to lessons learned of macroprudential policy
Draw conclusions from past experiences for the non-bank financial sector

Course directors

Thorsten Beck

Director

Florence School of Banking and Finance

View Thorsten Beck profile
Tuomas A. Peltonen

Deputy Head of the Secretariat

European Systemic Risk Board (ESRB)

View Tuomas A. Peltonen profile

Core Faculty

Emily Beau

Adviser

ESRB Secretariat

View Emily Beau profile
Katarzyna Budnik

Adviser

Stress Test Modelling Division, ECB

View Katarzyna Budnik profile
Barbara Jarmulska

Senior Financial Stability Expert

Macroprudential Policies Division, ECB

View Barbara Jarmulska profile
Etienne Lepers

Economist

International Finance Unit, OECD

View Etienne Lepers profile
Olaf Weeken

Adviser

ESRB Secretariat

View Olaf Weeken profile

Online instructors

Marco Lo Duca

Adviser

Macroprudential Policies Division, ECB

View Marco Lo Duca profile
Jérôme Henry

Principal Adviser

DG Macroprudential Policy & Financial Stability, ECB

View Jérôme Henry profile
Paul Hiebert

Head of Division

Systemic Risk and Financial Institutions Division, ECB

View Paul Hiebert profile
Michael Wedow

Deputy Head of Division

Financial Regulation and Policy Division, ECB

View Michael Wedow profile

Monday, 21 October – Online

9:00 Opening of the online platform. Access to Modules 1, 2 and 3.

Module 1: Objectives and Concepts of Macroprudential Policy
Module 2: Capital-based macroprudential instruments
Module 3: Liquidity instruments and systemic liquidity

Wednesday, 6 November – EUI Premises, Florence

10:00 – 17:30 Modules 4, 5 and 6

Module 4: Actors of Macroprudential Policy
Module 5: Capital-based macroprudential instruments
Module 6: Macroprudential instruments for real estate

17:30 (Optional) Social activity

Thursday, 7 November – EUI Premises, Florence

9:30 – 17:30 Modules 7 and 8

Module 7: Impact of Macroprudential Policies
Module 8: Cross-Border spill-overs of macroprudential policy

18:00 – 19:00 Cocktail

19.00 – 21.00 Dinner at the venue (Sala Bandiere)

Friday, 8 November – EUI Premises, Florence

9:00 – 13:00 Modules 9 and 10

Module 9: The non-banking financial sectors and macroprudential policy beyond banking
Module 10: Macroprudential stance

13:00 – 14:00 Light lunch

Thursday, 14 November – Online

12:30 . 13:30 Closing lecture and roundtable discussion

€ 2300 – Private Sector
€ 1950 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
€ 900 – Full-Time Professors, PhD Students, Research Associates

Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

Please note that the payment must be settled one week before the start of the course.

A certificate of attendance will be provided to all participants after the course.

CANCELLATION POLICY

In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu in order to free a seat for participants in the waiting list.
In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.

For more details, please contact fbf@eui.eu