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Liquidity Regulation: Concepts, Methods and Applications

Registration deadline: 6 September 2018

 
  • General description

    Since 2014 European Banking laws have been supplemented with harmonised rules for liquidity management. This course focuses on the legal and regulatory aspects of this new framework for banks. In this second edition of the course, the focus will be put on revised Liquidity Coverage Ratio (in 2018) and on the revised Capital Requirements Regulation (in 2020) to introduce the Net Stable Funding Ratio (NSFR).

    Experts from the industry and from a supervisory authority will give profound insight in the repercussions of the liquidity rules for banking organisations, the impact of the Internal Liquidity Adequacy Assessment Process (ILAAP), stress testing and dry runs to assess the resilience against liquidity shocks and the alignment of liquidity management in the recovery and resolution framework for banks.

  • Topics covered

    • Liquidity Coverage Ratio and Net Stable Funding Ratio’s in the European Capital Requirements Regulation framework
    • Definition of High Quality Liquid Assets, the changing definition of safe assets and the forthcoming Simple Transparent and Standardised Securitisations
    • Stress testing, survival period and measurement of resilience against liquidity shocks
    • Internal Liquidity Adequacy Assessment (ILAAP), Risks not included in LCR
    • Relationship with recovery and resolution frameworks, importance of liquidity constraints for the definition of “failing or likely to fail”

  • What you will learn

    You will be updated on the recent changes in the European regulatory framework and the developments in the regulatory area for liquidity management. In-depth case studies will bring the importance of stress testing and dry swim exercises to the forefront.

    Discussing the alignment of the liquidity quantitative and qualitative liquidity management frameworks in the context of recovery and resolution will bring understanding about the close relationship of the ordinary supervision with the framework for banks that find themselves in distressed circumstances.

  • How the course will work

    Total course length: 13 hours.

    The course will be organised in a two day programme with each day 8 contact hours with the instructors to the course. The course will include a technical introduction with academic lectures and an interactive training sessions in which the participants will work together on practical cases.

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

  • Meet the instructors

    Bart P.M. Joosen is trained as civil law lawyer at Tilburg University, the Netherlands. He obtained his (equivalent to) LL.M degree in 1987. After completion of his academic study he was appointed as lecturer in the law faculty of Tilburg University in 1987. He successfully defended his dissertation on “Transfer of undertakings in bankruptcy” at Tilburg University and was promoted to doctor in law science (PhD) in 1998. He works since 1992 in private practice particularly for financial market clients. His main areas of expertise are in the field of financial services supervision with a focus on micro-prudential supervision of banks (including in-depth Basel II/Basel III and Solvency II knowledge), insurance companies and investment firms and payment services. Besides working in private practice, he is an extraordinary professor Financial Supervision Law at the VU University in Amsterdam.

    Stefano Cappiello is the Head of the Resolution Unit at the SRB. Previously, he was Head of the Registration, Recovery and Resolution Unit at the European Banking Authority, and held roles at the Italian Ministry of Economy and Finances, where advised for financial regulatory policies, and at the Bank of Italy, in the Law and Economics Research Unit and the Supervisory Regulation and Policies Department. He holds a degree in law from the University of Rome, an LL.M. from the University of Chicago, a PhD in Law and Economics from the University of Viterbo. He has been a Visiting Global Fellow at the NYU Law School and adjunct professor at the University of Rome, in the areas of economic analysis of corporate law, banking law, European financial law and supervision.

    Jeroen Van Bommel works at the European Central Bank as a Principal Banking Supervisor, for a portfolio of significant institutions. He coordinates supervisory teams and projects and advises on aspects of liquidity and funding risks, and other risk management topics. His areas of focus are: business model and firm strategy, ICAAP and capital management, ILAAP and liquidity risk management, Interest rate risk management.

    Jean-Jacques van Helten is a Visiting Fellow at the Robert Schuman Centre for Advanced Studies, formerly Chief Risk Officer, Europe for the Bank of Montreal (BMO) Financial Group. Previously, he ran credit and market risk in the CBA’s institutional bank in Sydney and he has worked variously in a range of senior executive risk and capital markets business roles in major investment banks in Europe, Australia and the UK.

  • Prerequisites

    A MA in Social Sciences, Economic or Law is recommended. Other prerequisites:

    • Basic understanding of the CRR-CRD IV framework;
    • Familiarity with the Liquidity Coverage Ratio Regulation;
    • Understanding of the Pillar 2 Supervisory Review and Evaluation Process

    Technical Prerequisites

    Participant are required to bring their own laptops.

  • Fees

    1750€ – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions *

    1900€ – Private Sector *

    1000€ – Academics (Assistant, Associate or Full Professors)

    850€ – Students (with certificate of studies)

    The course fee covers coffee and lunch breaks. Travel and hotel costs are not included.


    * In case of registration of 3 participants from the same public body, the course fee is waived for one of them. To benefit from the deal:

    • the names of the 3 participants have to be communicated to fbf@eui.eu before registering
    • the names of other registered people from the same institution cannot be communicated. It is upon your responsibility to get in touch with your HR division
    • a single debit note will be issued for the 3 participants followed by one payment

    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants may request a voucher to attend another FBF course.
    • Registered participants who cancel their participation will receive a voucher to attend another FBF course.

    For more details, please contact fbf@eui.eu
  • Practical information

    Accommodation 

    Recommended hotels:
    Hotel Villa La Stella (20 min walking distance from EUI )
    Hotel Cellai
    Hotel Palazzo Ricasoli
    Hotel de la Pace
    Hotel Athenaeum

    Wi-Fi

    On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

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    For general queries: fbf@eui.eu