Registration Deadline: 25 October 2017
The global financial system has grown increasingly integrated over the last two decades, and the globalization of banking has represented a major contributing factor to this process. Is the increased internationalization of banking a good development or a bad one? On the one hand, banking globalization can promote harmonization in institutional and regulatory environments and the efficiency of a financial system in directing capital to its most productive uses. Yet on the other, international banking linkages may be important vectors in the transmission of real and financial shocks across borders, with global banks from industrialized countries potentially responsible for spreading the recent financial crises to emerging market economies.
This course will explore the causes and consequences of banking globalization.
- Trends in international capital flows and global banking
- The bank balance sheet and liquidity management strategies
- Follow the money. The lending channel as a transmission mechanism of funding shocks
- Policy challenges 1. Revisiting the “lender of last resort” function in a global environment
- Policy challenges 2. Effective regulation. Global SIBs, “Ring fencing”, “Intermediate holding companies” ruling, Regulatory arbitrage and “shadow” financial intermediation.
What you will learn
- What are the drivers of international capital flows and how/why do banks grow increasingly more global?
- How does globalization affect the business model decisions of banks?
- How do they manage their liquidity and their balance sheet overall?
- To what extent and how do banks contribute to the international transmission of shocks?
- Finally, what are the normative implications: what is the impact on monetary policy? How do we design effective bank regulation? What are the challenges from a macroprudential perspective?
Meet the instructor
Nicola Cetorelli is an Assistant Vice President in the Financial Intermediation Function at the Federal Reserve Bank of New York. His research has focused on the industrial organization and the corporate finance characteristics of the banking industry and the relationships with real economic activity. More recently he has worked on themes of international banking and on the evolution of financial intermediation. He represents the New York Fed on various Financial Stability Board’s international working groups. He has published in a number of scholarly journals, among which The Journal of Finance, Journal of Economic Theory, American Economic Review, Journal of International Economics. He has also written many articles in various policy journals and book chapters as well. He received his Ph.D. in Economics from Brown University and a B.A. from the University of Rome, Italy.
How the course will work
Total course length: between 15 and 18 hours.
A certificate of attendance will be provided to all participants after the course.
Degree in Economics. Prior knowledge and understanding of banking and quantitative methods.
1500 € – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions*
2000€ – Private Sector*
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 institution or private company, a reduced fee is applied for each of them (€ 1000 public sector and 1300 € private sector), under the following conditions:
- the names of the 3 participants have to be communicated to email@example.com 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
- 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 firstname.lastname@example.org
On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.
Registered participants can access the reading materials on this page, using the password provided by the course secretariat.