Course instructor: Bart Joosen (University of Amsterdam)
Area: Supervision and Resolution
Level: Intermediate

This training course will:

• bring a close reading of the LCR Regulation and analyses the various topics concerning liquidity inflows and outflows
• explore the dependencies of the LCR Regulation with the legislative framework for covered bonds, securitisation and deposit guarantee schemes
• analyse, in a separate close reading session, the EBA Guidelines on ICAAP and ILAAP information collected for SREP purposes
• address the forthcoming NFSR rules as well as the interaction of those rules with the LCR framework

The course is targeted, among others, at EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), Senior Policy Officers aand Legal officers of Prudential Supervisors/National Central Banks. It is expected that the course participants have a degree in Law or Social Sciences, and prior knowledge of European capital and liquidity regulation.

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Course Instructor: Enrique G. Mendoza (University of Pennsylvania)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 14 February 2017

This course will focus on the following topics:

• A primer on financial markets modeling in open economy models and fundamentals of macro models of financial crises
• Stylized facts of credit booms and Sudden Stops
• Collateral constraints and the case for Macroprudential policy
• Quantifying the effectiveness of optimal v. simple financial policy rules in Sudden Stop models
• Time-inconsistency in the conduct of macropudential policy
• The interaction between monetary and financial policies (Tinbergen’s rule and the need for coordination)

This course is targeted at financial stability and research departments of Central Banks, Ph.D. students, research departments of private banks, and EU Officials (e.g. ECB, SSM, SRB). Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modeling.

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Course Instructor: Gianni De Nicolò (International Monetary Fund and FBF)
Area: Risk Management
Level: Intermediate
Deadline for registrations: 7 March 2017

This course will focus on the following topics:

• Value at Risk (VAR) and market based measures of systemic risk
• Measures of systemic importance (COVAR, Network analysis)
• Identification of Systemically Important Financial Institutions (SIFIs)
• Contagion and network externalities

This course is targeted at financial stability and research department of Central Banks, Ph.D. students, private sector economists, EU officials. Participants are expected to hold a BA (or equivalent) in Economics and to have a basic understanding of statistics and econometrics.

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Course Instructor: Steven Ongena (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced
Deadline for registrations: 29 March 2017

This course will focus on the following topics:

• Current research methodologies used in empirical banking, with a special emphasis on inter-temporal and cross-sectional methods (e.g. matching)
• Techniques: Heteroskedastic Modelling, Duration Analysis and Applications, Matching, Difference-in-Difference, Event Studies and Applications, Elements of an Identification Strategy

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students in Economics, Banking or Econometrics, and economists in the private sector. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling (an intermediate level in micro and macroeconomics, as well as in applied econometrics, is required to follow this course).

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Course Instructors: Fabio Canova (BI), Wouter den Haan (LSE), Junior Maih (Norges Bank)
Area: Statistical and Econometric Methods
Level: Intermediate/Advanced
Deadline for registrations: 17 May 2017

This course will focus on the following topics:

• Piecewise linear solution. Maximum Likelyhood and Bayesian estimation
• Solution and simulation of regime-switching DSGE models; exogenous and endogenous switching; occasionally-binding constraints
• Numerical integration: splines, fixed point and time iteration
• Projection techniques for models with occasionally binding constraints

This course is targeted at financial stability officers, research department officers, Ph.D. students, and research department officers of private banks. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and modelling.

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Course Instructors: Gianni De Nicolò (FBF and IMF), Fabio Canova (FBF and BI Norwegian Business School), Manfred Kremer (ECB)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

This course will focus on the following topics:

• Introduction to tail risk measures; VaR and CoVaR
• Expected Systemic shortfall (SES) and other risk measures
• Logit and Receiving operation characteristic (ROC) models
• Networks, connectedness, and risk interdependences

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students, Research department of private banks, and EU officials. Participants are expected to have a degree in Economics and to be proficient in mathematics, statistics and macro-modelling.

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Course Instructor: Jean Charles Rochet (University of Zurich)
Area: Financial Stability and Regulation
Level: Intermediate/Advanced

This course will focus on the following topics:

• The objectives of prudential regulations
• Capital regulation for banks: static and dynamic models
• Bank runs and the Lender of Last Resort
• Systemic risk and contagion
• Bank resolution and Total Loss Absorbing Capacity

This course is targeted at Financial stability and research department of Central Banks, Ph.D. students, Research departments of private banks, and EU officials. Participants are expected to be familiar with basic banking and finance models and to have some understanding of dynamic optimization and of basic simulation techniques.

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Course Instructors: Enrico Perotti, Bart Joosen and Roger Laeven (University of Amsterdam); Iman van Lelyveld (Free University of Amsterdam and DNB)
Area: Financial Stability and Regulation
Level: Intermediate

This course will focus on the following topics:

• Financial and prudential aspects, with some attention to its legal underpinnings.
• Shadow banking understood as a financial segment that expands and contracts credit outside the regulatory perimeter.
• Key elements of shadow banking regulation as well as emerging issues related to their relevance for macro-prudential policy.
• European (as well as some US) legislation on insurance companies, money mutual funds and central clearing platforms for derivatives.
• Review of typical shadow banking funding and lending strategies such as secured credit and security lending.

This course is targeted at Financial Stability officers, Research department officers, Ph.D. and Post-doctoral researchers, Assistant Professors, Research department of private banks, EBA, SSM, SRB, ESRB, EU officials. Participants are expected to have a degree in Social Sciences and to have a general command of EU financial regulation.

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Joint Autumn School of the Florence School of Banking & Finance and the School of Transnational Governance

Course Director: Bart Joosen (VU University, Amsterdam)
Instructors: Boudewijn Berger (ABN AMRO); Stefano Cappiello (SRB); Bart Joosen (VU University, Amsterdam); Andrea Resti (Bocconi University); Emiliano Tornese (DG Fisma, EC); Tobias Tröger (Goethe University, Frankfurt)
Area: Bank Regulation, Supervision and Resolution
Level: Introductory/Intermediate

The joint FBF-STG Autumn School seeks to intensify and strengthen knowledge on the part of public authorities, practitioners and academics as well as foster an in-depth dialogue on the merits and challenges in the implementation of the new EU resolution framework.

The learning objectives of this course are to:

• Acquire the essentials of the new EU banking resolution regime – its rules and principles, actors and procedures
• Understand and apply the key concepts of bank resolution (e.g. Resolution Tools, Resolution Objectives, Bail-In, No CreditorWorse Off in Liquidation, Minimum Requirements for Own Funds and
• Eligible Liabilities, Total Loss Absorption Capacity)
• Learn how to assess recovery plans in practice
• Learn how to design and implement resolution plans in practice

This course is targeted at policy-makers and experts from European institutions and agencies (European Commission, European Central Bank/Single Supervisory Mechanism, European Systemic Risk Board, Single Resolution Board, European Banking Authority, European Stability Mechanism); policy-makers and experts from National Finance Ministries, National Central Banks, National Resolution Authorities and officials from Foreign Affairs Ministries; private lawyers and private banking practitioners; Ph.D. researchers and post-doc researchers.

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Course Instructor: Gianni De Nicolò (FBF and International Monetary Fund)
Area: Financial Stability and Macroprudential policy
Level: Introductory/Intermediate

This course will focus on the following topics:

• Key measures of bank risk
• Individual and aggregate financial soundness indicators of banking system market, credit, and liquidity risks;
• Design and interpretation of stress tests and their role in managing and mitigating risk exposures;
• The bank regulatory framework with respect to capital and liquidity;
• Public intervention and role of central banks

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, financial stability and research department of Central Banks, Ph.D. students, accountants, private sector economists, law firms and practitioners.

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