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Calendar

Feb
16
Thu
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana
Feb 16 – Feb 17 all-day
Legal Aspects of Liquidity Coverage Ratio, Net Stable Funding Ratio and The Internal Liquidity Adequacy Assessment Process @ Teatro, Badia Fiesolana | San Domenico, Fiesole | Toscana | Italy

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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Mar
8
Wed
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte
Mar 8 – Mar 10 all-day
Macroprudential Policy: Promise and Challenges @ Conference Room, Villa La Fonte | Fiesole | Toscana | Italy

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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Mar
21
Tue
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia
Mar 21 – Mar 23 all-day
Measuring and Managing Systemic Risk @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

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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Apr
19
Wed
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia
Apr 19 – Apr 20 all-day
Empirical Methods to Evaluate Financial Regulation @ Sala Europa, Villa Schifanoia | Firenze | Toscana | Italy

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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Apr
27
Thu
FBF Annual Conference: “The Changing Geography of Finance and Regulation in Europe” @ Villa Schifanoia
Apr 27 all-day
FBF Annual Conference: "The Changing Geography of Finance and Regulation in Europe" @ Villa Schifanoia | Firenze | Toscana | Italy

The annual conference of the Florence School of Banking and Finance, organised at the European University Institute (EUI), brings together leading economists, lawyers, political scientists and policy makers to discuss the current economic situation in Europe.

Organisers:

Franklin Allen | Brevan Howard Centre Imperial College
Elena Carletti | BAFFI CAREFIN Bocconi University and European University Institute
Joanna Gray | Birmingham University
Mitu Gulati | Duke University

Background:

The financial world is undergoing a profound technological change. The advent of innovative technologies is unsettling the industry’s modus operandi which will soon enough disrupt the current practices of both supervisors and central banks. Big data, block-chain and the proliferation of distributed ledgers are only a few illustrations of a wider financial technology industry build-up – known as FinTech – which will revolutionise the global financial infrastructure.
As a result of this, the geography of finance is evolving at a rapid pace. In this new context of digital transformation and innovation, how should regulation respond? Is regulatory arbitrage and the reliance on more decentralised regulatory regimes a possible solution or is the top-down central model resilient enough to sustain these changes? Can regulators turn these new challenges into opportunities?

Sessions:

  • Session 1: The New World of FinTech
  • Session 2: Regulatory Arbitrage across Jurisdictions
  • Session 3: A Case Study: BREXIT

MORE INFORMATION AND REGISTRATION

Jun
7
Wed
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia
Jun 7 all-day
Advances in the Computational Methods for Models with Occasionally Binding Constraints @ Cappella, Villa Schifanoia | Firenze | Toscana | Italy

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.

Click here for further information and registration

Jun
12
Mon
International Risk Management Conference 2017 @ Various locations, Florence, Italy
Jun 12 – Jun 14 all-day
International Risk Management Conference 2017 @ Various locations, Florence, Italy

The International Risk Management Conference – 10th Edition of the Annual Meeting of The Risk, Banking and Finance Society takes place in Florence on June 12-14, 2017.

This event brings together professionals and leading experts from various academic disciplines, among others: Davide Alfonsi (Intesa Sanpaolo), Edward I.Altman (NYU Stern), Menachem Brenner (NYU Stern), Michael Gordy (Principal Economist – Board of Governors of Federal Reserve System), Rossella Locatelli (University of Insubria), Anthony Saunders (NYU Stern) and David Yermack (NYU Stern).

In the framework of the conference, the Florence School of Banking and Finance is organizing a professional workshop entitled “Financial Markets and Institutions. This half-day workshop, taking place at the EUI premises in San Domenico di Fiesole on June 14th, will explore the increasingly intertwined nature of risk management and regulation.

 

The Call for Papers for the IRMC conference is now open.
To celebrate the 10th edition of the conference, RBF and Classis Capital SIM will offer a € 3000 cash prize for the Best Conference Paper. The winner will be selected by a World Review Committee and will be announced at the Gala dinner.

The conference welcomes all theoretical, methodological and empirical contributions relevant to the theme “Assessing 10 Years of Changes in the Financial Markets: How will the Future be impacted?”. 
Full papers must be submitted by March 15, 2017. The accepted papers will be presented in parallel sessions. Complete information regarding the Call for Papers can be found on the IRMC website.

 

Further information on the event can be found on the conference website: http://www.therisksociety.com/.
Sep
7
Thu
Early Warning Systems @ House of Finance, Goethe University
Sep 7 – Sep 8 all-day
Early Warning Systems @ House of Finance, Goethe University | Frankfurt am Main | Hessen | Germany

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.

Click here for further information and registration

Oct
9
Mon
Bank Regulation and Systemic Risk @ Teatro, Badia Fiesolana
Oct 9 – Oct 11 all-day
Bank Regulation and Systemic Risk @ Teatro, Badia Fiesolana | Fiesole | Toscana | Italy

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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Oct
30
Mon
Regulation of Shadow Banks @ University of Amsterdam
Oct 30 – Oct 31 all-day
Regulation of Shadow Banks @ University of Amsterdam | Amsterdam | Noord-Holland | Netherlands

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.

Click here for further information and registration