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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Course Instructors: Christos Gortsos (National and Kapodistrian University of Athens and EUI – Fernand Braudel Senior Fellow), Seraina Grünewald (University of Zurich), Kristian Kjeldsen (Single Resolution Board)
Area: Bank Regulation, Supervision and Resolution
Level: Introductory/Intermediate

This course will focus on the following topics:

• Banking resolution as an element of the ‘bank safety net’
• Recovery planning – resolution planning
• Minimum requirement of eligible liabilities (MREL) – differences with the total loss absorbing capacity (TLAC)
• Early intervention
• The international regulatory framework: Key attributes of effective resolution (Financial Stability Board)
• The EU regulatory framework: BRRD and Single Resolution Mechanism Regulation (SRMR)
• The Single Resolution Board: institutional aspects
• Resolution tools (including bail-in)
• Conditions for resolution (including the ‘failing or likely to fail’ criterion)
• Precautionary recapitalization
• State aid and Single Resolution Fund (SRF) aid
• Government financial stabilization tools (GFST)
• Equivalence of third country resolution frameworks

This course is targeted at EU Officials (ECB, SSM, SRB, ESRB, EBA, ESM), economists and risk managers in financial institutions and private banks, lawyers and accountants, Ph.D. students, post-graduate researchers, and assistant professors.

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Course Instructor: Nobuhiro Kiyotaki (Princeton University)
Area: Financial Stability and Macroprudential policy
Level: Advanced

This course will focus on the following topics:

• Rationale for macroprudential policy;
• DSGE models with a financial sector;
• Interactions between the real and the financial sectors;
• Financial accelerator, booms and busts.

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

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Course Instructors: Slavka Eley, Oleg Shmeljov (European Banking Authority)
Area: Bank Regulation, Supervision and Resolution
Level: Intermediate

This course will focus on the following topics:

• Business model Analysis;
• Internal governance;
• Assessing risks to capital;
• Liquidity and funding;
• SREP capital adequacy assessment;
• SREP liquidity adequacy assessment;
• Supervisory and early intervention measures

This course is targeted at SSM, SRB, ESRB, EU officials, economists and risk managers in financial institutions and private banks, lawyers and accountants, Ph.D. students, post-graduate researchers, assistant professors.

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Course Instructor: Moritz Schularick (University of Bonn)
Area: Financial Stability and Macroprudential policy
Level: Intermediate

This course will focus on the following topics:

• Financial cycles and the economy;
• Interest rates and returns on capital;
• Financial crisis prediction: tools and accuracy;
• Bank capital and financial stability;
• Debt overhang and recovery from crises;
• Managing credit booms: macroprudential vs. monetary policy

This course is targeted at EBA, SSM, SRB, ESRB, EU officials, financial stability and research department of Central Banks, Ph.D. students, post-doc researchers; assistant professors; private sector economists.

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