Investment funds: business models, financial stability risks and regulation

The course starts on 15 September with two online self-paced modules, which participants can follow at their own pace until 2 October.

Online self-paced modules (video-lectures) deal with the following content:

• Module 0 “Regulation and supervision of investment funds in the EU” – is a preparatory module. It is designed for participants that are less familiar with the regulatory framework in the EU or that wish to refresh their knowledge.
• Module 1 “Sustainability considerations related to investment funds”.

On 2-3 October the residential part will take place at the EUI premises in Florence, Italy.

• Provide participants with an overview of the regulatory framework for investment funds in the European Union. 
• Provide key insights on the main characteristics and features of Money Market Funds. 
• Provide participants with an overview on sustainability and ESG aspects linked to investment funds. 
• Expose participants to the main prudential risks associated with investment funds both at micro and macro level. 
• Familiarise participants with state-of-the-art analytical tools for monitoring and assessing risk in the EU investment funds sector, with a focus on stress testing. 
• Expose participants to tools for risk mitigation and prevention. 
• Offer a forum for open and critical exchanges among participants on the blind spots of the current framework. 
• Introduce participants to the macroprudential approach to investment funds.  

Monday, 15 September 2025

9:00  Access to the online platform and to Module 0: Regulation and supervision of investment funds in the EU (preparatory module, recorded lectures) and Module 1: Sustainability considerations related to investment funds (recorded lectures)

Thursday, 2 October 2025

9:30 – 9:45  Introductory remarks followed by a Tour de Table

9:45 – 10:30  Module 2: Introduction to risks in the investment funds sector

10:30 – 11:30  Module 3: Risk monitoring and assessment

11:30 – 11:45  Coffee break

11:45 – 12:45  Q&A

12:45 – 14:00  Lunch Break

14:00 – 15:15  Module 4: Stress testing in the investment funds sector

15:15 – 16:15  Module 5: MMFs

16:15 – 16:45  Coffee Break

16:45 – 17:30  Q&A

17:30 – 18:30 Cocktail

Friday, 3 October 2025

9:30 – 11:00  Module 6: Risk mitigation and prevention

11:00 – 11:15  Coffee Break

11:15 – 13:00  Module 7: Practical activity: Macro risks – structural vulnerabilities and financial stability considerations

13:00 – 14:00  Lunch Break

14:00 – 16:00  Module 8: Roundtable discussion “A macroprudential approach to investment funds”

16:00 – 16:10  Closing remarks

This introductory-level course is especially relevant for professionals involved in the supervision of investment funds or, more broadly, in areas related to financial stability and risk management. This includes personnel from central banks, European institutions, financial supervisory authorities, as well as from the private sector, such as commercial banks, investment banks, and insurance companies. Academic researchers and PhD students focusing on these areas are also welcome to participate.

FULL FEES:

€ 950 – Academics
€ 1900 – Public sector
€ 2100 – Private sector

*Please note that the payment must be settled one week before the start of the course.

The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities, as well as a certificate of attendance after the course has been completed. The fee does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).

Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

GROUP DISCOUNT (-15%) for minimum 3 participants from the same institution:

A group discount is available for institutions registering three or more participants. To qualify, the names of all participants must be submitted together in a single email to FBF. Please note that this offer cannot be applied retroactively to individual registrations completed at different times. Those wishing to take advantage of the group discount must write an email to fbf@eui.eu, stating the full names of the proposed participants.

€ 807,5 – Group discount academic
€ 1615 – Group discount public sector
€ 1785 – Group discount private sector

CANCELLATION POLICY

Paid registration fee is non-refundable. However, registrant substitution may be made up to 15 days before the start date of the course by contacting fbf@eui.eu.

You can find all relevant information about the course venue at this link, including logistical details, the venue address, and a range of accommodation options to suit different needs.

Practical Information

For any questions, please contact us at fbf@eui.eu and/or noemi.epote@eui.eu.