This training programme aims to provide you with the essential analytical tools required for understanding the investment funds sector and its potential impact on the broader financial system. It is jointly organised by the European Securities Markets Authority (ESMA), the European Systemic Risk Board (ESRB), and the Florence School of Banking and Finance, providing academic rigour and up-to-date insights into the internal policy discussion.
The training programme will involve an in-depth exploration of the aspects of the EU investment fund sector through a series of lectures, group discussions, and practical exercises. You will acquire skills in the monitoring, mitigation and prevention of risks and vulnerabilities associated with investment funds, including from a financial stability perspective. As part of this, you will develop an understanding of the role of stress testing and associated stress testing methodologies. The programme will conclude with an interactive panel discussion of experienced experts and practitioners, who will share their insights.
Before you arrive in Florence, you will have access to a series of preparatory online lectures. These lectures will offer you a review of the main characteristics of investment funds, including their regulatory framework and supervision. This includes key features of Money Market Funds and an overview of sustainability considerations pertinent to investment funds. As part of this, you will have the opportunity to address any queries concerning the online lectures through a dedicated online question-and-answer session with experts from ESMA and the ESRB.
This course will take place over 2 consecutive days at the EUI premises in Florence, Italy.
Ahead of their attendance, course participants can access approx. 4 hours of video lectures, providing an extensive background to the in-person sessions.
Equip participants with a comprehensive overview of the main characteristics, objectives and purpose of investment funds as well as of the main actors and types of users.
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 a relevant overview of sustainability and ESG aspects linked to investment funds.
Expose participants to relevant knowledge on the main prudential risks associated with investment funds both at micro and macro levels.
Familiarise participants with state-of-the-art analytical tools for risk monitoring and assessments in the European investment funds sector, with a particular 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.
Financial economist and quantitative analyst
European Securities and Markets Authorities (ESMA)
€ 1650 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
€ 750 – Full-Time Professors, PhD Students, Research Associates
The fee includes tuition, access to all course materials and pedagogic activities, coffee and lunch breaks and social activities. It does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).
Please submit a certificate attesting your status as a Professor, PhD Student or Research Associate to firstname.lastname@example.org before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.
Please note that the payment must be settled two weeks before the start of the course.
A certificate of attendance will be provided to all participants after the course.
In case you can no longer attend the course, you are required to inform the organisers by sending an email to email@example.com in order to free a seat for participants on the waiting list.
In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.