Safeguarding the stability of the financial system requires more than a sound and thorough supervision of single financial institutions. The Global Financial Crisis has indeed revealed that the mere reliance on micro-prudential policy tools could lead to looming systemic risks being missed or ignored. The general recognition of this gap in surveillance led to the accelerated implementation, throughout the world, of macroprudential policies.
Against this background, this course will first introduce the key objectives of macroprudential policy as well as the use and interaction of their instruments in the European and global context. It will then engage in more details with the implementation and use of selected macroprudential instruments (e.g. the countercyclical capital buffer, systemic risk buffers, instruments for the real estate sector, liquidity instruments). Based on their expertise in the field, the course instructors will lastly expose participants to the lessons learned from the implementation of macroprudential policies and set out the need for tools for non-banking financial sector.
- Gain an overview of the type, scope and use of macroprudential instruments
- Become familiar with the institutional framework, objectives and instruments of macroprudential policy in the European Union
- Learn to apply certain macroprudential instruments in real-life cases
- Understand calibration dilemmas
- Become exposed to lessons learned of macroprudential policy
- Draw conclusions from past experiences for the non-bank financial sector
Total length of the Academy: 22 hours
The Academy features:
- Nine self-paced modules, accessible 24/7 on a dedicated online platform, consisting of video lectures, readings, quizzes and exercises.
- Module 1: Objectives, Concepts & Actors of Macroprudential Policy
- Module 2: Capital-based macroprudential instruments
- Module 3: Macroprudential instruments for real estate
- Module 4: Impact of Macroprudential Policies
- Module 5: Liquidity instruments and systemic liquidity
- Module 6: Cross-Border spill-overs of macroprudential policy
- Module 7: The non-banking financial sectors and macroprudential policy beyond banking
- Module 8: Macroprudential stance
- Module 9: An outlook on the future of macroprudential policy
- Four live online classes, consolidating the self-paced modules with discussions and group activities:
- Wednesday 2 November, 13:00-14:15 CET: Kickoff live class
- Friday 11 November, 13:00-14:45 CET: Second Live class (Modules 1-3)
- Friday 18 November, 13:00-14:30 CET: Third Live class (Modules 4-8)
- Tuesday 22 November, 13:00-14:35 CET: Fourth Live class (Keynote speeches)
Registration deadline: 27 October 2022
- € 1250 – Private Sector
- € 1150 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions –
- € 950 – Full-Time Professors, PhD Students, Research Associates
Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to firstname.lastname@example.org before registering. *Seats for academics are limited.
Please note that the payment must be settled before the start of the course.
Limited seats per institution
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 in the waiting list.
In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.