Financial Regulation and Governance

Macroprudential Policy Implementation Academy

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02/10/2023 - 20/10/2023

Location

Online

Download the programme

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Registration deadline

25/09/2023

Level

Intermediate

Approach

Qualitative

Delivery mode

Online

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 walk participants through the lessons learned from the implementation of macroprudential policies,set out the need for tools for non-banking financial sector and generally entice participants to form their own views on the implementation challenges of macro prudential policy.

The course will take 22 hours to be completed

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

Course director

Tuomas A. Peltonen

Deputy Head of the Secretariat

European Systemic Risk Board (ESRB)

View Tuomas A. Peltonen profile

Core faculty

Thorsten Beck

Director

Full-time Professor

Robert Schuman Centre for Advanced Studies

View Thorsten Beck profile
Marco Lo Duca

Principal Financial Stability Expert

Macroprudential Policy Division, European Central Bank

View Marco Lo Duca profile
Barbara Jarmulska

Senior Financial Stability Expert

European Central Bank

View Barbara Jarmulska profile
Katarzyna Budnik

Principal Financial Stability Expert

Stress Test Modelling Division, European Central Bank

View Katarzyna Budnik profile
Etienne Lepers

Economist

Organisation for Economic Co-operation and Development (OECD)

View Etienne Lepers profile

Guest instructors

Stephan Fahr

Principal Financial Stability Expert

European Central Bank

View Stephan Fahr profile
Christoph Fricke

Deutsche Bundesbank

View Christoph Fricke profile
Christoffer Kok

Deputy Head of the Stress Testing Modelling Division

European Central Bank

View Christoffer Kok profile
Olaf Weeken

Adviser

European Systemic Risk Board (ESRB)

View Olaf Weeken profile

FBF Team

Pierre Schlosser

Deputy Director

Research Fellow

Robert Schuman Centre for Advanced Studies

View Pierre Schlosser profile
Jan Trevisan

Head of online training team

Online Training Officer

Robert Schuman Centre for Advanced Studies

View Jan Trevisan profile

Friday 29 September
– You will receive the log-in credentials.
– Access will open to the online platform and the Introductory Module.

Monday 2 October
9:00 AM | Start of the course
Recommended course pacing:
o Week 1 (02-06 November): Modules 1-2-3
o Week 2 (09-13 October): Modules 4-5-6
o Week 3 (16-20 October): Modules 7-8

Wednesday 4 October
2:00 – 3:15 PM | First Live Class
(Kickoff: Introduction, objectives and concepts).

Wednesday 11 October
1:00 PM | Deadline for the exercises in Modules 2 and 3.

Thursday 12 October
2:00 – 3:30 PM | Second live class
(Discussion on Modules 1-3 and review of the exercises in Modules 2 and 3)

Wednesday 18 October
3:00 PM | Deadline for the group exercise in Module 6

Thursday 19 October
2:00 – 3:30 PM | Third live class
(Discussion on Modules 4-8 and review of the group exercise in Module 6)

Friday 20 October
1:00 – 2:35 PM | Fourth live class
(Keynote lecture and discussion)
5:00 PM | Deadline for all quizzes

After the closing, access to the course material and forums will be allowed until 20 November 2023.

€ 1350 – Private Sector
€ 1250 – 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 fbf@eui.eu 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 one week before the start of the course.

A certificate of attendance will be provided to all participants after the course.

CANCELLATION POLICY

In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu 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.

For more details, please contact fbf@eui.eu