Prudential risk and policies in the European investment fund sector

• Investment funds: types, strategies, and actors
• Regulation and supervision of investment funds in the EU
• Money Market Funds
• Sustainability considerations related to investment funds
• Risks in the investment funds sector
• Risk monitoring and assessment
• Stress testing in the investment funds sector
• Macro Risks: structural vulnerabilities and financial stability considerations
• Risk mitigation and prevention

• Equip participants with a comprehensive overview of the main characteristics, objectives and purpose of investment funds as well as on 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 on 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 level
• Familiarise participants with state-of-the-art analytical tools for risk monitoring and assessments in the European investment funds sector, with 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.

In terms of format, the course will be blended, meaning that it will be delivered both online (a few modules) and residentially in Florence.

Total course length: 16-18 hours

Structure of the Course

ONLINE BLOCK:

• Module 0: Introduction to the course (navigating in the online platform)
• Module 1: Overview of Investment funds: types, strategies and actors
• Module 2: Regulation and supervision of investment funds in the EU
• Module 3: Money Market Funds
• Module 4. Sustainability considerations related to investment funds

RESIDENTIAL BLOCK:

• Module 5: Risks in the investment funds sector
• Module 6: Risk monitoring and assessment
• Module 7: Stress testing in the investment fuds sector
• Module 8: Practical Activity. Macro Risks: structural vulnerabilities and financial stability considerations
• Module 9: Risk Mitigation and prevention
• Module 10: Roundtable Discussion “A macroprudential approach to investment funds

This course is held at introductory/intermediate level.

It has been designed for public and private sector professionals (both at entry and mid-career levels).

Organisations trained in FBF online courses include:

• Finance Ministries
• Banking Regulators and Supervisors
• Financial Regulators Supervisors
• Central Banks
• Development and Multilateral Banks
• National, European and international institutions
• Banks
• Law Firms
• Investment funds
• Consultancies
• Insurance companies
• Research centres and universities
• Civil society

This course is open to participants from all over the world.

DEGREE PRE-REQUISITES

Graduate degree in Economics, Finance, Law, or equivalent. In alternative, participants must have relevant prior professional exposure to the course topics.

TECHNICAL PRE-REQUISITES

To join the live classes you will need to have the Zoom software installed on your computer and a webcam/microphone.

Accommodation 

Please notice that the course dinner, and most of the social activities, will take place downtown.

Recommended hotels nearby the EUI:

• Hotel Villa La Stella

Recommended hotels in downtown Florence:

• Hotel Cellai
• Hotel Il Guelfo Bianco
• Hotel Rosso 23

Suggested restaurants in Florence city centre

• Restaurant Accademia – Ph. +39  055 217343
• Restaurant Cucina Torcicoda – Ph. +39 055 265 4329
• Finisterrae – Ph. +39 0552638675
• Il Vezzo – Ph. +39 055 281096
• Osteria di Giovanni – Ph. + 39 055 284897

Wi-Fi

On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

For general queries: fbf@eui.eu

General information on local transport

From Florence airport:

Florence airport is located 8 km from the city centre, approximately 30 minutes by taxi or bus. Taxis can be found outside the arrivals terminal; no reservation is needed. A taxi ride from the airport costs about €20 and takes approximately 25/30 minutes.

A tramway (line T2) connects the airport to the city centre. Trains leave from the airport terminal and take 20 minutes to the main railway station. One-way tickets can be bought from vending machines for €1.50.

From the central railway station:

Take bus n. 7 at the bus stop Stazione Nazionale in the direction “Fiesole Piazza Mino”, get off at the stop ‘San Domenico 01’. For bus routes and timetables consult the official timetable.

Bus tickets are sold outside the railway station, at Autolinee Toscane ticket kiosks and vending machines, tobacconists (tabacchi), newspaper kiosks (edicole), and most cafes (bar). They must be bought before boarding and stamped using the machine on the bus. A ticket costs €1.50 and it is valid for 90 minutes. Bus tickets can be purchased also on board (€ 2.50), but the driver is not obliged to give change.

Private car

From the A1 Milano-Napoli (Autostrada del Sole), take the Firenze Sud exit and follow directions to the city centre/Stadio. Follow the directions to the stadium (Stadio), then for Fiesole. San Domenico is on the main road to Fiesole.

The EUI has several free parking areas available all over the Campus.

• € 1950: Private Sector
• € 1650: 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

* Limited seats per institution

Please note that the payment must be settled 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. It does not include travel and accommodation expenses or other local transportation costs (taxis, private cars).

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.