This blended course co-organized by the European Securities Markets Authority, the European Systemic Risk Board and the Florence School of Banking and Finance (European University Institute) will focus on the main aspects of EU investment fund sector, including regulation, supervision, risk identification and mitigation.
This course will equip participants with the fundamental analytical toolbox needed to understand the investment funds 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
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
Module 5: Risks in the investment funds sector
Module 6: Risk monitoring and assessment
Module 7: Stress testing in the investment fuds sector
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.
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.
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 email@example.com 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.
In case you can no longer attend the course, you are required to inform the organisers by sending an email to firstname.lastname@example.org 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.