Prudential risks and policies in the European investment funds sector

• Equip participants with a comprehensive overview of the main characteristics, objectives and purpose of investment funds as well as 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

Online part: 11 October – 8 November

Residential part: 9-10 November

The course will require 20 hours to be completed.

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7 October 2023

13:00: Early access to the online platform and modules 1-2:

• Module 1: Overview of Investment funds: types, strategies and actors (ONLINE)
• Module 2: Regulation and supervision of investment funds in the EU (ONLINE)

11 October 2023

9:00: Start of the course and access to modules 3-4:

• Module 3: Intro to Money Market Funds (ONLINE)
• Module 4: Sustainability considerations related to investment funds (ONLINE)

12 October 2023

13:30 – 14:00: First Live class: Course Kick-off

25 October 2023

12:30 – 14:00: Second Live class: Exercise

9 November 2023

9:30 – 9:45: Introductory remarks followed by a Tour de Table

9:45 – 10:15: Module 5. Introduction to risks in the investment funds sector – Massimo Ferrari (ESMA)

10:15 – 11:30: Module 6. Risk monitoring and assessment – Christoph Fricke (Deutsche Bundesbank)

11:30 – 11:45: Coffee Break

11:45 – 13:00: Module 7. MMFs (Christian Winkler (ESMA)

13:00 – 14:00: Launch Break

14:00 – 14:45: Q&A – moderated by Massimo Ferrari (ESMA)

14:45 – 16:15: Module 8. Stress testing in the investment funds sector – Antoine Bouveret (ESMA)

16:15 – 16:45: Coffee Break

16:45 – 17:30: Q&A – moderated by Massimo Ferrari (ESMA)

17:30: Social Activity (TBD)

10 November 2023

9:30 – 11:00: Module 9. Risk mitigation and prevention – Olaf Weeken (ESRB) and Dorota Okseniuk (ESRB)

11:00 – 11:15: Coffee Break

11:15 – 13:00: Module 10. Practical Activity: Macro Risks: structural vulnerabilities and financial stability considerations – Massimo Ferrari/Antoine Bouveret (ESMA)

13:00 – 14:00: Launch Break

14:00 – 15:30: Module 11. Roundtable Discussion (title TBC) “A macroprudential approach to investment funds”

• € 1950 – Private Sector
• € 1750 – 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