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Securitisation Regulation and Practice Online Course

 
  • First Pilot edition: 8-22 May 2020

    Application deadline: 27 April 2020

    This online course by the Florence School of Banking and Finance has the objective to provide participants with a comprehensive knowledge of securitisation, looking at both the regulatory and practical aspects.

  • Learning objectives

    After having completed this online course, participants will be able to:

    • Identify the structures, types and main actors of securitisation
    • Analyse the potential risks that could arise in securitisation
    • Review the international regulatory framework on securitisation by defining the main actors, practices and challenges
    • Illustrate the main components of the European Union regulatory framework of securitisation
    • Compare the role and functions of supervisors in the EU and in the US
    • Address the rules on capital relief for originator banks and insurance companies and address the upcoming regulatory evolutions
    • Discuss the capital requirements for banks and insurers investing in securitisation positions
    • Review the practical experiences of SMEs with securitisation and the current trends with securitisation in NPEs
    • Theorise the role of securitisation in fostering green finance
    • Calculate liquidity requirements in real-life case scenarios
  • Target audience

    This course is held at introductory/intermediate level. It is intended for junior professionals (with between 1 and 5 years of professional experience) from institutions which include:

    • Financial Regulators
    • Financial Supervisors
    • Members from Central Banks
    • Members of institutions (EU institutions, intergovernmental organisations, national or local institutions)
    • Academics (researchers and students)
    • Private sector participants (including but not limited to banks and other financial institutions, law firms, insurance companies)

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

  • Structure

    The course is structured in six modules:

    • Module 0: Introduction to the course
      Instructor: Jan Trevisan (EUI FBF)
    • Module 1: Securitisation as financial engineering: logic, nuts and bolts
      Instructor: to be announced
    • Module 2: Asset types, possible risks, and the Crisis
      Instructor: Patrick Kearns (formerly at Bank of Montreal)
    • Module 3: Regulatory framework for regulation and supervision of securitisation
      Instructors: Adrien Amzallag (ESMA); Bart Joosen (VU Amsterdam and Recofise); Christian Moor (European Banking Authority)
    • Module 4: Dealing with securitisation products on the market
      Instructors: Simon Broxham (Duver Consulting); Anna Bak (AFME)
    • Module 5: Prudential regulation of securitisation transactions
      Instructor: Bart Joosen (VU Amsterdam and Recofise)
    • Module 6: Securitisation of NPEs, the role of SMEs, Green Securitisation
      Instructors: Patrizia Canziani (KNG Securities); Christian Moor (EBA)
    • Module 7: Green Securitisation
      Instructors: Anna Bak (AFME); Christy Petit (EUI FBF); Pierre Schlosser (EUI FBF)
  • Manadatory activities

    To receive the certificate of succesfull completion, course participants will have to complete a set of mandatory activities, as described here.

    The estimated time required to complete all activities in the course is approximately 12-15 hours (depending on individual prior knowledge).

    Week 1
    (modules 1-4)

    • Read the documents suggested for the week's modules
    • Attend the video and audio lectures
    • Comlplete the quizzes (2 graded, 1 non-graded)
    • Respond to discussion prompts in the forum (3 graded, 1 non graded)
    • Participate in the first live class (not mandatory, but highly recommended)

    Week 2
    (modules 5-7)
    • Read the documents for the week's modules
    • Attend the video and audio lectures
    • Comlplete the quizzes (1 graded)
    • Comlplete a practical exercise (1 graded)
    • Respond to discussion prompts in the forum (2 graded)
    • Participate in the second live class (not mandatory, but highly recommended)

  • Course agenda

    The course is self-paced. Participants will have access to all contents and material from the first day. The online platform is open 24/7. The deadlines are as follows:
    • Day 1 (Friday, 8 May)
      - Opening of the course
      - Access opens for modules 0-6
    • Day 8 (Thursday, 14 May)
      - Live class for modules 1-4 (from 1:00 to 2:30 PM, Central European Time)
      - Deadline to complete all activities in modules 1-4
    • Day 12 (Tuesday, 19 May)
      - Live class on modules 5-6 (from 1:00 to 3:00 PM, Central European Time)
    • Day 15 (Friday, 22 May)
      - Deadline to complete all mandatory activities (7:00 PM, Central European Time)
  • Admission

    The pilot edition of the course will take place on 8-22 May 2020.

    Places are limited for the pilot edition of the course. Admissions is by application only. Participants will be selected by the organisers to ensure a balance representation in terms of organisations of origin.

    Deadline for applications: 27 April 2020

    > To apply for the course, fill out this form.

     

    Fees

    A 30% discount is applied to all registrations for the pilot edition of the course. Prices are as follows:

    • Participants from the private sector: € 900 €630 (pilot edition discount)
    • Participants from the public sector: € 750 €525 (pilot edition discount)
    • Participants from academic organisations: € 600 €420 (pilot edition discount)
  • Frequently asked questions

    What does a 'pilot edition' entail?
    As this course is being offered for the first time, in the occasion of the 'pilot edition' we highly appreciate the feedback from participants on the course content and the structure. For this reason, only a restricted number of places is available for the 'pilot edition' of the course. In exchange for their feedback, admitted participants will benefit from an exclusive 30% discount on the full course fees.

    When will classes take place?
    Anytime! The platform is open 24 hours per day, 7 days per week. You can access the material and progress in the course at your own convenience. Apart from the online seminars set in the course agenda, there are no activities with fixed times.

    Do I need to participate in the live classes?
    Participation in live classess is highly recommended. In case you are unable to attend a live class, inform the course facilitator - you will have the chance to review the session at your own convenience.

    What if I do miss a deadline?
    If you fail to complete a mandatory activity before a deadline, you will receive a 0% grade on that activity. Extensions can be negotiated, but only in case of severe reasons, which need to be notified before the expiration of the deadline.

    Is there a minimum grade required?
    The quizzes and the practical exercise are graded (from 0-100%), while individual forums are graded either 0% (no response) or 100% (response submitted). Only participants who, at the time of the deadline for completing mandatory material, will have a combined grade of 80% or above will receive a course completion certificate.

    What if I do not reach 80% in all graded material?
    Participants who fail to reach a final grade of at least 80% will not qualify a course completion certificate. A certificate of participation will be issued instead.

    Do I need any particular hardware or software to join the course?
    No. The FBF e-learning platform is accessible via a simple web browser. You will just be asked to install a small plugin for the live classes (instructions will be provided).

    Does this course qualify for professional development credits?
    No. This course does not qualify for any professional development credit scheme.