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Exchange rate movements and bank lending
Recent exchange rate volatility has drawn attention to the impact that sharp exchange rate movements can have on banks’ balance sheets and therefore their profitability, which is a concern for supervisors and financial stability...
Now in its third edition, the CBBS Executive Education Programme continues to thrive as a flagship initiative jointly developed by the European University Institute (EUI) and the European Central Bank (ECB).
The 2025–2026 edition of the Central Banking and Banking Supervision (CBBS) Executive Education Programme began on 15 September with an online orientation and was followed by the first residential training week at the EUI’s historic Badia Fiesolana from 29 September to 2 October. Fifty participants from across 26 institutions from the European System of Central Banks (ESCB) and the Single Supervisory Mechanism (SSM) came together to embark on an eight-month learning journey designed to equip them with the knowledge, tools, and perspectives to lead in today’s rapidly evolving economic and financial landscape.
A unique, interdisciplinary training experience
The CBBS programme is the first of its kind in Europe, bringing together professionals working in both core central banking areas and banking supervision. Its blended format — spanning online and residential courses — offers a comprehensive and flexible structure. Over the course of the year, participants engage with eleven modules covering both transversal and technical topics, ranging from monetary policy and financial stability to banking supervision, from digital finance to climate risks and sustainable finance.
This broad, interdisciplinary approach reflects the programme’s three main objectives:
- To foster the next generation of leaders within the ESCB and the SSM, in line with the institutions’ Learning and Development strategy,
- To address the latest trends and provide cutting-edge knowledge on pressing issues in central banking and banking supervision.
- To build a European training “hub”, supported by world-class academics and policy experts, for exchange and peer learning across institutions.
Strong growth and expanding impact
Since its inception in 2023, the CBBS programme has seen remarkable growth and recognition. Participation has steadily expanded from 20 to 26 institutions, with nominations increasing year after year. Completion rates in the first two academic cycles reached 100%, a testament to the programme’s quality and relevance.
Feedback from participants has been overwhelmingly positive. One alumnus reflected: “What truly sets the CBBS Programme apart is its comprehensive approach, covering a wide spectrum of modules including hot topics.” Another highlighted its transformative impact: “The CBBS Programme has been a transformative learning experience that has enriched both my professional capabilities and personal development, empowering me to contribute effectively to the dynamic landscape of central banking and banking supervision.”
World-class faculty and expert guidance
The first week of October 2025 featured courses on Monetary Policy and Banking Supervision, delivered by high-level academics and experts, including Andrea Resti and Elena Carletti (Bocconi University), Angela Maddaloni, Michele Lenza, and Gabriel Glöckler (ECB), Edouard Challe (Paris School of Economics), and Giancarlo Corsetti (EUI).
A proven partnership for the future
The enduring partnership between the EUI and the ECB has been central to the programme’s success, combining academic excellence with institutional expertise to nurture a new generation of professionals. With its growing reach and impact, the CBBS Executive Education Programme is firmly establishing itself as a cornerstone for technical development across Europe’s central banking and supervisory community.