European Supervisor Education Initiative

THE IDEA BEHIND THE INITIATIVE

The aim of the European Supervisor Education Initiative (ESE) is to improve the skills of European supervisors in the fields of banking, insurance and securities to a high standard by means of a modular seminar program. The programs combine the knowledge and experience of practitioners from the field of supervision with academic solutions from a European perspective. The interaction of seminar participants from various disciplines and countries aims to promote mutual understanding and a European supervisory culture. The Initiative highlights the importance of training financial supervisors for financial stability. It builds on the impetus provided by the European committees for banking, insurance and securities supervision (CEBS, CEIOPS and CESR), which have prioritised the training of European supervisors for 2009.

THE INITIATIVE FOUNDING MEMEBERS

Federal Financial Supervisory Authority (BaFin)

Oesterreichische Nationalbank (OeNB)

Deutsche Bundesbank

Goethe Business School (Goethe University Frankfurt)

THE EDUCATION INITIATIVE

1.    THE INITIATIVE LAUNCHING CONFERENCE 2009

The Initiative launching conference „How to contribute to financial stability – Educating supervision as an inte¬gral part of European financial supervision“ took place on July 1st and 2nd 2009, at the House of Finance, at Goethe-University in Frankfurt/Main.

2.    ESE – SEMINARS

General Background
The financial crisis has undermined the trust in market and credit risk models currently used by financial institutions and rating agencies. At the same time, volatile markets and the proliferation of innovative financial products make market and credit risk management ever more complex and essential. Structured credit instruments in the trading books blur the traditional separation of market and credit risk and call for sophisticated approaches to integrate different types of risk. The financial crisis also highlighted the importance of stress testing as a supplement to value at risk models as well as a general need for moving to a new risk management architecture.

Speakers and objective
The seminars provide an overview over current issues in the area of market and credit risk as well as addressing the regulatory frameworks for banks and insurances, Solvency II and the new Basel framework from three different perspectives: the regulatory, the industry and the academic perspective. Participants receive a non-technical overview over modelling techniques, and aspects of stress testing from leading experts.

Target group
The seminars address banking and insurance supervisors who want to broaden their understanding and gain access to front-line knowledge in market and credit risk management and regulation.

Training Language
Training is in English and independent from a particular location, although the program has so far been held in the Frankfurt area and Vienna, given the composition of its founding members.

Registration Form