Are you prepared to manage a systemic financial crisis in your country? If you were a top US regulator, would you have handled the failure of Lehman Brothers in a different manner? Is your country ready for Basel 3? Are you sure you know how to supervise a large and complex financial conglomerate? What can you do to facilitate financial inclusion, consumer protection and financial literacy?
These are some of the questions addressed at the Seminar for Senior Bank Supervisors from Emerging Market Economies, - jointly organized by the International Monetary Fund (IMF), the US Federal Reserve System (US Fed) and the World Bank – from October 18 to 29, 2010 in Washington, DC.
This year, 56 senior officials from 42 different countries attended the two-week seminar. Participants discussed lessons from the recent financial crisis, reviewed current international trends on bank supervision, and received training on the surveillance of credit, liquidity and market risks.
“At the World Bank, we are convinced that the banking sector plays an important role in boosting economic growth and reducing poverty. We are working to improve our tools and programs to examine the soundness of your financial systems and the developmental challenges you face,” Mahmoud Mohieldin, Managing Director of the World Bank Group, told participants.
There are many areas for future collaboration between banking supervisory authorities and the World Bank, indicated Managing Director Mahmoud Mohieldin, such as:
• the gradual adoption of major international standards
• the strengthening of existing bank resolution frameworks, including cross-border resolutions
• the development of macro-prudential tools and crisis preparedness arrangements to maintain financial stability
• the adoption of new tools for the supervision of large and sophisticated financial conglomerates
• the implementation of higher standards on consumer protection and financial literacy, and
• the adoption of effective policies to promote financial inclusion and foster competition.
In today’s world, technology and innovation are challenging all of us. Branchless banking, e-money, and the growing partnerships between telecom companies and financial intermediaries are creating new opportunities to provide savings, credit, insurance, and payments services to the poor in a cost-effective manner. At the same time, these innovations are bringing new types of risks for financial institutions and new challenges for supervisors.
Agenda (PDF)  Presentations
Week 1
Monday, October 18, 2010
The Basel Committee's Enhancements to the Basel II Capital Accord and The Current Work of the Basel Committee
Elizabeth Roberts, Financial Stability Institute The Future of Financial Regulation and Supervisory Lessons Learned from the Global Financial Crisis
Panel Discussion Chaired by Aditya Narain, IMF
Panelists: Cihan Aktas (Turkey), Wilma Aquino (Brazil) and G. Gopalakrishna (India)
Supervisory Challenges - RBI Gopalakrishna
Tuesday, October 19, 2010
Crisis Simulation Exercise
David Scott & Aquiles Almansi, World Bank
An Overview of Recent Developments in Global Financial Stability
Joseph di Censo, IMF
The Role of Credit Rating Agencies in Supervision and Regulation
John Kiff, IMF
Reading: The Uses and Abuses of Sovereign Credit Ratings, Global Financial Stability Report, Chapter 3, IMF, October 2010
Wednesday, October 20, 2010
Leadership and Management Challenges for Bank Supervisors
Hooi Eng Phang, Toronto Centre
Leading Organization Change Management Workshop - Bear Steams and Lehman Case Studies
William Ryback, Toronto Centre
- Bear Steams Case Study, William Ryback, Toronto Centre
- Lehman Case Study, William Ryback, Toronto Centre
Thursday, October 21, 2010
Systemic Surveillance and Use of Macroprudential Indicators
Elie Canetti, IMF
Stress Testing
Martin Cihak, IMF
Bank Restructuring and Resolution
Luis Cortavarria, IMF
Core Principles of Deposit Insurance
David Parker, IMF
Friday, October 22, 2010
Consumer Protection and Literacy
Sue Rutledge, World Bank
- Reading: Country Studies Provide Powerful Financial Consumer Protection, ECA Knowledge Brief, The World Bank, July 2010
Access to Financial Services: The Role of Regulators
Timothy Lyman and Denise Dias, CGAP - Reading: Protecting Branchless Banking Consumers, Focus Note, Denise Dias and Katherine McKee, CGAP, September 2010
Week 2 Monday, October 25, 2010
Consolidated Supervision
Jose de Luna Martinez, World Bank
Financial Projection Model
Murat Arslaner and Jose de Luna Martinez, World Bank
Risk-Focused Supervision: Examination Process Overview
Robert Walker, Federal Reserve Board
Risk-Focused Supervision: Examination Documents
Robert Walker, Federal Reserve Board
- Institutional Overview
- Risk Assessment
- Supervisory Plan 2004
- Scope - Corporate Governance
- Inspection Cover Letter
- Officer Questionnaire
Tuesday, October 26, 2010
Credit Risk Assessment Overview
Robert Walker, Federal Reserve Board
Credit Risk Examination - Techniques and Modeling
Robert Walker, Federal Reserve Board
Wednesday, October 27
Operational Risk - Assessment Overview
Ken Fulton, Federal Reserve Board
Operational Risk - Examination Techniques and Modeling
Ken Fulton, Federal Reserve Board
Thursday, October 28, 2010
Market/Liquidity Risk - Assessment Overview
Steve Sanderford, Federal Reserve Bank of Richmond
Friday, October 29, 2010
Aggregate Risk - Assessment Overview
Robert Walker, Federal Reserve Board
- Case Study: ABC Corporation
- Presentation: Case Study ABC Corporation
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Background Readings: Case Study: ABC Bankcorporation
Case Study: Board Packet Contacts Please visit the previous years' seminar website at:
Seminar for Senior Bank Supervisors, October 19-30, 2009
Seminar for Senior Bank Supervisors, October 20-31, 2008
Seminar for Senior Bank Supervisors, October 16-27, 2006
Seminar for Senior Bank Supervisors, October 18-29, 2004
Seminar for Senior Bank Supervisors, October 20–31,2003 For additional pictures, please click here. |
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