Federal Reserve System Training Center
1850 K Street, N.W., Fourth Floor, Washington, D.C.
Organized by the Financial and Private Sector Vice Presidency of the World Bank, the Federal Reserve Board, and the International Monetary Fund.
The objectives of this seminar are to familiarize participants with emerging financial sector issues and trends, reinforce the importance of bank and financial sector regulation and supervision for economic growth and development, discuss different regulatory and supervisory approaches, suggest solutions for dealing with bank insolvency and financial system distress, update supervision and examination skills in the context of advances in risk assessment and management, and provide tools to aid in leading change management in their organizations At the conclusion of the seminar, participants will be better informed of the advances in risk-focused supervision and in the techniques of assessing management, asset quality, capital adequacy, earnings, liquidity, operational and market risk, and overall financial condition of a bank; will have enhanced their understanding of the means to regulate and supervise financial conglomerates which include banks; will have strengthened their skills in analyzing bank financial statements and prudential reports; and will have gained inputs for improving the on-site examination and off-site monitoring capabilities in their jurisdictions.
Senior bank supervisors from emerging economies, including heads and deputy heads of supervision, directors of bank supervision, or high-level officials involved in policymaking for the supervision and regulation of banks, and a limited number of World Bank and International Monetary Fund staff engaged in financial sector work.
Building on the World Bank and International Monetary Fund cross-country experiences and the Federal Reserve Board's expertise, this two-week seminar focuses on practical aspects of key supervisory topics in developing countries and to define strategies and policies for the regulation and supervision of banking systems. The seminar seeks to familiarize participants with emerging financial sector issues and trends, reinforce the importance of bank and financial sector regulation and supervision for economic growth and development, discuss different regulatory and supervisory approaches, suggest solutions for dealing with bank insolvency and financial system distress, and to update supervision and examination skills.
Strong and effective bank supervision and prudential regulation are cornerstones of a healthy financial system. Since the 1980s, nearly every financial sector adjustment operation undertaken by the World Bank has included a component for strengthening bank supervision and prudential regulation. Traditionally, in most countries, highly specialized bank supervision and examination skills have been learned on-the-job, with only the largest, most developed countries having the resources to establish training department and training courses. Training, to the extent that it has been conducted in the developing countries, has been narrow in focus and has frequently not kept pace with changes in the outside world.
This seminar will attempt to overcome some of these shortcomings by bringing together a group of participants from a wide variety of countries. The first week focuses on discussions of the principal policy issues facing bank supervisors in developing countries. The first week's sessions attempt to establish the linkages between financial system health and macroeconomic performance. From these broader discussions, the seminar moves to discussions concerning the causes of financial system distress, the supervisory problems which result, and possible solutions to financial system distress including the restructuring of the banking systems. World Bank and International Monetary staff and a distinguished group of experts from the United States' bank supervisory agencies, other advanced supervisory agencies, and the Basel Committee lead the first week's discussions.
The second week of the seminar focus on skills development. Instructors from the Federal Reserve System and other advanced supervisory agencies discuss bank examination and supervision techniques. Principal topics include: risk focused supervision, operational Risk Assessment, Market Liquidity Risk and Aggregate Risk Assessment. The topics are presented using combination of lecture, class discussion, case studies, group exercise and class presentations. Class participation and interaction are encouraged as an effective means of sharing ideas and learning.
This seminar continues the process of World Bank, Federal Reserve System and International Monetary Fund technical assistance to developing countries in establishing strong and effective bank supervision programs and in providing alternative for the restructuring of distressed banking systems that is necessary for restoring economic growth, vitality, and development.
Week 1 - Monday • October 19, 2009
The Financial Crisis: Its Impact on Emerging Markets, Laura Kodres, IMF
The Financial Crisis: Experiences from Emerging Economies, Session Chair: Muhammad Baasiri, Lebanon
- Panelist: Stanislaw Kluza, Poland
- Panelist: Ludmila Vojevoda - Latvia
Week 1 - Tuesday • October 20, 2009
Stress Testing, Mariano Cortes, IMF
Problem Bank Resolution, David Hoelscher, IMF
Systemic Surveillance and Use of Macro Prudential Indicators, Barry Johnston, IMF
Early Warning Indicators for Preventive Banking Supervision, Amine Awad, Banking Control Commission of Lebanon
Week 1 - Wednesday • October 21, 2009
Crisis Preparedness, David Scott, World BankContingency Planning and Crisis Simulation Exercise, David Scott & Aquiles A. Almansi, World Bank
Global Supervisory Standards and Basel Core Principles Overview, Elizabeth Roberts, Financial Stability Institute
Building a New Financial Architecture: the Current Work of the Basel Committee, Elizabeth Roberts, Financial Stability Institute
Week 1 - Thursday • October 22, 2009
Opening Presentation: Leadership and Management Challenges for Bank Supervisors, Hooi Eng Phang, Toronto Center
Leading Organization Change Management Workshop, William Ryback, Toronto Center
Week 1 - Friday • October 23, 2009
Deposit Insurance, David Parker, IMF
Consolidated Supervision, Joaquin G. Gutierrez, World Bank
Week 2 - Monday • October 26, 2009
Accounting for Financial Instruments, Art Lindo, Federal Reserve Board Enhancing International Cooperation and Coordination in Light of the Financial Crisis, Jack Jennings, Federal Reserve Board
Risk-Focused Supervision: Examination Process Overview, Robert Walker, Federal Reserve Board
Risk-Focused Supervision: Examination Documents, Robert Walker, Federal Reserve Board
Week 2 - Tuesday • October 27, 2009
Credit Risk Assessment Overview, Robert Walker, Federal Reserve Board
Credit Risk Examination Techniques & Modeling, Robert Walker, Federal Reserve Board
Week 2 - Wednesday • October 28, 2009Operational Risk Assessment Overview, Ken Fulton, Federal Reserve Board
Operational Risk Examination Techniques & Modeling, Ken Fulton, Federal Reserve Board
Week 2 - Thursday • October 29, 2009Market/Liquidity Risk Examination Techniques & Modeling, Steve Sanderford, Federal Reserve Bank of Richmond
Market/Liquidity Risk Assessment Overview, Steve Sanderford, Federal Reserve Bank of Richmond
Week 2 - Friday • October 30, 2009
Aggregate Risk Assessment Overview, Robert Walker, Federal Reserve Board
Case study: Risk-Focused Supervision
Case study: Bear Sterns
Case study: Background Information
Please visit the previous years' seminar website at:
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