The post-financial crisis regulatory reform agenda continues to be rolled out. Some of the most recent and interesting initiatives include new standards for corporate and risk governance, the introduction of recovery and resolution planning, and the more active use of a wider range of macro-prudential policy instruments. Meanwhile, the increasing development and use of financial technology is driving financial innovations in banking products, sales, marketing and distribution systems, with consequences for business models and for sources of operational risks.
These regulatory and technological developments coincide with an increasingly complex, uncertain and higher risk environment in the banking sector, reflecting in part, the slow and uneven world economic growth. Risks from geopolitical instability and interdependent financial markets continue to increase. All of these factors continue to elevate risks from asset bubbles, non-performing loans and bank failures.
This program will examine the implications of these regulatory and technological developments for banking supervisors. There is a greater requirement on supervisors to understand these developments, to exercise judgement in reaching supervisory assessments relating to these areas, and to work closely with newly emerging resolution and macro-prudential authorities, both nationally and across jurisdictions. There are also implications here for the leaders of supervisory agencies, in terms of the skills, expertise and resources required to respond effectively to these regulatory and technological developments.
The program will open with sessions on how to identify key stakeholders of supervisory authorities, and how to communicate effectively with them to achieve results. Throughout the program, participants will work on action plans for self-identified challenges they face and will need to address once they are back at their home organizations.
Banking participants will learn from seasoned experts and practitioners – who have lived the case studies that they present -- and will be given the opportunity to discuss their own experiences and strategies. In addition to the joint sessions, sector-specific breakout sessions and case studies will be included, in recognition of the specific needs and interests of banking supervisors.