The post-crisis regulatory reforms are now largely agreed, if not yet fully implemented. They are intended to make banks and other financial institutions more resilient, and to enable failing systemically important banks to be resolved in a more orderly fashion. This program will examine the challenges that emerging market economies face in implementing the post-crisis reforms.
Meanwhile, new technological innovations are reshaping the financial services industry. The evolving development and increasing use of financial technology is driving financial innovations in banking products, sales, marketing and distribution systems, with consequences for business models and sources of operational risks. The challenge for policy makers is how to harness the benefits of FinTech and minimize risks without stifling innovation.
This program will examine the implications of these regulatory and technological developments for banking supervisors. There is a greater requirement for 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 macroprudential authorities, both nationally and across jurisdictions. There are also implications 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.
Interactive case studies and crisis management activities will help participants explore how to coordinate effectively with stakeholders during a crisis. The program will explore tools and techniques to deal with the conflicting demands of different stakeholders and the systemic consequences of a bank failure, and to adapt rapidly changing financial and operational stresses that threaten the strength and resilience of the system.