2017

FSI programme
1
Contents

The Financial Stability Institute .................................................................................................................................................... 3

FSI activities ......................................................................................................................................................................................... 4

Overview of 2017 programme for financial sector supervisors ...................................................................................... 9

High-level meetings ....................................................................................................................................................................... 12

Policy implementation meetings .............................................................................................................................................. 13

Conferences ....................................................................................................................................................................................... 18

Seminars for banking supervisors

Global seminars in Switzerland ................................................................................................................................. 20

Regional seminars .......................................................................................................................................................... 22

Seminars for insurance supervisors

Global seminars in Switzerland ................................................................................................................................. 26

Regional seminars .......................................................................................................................................................... 27

Webinars ............................................................................................................................................................................ 29

Meet the FSI team ........................................................................................................................................................................... 30

Contact details .................................................................................................................................................................................. 33

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The Financial Stability Institute

The Financial Stability Institute (FSI) was jointly created in 1999 by the Bank for International Settlements
(BIS) and the Basel Committee on Banking Supervision (BCBS) to assist supervisors around the world in
improving and strengthening their financial systems.

Objectives of the FSI

To foster sound understanding of supervisory standards and practices among financial sector
authorities globally and to assist supervisors in implementing these standards and practices
To keep supervisors updated with the latest information on market products, practices and
techniques
To provide a venue for policy discussion and sharing of supervisory practices and experiences
To promote cross-sectoral and cross-border supervisory contacts and cooperation

The FSIs main activities and products

Meetings with senior officials, conferences, seminars and webinars

FSI Connect (the BISs web-based learning tool and information resource for financial sector
supervisors)
Policy implementation analysis
Fellowship programme

3
FSI activities

FSI events

The FSI offers an extensive annual programme of events, with different audiences and areas of focus
depending on the nature of the event.
High-level meetings provide a forum for heads of supervisory authorities to discuss recent
developments in global prudential standards together with regional regulatory and supervisory
priorities.
Policy implementation meetings present an opportunity for heads of department at
supervisory authorities to explore the practical regulatory and supervisory issues connected with
the implementation of global prudential standards.
Conferences provide a forum for financial sector supervisors to discuss topical cross-sectoral
issues.
Global seminars in Switzerland give supervisors from around the world an opportunity to learn
about, and exchange views on, leading technical topics related to financial sector regulation and
supervision.
Regional seminars are organised jointly by the FSI and regional supervisory groups in various
locations around the world and focus on technical topics chosen by the relevant regional group
in consultation with the FSI.
Webinars provide up-to-date information on recent developments in financial sector regulation
and supervision in a format that enables broad participation.

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General information on FSI events
Participation:
- High-level meetings and policy implementation meetings: senior officials by invitation only
- Regional seminars: technical experts from member and observer organisations of the designated
regional supervisory group
- Other FSI events: technical experts from central banks and supervisory authorities globally
Costs: The FSI does not charge any fees for participation in its events. Participants are responsible for their
own travel and lodging expenses, as well as insurance.
Changes: Additional events may be included during the year, and dates for scheduled events might
change on occasion. For the most up-to-date information, consult the programme overview on the FSI
website (www.bis.org/fsi/activities.htm).
Registration for global seminars in Switzerland: Approximately eight weeks prior to an event being
held in Switzerland, the heads of supervision at central banks and supervisory authorities will receive an
e-mail inviting them to nominate a member of staff to participate. This e-mail will be accompanied by a
letter of invitation, draft agenda and instructions for online registration. Applications for registration are
accepted only during the registration period (ie no pre-registrations are accepted) and are dealt with on
a first come, first served basis.
Registration for regional seminars: Registration is handled directly by either the secretariat of the
regional supervisory group or the host central bank or supervisory authority.

FSI Connect

FSI Connect is the BISs online learning and information tool available exclusively to central banks,
supervisory authorities, deposit insurers and eligible public sector authorities. It offers a comprehensive
range of tutorials covering the latest prudential standards, key guidance on banking and insurance
supervision as well as the main accounting and deposit insurance topics. FSI Connect is an effective tool
for building institutional capacity and a useful complement to in-house training programmes. Currently,
almost 300 organisations from over 150 countries subscribe to FSI Connect.
FSI Connect is available by subscription. The cost of a subscription depends on the number of licences and
the term of the subscription. For further information, please contact us at fsiconnect@bis.org or refer to
the FSI Connect website (www.fsiconnect.org).

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FSI Connect library

Tutorials by subject matter Examples of topics covered

Capital adequacy and solvency
(including Basel III and global
Accounting insurance capital standards)
16
Products, Key risk types and their
markets and Banking management
infrastructure supervision
53 109 Accounting issues relevant to
financial sector supervisors
Risk Macroprudential supervision
management
61 Resolution
Insurance
supervision
52

In addition to developing new content, the FSI continues to update or replace existing tutorials, as
necessary, to ensure that they reflect the most recent guidance from the BCBS and the International
Association of Insurance Supervisors (IAIS). The FSI also selectively develops new content based on
publications from the Financial Stability Board, the International Association of Deposit Insurers, the
International Organization of Securities Commissions and the International Accounting Standards Board
that are particularly relevant to banking and insurance supervisors.
To view the complete library of tutorials, refer to the FSI Connect website
(http://www.fsiconnect.org/User_Documents/interactive_syllabus.pdf).

Content planned for 2017

In 2017, the FSI plans to release new tutorials on the following topics:
Revised Basel III standardised and IRB approaches for credit risk
Revised credit risk mitigation framework under Basel III
Margin requirements for non-centrally cleared derivatives
Resolution of global systemically important insurers (G-SIIs)
Policyholder protection schemes
The titles planned for update in 2017 include the following:
Recovery and resolution
Leverage ratio derivatives and SFTs
Liquidity risk an introduction
Basel II interest rate risk in the banking book
Operational risk management sound practices
Systemic risk from an insurance perspective
G-SIIs policy measures
Insurance accounting an introduction

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Tablet-compatible and shorter tutorials
In response to feedback from FSI Connect users and taking into account the latest e-learning
developments, the FSI recently introduced shorter, tablet-compatible tutorials. These tutorials provide
greater flexibility to accommodate busy schedules and mobile lifestyles. All new FSI Connect tutorials
developed in 2017 will be in the new format.

Executive summaries
In an effort to ensure that FSI Connect continues to meet the information needs of users at all levels of
seniority, in 2016 the FSI introduced Executive Summaries as a new feature in FSI Connect. Executive
Summaries are brief, printable documents that succinctly describe the most important aspects of a
particular hot topic and are likely to be of interest to senior supervisors.
In 2017, the FSI will publish new Executive Summaries on the following topics:
Revised market risk framework
Basel III capital floor framework
IRRBB standardised Pillar 2 framework
Basel III leverage ratio framework
Basel III and post-crisis reforms
Capital adequacy requirements for G-SIIs

Structured learning
A key feature of the FSI Connect website is its learning paths. Each learning path consists of a group of
pre-selected, sequenced tutorials on the topics that are most relevant for staff in a particular role or at a
given stage in their career. There are currently 10 learning paths for banking and seven for insurance. For
example, there are learning paths on Banking Supervision Fundamentals, Systemically Important
Banks, Systemically Important Insurers and Actuarial Staff. Subscribing organisations can also combine
FSI Connect tutorials into their own custom courses to meet internal training needs.

Integrated learning
FSI Connect can and should be integrated with other forms of learning such as seminars, workshops
and classroom sessions. Since FSI Connect is available anytime, anywhere, it can also support on-the-job
training initiatives. The FSI integrates FSI Connect tutorials with its own seminars by offering participants
access to specific tutorials prior to an event. This gives participants the opportunity to prepare for seminars
in advance and helps ensure that all participants have a sufficient understanding of the basic concepts.
In addition, the FSI Connect learning management system offers comprehensive administrative capabilities
that allow line managers or training professionals to monitor and track staff usage and progress.

FSI policy implementation analysis

In 2017, the FSI will enhance its policy implementation work with the following objectives:
Exploring the range of policy options for key prudential initiatives and the related
implementation strategies and approaches employed by supervisors in different jurisdictions
Strengthening the linkages between the FSIs analytical work and its dissemination activities

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The main output of this enhanced approach will be a series of FSI Policy Implementation Notes (PINs),
which will be used to help guide discussions at high-level and policy implementation meetings. The PINs
will also be made available to the broader supervisory community through the FSI website.
For 2017, the policy implementation topics that the FSI will cover in PINs include:
Supervisory strategies for dealing with non-performing loans
Institutional arrangements for financial sector supervision
Supervisory approaches to cybersecurity

FSI fellowship programme

Each year, the FSI offers a limited number of positions to supervisors from central banks and supervisory
authorities to participate in the FSIs fellowship programme. A fellowship typically lasts for 90 days and
gives fellows the opportunity to contribute to the FSIs policy implementation work, particularly the
development of PINs. The competition is very strong, and the selection criteria focus on the relevance of
the candidates knowledge and experience vis--vis the specific PIN topics planned for the year.

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Overview of 2017 programme for financial sector supervisors

High-level meetings for banking supervisors

2627 Jan High-level meeting for Africa (Cape Town) 12
2223 Mar High-level meeting for Asia (Bali)
1819 Oct High-level meeting for Europe (Basel)
79 Nov High-level meeting for Latin America and the Caribbean (Asuncin)
1314 Dec High-level meeting for the Middle East (Abu Dhabi)

High-level meeting for insurance supervisors

18 Apr High-level meeting for Latin America and the Caribbean (Santiago de Chile) 12

Policy implementation meetings

56 Apr EBA: Basel III and CRD/CRR new standardised approaches and non-performing 13
loans (Basel)
35 May BCBS: Implementation of Basel standards (Basel)
89 Aug SEACEN: Meeting of directors of supervision from Asia-Pacific economies (Hong
Kong SAR)
1213 Sep IADI: Early supervisory intervention, resolution and deposit insurance (Basel)
1314 Sep ASBA: Liquidity risk and supervisory approaches for dealing with non-performing
loans (Braslia)
1718 Oct SEANZA/HKMA: Supervisory approaches for dealing with non-performing loans
(Hong Kong SAR)
2526 Oct Institutional arrangements for financial sector supervision (Basel)
31 Oct MEFMI/TC: Macroprudential supervision and supervisory approaches for dealing
2 Nov with non-performing loans (Maputo)
7 Nov GIFCS: Supervisory approaches for dealing with cyber-risk (Hamilton)
89 Nov CEMLA: Cybersecurity (Buenos Aires)

Conferences
3031 May Seventh biennial risk management and supervision conference the impact of the 18
low-profitability environment on banking and insurance (Basel)
1517 Nov IOSCO: Trading book and market infrastructure conference (Basel)
57 Dec IADI: Eighth conference on bank resolution, crisis management and deposit
insurance issues (Basel)

Global seminars in Switzerland for banking supervisors

2426 Jan Management and supervision of liquidity risk (Basel) 20
1416 Mar Financial stability and stress testing (Basel)
1115 Sep Thirty-fourth international banking supervision seminar (Beatenberg)
1921 Sep Operationalising macroprudential tools in supervision (Basel)

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Regional seminars for banking supervisors
2830 Mar ASBA: Standardised approaches in Basel III (Bogot) 22
1012 Apr AMF: Liquidity risk and interest rate risk in the banking book (IRRBB) (Abu Dhabi)
2527 Apr SEACEN: Regulation and supervision of credit risk and the new expected loss
provisioning framework (Bangkok)
2527 Apr CEMLA: Systemically important banks (SIBs) financial stability, regulation and
supervision (Mexico City)
24 May GCC: Standardised approaches in Basel III (Abu Dhabi)
1618 May EMEAP: Regulation and supervision of liquidity risk and interest rate risk in the
banking book (IRRBB) (Manila)
68 Jun BSWCA: Standardised approaches in Basel III (tbd)
35 Oct CGBS: Standardised approaches in Basel III (Panama City)
1012 Oct AMF: Risk-based supervision and Basel III (Abu Dhabi)
1416 Nov EMEAP: Problem bank supervision, early intervention and resolution (Auckland)
57 Dec ESE/ BSCEE: Implementation of Basel III (Berlin)

Global seminars in Switzerland for insurance supervisors

23 Oct IAIS: Global Insurance Capital Standard (ICS) Version 1.0 (Basel) 26
79 Nov IAIS: Supervision and crisis management of internationally active insurance groups
(IAIGs) and G-SIIs (Basel)

Regional seminars for insurance supervisors

46 Apr AMF/IAIS: Detecting and managing risks of insurance entities and groups (Abu 27
Dhabi)
1113 Jul AITRI/IAIS: Regulating, implementing and supervising corporate governance (tbd)
57 Sep ASSAL/IAIS: Corporate governance and Enterprise Risk Management (ERM) (Mexico
City)
35 Oct IAIS: Protecting policyholders and financial stability with risk-based supervision and
proportionality (Dilijan)
1719 Oct IAIS: Risk management and risk-based supervision (Windhoek)

Webinars for insurance supervisors

10 Aug to Fourth FSI-IAIS regulatory and supervisory online (FIRST ONE) programme 29
14 Dec
14 Sep Global Insurance Capital Standard (ICS) Version 1.0

Note: For the latest information, including any updates to the programme, please refer to the
overview at: www.bis.org/fsi/activities.htm.

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AITRI: ASEAN Insurance Training and Research Institute GCC: Gulf Cooperation Council Committee of Banking
AMF: Arab Monetary Fund Supervisors
ASBA: Association of Supervisors of Banks of the GIFCS: Group of International Finance Centre
Americas Supervisors
ASSAL: Asociacin de Supervisores de Seguros de HKMA: Hong Kong Monetary Authority
Amrica Latina IADI: International Association of Deposit Insurers
BCBS: Basel Committee on Banking Supervision IAIS: International Association of Insurance
BSCEE : Group of Banking Supervisors from Central and Supervisors
Eastern Europe IOSCO: International Organization of Securities
BSWCA: Committee of Bank Supervisors of West & Commissions
Central Africa MEFMI: Macroeconomic and Financial Management
CEMLA: Center for Latin American Monetary Studies Institute of Eastern and Southern Africa
CGBS: Caribbean Group of Banking Supervisors SEACEN: South East Asian Central Banks
EBA: European Banking Authority (formerly CEBS) SEANZA: Central Banks of South East Asia, New Zealand
EMEAP: Executives Meeting of East Asia-Pacific Working and Australia Forum of Banking Supervisors
Group on Banking Supervision TC: Toronto Centre for Global Leadership in
ESE: European Supervisor Education Initiative Financial Supervision

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High-level meetings for banking supervisors

Jointly with the Basel Committee on Banking Supervision (BCBS) and the relevant regional
group

2627 January 2017, Cape Town, South Africa (for Africa)

2223 March 2017, Bali, Indonesia (for Asia)

1819 October 2017, Basel, Switzerland (for Europe)

79 November 2017, Asuncin, Paraguay (for Latin America and the Caribbean)

1314 December 2017, Abu Dhabi, United Arab Emirates (for the Middle East)

Objective
The BCBS and the FSI, in conjunction with relevant regional groups, will conduct high-level meetings for
heads of banking supervision and other senior officials on recent developments in global prudential
standards together with regional regulatory and supervisory priorities. The objectives of these meetings
are to discuss policy and implementation issues, exchange information and share experience.

Note
By invitation only

High-level meeting for insurance supervisors

Jointly with the Asociacin de Supervisores de Seguros de Amrica Latina (ASSAL) and the
International Association of Insurance Supervisors (IAIS)

18 April 2017, Santiago de Chile, Chile (for Latin America and the Caribbean)

Objective
The IAIS and the FSI, in conjunction with ASSAL, will conduct a high-level meeting for heads of insurance
supervision and other senior officials on recent developments in global prudential standards together with
regulatory and supervisory priorities in Latin America. The objectives of this meeting are to discuss policy
and implementation issues, exchange information and share experience.

Note
By invitation only

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Policy implementation meetings

Basel III and CRD/CRR new standardised approaches and non-performing loans

Jointly with the European Banking Authority (EBA)

56 April 2017, Basel, Switzerland

Objective
The BCBS is finalising revisions to the standardised approaches for credit, market and operational risk, and
has revised the standardised approach for counterparty credit risk. This meeting covers the key challenges
and issues of common concern related to the new standardised approaches, both from a BCBS and EBA
perspective. The discussions will also extend to the treatment of non-performing loans following the
recapitalisation of the EU banking sector and the repair of EU banks balance sheets. In addition, certain
aspects of banks use of internal models and recent revisions to the liquidity framework will be covered.

Main topics covered

New standardised approaches for credit, market, operational, and counterparty credit risk
Non-performing loans
Recent revisions to the liquidity framework

Implementation of Basel standards

Jointly with the Basel Committee on Banking Supervision (BCBS)

35 May 2017, Basel, Switzerland

Objective
Consistency in the adoption and implementation of Basel standards is critical to improving the resilience
of the global banking system and promoting public confidence in reported prudential ratios for
internationally active banks. This meeting covers the objectives, processes and outcomes of the Regulatory
Consistency Assessment Programme (RCAP), which has now reviewed the implementation of the Basel
risk-based capital standards in all BCBS member countries. The event will also explore the BCBSs thematic
assessments of banks implementation of the Basel requirements, which are designed to ensure that risk-
weighted assets (RWAs) are calculated consistently by banks across jurisdictions and to improve
comparability across outcomes. Finally, the meeting will look ahead to implementation progress and
challenges for some of the BCBSs more recent post-crisis reforms.

Main topics covered

RCAP objectives, processes and outcomes
Thematic studies on RCAP findings
Specific case studies from RCAP assessments
Implementation of recent BCBS standards and principles

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Meeting of directors of supervision from Asia-Pacific economies

Jointly with the South East Asian Central Banks (SEACEN) Centre

89 August 2017, Hong Kong SAR

Objective
As the post-crisis reforms near completion, standard-setting bodies and national authorities have shifted
emphasis from policy development to ensuring effective implementation of global standards. This meeting
covers the key challenges and issues of common concern related to the implementation of post-crisis
global regulatory reforms, along with the practical steps taken to date to strengthen the quality of
supervision and the remaining work that is needed. In addition, emerging risks to microprudential
supervision, such as the oversight of cybersecurity risk, will be discussed.

Main topics covered

Key challenges in implementing post-crisis global regulatory reforms
International and national approaches to strengthening the quality of supervision
Emerging risks to microprudential supervision
Supervisory approaches to assessing banks vulnerability and resilience to cybersecurity risk

Early supervisory intervention, resolution and deposit insurance

1213 September 2017, Basel, Switzerland

Jointly with the International Association of Deposit Insurers (IADI)

Objective
Following the financial crisis, supervisory authorities have placed greater emphasis on forward-looking
supervision and early intervention. Meanwhile, deposit insurers and resolution authorities have acquired
new powers and enhanced their frameworks to facilitate early intervention and problem bank resolution,
with the aim of minimising taxpayer bailouts and disruptions to the real economy. This meeting will explore
critical implementation challenges and coordination issues related to the concept of early intervention
from the vantage point of supervisory authorities, deposit insurers and resolution authorities. Emphasis
will also be placed on the role of recovery and resolution plans and the Total Loss-Absorbing Capacity
requirements in facilitating problem bank rehabilitation and orderly resolutions.
Main topics covered
Early supervisory intervention powers, techniques and approaches
Experience with recovery and resolution planning and resolvability assessments
Interaction among supervisors, deposit insurers and resolution authorities on problem bank
supervision, recovery planning and resolution
Implementation of Total Loss-Absorbing Capacity (TLAC) and bail-in requirements

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Liquidity risk and supervisory approaches for dealing with non-performing loans

Jointly with the Association of Supervisors of Banks of the Americas (ASBA)

1314 September 2017, Braslia, Brazil

Objective
In most economies around the world, bank lending remains the primary mechanism for channelling funds
to the real economy, via corporations, small and medium-sized enterprises, and households. Numerous
academic studies have shown that weak banks with a high level of non-performing loans (NPLs) dampen
credit growth and act as a drag on economic activity. Therefore, reducing NPLs is essential to fostering
financial stability and maintaining support to the real economy. The purpose of this meeting is to discuss
the range of approaches that banking supervisors have taken (or can take) to resolve NPLs in a timely
manner, supported by the FSIs related analysis. It will also cover the role of accounting standards in the
timely recognition of problem loans. In addition, the latest developments in the Liquidity Coverage Ratio
(LCR) and Net Stable Funding Ratio (NSFR) and their implementation will be covered.

Main topics covered

Lessons learned from resolving NPLs in various jurisdictions, including asset quality reviews
Prudential and supervisory measures to facilitate NPL resolution
The role of accounting standards in the timely recognition of problem loans
Latest developments in liquidity risk

Supervisory approaches for dealing with non-performing loans

Jointly with the Central Banks of South East Asia, New Zealand and Australia Forum of Banking
Supervisors (SEANZA) and the Hong Kong Monetary Authority (HKMA)

1718 October 2017, Hong Kong SAR

Objective
In most economies around the world, bank lending remains the primary mechanism for channelling funds
to the real economy, via corporations, small and medium-sized enterprises, and households. Numerous
academic studies have shown that weak banks with a high level of non-performing loans (NPLs) dampen
credit growth and act as a drag on economic activity. Therefore, reducing NPLs is essential to fostering
financial stability and maintaining support to the real economy. The purpose of this meeting is to discuss
the FSIs analysis of the range of approaches that banking supervisors have taken (or can take) to resolve
NPLs in a timely manner, supported by the FSIs related analysis. It will also discuss the role of accounting
standards in the timely recognition of problem loans.

Main topics covered

Lessons learned from resolving NPLs in various jurisdictions
The use of asset quality reviews in NPL identification and measurement
Prudential and supervisory measures to facilitate NPL resolution
The role of accounting standards in the timely recognition of problem loans

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Institutional arrangements for financial sector supervision

2526 October 2017, Basel, Switzerland

Objective
The recent financial crisis prompted major changes in the way jurisdictions structure their financial sector
supervision. The purpose of this meeting is to discuss the current state of these institutional arrangements
around the world, supported by the FSIs related analysis. The meeting will place special emphasis on
emerging sound practice with respect to key responsibilities, accountability, and cross-sectoral and cross-
border coordination and cooperation.

Main topics covered

Major post-crisis changes in institutional arrangements for financial sector supervision
Responsibilities of banking supervision authorities, including micro- and macroprudential
supervision, financial stability, consumer protection, and bank resolution
Cross-sectoral and cross-border supervisory arrangements
Banking authorities accountability and level of disclosure

Macroprudential supervision and supervisory approaches for dealing with non-

performing loans

Jointly with the Macroeconomic and Financial Management Institute of Eastern and Southern
Africa (MEFMI) and the Toronto Centre for Global Leadership in Financial Supervision (TC)

31 October2 November 2017, Maputo, Mozambique

Objective
In most economies around the world, bank lending remains the primary mechanism for channelling funds
to the real economy, via corporations, small and medium-sized enterprises, and households. Numerous
academic studies have shown that weak banks with a high level of non-performing loans (NPLs) dampen
credit growth and act as a drag on economic activity. Therefore, reducing NPLs is essential to fostering
financial stability and maintaining support to the real economy. The purpose of this meeting is to discuss
the FSIs analysis of the range of approaches that banking supervisors have taken (or can take) to resolve
NPLs in a timely manner, supported by the FSIs related analysis. It will also discuss the role of accounting
standards in the timely recognition of problem loans. In addition, the latest developments in
macroprudential supervision and the implementation of the countercyclical capital buffer will be covered.

Main topics covered

Prudential and supervisory measures to facilitate NPL resolution, including asset quality reviews
The role of accounting standards in the timely recognition of problem loans
Countercyclical toolkit and recent experiences
Governance arrangements for implementing macroprudential tools

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Supervisory approaches for dealing with cyber-risk

Jointly with the Group of International Finance Centre Supervisors (GIFCS)

7 November 2017, Hamilton, Bermuda

Objective
The safe and efficient provision of financial services relies on a resilient cyberspace. However, weaknesses
in security around financial firms technological infrastructure can expose them to cybercrime. The event
will take stock of the innovations in technology that are changing the global banking and financial
landscape, as well as the emerging threats in the cyberspace, and assess their implications for the stability
of the financial sector. The discussions will be supported by related analysis by the FIS and place particular
emphasis on emerging prudential practices through which supervisors can effectively mitigate the risks
associated with cybercrime, as well as the industry response to preserve core functions against
cybersecurity risks.

Main topics covered

Technological innovation in the financial sector
Main threats to cybersecurity and the protection of critical infrastructure and services
Operational and related risks associated with cyberattacks and technological disruptions
Bank supervisory tools and techniques to mitigate risks arising from financial technology

Cybersecurity

Jointly with the Center for Latin American Monetary Studies (CEMLA)

89 November 2017, Buenos Aires, Argentina

Objective
The safe and efficient provision of financial services relies on a resilient cyberspace. However, weaknesses
in security around financial firms technological infrastructure can expose them to cybercrime. The event
will take stock of the innovations in technology that are changing the global banking and financial
landscape, as well as the emerging threats in the cyberspace, and assess their implications for the stability
of the financial sector. The discussions will be supported by related analysis by the FIS and place particular
emphasis on emerging prudential practices through which supervisors can effectively mitigate the risks
associated with cybercrime, as well as the industry response to preserve core functions against
cybersecurity risks.

Main topics covered

Technological innovation in the financial sector
Main threats to cybersecurity and the protection of critical infrastructure and services
Operational and related risks associated with cyberattacks and technological disruptions
Bank supervisory tools and techniques to mitigate risks arising from financial technology

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Conferences

Seventh biennial risk management and supervision conference the impact of the low-
profitability environment on banking and insurance

3031 May 2017, Basel, Switzerland

Objective
Basel III and the new global insurance capital standards form a comprehensive set of reforms by the BCBS
and the IAIS. Their goal is to strengthen the regulation, supervision and risk management practices in the
banking and insurance sectors. The objective of this conference is to provide a forum for sharing the latest
developments, practices and experience in implementing these significant reforms. The conference will
place particular emphasis on the experience and views of Chief Risk Officers and senior supervisory experts
on how best to implement the new standards in a challenging macro-economic environment.

Main topics covered

Latest developments in regulation and supervision to strengthen financial stability
Current financial market developments
Risk management challenges and their impact on banking and insurance business models
Further implementation challenges

Trading book and market infrastructure conference

Jointly with the International Organization of Securities Commissions (IOSCO)

1517 November 2017, Basel, Switzerland

Objective
The event will focus on recent work undertaken by the Financial Stability Board, the BCBS, IOSCO and the
Committee on Payments and Market Infrastructures (CPMI) on the regulation and supervision of trading
books in banks and related market infrastructure for trading activities. The objective of this conference is
to provide a forum for sharing the latest developments, practices and experience in implementing these
reforms.

Main topics covered

Trading book regulation and supervision
Market infrastructure for trading activities
Trade reporting and clearing of derivatives
Elements of a culture of compliance
Governance and compensation arrangements
Cybersecurity risk

18
Eighth conference on bank resolution, crisis management and deposit insurance issues

Jointly with the International Association of Deposit Insurers (IADI)

57 December 2017, Basel, Switzerland

Objective
A number of jurisdictions around the world are in the process of implementing the post-crisis global
reforms on bank resolution and deposit insurance. The objective of this conference is to provide a forum
for sharing the latest developments, practices and experience in implementing these reforms. The
conference will place particular emphasis on the Financial Stability Boards work related to the Key
Attributes of Effective Resolution Regimes and on IADIs efforts related to implementation of the Core
Principles for Effective Deposit Insurance Systems.

Main topics covered

Early supervisory intervention powers, techniques and approaches
Experience with recovery and resolution planning and resolvability assessments
Implementation of Total Loss-Absorbing Capacity (TLAC) and bail-in requirements
Latest developments in the resolution of small and medium-sized institutions

19
Global seminars in Switzerland for banking supervisors

Management and supervision of liquidity risk

2426 January 2017, Basel, Switzerland

Objective
Basel III introduced a new global framework for liquidity regulation in addition to revamping the existing
rules for bank capital. The liquidity framework comprises the Liquidity Coverage Ratio (LCR), which requires
banks to hold sufficient high-quality liquid assets to survive a 30-day stress period, and the Net Stable
Funding Ratio (NSFR), a structural metric for liquidity. This seminar offers participants an opportunity to
share and deepen their knowledge on the application of the new framework. The seminar will cover
implementation aspects and how the new regulations may impact central banks current operational
frameworks and payment systems.

Main topics covered

Liquidity risk and asset-liability management
LCR and NSFR
Sound principles for liquidity risk management and supervision
Implementation challenges
Basel III simulation engine and case study

Financial stability and stress testing

1416 March 2017, Basel, Switzerland

Objective
The stability of financial systems is a determining factor in the sound functioning of the real economy.
Stress testing has become a widespread and important tool for assessing the stability of financial systems
and the safety and soundness of individual financial institutions. The seminar will highlight various
techniques related to assessing the vulnerabilities of financial systems. Stress-testing techniques will be
discussed on a micro and macro level. Participants will have an opportunity to share and deepen their
knowledge of the current challenges in safeguarding financial stability.

Main topics covered

Financial stability analysis and surveillance at central banks
Financial stability aspects of Basel III
Stress tests for identifying vulnerabilities in banks and financial systems
Case study

20
Thirty-fourth international banking supervision seminar

1115 September 2017, Beatenberg, Switzerland

Objective
The BCBS has undertaken several initiatives to address concerns arising from the recent financial crisis.
This seminar will broaden participants understanding of these initiatives and other core supervisory issues
and promote an exchange of views and ideas on the latest developments in banking supervision. The focus
will be not only on the conceptual aspects of the Basel standards but also on the practical issues relating
to their implementation. The programme is aimed at mid- to senior-level management and other
professional staff of supervisory agencies or central banks.

Main topics covered

Revised Core Principles for Effective Banking Supervision
Bank governance
Basel III and its implementation
Simplicity, comparability and risk sensitivity
Credit, market, liquidity and operational risk management
Case studies

Operationalising macroprudential tools in supervision

1921 September 2017, Basel, Switzerland

Objective
With the inclusion of macroprudential tools in regulatory frameworks, the focus has now shifted to the
use of these tools. This event will focus on practical implementation issues of interest to practitioners and
policymakers, such as the suitability of institutional arrangements, activation of the policy toolkit for
macroprudential measures, and cross-border interactions. Particular emphasis will be put on discussing
and drawing lessons from the actual experience of authorities around the world in implementing various
elements of the macroprudential toolbox.

Main topics covered

Designing macroprudential tools conceptual aspects
The buffers in Basel III
Countercyclical toolkit and recent experiences
Decision-making, coordination and communication of the buffers requirement
Jurisdictional reciprocity
Governance arrangements for implementing macroprudential tools

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Regional seminars for banking supervisors

Standardised approaches in Basel III

Jointly with the Association of Supervisors of Banks of the Americas (ASBA)

2830 March 2017, Bogot, Colombia

Main topics covered
Revised Standardised Approach for credit risk
Standardised Measurement Approach for operational risk
Revised Standardised Approach for market risk
Practical implementation issues

Liquidity risk and interest rate risk in the banking book (IRRBB)

Jointly with the Arab Monetary Fund (AMF)

1012 April 2017, Abu Dhabi, United Arab Emirates

Main topics covered

Liquidity risk and asset-liability management
Liquidity risk management and the Basel III liquidity standards
Implementation challenges
BCBS guidance on IRRBB
Supervisory approaches for assessing IRRBB
Case study

Regulation and supervision of credit risk and the new expected loss provisioning
framework

Jointly with the South East Asian Central Banks (SEACEN) Centre

2527 April 2017, Bangkok, Thailand

Main topics covered

Revised Standardised Approach for credit risk and large exposures standard
Key elements of expected loss provisioning under IFRS 9 and related BCBS guidance
Regulatory capital and supervisory implications of the shift to expected loss provisioning
Auditing loan loss provisions
Managing credit risk at a bank
Stress testing credit risk

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Systemically important banks (SIBs) financial stability, regulation and supervision

Jointly with the Center for Latin American Monetary Studies (CEMLA)

2527 April 2017, Mexico City, Mexico

Main topics covered

International guidance for supervising domestic SIBs (D-SIBs)
Enhanced supervision for SIBs: supervisory intensity and effectiveness
Corporate governance and culture at SIBs and at supervisory authorities
Total Loss-Absorbing Capacity requirements for global SIBs
Resolution frameworks for SIBs
Case study

Standardised approaches in Basel III

Jointly with the Gulf Cooperation Council Committee of Banking Supervisors (GCC)

24 May 2017, Abu Dhabi, United Arab Emirates

Main topics covered

Revised Standardised Approach for credit risk
Standardised Measurement Approach for operational risk
Revised Standardised Approach for market risk
Practical implementation issues

Regulation and supervision of liquidity risk and interest rate risk in the banking book
(IRRBB)

Jointly with the Executives Meeting of East Asia-Pacific Central Banks (EMEAP) Working Group
on Banking Supervision

1618 May 2017, Manila, Philippines

Main topics covered

Principles for sound liquidity risk management and supervision
Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR)
BCBS guidance on IRRBB
Managing liquidity risk and IRRBB from a banks perspective
Supervisory approaches used to assess liquidity risk and IRRBB
Case study

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Standardised approaches in Basel III

Jointly with the Committee of Bank Supervisors of West & Central Africa (BSWCA)

68 June 2017, tbd

Main topics covered
Revised Standardised Approach for credit risk
Standardised Measurement Approach for operational risk
Revised Standardised Approach for market risk
Practical implementation issues

Standardised approaches in Basel III

Jointly with the Association of Supervisors of Banks of the Americas (ASBA) and the Caribbean
Group of Banking Supervisors (CGBS)

35 October 2017, Panama City, Panama

Main topics covered

Revised Standardised Approach for credit risk
Standardised Measurement Approach for operational risk
Revised Standardised Approach for market risk
Practical implementation issues

Risk-based supervision and Basel III

Jointly with the Arab Monetary Fund (AMF)

1012 October 2017, Abu Dhabi, United Arab Emirates

Main topics covered

Key challenges in implementing risk-based supervision
Aspects of forward-looking supervision
Assessing material risks, corporate governance and the overall risk profile of banks
Latest BCBS guidance on supervisory approaches for assessing risk
Case study

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Problem bank supervision, early intervention and resolution

Jointly with the Executives Meeting of East Asia-Pacific Central Banks (EMEAP) Working Group
on Banking Supervision

1416 November 2017, Auckland, New Zealand

Main topics covered

BCBS guidance on dealing with weak banks
Early warning indicators, identification of root causes and supervisory actions
Assessing corporate governance and risk culture
Experience in implementing recovery and resolution plans
Total Loss-Absorbing Capacity (TLAC)
Case study

Implementation of Basel III

Jointly with the European Supervisor Education (ESE) Initiative and the Group of Banking
Supervisors from Central and Eastern Europe (BSCEE)

57 December 2017, Berlin, Germany

Main topics covered

Liquidity risk management and the Basel III liquidity standards
Revised Standardised Approach and Internal Ratings Based approach for credit risk
Standardised Measurement Approach for operational risk
Practical implementation issues
Case study

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Global seminars in Switzerland for insurance supervisors

Global Insurance Capital Standard (ICS) Version 1.0

Jointly with the International Association of Insurance Supervisors (IAIS)

23 October 2017, Basel, Switzerland

Objective
Large, internationally active insurance groups (IAIGs) operate in almost every corner of the globe. For the
first time ever, with ICS Version 1.0, insurance regulators from around the world will have a common
language in supervising these groups. ICS Version 1.0 is a landmark interim global capital standard from
the IAIS that IAIGs will use to report to their supervisors on a confidential basis. It will be based on several
valuation approaches and a standard method for calculating the ICS capital requirement.

Main topics covered

Overview of ComFrame (Common Framework for the Supervision of IAIGs) and the general
architecture of the ICS
Valuation bases for current estimate of insurance liabilities
Capital resources specifications
Design and calibration of the different components of capital requirement (market risk, credit
risk, insurance risk, operational risk)

Supervision and crisis management of internationally active insurance groups (IAIGs)

and G-SIIs

Jointly with the International Association of Insurance Supervisors (IAIS)

79 November 2017, Basel, Switzerland

Objective
Large and complex insurance groups with activities in many countries give rise to specific challenges for
supervisors. The focus of this seminar is on the latest standard-setting activities of the IAIS related to
insurance groups and systemic risk. It covers the core supervisory tools needed for undertaking group-
wide supervision and highlights some of the differences in supervising the biggest insurers, some of which
would have a systemic impact if they were to fail. The latest developments in cross-border crisis
management, recovery and resolution will also form part of the seminar.

Main topics covered

Three layers of group-wide supervision: insurance groups, IAIGs and G-SIIs
Supervisory issues related to insurance groups and financial conglomerates
Criteria for identifying G-SIIs and and the supervisory consequences for insurers belonging to
such groups
Crisis management and recovery and resolution of cross-border operations

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Regional seminars for insurance supervisors

Detecting and managing risks of insurance entities and groups

Jointly with the Arab Monetary Fund (AMF) and the International Association of Insurance
Supervisors (IAIS)

46 April 2017, Abu Dhabi, United Arab Emirates

Main topics covered

Assessing capital adequacy of legal entities and groups
Enterprise Risk Management (ERM) and Own Risk and Solvency Assessment (ORSA)
Early detection and correction of problems
Supervisory cooperation and crisis management

Regulating, implementing and supervising corporate governance

Jointly with the ASEAN Insurance Training and Research Institute (AITRI) and the International
Association of Insurance Supervisors (IAIS)

1113 July 2017, tbd

Main topics covered

Roles and responsibilities of the board and senior management
Internal control functions and internal audit
Sound risk management and risk culture
Assessing soundness and relevance of practices, and early detection and correction of problems

Corporate governance and Enterprise Risk Management (ERM)

Jointly with the Asociacin de Supervisores de Seguros de Amrica Latina (ASSAL) and the
International Association of Insurance Supervisors (IAIS)

57 September 2017, Mexico City, Mexico

Main topics covered

Roles and responsibilities of the board and senior management
Sound risk management and risk culture
Supervisory reporting, transparency and market discipline
ERM and the role of Own Risk and Solvency Assessment (ORSA)
Supervisory assessment of corporate governance and ERM

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Protecting policyholders and financial stability with risk-based supervision and
proportionality

Jointly with the International Association of Insurance Supervisors (IAIS)

35 October 2017, Dilijan, Armenia

Main topics covered

Risk-based solvency and supervision
Macroprudential tools and financial stability
Risk management and internal control
Sound risk culture and market practices
Infrastructure, financial awareness and proportionality

Risk management and risk-based supervision

Jointly with the International Association of Insurance Supervisors (IAIS)

1719 October 2017, Windhoek, Namibia

Main topics covered

Risk-based supervisory practices
Managing and mitigating risks
Setting and implementing investment strategies, including limits and controls
Early detection and correction of problems

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Webinars for insurance supervisors

Fourth FSI-IAIS regulatory and supervisory online (FIRST ONE) programme

Jointly with the International Association of Insurance Supervisors (IAIS)

10 August to 14 December 2017 (seven webinars), virtual seminar

Objective
The FIRST ONE programme is aimed at entry-level and experienced professionals who are new to insurance
supervision. The programme covers seven fundamental insurance topics and will be delivered entirely via
the internet. For each topic, participants will be assigned several self-study FSI Connect tutorials to
complete before attending a live webinar. At the end of the programme, participants will gain a basic
understanding of insurance supervision.

Topics
Webinar 1: Fundamental insurance concepts
Webinar 2: Roles and powers of insurance supervisors
Webinar 3: Risk management
Webinar 4: Capital adequacy
Webinar 5: Corporate governance
Webinar 6: Conduct of business
Webinar 7: Supervisory tools and techniques

Note
Each participant must have an FSI Connect licence to join the programme. Licences can be obtained
through the IAIS or the FSI.

Global Insurance Capital Standard (ICS) Version 1.0

14 September 2017, virtual seminar

Objective
This webinar will feature an interview with key policymakers from the IAIS who were responsible for the
development of ICS Version 1.0. ICS Version 1.0 is an interim standard for confidential reporting purposes
by internationally active insurance groups (IAIGs) to their supervisors. ICS Version 1.0 will be based on
several valuation approaches and a standard method for calculating the ICS capital requirement.

Main topics covered

Objectives of ICS Version 1.0
Key components of ICS Version 1.0
Further work towards ICS Version 2.0

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Meet the FSI team

Fernando Restoy, Chairman

Mr Restoy was appointed Chairman of the FSI in 2017. From 2012 to 2016 he was
the Deputy Governor of the Bank of Spain. Prior to this, he held other senior
positions at the Bank of Spain, which he joined in 1991. Mr Restoy was
Commissioner of the Spanish Securities and Markets Commission (CNMV) in 2007
08 and the CNMVs Vice-Chair from 2008 to 2012. He has been a Member of the
Supervisory Board of the ECBs Single Supervisory Mechanism for the past two
years. He holds an MSc in Econometrics and Mathematical Economics from the
London School of Economics, and an MA and PhD in Economics from Harvard
University.

Juan Carlos Crisanto, Deputy to the FSI Chairman

Juan Carlos joined the FSI in 2001 and was appointed Deputy to the FSI Chairman
in November 2014. In this capacity, Juan Carlos supports the work of the FSI
Chairman in all areas of departmental activity and assists him in ensuring the quality
of the overall work of the FSI. He is also responsible for overseeing FSI Connect, the
BISs e-learning tool for financial-sector supervisors. During 201213, Juan Carlos
was seconded to the Basel Committee Secretariat. He has served as Head of
Regulation at the Peruvian Financial Authority. He holds a masters degree from the
London School of Economics.

Patrizia Baudino, Senior Financial Sector Specialist

Patrizia joined the FSI in 2016. She is the Content Manager of FSI Connect and runs
seminars on banking. She also represents the FSI in the BCBSs Macroprudential
Group and Trading Book Group. Prior to that, Patrizia was an Advisor at the
European Central Bank, where she contributed to the development of the ECBs
macroprudential policies. Over her 15-year employment at the ECB, she covered
several roles in the financial stability and international areas. Patrizia was a member
of the Secretariat of the Financial Stability Board in 200710, where she worked on
the global response to the financial crisis that began in 2007. Patrizia holds a PhD
in economics from Princeton University.

Stefan Hohl, Senior Financial Sector Specialist

Stefan joined the FSI in 2005. He manages the FSI outreach programme for banking
supervision. He represents the FSI in the Policy Development Group and the Trading
Book Group of the Basel Committee. Stefan was previously a Senior Economist
(Supervision) in the BIS Asian Office. Prior to joining the BIS, Stefan held the
positions of Head of Market Risk Models Examination and Validation, Head of Risk
Research and Senior Field Examiner in the Banking Supervision Department at the
Deutsche Bundesbank. He has also been a portfolio manager for an investment firm
and the founding member of a start-up company. Stefan has a postgraduate degree
in mathematics from the University of Tbingen.

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Gunilla Lfvendahl, Senior Financial Sector Specialist
Gunilla has been with the FSI since 2002. She delivers FSI seminars for insurance
supervisors around the world and shares responsibility for authoring FSI Connect
insurance tutorials. Gunilla represents the FSI in the IAIS Resolution Working Group.
She was previously Legal Counsel responsible for international work at the Swedish
Financial Supervisory Authority and was in this capacity active in the development
of international standards within the European Union and the IAIS. During this time,
she also acted as an expert to the Swedish Ministry of Finance in their national
implementation. Prior to joining the FSI, Gunilla was a financial services director at
Ernst & Young. Gunilla holds a masters degree in law from Stockholm University.

Jeff Miller, Senior Financial Sector Specialist

Jeff has been with the FSI since 2007. In addition to managing the groups
relationship with subscribers to FSI Connect and developing content for the e-
learning platform, he represents the FSI on the Basel Committees liquidity working
group. Previously, he spent four years in the BIS Asian Office delivering the FSIs
seminar programme in the Asia-Pacific region. Jeff joined the FSI from the Basel
Committee Secretariat, where he arrived after more than a decade of supervisory
and regulatory experience with OSFI Canada. He holds an MBA from the Ivey School
at the University of Western Ontario, London.

Jermy Prenio, Senior Financial Sector Specialist

Jermy joined the FSI in 2016. He is involved in both the management of FSI outreach
programme for banking supervision and the development of FSI Connect materials.
He represents the FSI on the Basel Committees Risk Measurement Group, Working
Group on Operational Risk, and Task Force on Financial Technology. Previously, he
was Deputy Director for Regulatory Affairs at the Institute of International Finance
in Washington, DC, where his main role was to lead the formulation of global
banking industry views on international regulatory issues. He had also worked as a
regulator in the Philippines. He has a masters degree from the University of the
Philippines School of Economics.

Roland Raskopf, Senior Financial Sector Specialist

Roland has been with the FSI since its inception in 1999. He manages the FSI
outreach programme for banking supervision. He represents the FSI in the
Supervision and Implementation Group of the Basel Committee. Before joining the
FSI, Roland was Director and Head of Market Risk Models Examination and
Validation as well as a Senior Field Examiner in the Banking Supervision Department
and Economist at the Deutsche Bundesbank. He was also Treasury Officer, Risk
Management, at the European Bank for Reconstruction and Development, London.
Roland holds a postgraduate degree in business administration from the University
of Trier.

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Greg Sutton, Senior Economist
Greg joined the FSI as a Senior Economist in 2004. He contributes to the work of
the FSI by conducting research in a number of areas, including stress testing and
the determinants of credit ratings and house prices. He earned a PhD in economics
in 1995 from Yale University, where he specialised in the areas of finance,
macroeconomics and econometrics. After completing his PhD, Greg worked in the
Monetary and Economic Department of the BIS for a number of years. He holds an
MA equivalent in statistics from Yale University and a BA in economics from the
University of California, Berkeley.

Jean-Philippe Svoronos, Senior Financial Sector Specialist

Jean-Philippe joined the FSI in 2003. He is an FSI Connect author primarily writing
tutorials on banking regulation and supervision, and facilitates a number of FSI
seminars. He has worked in the BISs risk management department, where he
helped strengthen ERM management and more generally monitored regulatory
and risk management developments. Jean-Philippe was formerly with the Basel
Committee Secretariat and was involved in revisions to the Basel Capital Accord.
Prior to that, he worked with the ACPR, where he was Head of the Foreign Banks
Supervisory Group. He has also worked as a financial analyst/project manager at
Socit Gnrale. Jean-Philippe holds a degree from IEP Paris and degrees in history
and law.

Jeffery Yong, Senior Financial Sector Specialist

Jeff joined the FSI in 2011 and is the FSI Connect Project Manager. He is primarily
responsible for the FSI Connect insurance tutorials and shares responsibility for
delivering the FSIs seminar programme. He represents the FSI in the IAIS Capital,
Solvency and Field Testing Working Group. Prior to joining the FSI, he was a
member of the IAIS Secretariat supporting international standard-setting initiatives
relating to financial stability and insurance groups. At the Central Bank of Malaysia,
he contributed to the development of risk-based capital regulation for insurers. He
is a Fellow of the Institute of Actuaries, United Kingdom, and holds an honours
degree in actuarial science from City University, London.

Raihan Zamil, Senior Financial Sector Specialist (Asian Office)

Raihan joined the FSI in 2011 and oversees the FSIs dissemination activities and
outreach programme on banking supervision in Asia. He represents the FSI on the
Basel Committees Accounting Experts Group and the Basel Consultative Group.
Previously, he was the International Monetary Funds Banking Policy and
Supervision Advisor to Bank Indonesia and the Bank of Thailand, respectively, where
he advised on a range of legislative, regulatory, supervisory and capacity-building
initiatives. Prior to his international work, Raihan held various positions in banking
supervision at the US Federal Deposit Insurance Corporation (FDIC) and was
educated at the Haas School of Business, University of California, Berkeley.

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FSI support staff

Monique Jansen, Julie Milne,

FSI Administration FSI Connect Support
Monique provides secretarial Julie administers FSI Connect
support to the Chairman of subscriptions and provides
the FSI. She also administers support to subscribing
the FSI fellowship programme institutions.
and supports FSI Connect.

FSI Seminar Support

Bettina, Christina and Esther support the
FSI seminar programme. The seminar
support team are the first point of
contact for registration and related
queries. In addition, Christina provides
FSI Connect administration and support.

Esther Knzi Bettina Mller Christina Paavola

Contact details

Financial Stability Institute

Bank for International Settlements
Centralbahnplatz 2
4002 Basel
Switzerland

Tel: +41 61 280 9989

Fax: +41 61 280 9100
E-mail: fsi@bis.org (general queries)
fsiconnect@bis.org (FSI Connect)

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