Executive program - The Board of Directors in the Financial Sector

Groupe cible

The programme can be followed by the following target groups:

• Candidate directors;
• Experienced directors from other sectors;
• Existing directors (CEOs, COOs, CFOs and other senior executives).

Connaissances préalables

Expert: specifically explains a given subject in detail. In order to take a training course at this level you must have sufficient prior knowledge (expertise).

Programme

Content

Module 1: The financial landscape and regulatory outlook

Day 1:

Speaker: Freddy van den Spiegel

Guest speaker: Koen Vanderhoydonk

The role of banks in our society: today and in the future

• The importance of financial intermediation
• Lending by banks
• The impact of the crisis and the new regulations imposed on Belgian banks

The key elements of banking management

• The elements of risk and risk management
• Profitability: a challenge in the current climate

The strategic challenges for Belgian banks

The impact of Regtech and Fintech

Module 2: Governance of the Financial Institution

Day 2:

Speakers: Abigail Levrau & Caroline Veris

Guest speaker:  Catherine Terrier (NBB)

Interactive workshop on governance

• What is governance?
• What is the importance of governance?

A summary of the reference framework for governance in the financial sector

• Applicable regulations and guidelines of the supervisors
• Important trends - challenges

An optimal composition of the Board of Directors

• Case study-based workshop
• Basic principles and best practices
• Specific requirements for the financial sector: Fit & Proper, expertise, integrity, rules on limiting the accumulation of mandates, etc.

Specific focus on independence (what, why, how)

Day 3:

Speakers: Abigail Levrau & Caroline Veris

Case study: the Board of Directors must take some “specific decisions” in relation to:

• Committees
• Independent audit functions
• Executive management
• Supervisors
• Shareholders (incl. relevant points for attention within group structure)
• Handling conflicts of interest

Module 3: Operation of a financial institution

Day 4:

Speaker: Alexandre Deveen

Introduction

• Financial institutions within the Eurozone (MFIs, IFs, FVCs, PSRIs, ICs)

The foundations of banking and insurance

• Expected return and risks
• Supervision

The Banking Model

• Balance sheet
• Income statement
• Regulations and challenges
• Products and services
• Points for attention

The insurance model

• Balance sheet
• Regulations and challenges
• Life insurance
• Non-life insurance
• Pension plans

Banks versus insurance institutions

• Interest Rate Risk
• Product Risk
• Balance sheet Risk
• Balance sheet immunization

Conclusion: the future of financial services

Module 4:  Risk Management of a financial institution

Day 5:

Speaker: Hans Buysse

Guest Speaker: Eric Pulinx and representative FSMA

Introduction

• Risk and financial markets
• Evolution in risk management

Risk management: definitions and concepts

• Identification of the various risks:
  • Solvency risk, Liquidity risk, Credit risk, FX risk, Interest rate risk, Reputational risk, Operational risk, Legal risk
  • Practical examples

Risk Management in a trading environment

• Management of a trading room
• ACI Model code: conduct and ethics

The ALM concept

• The optimal ALM structure

FX Risk in detail

Interest rate risk in detail

Liquidity risk

• Difference in calculation vs. interest
• Reasons for the banking collapse

Important risk-related concepts

• Compliance
• AML (Anti-Money Laundering) & CFT (Countering the Financing of Terrorism)
• Technological progress and risks
• Operational risks (including GDPR, Cyber)
• Conduct Risk
• Reputational Risk

Application of the Risk Appetite Framework (RAF);

Reflection for board members

• Probability and impact of risks

Recovery planning

Day 6: 

Speakers: Abigail Levrau & Frédéric Vangheluwe

Guest speaker: Jeroen Delvoie

Evolution in Risk management

• The impact of sustainability and diversity
• Digitization
• Outsourcing

The liability of directors in the financial sector

Interactive workshop: the evaluation of the Board of Directors - collectively and individually

• Which process?
• What is the content?
• Framework based on basic principles and best practices as well as relevant legal provisions

Practical Information

In order to receive a certificate of attendance, we demand a presence at minimum 80% of the training (this means 29 hours). 

Duration: 6 day course

Dates: 15/09/2021 - 06/10/2021 - 20/10/2021 - 03/11/2021 - 24/11/2021- 08/12/2021

Hours: 12h30 - 19h15 followed by a dinner

Location: Febelfin Academy, Phoenix Building - Koning Albert II-laan/Boulevard du Roi Albert II 19 1210 Brussels

Méthodologie

Classroom

During our theoretical training courses we offer a combination of theory and practical exercises. The cases, examples and exercises are taken from everyday situations or are contributed by you and then solved under the guidance of the trainer.