Executive program - The Board of Directors in the Financial Sector
The 6-day “The Board of Directors in the Financial Sector” program is an executive program on corporate governance, organised in collaboration with GUBERNA. The objective is to train incisive directors to work in the financial business sector.
The objective of this training course is to:
- provide insight into the operation and responsibilities of a Board of Directors and directors;
- provide levers that allow the role of director to be optimally fulfilled;
- provide a comprehensive understanding of the organisation, operation and challenges of a financial institution.
Totale prijs *
Leden: € 5.100
Niet-leden: € 5.400
Partner BZB: € 5.100
* Prijs: prestatie in het kader van permanente beroepsopleiding, vrijgesteld van BTW
Geef ons uw interesse door indien er geen datum beschikbaar is, de geplande datum voor u niet past en/of deze sessie volzet is. Van zodra een vijftal personen ingeschreven zijn op de interesselijst stellen wij u een nieuwe datum voor. Uw inschrijving op de interesselijst is kosteloos en zonder enige verplichting.
Doelgroep
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).
Vereiste voorkennis
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).
Programma
Content
Module 1: The financial landscape and supervisor duties
Trainers:
Freddy Van den Spiegel - Els De Keyser - Michel Colinet
Day 1:
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 building blocks of the financial regulation/financial supervision: Twin Peaks
- The FSMA’s powers
- The NBB’s powers
- The prudential/semi-prudential regulatory framework
- Organisation and approach of the supervisory function
Module 2: Governance of the Financial Institution
Trainers:
Abigail Levrau - Caroline Veris
Day 2:
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:
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
Day 4:
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.
Module 3: Operation of a financial institution and related risk management
Trainers: Alexandre Deveen - Hans Buysse
Day 5:
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
Day 6:
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
Practical Information
Duration: 6 day course
Dates: 20/02/2019, 13/03/2019, 03/04/2019, 24/04/2019, 15/05/2019, 05/06/2019
Hours: 12h30 - 19h followed by a dinner
Location: Febelfin Academy, Aarlenstraat/Rue d'Arlon 80, 1040 Brussels
Methodologie
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.
Docenten
Caroline Veris
Compliance & audit
Alexandre Deveen
Compliance & audit
Private banking & asset management
Risk, finance & treasury
Taxation & regulations
Retail banking
Freddy Van den Spiegel
Private banking & asset management
Retail banking
Risk, finance & treasury
Hans Buysse
Retail banking
Risk, finance & treasury
Compliance & audit
Els De Keyser
Retail banking
Abigail Levrau
Compliance & audit