Executive program - The Board of Directors in the Financial Sector

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 regulatory outlook

Day 1:

Lecturer: Freddy van den Spiegel

Guest speakers: Nicolas Strypstein & Tom Boedts

The financial system and financial intermediation in our society :

• Architecture and governance of the financial system
• Focus on the role and evolution of banks 
• Focus on the role and evolution of insurance companies 
• Focus on the role and evolution of other financial intermediaries 
• Regulation 
• Elements of financial risk and risk management 
• Strategic challenges for financial intermediaries : the new risks/opportunities

Keynote : The role of the regulator in the Belgian & European context.  
Keynote : The future of banking : Banking as a Service. 

Module 2: Governance of the Financial Institution

Day 2:

Lecturers: Abigail Levrau & Caroline Veris

Guest speaker: Bart De Smet
 
Interactive workshop on governance:
A summary of the reference framework for governance in the financial sector 

• Applicable regulations and guidelines of the supervisors
• Important trends and impact on the board
• An optimal composition of the Board of Directors
• Basic principles and best practices
• Specific requirements for the financial sector

Keynote: Corporate Governance for Insurance Companies - case study Ageas

Day 3:

Lecturers: Abigail Levrau & Caroline Veris

Guest speakers: Michaël Anseeuw & Stephan Dierckx
 
The role of the board of directors : finding the right balance 
 
Interactive session based on dilemma’s in relation to 

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

Keynote: The Fox and the Hedgehog 
Keynote: How should the board tackle digitalisation?

Module 3: Operation of a financial institution

Day 4:

Lecturer: Alexandre Deveen

Guest speaker: Georges Hübner

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

The role of the audit and risk committee

Module 4:  Risk Management of a financial institution

Day 5:

Lecturer: Hans Buysse

Guest Speakers: Eric Pulinx and Els De Keyser

Interactive workshop on Risk management

• Introduction: financial markets
• Risk management: definitions and concepts
• Identification of the different risks
• Risk Management in a trading environment
• The ALM concept
• Important risk-related concepts 
• Period of reflection for board members, probability and impact of risks
• Recovery planning

Keynote: The role of the regulator in the Belgian & European context.

Day 6: 

Lecturers: Abigail Levrau & Saartje Verbeke

Guest speakers: Tamar Joulia-Paris, Frédéric Vangheluwe & Emmanuel Leroux

Evolution in Risk management: The impact of sustainability and diversity combined with a case study.

Roles and responsibilities of directors in the financial sector: the legal perspective.

Interactive workshop: the evaluation of the Board of Directors

• 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: 14/09/2022 - 28/09/2022 - 26/10/2022 - 09/11/2022  - 30/11/2022 - 07/12/2022 

Hours: 12h30 - 19h15 followed by a dinner

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

Methodologie

You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

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.