Financial Crisis Management
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- Financial Crisis Management
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Bibliographic details
- Session: JV 24.27
- Location: Vienna, Austria
- Dates: September 16-26, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Key course details
- Session No.: JV 24.27
- Location: Vienna, Austria
- Date: September 16-26, 2024 (2 weeks) New dates
- Delivery Method: In-person Training
- Primary Language: English
- Deadline passed
Qualifications and target audience
- Participants are expected to have experience in bank supervision, bank resolution (policy issues or operational experience) and/or depositor protection.
- Target Audience:
- Mid-level to senior officials in central banks, regulatory agencies, supervisory authorities, ministries of finance, deposit insurance funds, and other agencies with responsibility for bank supervision, bank resolution, and the operation of financial safety nets.
- Participants are expected to play a key role in financial crisis preparedness and management in their respective institutions.
Course description — topics covered
- Provides a comprehensive overview of conceptual and operational issues related to the restructuring and resolution of weak banks.
- Identification and supervision of weak banks:
- Common causes of banking problems and how to identify them.
- Early intervention tools and supervisory approaches for dealing with weak banks.
- Operational preparedness:
- Institutional foundations of the financial safety net and inter-agency coordination.
- Building blocks of effective resolution regimes (guided by the Financial Stability Board’s Key Attributes of Effective Resolution Regimes).
- Recovery and resolution planning; initiatives to test operational preparedness.
- Role of deposit insurance and depositor preference.
- Crisis containment:
- Liquidity support, government guarantees, and exceptional administrative measures to stop persistent liquidity outflows.
- Bank restructuring and resolution:
- Initiation of resolution proceedings.
- Resolution options for systemically important and non-systemic banks.
- Cross-border resolution.
- System-wide diagnostics and restructuring strategies.
- Policy considerations and instruments for public capital support.
- Dealing with distressed assets:
- Market failures and policy reforms.
- Approaches for resolving nonperforming loans—supervisory policies, insolvency and debt enforcement, distressed asset markets and the role of asset management companies.
- Pedagogy and applied focus:
- Draws on lessons learned from past crisis management strategies in crisis countries.
- Numerous mini case studies, workshops and a crisis simulation group assignment are integrated into the course.
- Conference participation:
- Includes in-person attendance of a one-day SUERF-OeNB-JVI-Yale Program on Financial Stability Conference on “Building Resilience and Managing Financial Crises” in Vienna on Wednesday, 18 September.
Course objectives — learning outcomes
- Explain the building blocks of crisis preparedness and management.
- Identify weak banks and devise strategies for dealing with them.
- Pinpoint key design features of effective resolution regimes and options for enhancing operational preparedness.
- Identify stabilization options in response to financial panic and design credible strategies for bank restructuring and resolution at an individual and system-wide level.
- Compare options for dealing with distressed assets.
References