ELIMINATING TOO-BIG-TO-FAIL: TACKLING THE LATEST SUPERVISORY CHALLENGES

Transcription

1 Toronto Centre International Program for Banking Supervisors ELIMINATING TOO-BIG-TO-FAIL: TACKLING THE LATEST SUPERVISORY CHALLENGES JUNE 12-17, 2016 Location: Toronto, Canada Program Agenda Register Online at

2 ELIMINATING TOO-BIG-TO-FAIL: TACKLING THE LATEST SUPERVISORY CHALLENGES JUNE 12-17, 2016 Location: Toronto, Canada Sunday, June 12 08:00 Networking Tour to Niagara Falls 18:00 Program Overview, Icebreaker and Welcome Dinner Monday, June 13 08:15 Welcome and Opening Remarks Mr. Babak Abbaszadeh, President and CEO, Toronto Centre Group Photograph 08:45 SESSION 1: Why does Too-Big-To-Fail (TBTF) Matter?, Chair, Toronto Centre Banking Advisory Board 10:15 Coffee Break What is the problem with TBTF? Policy responses - capital, leverage, liquidity, structure, recovery and resolution planning 10:30 SESSION 2: Overview of Supervisory Challenges for Systemically Important Banks (SIBs) Corporate and risk governance Culture Business model analysis Stress testing Recovery and resolution planning Domestic and international cooperation with other agencies Supervisory perspectives on macroprudential policy measures

3 11:30 SESSION 3: Group Activity David Scott, Advisor, Toronto Centre Designed to capture what participants assess as the main priorities and supervisory challenges faced in their agencies and their jobs in dealing with the TBTF issue. 13:00 Lunch 14:00 SESSION 4: Stakeholder Communication Gerry Lewis, Facilitator, Toronto Centre An approach to persuading stakeholders to support your Action Plan options: Analyze stakeholders who are they, what are they likely to like and dislike about your proposal, and what is needed to get their support and/or overcome their resistance Four-box model for effective persuasion and communication How to build a burning platform for change 15:00 Coffee Break 15:15 SESSION 5: Action Planning Geraldine Joseph, Program Director, Toronto Centre A framework for tackling challenges faced at work: Analyze the situation and develop a clear and concise statement of the problem Identify preferred outcomes, develop a goal statement, and consider alternative ways to reach the goal Develop an action plan, and consider contingencies and how to deal with them Consider how to communicate with key stakeholders Prepare an action plan Participants will start applying the action planning methodology with the assistance of the Program Leaders. Focus will be on understanding the situation and developing a precise definition of the challenge identified.

4 Tuesday, June 14 08:30 SESSION 6: Recovery and Resolution Regimes: Overview of the FSB s Key Attributes David Scott Scope all SIBs at a minimum Resolution powers Safeguards Recovery planning Resolution planning and resolvability assessments Resolution funding Cross-border cooperation and coordination 9:45 SESSION 7: Effective Recovery Planning Olga Krokhina, Manager, Recovery and Resolution Planning, Office of the Superintendent of Financial Institutions (OSFI), Canada Defining recovery planning requirements What good recovery plans look like; essential elements Experiences with Canadian banks and with supervisory colleges what has gone well, and what has gone less well? Nexus between recovery and resolution planning 10:30 Coffee Break 10:45 SESSION 7 (Cont d): Effective Recovery Planning 11:30 SESSION 8: Recovery Planning: Group Activity David Scott 13:15 Lunch 14:15 SESSION 9: Supervising Governance and Culture Governance and culture failures Post-financial crisis shifts of emphasis Key areas of focus on governance and culture What can supervisors do?

5 15:30 Coffee Break 15:45 SESSION 9 (Cont d): Supervising Governance and Culture Participants will continue to work on their Action Plans with the assistance of the Program Leaders. Focus will be on setting goals and outlining their plans. Wednesday, June 15 08:30 SESSION 10: Supervising Governance and Culture: Group Activity 10:15 Coffee Break 10:30 SESSION 11: OSFI s Experience in Dealing with Supervisory Challenges Gordon Piercey, Managing Director and Lead Supervisor, Deposit-Taking Group Conglomerates, OSFI OSFI s experience in supervising D-SIBs What has gone well, and what has gone less well? Steps taken to overcome challenges faced What are the remaining challenges? Lessons for emerging economies 12:00 SESSION 12: Higher Capital Requirements for SIBs Capital add-ons for G-SIBs and D-SIBs International experience Supervisory challenge of setting other capital buffers 13:00 Lunch

6 14:00 SESSION 13: Role of Deposit Insurers Joshua Lattimore, Manager, Executive Office and International Affairs, Canada Deposit Insurance Corporation IADI core principles and assessment methodology Deposit insurers as resolution authority Challenges posed by separating the supervisor and the resolution authority What is required for effective cooperation between supervisors and the resolution authority? Role in funding bank resolution 15:15 Coffee Break 15:30 SESSION 14: Role of Emergency Lending Assistance (ELA) David Scott Role of ELA policies in the context of recovery and resolution Participants continue to work on their Action Plans. Focus will be on completing the details of the plan to address the challenge identified, analyzing stakeholders and defining the communication strategy to gain support. Thursday, June 16 08:30 SESSION 15: Resolution Toolkit and Effective Formulation of Resolution Strategies and Plans Resolution tools o Sale of business o Bridge institutions o Asset separation o Bail-in Triggers for resolution Choice of resolution tools Total loss absorbing capacity (TLAC) o Constraints inherent in jurisdictions where there is a limited debt funding market for banks 10:30 Coffee Break

7 10:45 SESSION 16: Resolution Strategies and Plans: Group Activity Designed to highlight the critical importance of effective resolution planning at crossborder level. 12:30 TC Community Lunch and Learn 13:45 SESSION 16 (Cont d): Resolution Strategies and Plans: Group Activity 15:00 Coffee Break 15:15 SESSION 16 (Cont d): Resolution Strategies and Plans: Group Activity Participants will finalize their Action Plans for presentation on Friday. Friday, June 17 08:30 Panel discussion: Q & A and David Scott Participants to submit questions during the week. 10:00 Coffee Break 10:15 Action Plan Presentations by Participants Participants will present their Action Plans to the group and receive feedback from the Program Leaders and colleagues. 12:15 Closing Ceremony and Certificate Presentation 13:00 Lunch followed by Discover Toronto tour 18:30 Farewell Dinner at CN Tower