DNB international workshop and seminar programme 2018 Bringing knowledge and people together
DNB international workshop and seminar programme 2018 Contents Foreword 5 DNB international workshop and seminar programme 2018 6 Summary 7 General information 8 Contact details 10 Travel directions 12 Workshops and seminars in 2018 details Central bank communication and transparency 15 Insurance supervision: Implementation of Solvency II - two years later 16 Working Agile in a central bank 17 Internal audit: keeping pace with developments 18 Payments and market infrastructures 19 Operational monetary policy 20 On-site banking supervision in practice 21 Strengthening cyber-resilience in the financial sector 22 DNB activities in previous years 24 About us 26
4 From left to right: Carel van den Berg (Coordinator Technical Cooperation Centre) Alice van de Werfhorst (Assistant Technical Cooperation Centre) Paul Hilbers (Director of the Financial Stability Division) November 2017
DNB international workshop and seminar programme 2018 Foreword We are proud to present the 2018 programme for DNB s international workshop and seminar series. Our workshop and seminar series aims at capacity building at fellow central banks and supervisory authorities by providing training sessions and an open exchange of knowledge. We are still feeling the aftermath of the financial crisis, while new challenges are constantly on the horizon, both for monetary and supervisory authorities. This challenging environment underlines the importance for central banks and supervisory authorities to be able to take well-informed decisions by drawing on the latest expertise. Our workshops and seminars aim at developing knowledge and understanding of monetary and supervisory issues as well as the skills to apply this knowledge. DNB s international workshop and seminar programme comprises eight workshops and seminars held in Amsterdam. We have added new seminars on cyber security and on Agile working in a central bank. All seminars and workshops are led by DNB experts who work in the respective fields on a daily basis, thereby providing a practical and hands-on perspective. Participants will be encouraged to share their views. A good command of English is required. As in previous years, we will also organise a number of international seminars outside the Netherlands and we are grateful for the kind support of partner central banks to help organise these regional events. In addition, we offer technical cooperation to central banks and prudential supervisors, not only on a bilateral basis, but also as a partner in large-scale projects coordinated by international organisations. We concentrate on the countries that are members of the IMF constituency group led by Belgium and the Netherlands. The last section of this brochure contains summary information on our technical cooperation activities over the past years. We very much look forward to welcoming new participants to our international workshop and seminar programme for 2018. 5 Paul Hilbers Director Financial Stability Division Carel van den Berg Coordinator Technical Cooperation Centre
DNB international workshop and seminar programme 2018 6 Dates Seminars 16 February 2018 12-13 April 2018 7-8 May 2018 5-8 June 2018 24-27 September 2018 1-2 October 2018 15-17 October 2018 5-6 November 2018 Central bank communication and transparency Implementation of Solvency II - two years later Working Agile in a Central Bank Internal audit: keeping pace with developments Payments and market infrastructures Operational monetary policy On-site banking supervision in practice Strengthening cyber-resilience in the financial sector
DNB international workshop and seminar programme 2018 Summary This brochure provides a detailed description of the individual seminars (and workshops), including the objectives and contents as well as the preferred professional background of the intended target groups. All seminars will be held in English, so a good command of this language is required, as translation or interpreting services will not be offered. General purpose The programme aims to: present recent developments in specific central banking areas from the perspective of De Nederlandsche Bank as part of the European System of Central Banks. exchange views on specific central banking issues and learn from each other s experiences. This means that the actual content of the seminars will be determined in part by the specific contributions that the participants make. We are open to any comments on the content of our seminars. In some of them, participants may be invited to give presentations on topical issues in their field of expertise. Target groups Our seminar programme targets staff employed by the central banks and prudential supervisors in the countries that make up the IMF/World Bank constituency headed by the Netherlands and Belgium. However, we may also invite participants from other central banks or prudential supervisors, mainly from emerging countries, to attend individual seminars. This will be determined on a case-by-case basis. 7
General information 8 How to apply This brochure has been sent to the governing boards of selected central banks and prudential supervisors, inviting them to nominate participants for our annual international workshop and seminar programme. If you want to nominate members of your institution for a workshop or seminar, please complete the online registration form on our seminar page: www.dnb.nl / English / Technical Cooperation International Seminar Programme (Quick link on the right-hand side) Please send us your completed form at least two months prior to the start of a seminar/workshops. Given the limited number of places available, participation is restricted to one or two representatives per country. The maximum number of 25 participants per seminar may be changed to suit the specific purpose of each seminar. If there are more applications than there are places available, we will have to make a selection and we trust that you will understand if an application from your institution is turned down. Correspondence All subsequent correspondence will be sent directly to the participants, who will receive an invitation by email and, if they want, by regular mail. The invitations will be sent out by the organising department. Our events department will take care of the hotel reservations. To ensure that the necessary formalities are dealt with in time, we will send the information four weeks before the start of the seminar. Security Due to our strict security regulations, participants will be required to prove their identity by means of a certified ID (e.g. a passport, not a driving licence) when visiting our offices. While on our premises you will be required to wear an identification badge, which you will be given at the reception desk. Please state the type and number of your ID on the registration form. Duration of the seminars/workshops Most seminars take three days, from 9:00 a.m. to 5:00 p.m. Please note that participants are expected to attend all sessions and must not schedule any appointments coinciding with these sessions. We will notify the participating central banks of poor attendance by their representatives. Charges Our seminars are free of charge. We will provide accommodation, breakfast and lunch and bear the costs of any dinners and social events scheduled. Participants are assumed to have adequate insurance cover for medical treatment abroad. Accommodation DNB provides single-room accommodation free of charge located centrally in Amsterdam for the duration of the seminar, from the evening prior to the seminar to the night after, i.e. four nights for a three-day seminar. Our invitation asks participants to state their arrival and departure times, and we will make hotel reservations accordingly. We will then send participants more
DNB international workshop and seminar programme 2018 detailed information about accommodation and transfer arrangements. If participants need to change their travel plans, we will try and accommodate their requests but cannot offer any guarantees. Regrettably, we are unable to provide accommodation for participants partners or other relatives. Cancellation If you have to cancel your attendance, please contact us at least five business days in advance, but preferably earlier, at technicalcooperation@ dnb.nl and events@dnb.nl. Given the large number of applications, late cancellations deprive others of the opportunity to attend the seminar and may involve hotel cancellation costs. We will charge any no-show fees payable to the central bank involved. 9
Contact details 10 Management Carel van den Berg Coordinator Technical Cooperation Centre E-mail: c.c.a.van.den.berg@dnb.nl Assistant Technical Cooperation Centre Alice van de Werfhorst Phone: +31 20 524 3336 E-mail: technicalcooperation@dnb.nl
DNB international workshop and seminar programme 2018 11 Travel and Conference Services Linda Hovenier Phone: +31 20 524 3615 E-mail: events@dnb.nl Marja Kooijman Phone: +31 20 524 2406 E-mail: events@dnb.nl General contact information De Nederlandsche Bank N.V. PO Box 98 1000 AB Amsterdam The Netherlands Westeinde 1 1017 ZN Amsterdam The Netherlands Tel: +31 20 524 9111
How to get to Amsterdam from Schiphol Airport 12 Taxi Taxis are available in front of the arrivals terminal. Depending on traffic conditions, the drive will take approximately 30 minutes. The fare is approximately EUR 45. Bus There are shuttle bus services between Schiphol Airport and most of the larger hotels in Amsterdam. For information on departure times and where to board the shuttle busses, please refer to the KLM information desk in the arrivals hall. Depending on traffic conditions, the drive will take approximately 30 minutes. The fare is approximately EUR 17. For more information and to book online, please go to www.schipholhotelshuttle.nl. Public transport busses that are also stationed in front of the arrivals hall will bring you to Amsterdam Central Station. The fare is approximately EUR 5. Train A regular train service connects the Schiphol Airport underground railway station to Amsterdam Central Station. Trains leave every 15 minutes or so and take 20 minutes to reach the city centre. The fare is approximately EUR 5. From Amsterdam Central Station, you can take a tram, bus or metro to your hotel. Please note that you need a 1-hour ticket (EUR 2.90) from the vending machine. Example: directions from Hampshire Eden Hotel, Amstel 144, Amsterdam to De Nederlandsche Bank
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DNB international workshop and seminar programme 2018 16 February 2018 (1 day) Central bank communication and transparency Purpose of the seminar The global financial crisis has changed the public expectations of the accountability and transparency of central banks and supervisory authorities. It is now an appropriate time to reflect on the role of communication and transparency in the postcrisis world and their effect on the impact and effectiveness of central bank policy. During this high-level seminar stock will be taken of current practices and developments in central bank communication and transparency. It will take the form of a one-day conference that is open to Governors and Board Members of central banks. Representatives from international organisations and academic institutions, including the IMF, will present their latest insights. Other speakers will include Governors and Board Members of central banks in our Constituency. The conference will consist of two sessions with one or two keynote speakers and four to five panellists. Target group Central bank Governors and Board Members of the Dutch-Belgium Constituency at the IMF. The conference will be held in English. Participation is by invitation only. Contents Main topics to be discussed Current trends and challenges in the transparency and external communications of central banks and supervisory authorities How communication can contribute to financial stability The effect of increased transparency and communications on the effectiveness and success of central bank supervisory and macroprudential policies Contact information If you have any questions or need additional information, please feel free to contact Menno van der Ven of DNB s Financial Stability Division at m.j.van.der.ven@dnb.nl. Registration Invitees will be referred to a separate online registration form By invitation only 15
12-13 April 2018 (2 days) Insurance supervision: Implementation of Solvency II - two years later 16 Purpose of the seminar This seminar is intended to exchange supervision experiences with Solvency II. This risk-based European supervisory framework for the insurance sector has been effective since 1 January 2016. Solvency II is not just about capital requirements. It is a comprehensive programme of regulatory rules for the insurance sector. The Solvency II programme is divided into three areas, known as pillars. Pillar 1 sets out quantitative requirements, including the rules to value assets and liabilities, calculate capital requirements and identify eligible own funds to cover those requirements. Pillar 2 sets out requirements for risk management and governance, as well as details of the supervisory process at competent authorities. Pillar 3 addresses transparency, reporting to supervisory authorities and disclosure to the public. This seminar will reveal how DNB addresses the practical implications of working with Solvency II. The seminar will discuss such topics as risk based -supervision, governance, key functions and business models and our first experiences in applying Solvency. Target group Management, senior staff and officers at insurance supervisory authorities (one or two participants per country). Contents Risk Management as a key function Standard model for calculation of the solvency capital requirement Application processes (licence, declaration of no-objection, portfolio transfer, merger) Governance/assessments Tooling/dashboards Contact information If you have any questions or need additional information, please feel free to contact Björn Sluijter of DNB s Insurance Supervision Division at b.sluijter@dnb.nl. Deadline for registration 15 February 2018 There will be more than enough time to discuss participants s day-to-day experiences.
DNB international workshop and seminar programme 2018 7-8 May 2018 (2 days) Working Agile in a central bank Purpose of the seminar Agile methodologies have become increasingly popular at organisations, small and large, and are developing into an accepted alternative for traditional project management. Developing a clear understanding of what working Agile actually entails, and how it can work in a complex organisation like a central bank, can be challenging. This seminar provides a practical perspective on Agile and Scrum and the benefits and challenges that these methods bring to the organisation. By not only providing the theory underlying the methodology, but also showing the practical results from applying it at De Nederlandsche Bank on a daily basis, our presenters will show how Agile works in practice. The seminar is open to interested staff members from all organizational levels. Contents Theories of Agile and Scrum Practical application of the theory Concrete examples of working Agile at DNB Benefits and challenges of working Agile Working Agile in a central bank s governance model Contact information If you have any questions or need additional information, please feel free to contact Raoul de Mos of DNB s IT Division at r.r.de.mos@dnb.nl. Deadline for registration 12 March 2018 17 Target group Management and staff members interested in working with, or hearing about the benefits of Agile and Scrum project management methodologies.
5-8 June 2018 (4 days) Internal audit: keeping pace with developments 18 Purpose of the seminar Internal Audit is facing several challenges. The International Professional Practice Framework (IPPF), The Standards for short, is making increasing demands on our profession. At the same time, the organisations that we serve are also changing, our stakeholders have high elevating expectations and technology keeps developing at a rapid pace. Target group Managers of Audit departments and in-house Audit staff of all levels. Managers and staff of related professional areas (e.g. business risk management) who want to learn more about the current challenges facing Internal Audit. Contents The seminar will address the following four topics: Moving from operational risk management (ORM) to enterprise risk management (ERM) We will discuss several risk management frameworks including the recently released COSO ERM 2017. Implementing the three lines of defence (3 LoD) model Although the three lines of defence concept was introduced several years ago and looks simple on the fact of it, a majority of organisations still seem to be struggling with implementing the model. We will show what Internal Audit can contribute towards a clear understanding and implementation of the model. Blockchain Most people link blockchain to crypto-currencies like bitcoin, but the blockchain technology can be applied to many more areas than cryptocurrencies alone. We will discuss blockchain technology, its risks and its opportunities. The Internet of Things (IoT) Today, information technology, its connectivity and appearance is no longer limited to personal computers, servers and the like. All kinds of devices are becoming smart and are communicating with each other. This may increase effectiveness and efficiency, but it also brings new and other forms of risk that can even elevate current risk levels. Approach We will use case studies and a risk management game, so the seminar requires active participation and a good command of English. Other For full participation in this seminar a maximum of 28 CPE credits is awarded. Contact information If you have any questions or need additional information, please feel free to contact Rob Cornelisse of DNB s Internal Audit Department at r.e.cornelisse@dnb.nl. Deadline for registration 17 April 2018
DNB international workshop and seminar programme 2018 24-27 September 2018 (4 days) Payments and market infrastructures Purpose of the seminar The seminar gives an overview of new developments in payments and market infrastructure systems, and the role that modern central banks play as policy makers, overseers, operators and service providers. The landscape is changing rapidly, and central banks need to be pro-actively engaged. There are fundamental changes in market infrastructures, new market players and innovations in the areas of retail payments, large value payments and securities settlement. The changes in the payment and securities field will have an impact on payment behaviour of firms, retailers, consumers, governments and financial authorities. The seminar will include plenary sessions as well as smaller scale workshop-style activities. We will also visit a financial institution. From participants we expect an active contribution to open discussions and a willingness to share own experiences. There is a social event during the four-day seminar and some sightseeing of the Netherlands. Target group Management and senior staff involved in payments and securities, i.e. from policy and operational departments, financial markets departments, legal departments, oversight and supervision departments. Contents The seminar will cover the following key topics: General framework and large value payment systems (LVPS) - The central bank s role in payments and market infrastructures - Developments in LVPS including TARGET2 Collateral management and securities settlement systems - Developments in collateral and liquidity management - Experiences with TARGET2-Securities - Business continuity and crisis management for payments and securities settlement systems Retail Payments - Innovations in retail payments after the change-over to the Single Euro Payments Area (SEPA) e.g. instant payments, mobile payments (including Person-2-Person), contactless payments and e-invoicing - European law on retail payments - Research in retail payments - The involvement of stakeholders in retail payment systems Oversight of the payment system - BIS-IOSCO principles for financial market infrastructures and other oversight - Oversight in practice Contact information If you have any questions or need additional information, please feel free to contact Judith Looman or Michiel van Doeveren of DNB s Payments and Market Infrastructures Division at j.looman@dnb.nl or m.a.j.m.van.doeveren@dnb.nl. Deadline for registration 23 July 2018 19
1-2 October 2018 (2 days) Operational monetary policy 20 Purpose of the seminar The Operational Monetary Policy seminar covers conventional and unconventional Eurosystem central bank operations. Since the credit crisis in 2007 and the sovereign debt crisis in 2009, numerous monetary instruments have been implemented. In addition, the Eurosystem started four new purchase programmes (CBPP3, ABSPP, CSPP and PSPP). The programmes were started with the aim of reviving the euro area economy, with the ultimate goal of bringing inflation back to the desired level of below, but close to 2%. These new measures will be covered extensively during the course. With respect to conventional tools we will cover the fundamentals and also implementation experiences with open market operations, operational procedures, and institutional arrangements within the Eurosystem. Target group Central bank staff members and officers involved in monetary policy implementation and monetary policy advisors who would like to become more familiar with the implementation aspects. This seminar is especially suited for relatively new staff members in this area of expertise (one or two participants per country). Participants will be expected to discuss their central bank s experiences with monetary policy implementation and their current challenges with monetary policy and its implementation. Therefore, a good command of English is required for this course. Contents The seminar will cover the following key topics: Purpose and objectives of monetary policy strategy and implementation Overview of the Eurosystem s monetary policy instruments Aspects of instruments: bidding procedures in the tender systems, collateral issues and risk control measures Experiences with Eurosystem monetary policy implementation; conventional and unconventional Financial markets monitoring and market intelligence Contact information If you have any questions or need additional information, please feel free to contact Daniel Overduijn of DNB s Financial Market Division at d.overduijn@dnb.nl. Deadline for registration 6 August 2018
DNB international workshop and seminar programme 2018 15-17 October 2018 (3 days) On-site banking supervision in practice Purpose of the seminar The aim of this seminar is to share some of the insights DNB has gathered since the creation of the on-site supervision division at DNB following the start of the Single Supervisory Mechanism (SSM). The seminar will focus in depth on a number of areas of expertise within the on-site division: credit risks, market risks, IT risks, business model and profitability risks, and risks related to internal governance and risk management. In addition, the seminar will discuss DNB s thematic (horizontal) approach to on-site banking supervision. Target group Staff working in banking supervision. Contents On-site credit review including a credit file review On-site business model review including a case study Working together with other government agencies, such as the police, tax authorities, and the Chamber of Commerce Internal governance: risk appetite and risk management 21 Presentations will start with an outline of the corresponding regulatory framework and the available tools and methods for on-site supervision. We will then get into more detail through case studies based on real on-site investigations. Participants will be guided through the considerations of our supervisors during the examinations and their process of reaching conclusions. Contact information If you have any questions or need additional information, please feel free to contact Aad Carp of DNB s On-site Supervision and Banking Expertise Division at a.a.g.carp@dnb.nl. Deadline for registration 22 August 2018
5-6 November (2 days) Strengthening cyber-resilience in the financial sector 22 Purpose of the seminar This two-day seminar will cover a wide range of topics related to cyber-resilience. The seminar will provide a view on current developments in the cyber-threat landscape and what financial institutions are doing to build their cyber-resilience, both at an individual level and sector-wide. This will include initiatives to strengthen private-public cooperation through the FI-ISAC structure in the Netherlands and the joint electronic crimes task force of representatives for the financial industry and law enforcement. The seminar will also explain supervisory issues at the European level (SSM, EBA, ECB) and at the national level for DNB. As cyber threat levels are rising and have moved more upstream in the financial system as well, we will also be dealing with cyberresilience issues for financial market infrastructures. This includes the CPMI-IOSCO guidance on cyberresilience for FMIs, its adoption and implementation, as well as the CPMI strategy on wholesale payment security. The programme will also include the threat intelligence-based ethical red teaming framework TIBER, which was set up in the Netherlands by DNB together with partners within the financial critical infrastructure. TIBER has gained broader adoption at the Eurosystem-level with TIBER-EU and has drawn interest from around the globe. We expect active participation and there will be plenty of opportunity for discussion with presenters and fellow participants. The seminar will include a simulation to further add to the dynamic and interactive setting. This will also allow participants a learning-by-doing experience of cyber-resilience. Target group Central bankers with cyber-resilience responsibilities in an operational, supervisory or policymaking role. Contents Update on the cyber threat landscape Resilience in the financial sector and privatepublic cooperation Central bank s operational, supervisory and policymaking roles TIBER framework and red teaming Developments on the wholesale side and CPMI-IOSCO guidance Simulation game: resilience in practice Contact information If you have any questions or need additional information, please feel free to contact Raymond Kleijmeer of DNB s Financial Market Division at r.kleijmeer@dnb.nl. Deadline for registration 10 September 2018
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Summary information of technical cooperation activities by DNB in previous years 24 Overview of activities 2012 2013 2014 2015 2016 Number of Events in Amsterdam Events 40 35 43 46 58 Participants* 318 281 324 317 327 Central banks 45 43 45 50 42 Events abroad Events 42 38 32 44 52 Participants 760 631 641 631 781 Central banks 30 16 16 18 17 Total events Events 82 73 75 90 110 Participants 1078 912 965 948 1108 Central banks 49 47 52 51 51 * The total number of persons from central banks (and related institutions or in some cases local financial institutions) that participated in a technical cooperation event or training. Breakdown of DNB technical cooperation activities in 2016 (%)* 7% 6% 7% 48% 32% 2% International seminars/workshops in Amsterdam International seminars/workshops abroad EU twinning visits Other third-party funded Expert advice/study visits abroad Study visits to DNB *Measured as percentage of total number of events
DNB international workshop and seminar programme 2018 Central bank participation Number of central banks that participated in one or more technical cooperation activities by DNB 25 56 54 52 50 48 46 44 42 40 2012 2013 2014 2015 2016 Male to female ratio 70 60 50 40 30 20 10 0 2012 2013 2014 2015 2016
About us 26 The Technical Cooperation Centre coordinates DNB s technical cooperation activities. It is responsible for their planning, logistics, financing, monitoring and evaluation, in tandem with DNB s Events Department. The Centre was set up in 1998, after membership of the Dutch-led IMF constituency led by the Netherlands had increased substantially to thirteen countries¹, many of which were in transition from a state-led to a market-led economy. Long-term relationships have since developed. For instance, since 1999, DNB has had the opportunity to provide some form of training to more than 3,500 staff of the three central banks that received most of our bilateral assistance. This includes persons who were given training more than once. In the technical cooperation model that DNB uses, the expertise is not provided by the Technical Cooperation Centre itself, but by experts from DNB who work in the relevant areas. To this end, all business areas earmark a certain amount of their time for technical cooperation each calendar year. They also appoint a contact person who has an overview of the available expertise and experts. Each year, around 90 professionals provide technical assistance for around 80 events or missions. Each year in November, the Technical Cooperation Centre publishes a brochure on DNB s international workshop and seminar programme for the calendar year ahead. A preview of our programme is published on DNB s website in October. The Programme has been in existence since 1999. 1 Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, the Republic of Macedonia, Moldova, Montenegro, the Netherlands, Romania, Ukraine. In October 2012, Belgium (co-chair with the Netherlands) and Luxembourg joined the constituency.
DNB international workshop and seminar programme 2018 Notes