Strengthening Financial Regulation and Basel II in Response to the Financial Crisis Regional Seminar

Transcription

1 Strengthening Financial Regulation and Basel II in Response to the Financial Crisis Regional Seminar GENERAL INFORMATION BULLETIN HOSTS CEMLA and FSI PLACE The meeting will take place at CEMLA headquarters, located at Durango # 54, Col. Roma, 06700, Mexico, D.F. [ DATE December 7 to 9, LANGUAGE English and Spanish with simultaneous interpreting. COORDINATION Ana Laura Sibaja Jiménez Phone: +52 (55) , Fax: +52 (55) , sibaja@cemla.org TRANSPORTATION We recommend using the official taxis from the airport; the fee is around USD 20 to the recommended hotels. The official taxis desk is inside the airport. CURRENCY AND EXCHANGE The Mexican currency is the Peso (MXN). The official exchange rate floats against the US dollar. Exchange rate: MXN per USD 1.00 at October 16. Additional information available at: DRESS CODE Formal business ADDITIONAL INFORMATION Mexico City is located over meters (7,400 feet) above sea level; the weather in December is cold, with possibility of rain. The average temperature is 13 C, from 5 C to 22 C. The voltage is 110 volts, 60HZ. The participants are responsible for procedures about passport, visas and sanitary requirements in case are required. ACCOMMODATION The following hotels are recommended. Their fees are subject to 15% of VAT and 2% of the current federal tax. Each participant is responsible of their own reservation. In order to make it, please contact the person in charge in your selected option. Notice that you will need a credit card to guarantee the reservation. Hotel Sheraton María Isabel Stanza Address Paseo de la Reforma #325, México, D.F Álvaro Obregón #13 México D.F Phone +52 (55) (55) / 0694 Fax +52 (55) (55) claudia.ledesma@sheraton.com reservaciones@stanzahotel.com Website Fee Standard single or double USD (buffet breakfast included) Standard single MXN 580 Standard double MXN 630 2

2 Fortalecimiento de la regulación financiera y Basilea II en respuesta a la crisis financiera Strengthening Financial Regulation and Basel II in Response to the Financial Crisis FORMA DE REGISTRO REGISTRATION FORM Por favor llene todos los campos y envíe esta forma al CEMLA. Please send to CEMLA with all blanks properly filled out. 1. Información General /General Information Apellido: Last Name: Nombre: First Name: Cargo / Position: Institución /Institution: Dirección /Address: Tel / Phone: ( ) Fax: ( ) E Mail: Comentarios: / Comments: 2. Acompañantes / Companions Nombre / Name: Relación / Relationship: Día de Llegada: Date of Arrival: Día de Salida Date of Departure: Hotel: 3. Planes de Viaje /Travel plans Aerolínea y No. de Vuelo: Airline & Flight Number: Aerolínea y No. de Vuelo: Airline & Flight Number: Hora de llegada: Time of Arrival: Hora de Salida: Time of Departure: IMPORTANTE: Los participantes deben remitir este registro completo al CEMLA ( demaria@cemla.org; fax (52-55) ), antes del 13 de noviembre de IMPORTANT: Participants should fill out the following information and send it to CEMLA ( demaria@cemla.org;fax (52-55) ) before November 13,

3 Strengthening Financial Regulation and Basel II in Response to the Financial Crisis Regional Seminar Draft Agenda Mexico City, December 7-9, :45 Welcoming Remarks Monday, December 7 CEMLA 09:00 Introduction to the Seminar FSI, Bank for International Settlements 09:15 Overview of the Basel Regulatory Response to the Financial Crisis Institutional changes Microprudential developments Macroprudential work 10:15 Coffee/Tea Break Session I: Macropudential Response 10:45 Current Work on Developing a Macroprudential Approach to Regulation and Supervision Desirable features of an operational financial stability framework Is it possible to measure systemic risk? Potential ways to allocate systemic risk to financial institutions 12:00 Implementing a Macroprudential Approach Overview of the financial stability framework: how the macroprudential approach fits in Macroprudential tools and techniques The Bank of Spain s pragmatic approach 12:00 Implementing a Macroprudential Approach Bank of Spain s Current Efforts 13:15 Lunch Overview of the financial stability framework at Bank of Spain Macroprudential tools and techniques Practical experience thus far and challenges going forward 14:30 Using Macroprudential Indicators to Analyse the Banking Sector Condition Overview of the EU s financial stability framework Identification of sources of risk 1/4

4 Risk absorption capability indicators Key statistical and aggregation issues 16:00 Coffee/Tea Break 16:30 Assessing Vulnerabilities through Macro Testing Techniques Particularities of the local financial system Stress testing techniques and reference scenarios Use of stress test results 18:00 End of Session 08:45 Mitigating Procyclicality in the Financial System Latest Work at the BIS Calibrating prudential tools to account for procyclicality Potential schemes for countercyclical bank capital buffers Remaining challenges and work going forward 10:00 Coffee/Tea Break Tuesday, December 8 10:30 The Bank of Spain s Work on Mitigating Procyclicality in its Financial System Procyclicality: looking at the root causes Spanish dynamic provisioning: practical experience and challenges ahead Other considerations 11:45 Roundtable Discussion What is Feasible, Challenging and Impossible to Achieve with a Macroprudential Approach to Regulation and Supervision? 12:30 Lunch II. Microprudential Reform 13:45 Improving the Quality and Transparency of Regulatory Capital Improving the absorption capability of Tier 1 capital Key considerations in incorporating a leverage ratio Disclosure requirements Mr Jesús Ibañez, Banco de España 15:00 Revisions to the Basel II Market Risk Framework Main changes to the standardised and internal models approach to market risk Mechanics of the stressed VaR calculation Treatment of illiquid positions Computing capital for incremental risk in the trading book 16:15 Coffee/Tea Break 2/4

5 16:45 Enhancing the Capital Framework for Securitisation Activities Overview of the securitisation framework in Basel II and particularities of the US approach Dealing with resecuritisations under the IRB and standardised approaches Treatment of liquidity facilities Key disclosure requirements 18:00 End of Session 08:45 Monitoring Procyclicality in Basel II 10:00 Coffee/Tea Break Wednesday, December 9 10:30 Reinforcing Risk Management and Governance Practices in Banks - Pillar 2 Revisions Overview of the supplemental Pillar 2 guidance Specific risk management topics Reputational risk and implicit support Compensation practices 11:45 New Principles for Sound Liquidity Risk Management and Supervision 13:00 Lunch Governance of liquidity risk management Measurement and management of liquidity risk Public disclosure The role of supervisors Current work on ensuring the implementation of the principles 14:15 Supervisory Approaches to Liquidity Risk in Banking Institutions Recent developments Quantitative and qualitative requirements On-site supervision and off-site surveillance 15:00 Coffee/Tea Break 16:00 Stress Testing and Capital Lessons from the 2009 Stress Testing Exercise in the United States Stress testing governance practices among US Banks Issues in selecting and defining appropriate stress scenarios Range of stress testing methodologies and techniques Linking stress testing with capital planning Supervisory expectations in the US 3/4

6 17:15 Roundtable Discussion Implementing the Regulatory Enhancements to Basel II and other Parts of the Prudential Framework Benefits, Challenges and Priorities 18:00 Closing Remarks 18:10 End of the Seminar 4/4