The conference convenes regulators, supervisors, and central bankers from across client and donor jurisdictions along with relevant counterparts in public and private sectors and academia. The objective is to share experiences and views on the implementation of complex financial sector reforms to develop stronger and more resilient banking sectors in the Europe and Central Asia region.
Over the last decade policy makers in the region, which stood out as the worst impacted by the global financial crisis, have worked hard to implement the key global and European Union post-crisis regulatory reforms. This has, however, had the inevitable effect of diverting some attention from more basic prudential topics that are not part of the post-crisis package but are among the leading causes for banking crises.
FinSAC’s annual conference this year will therefore go “Back to Basics” to refocus attention on some of these key topics. The first day will discuss frameworks for licensing and transfer of significant ownership, related party exposures, how supervision can be made more effective in addressing risk, and how capital requirements can be adjusted to banks’ risk profiles, and lastly, includes a session on supervisory organization. The second day focuses on some of the challenges that regulators in the region have experienced in introducing the post-crisis regulatory agenda, the operationalization of macroprudential supervision, loan classification and provisioning, and the challenges emanating from introducing expected loss methodologies, as well as practical problems in emerging and developing countries in resolving the too-big-to-fail dilemma, through enhancements to bank resolution frameworks and the operationalization of resolution planning.