EUROPEAN SUPERVISOR EDUCATION INITIATIVE

ESE Training Brochure 2016

www.ese-initiative.org

CONTENTS

Foreword
1 About us

2 ESE Trainings in 2016

2.1 Overview

2.2 Seminars for Banking Supervisors

2.3 Cross-Sectoral seminars

14

2.4 Soft skill seminars

18

3 How to apply 

22

ANNEXES
1 Training Statistics 2015
2 Mission Statement
3 Organisational Structure
4 Framework for Cooperation

LIST OF ABBREVIATIONS
BaFin

German Federal Financial Supervisory Authority / Bundesanstalt fr Finanzdienstleistungsaufsicht

BBK

Central bank of Germany / Deutsche Bundesbank

BCL

Central bank of Luxemburg / Banque centrale du Luxembourg

BoS

Central Bank of Slovenia / Banca Slovenije

CNB

Czech National Bank / esk nrodn banka

DNB

Central Bank of the Netherlands / De Nederlandsche Bank

EBA

European Banking Authority

EIOPA

European Insurance and Occupational Pensions Authority

ESAs

European Supervisory Authorities (EBA, ESMA, EIOPA)

ESMA

European Securities and Markets Authority

ESE

European Supervisor Education Initiative

FSI

Financial Stability Institute (at the Bank for International Settlements)

OeNB

Central bank of Austria / Oesterreichische Nationalbank

EUROPEAN SUPERVISOR EDUCATION INITIA

FOREWORD
Looking back at 2015, it was a busy year in the world of financial supervision. This was a year
marked by the implementation of the SSM a year during which the construct of the SSM had to
prove its practical applicability to meet the challenges of the current supervisory landscape. The
ESE was on hand to provide support and fulfil its fundamental objective of promoting a common
European supervisory culture. Thus, the ESE contributed to the SSM by offering suitable supplementary training opportunities for financial supervisors and by seeking to integrate new
perspectives and requirements into its existing seminar range.
With 472 participants from 38 countries, the ESE played a part in achieving common standards
in European financial supervision in 2015. In addition to successfully holding its technical and
soft-skill seminars, the ESEs other accomplishments did more than just highlight the success of
the initiative they also revealed the demand for open exchange, which has always been a
fundamental component of the ESEs concepts.
On 1 and 2 October 2015, the Czech National Bank hosted the fourth ESE Conference entitled
Financial supervision in Europe on the right track? in Prague. This event covered a wide
range of interesting topics, all relating to the creation of the pillars of a banking union in response
to the financial crisis. Experts from the field of supervision and the banking industry as well as
academics and managing executives analysed the new regulatory framework, explored the
different angles of the SSM and presented their views on the challenges that will arise in the
future. With over 120 participants, this conference was an attractive event featuring high-calibre
lectures and fruitful discussions, and it demonstrated the importance of offering a platform for
open dialogue to all those affected by one of the most complex measures in financial super
visions recent history.
The ESE strives to work with other institutions responsible for financial supervision in Europe.
Therefore, we were delighted to work with the BISs Financial Stability Institute in Basel and the
European Supervisory Authorities on joint seminars in 2015. As participants are able to profit in
a unique way from the shared expertise and knowledge imparted by these institutions, all of
which are engaged in providing training to financial supervisors, the ESE will continue to work
with these institutions in 2016.
The ESE is an organisation that strongly depends on the experience, traditions and expertise
provided by its alliance of partners. With that in mind, the ESE was especially delighted when De
Nederlandsche Bank decided to join the ESE as a full member in 2015. With its seven member
institutions from Austria, the Czech Republic, Germany, Luxembourg, the Netherlands and
Slovenia, the ESE is in a good position to meet the challenges of the future and to respond to
current changes in financial supervision.
Finally, the ESE would like to thank all those who supported the initiative last year and welcomes
their ongoing support in the future. All efforts will be dedicated to offering high-level training in

order to achieve our goal of creating highly qualified supervisors who see themselves as
networkers helping to ensure a stable and sound financial system. The past year has proved that
the ESEs approach, with its overall objective of fostering a joint supervisory culture in Europe, is
based on a valid and well-received concept. The ESEs idea has taken root.

Dr. Stefan Blochwitz

(Chairman of the Programme Council)

ESES PROGRAMME COUNCIL:

Stefan Blochwitz

Gabriela de Raaij

Thomas Schmitz-Lippert

Norbert Goffinet

David Rozumek

Deutsche Bundesbank
(Chair)

Oesterreichische
Nationalbank

Bundesanstalt fr
Finanzdienst
leistungsaufsicht

Banque centrale
du Luxembourg

Czech National Bank

Stanislava Zadravec
Caprirolo

Iskander Schrijvers

Bank of Slovenia

De Nederlandsche Bank

1. ABOUT US
The European Supervisor Education Initiative (ESE) was established in 2009 as an alliance of the
German Federal Financial Supervisory Authority (BaFin), Deutsche Bundesbank (BBK),
Oesterreichische Nationalbank (OeNB) and the Goethe Business School (GBS) at Goethe University
in Frankfurt. In 2010, the Banque centrale du Luxembourg (BCL) became a member of ESE. The
Czech National Bank (CNB) and the Bank of Slovenia (BoS) joined as full members in 2014 as well
as the De Nederlandsche Bank (DNB) in 2015.
The ESE pursues two main objectives: to offer European financial supervisors high-level training
under uniform standards and to promote a common European supervisory culture and practice.
ESE offers a modular seminar programme for banking, insurance and securities supervisors at
various locations in Europe. The programme is aimed at strengthening cooperation between
supervisory authorities by the exchange of information and transfer of knowledge (see Mission
Statement, Annex 2).
Referring to its organisational structure, ESE is governed by three bodies, i.e. the Programme
Council, the Steering Committee and the Secretariat (see Annex 3 for an overview on their
respective compositions and functions).
As described in its mission statement ESE is always open to new members. Any contribution by
European supervisory institutions or central banks sharing the idea that further training is crucial
to the success of financial supervision is highly appreciated. The framework for cooperation can
be found in Annex 4. Current information about ESEs activities are available on the website
www.ese-initiative.org.

2. ESE TRAININGS IN 2016

OVERVIEW
Seminar title

Planned Dates

Venue

30.3. 1.4.

Vienna

26.9. 28.9.

Eltville

25.4. 27.4.

Prague

28.11. 30.11.

Eltville

1.2. 3.2.

Eltville

13.6. 15.6.

Ljubljana

30.11. 2.12.

Vienna

23.3. 24.3.

Ljubljana

24.10. 25.10.

Luxemburg

ICAAP Capital SREP

13.12. 15.12.

Eltville

FSI-ESE-BSCEE Cooperational Seminar Leverage ratio and Interest

Rate Risk in the Banking Book

12.4. 14.4.

Prague

Risk Models in Banks

2nd half of 2016 t.b.d.

Seminars for Banking Supervisors

Interest rate risk and asset-liability-management in banks
Stress testing and asset quality review
IFRS vs. Basel requirements for banks

ILAAP Evaluation of liquidity risk management

Cross-Sectoral seminars
Capital Markets: Innovative Products
(jointly with EBA)

7.4. 8.4.

Financial stability and the macro/microprudential link

2nd half of 2016 t.b.d.

Sectoral Group and Conglomerates Supervision and Colleges of

Supervisors (jointly with EIOPA)

12.5. 13.5.

Berlin

Consumer Protection

1.12. 2.12.

Berlin

Intercultural Competencies for European Supervisors

13.6. 15.6.

Vienna

Meeting Skills for European Supervisors

2.5. 4.5.

Eltville

18.10. 20.10.

Prague

Inspection skills for European Supervisors

14.3. 16.3.

Eltville

14.9. 16.9.

t.b.d.

English & Communication Skills for European Supervisors

25.4. 27.4.

Luxemburg

5.10. 7.10.

Vienna

Prague

Soft Skills seminars

2.2 SEMINARS FOR BANKING SUPERVISORS

Title

Interest Rate Risk and Asset-Liability-Management in Banks

Seminar type

Seminar for banking supervisors

Target group

This seminar is aimed at experts from supervisory authorities and central

banks whose work focus is the stability and supervision of the banking
industry and who have already gained some expertise in the fields
covered by this seminar.

Objectives

Participants should increase their knowledge of Interest Rate Risk and

Asset-Liability-Management (ALM) in banks on a high level and find a
forum of specialists to exchange experiences, supported by international
consultants as well as experts from international banks. Participants will
have a chance to familiarize themselves with best practice models,
discuss different approaches and share their experiences.

Content

Interest rate risk key elements and management strategies

ALM analysis and target figures
ALM analysis and derivation of cash flow parameters
Value management in the banking book
Prudential Treatment of Interest Rate Risk
Economic risk measurement in the banking book
Management strategies in the banking book
Asset Liability Management in an international banking group
Management strategies in the banking book
Planning of net interest income

Format

Lectures, discussions, case studies, simulation exercises (using laptops)

Duration

2 days

Organization

Deutsche Bundesbank jointly with Oesterreichische Nationalbank

Trainers

Consultants, supervisory experts, experts from banking industry

Seminar fee

1.000 Euro

Dates(s)/venue(s)

30 March 1 April 2016 in Vienna

26 28 September 2016 in Eltville

Title

Stress testing and Asset Quality review

Seminar type

Seminar for banking supervisors

Target group

The course is intended for experts from central banks and supervisory
authorities, who have already gained basic expertise of stress testing and
asset quality review and want to enhance their knowledge. Participants
are invited to take an active role in the discussions.

Objectives

The program is designed to familiarize the participants with the newest

regulatory requirements and supervisory approaches related to the issue
of stress testing and asset quality review. Participants will have a chance
to discuss the stress testing related topics on a broad basis with experts
from the academia, EU institutions, national supervisory authorities/
central banks as well as from the financial services industry and to
familiarize themselves with key supervisory issues related to asset quality
review, discuss different approaches and share their experiences.

Content

Asset quality and stress testing - an academic view

Regulatory requirements on stress testing
Essentials of the 2016 EU-wide stress test and The new EBA GLs
on stress testing
Stress testing: national supervisors view
AQR and stress testing
Stress testing in practice

Format

Lectures, discussions

Duration

2 days

Organization

Deutsche Bundesbank jointly with Czech National Bank

Trainers

Supervisory experts, experts from banking industry and Academia

Seminar fee

Approx. 400 Euro

Date(s) and venue(s)

26 - 27 April in Prague
28 - 30 November in Eltville

Title

IFRS vs. Basel requirements for banks

Seminar type

Seminar for banking supervisors

Target group

This seminar is aimed at experts from supervisory authorities and central

banks whose work focus is the stability and supervision of the banking
industry and who have already gained some expertise in the fields
covered by this seminar.

Objectives

Participants should increase their knowledge on IFRS and the Basel

requirements in banks on a high level and find a forum of specialists to
exchange experiences. Participants will have a chance to discuss different
approaches and share their experiences.

Content

Basic similarities and differences between IFRS and Basel requirements

Basel requirements
Regulatory reporting
IFRS with impact on capital resources
IAS 39 as most important standard with significant impact on the
balance sheet of banks, foreseeable changes under IFRS 9 included
Equity versus liability
Concepts of impairment and application of parameters according to
Basel to determine the fair value of loans
Consolidation scope
Securitizations

Format

Lectures, discussions

Duration

2 days

Organization

Deutsche Bundesbank jointly with Oesterreichische Nationalbank

and Bank of Slovenia

Trainers

Accounting experts from academia and consultancy

Seminar fee

1.150 Euro

Date(s) and venue(s)

01 03 February 2016 in Eltville

13 15 June 2016 in Ljubljana
30 November 02 December 2016 in Vienna

Title

10

ILAAP Evaluation of Liquidity Risk Management

Seminar type

Seminar for banking supervisors

Target group

This seminar aims to prepare banking supervisors on liquidity risk to

assess and evaluate the liquidity risk management practices of financial
institutions in a broad sense and offers participants an opportunity to
share and deepen their knowledge on the application of the new ILAAP
framework.

Objectives

The programme is designed to familiarize the participants with the

current regulatory issues in liquidity risk management and supervision by
combining regulatory SSM and non-SSM aspects. This seminar offers
participants from central banks and financial sector supervisory
authorities an opportunity to share and deepen their knowledge on the
Supervisory Review and Evaluation Process (SREP) and its Internal
Liquidity Adequacy Assessment Process (ILAAP). Supervisors with long
track records in the supervisory environment will highlight the state-ofplay on liquidity risk from a supervisory perspective. Participants will
have the chance to discuss liquidity-related topics on a broad basis with
experts from competent authorities, ECB, EBA and a bank representative
from an international, cross-border operating bank.

Content

Regulatory requirements on liquidity risk management

SSM methodology on ILAAP
Best practice from a SSM member
Best practice from a non-SSM member
The EBA`s current work on liquidity risk
An insight from the banking industry
Liquidity stress testing
Liquidity regulation quo vadis?

Format

Presentations, discussions, panel discussion

Duration

2 days

Organization

OeNB, CNB, DNB, BCL, BoS, BBK

Trainers

Supervisory experts, industry experts

Seminar fee

600 Euro

Date(s) and venue(s)

23 24 March 2016 in Ljubljana

24 25 October in Luxemburg

Title

ICAAP - Capital SREP

Seminar type

Seminar for banking supervisors

Target group

This seminar aims to prepare banking supervisors to assess and evaluate

the capital management practices of financial institutions in a broad
sense and offers participants an opportunity to share and deepen their
knowledge on the application of the new Capital-SREP framework.

Objectives

The programme is designed to familiarize participants with the current

regulatory issues in capital management and supervision by combining
regulatory SSM and non-SSM aspects. The seminar offers participants from
central banks and financial sector supervisory authorities an opportunity
to share and deepen their knowledge on the Supervisory Review and
Evaluation Process regarding capital management (Capital-SREP). Participants will have the chance to discuss related topics on a broad basis with
experts from competent authorities, ECB, EBA and the financial industry.

Content

Regulatory requirements on Capital-SREP

EBAs current work on Capital-SREP
SSM methodology on Capital-SREP
Best practice from a non-SSM member
An insight from the banking industry
Stress testing and integration in the Capital-SREP
Panel discussion
This seminar is newly designed. The content is subject to changes. The
exact content will be described in the concrete seminar announcement.

Format

Presentations, discussions, panel discussion

Duration

2 days (over 3 calendar days)

Organization

OeNB, BoS, CNB, BBK

Trainers

Supervisory experts, industry experts

Seminar fee

approx. 600 Euro

Date(s) and venue(s)

13 15 December 2016, Eltville

11

Title

12

FSI-ESE-BSCEE Cooperational Seminar Leverage ratio and Interest

Rate Risk in the Banking Book

Seminar Type

Seminar for banking supervisiors

Content

The topic and content of the annual cooperational seminar with FSI
changes every year. The exact content will be described in the concrete
seminar announcement.

Duration

2 days

Seminar Fee

no fee

Date(s) and venue(s)

12 14 April in Prague

Title

Risk Models in Banks

Seminar type

Seminar for banking supervisors

Target group

The seminar addresses banking supervisors who would like to broaden

their understanding of knowledge in risk management and regulation with
regard to regulatory internal risk models (Pillar 1).

Objectives

Participants should increase their knowledge of regulatory risk models in

banks on an advanced level and find a forum of specialists in order to
exchange experiences. Also, participants will have a chance to familiarize
themselves with best practice models, discuss different approaches and
share their experiences.

Content

Risk models in financial institutions Lessons learnt up to now

from the financial crisis An Academic View
Market risk Models in banks (supervisory expert)
Challenges in modelling Market Risk (industry expert)
Credit risk models in banks (supervisory expert)
Challenges in modelling Credit Risk (industry expert)
Operational risk models in Banks (supervisory expert)
Challenges in modelling Operational Risk (industry expert)

Format

Lectures, discussions

Duration

2 days (over 3 calendar days)

Organization

Deutsche Bundesbank

Trainers

Supervisory experts, experts from banking industry, academia

Seminar fee

approx. 500 Euro

Date(s) and venue(s)

t.b.d.

13

2.3 CROSS-SECTORAL SEMINARS

Title

14

Capital Markets: Innovative Products

Seminar type

Cross-sectoral seminar

Target group

The course is intended for experts from central banks and supervisory
authorities, who have already gained basic expertise of capital markets
and their functioning and want to enhance their knowledge, especially in
the area of innovative products. Participants are invited to take an active
role in the discussions.

Objectives

The program is designed to familiarize the participants with the newest

proposals and supervisory issues related to the reform of the securitization
markets in the EU as well as market trends and developments in the area
of structured products and their distribution.
This seminar offers participants from central banks and financial sector
supervisory authorities an opportunity to share and deepen their
knowledge on the loan originating funds, their structures and investment
strategies in the recent years as well as the dramatic growth in the
so-called liquid alternative funds which include UCITS as well as funds
organized under the US 40 Act legislation.
Participants will have a chance to discuss the capital market related
topics on a broad basis with experts from the alternative asset management
industry, legal practitioners and leading academics and to familiarize
themselves with key supervisory issues related to the asset classes and
products in question, discuss different approaches and share their
experience.

Content

Structured Products
New securitisation products
Private debt and loan funds
Liquid alternative funds
Distribution challenges

Format

Presentations, discussions, panel discussions

Duration

1 days

Organization

Czech National Bank

Trainers

Supervisory experts, experts from banking industry, academia

Seminar fee

500 Euro

Date(s) and venue(s)

07 - 08 April 2016 in Prague

Title

Financial stability and the macro/microprudential link

Seminar type

Cross-sectoral seminar

Content

This seminar is newly designed. The exact content will be described in

the concrete seminar announcement.

15

Title

16

Sectoral Group and Conglomerates Supervision and Colleges of

Supervisors

Seminar type

Cross-sectoral seminar

Target group

The seminar is designed for staff of national competent supervisory

authorities of the European Supervisory Authorities, who are, or will be,
involved in colleges of supervisors. The seminar is particularly aimed at
supervisors from the different supervisory sectors who have only recently
started to organize colleges, or to attend them, or at supervisors that
have been involved for a longer time and would like to get inspiration and
a broader overview of the cooperation amongst supervisors in other
sectors. The cross-sector aspect will be of particular relevance to
supervisors who attend or organize cross-sectoral colleges. Supervisors
from the Single Supervisory Mechanism or from non-EEA countries, who
attend EEA colleges, are also welcome.

Objectives

The objective of this seminar is to improve the competence of participants involved in supervisory colleges be it as a home or a host supervisor, in an insurance, a banking or in a central counterparty (CCP) college.
This will be achieved not only through presentations of experts in the
field, but also through active involvement in breakout sessions and
interaction with experts of the various subject matters.

Content

Legal and regulatory background of the cooperation amongst supervisors;

Specific challenges relating to sharing and using information at colleges;
Colleges documents; ESAs templates such as college coordination
arrangements;
Information from experts who participate in home or host colleges on
practical colleges matters;
How to organize a college as group supervisor; how to provide effective
input to a colleges meeting as solo/host supervisor

Format

Lectures, panel discussion, breakout-session, case study

Duration

1 days

Organization

BaFin in cooperation with EIOPA

Trainers

Supervisory experts

Seminar fee

t.b.d.

Date(s) and venue(s)

12 13 May in Berlin

Title

Consumer Protection

Seminar type

Cross-sectoral seminar

Target group

The course is designed for newcomers and other interested supervisors

from the relevant supervisory sectors, who are currently involved (or will
be involved in the future) in Consumer Protection issues. The seminar is
open to supervisors from EEA and non-EEA countries.

Objectives

The objective of this seminar is to improve the competence of participants

professionally involved in Consumer Protection issues. This seminar offers
background information to PRIIPS and POG Principles. It provides
recommendations how to handle complaints in insurance supervision.
Supervisory experts will present the examination of prospectuses and
consumer information. They also show the Employee and Complaints
Register as an example of Investor Protection. Further, valuable insights
of dealing with the Unregulated Capital Market in Germany will be
provided by experts from BaFin. Finally, there will be room for discussing
lessons learned and possible improvements of existing regulation.

Content

The following topics will be covered and the relevant skills will be
identified and practiced:
Legal background
Information from European supervisors
Tools for effective supervision
Participants of this seminar will gain an overview of the legal background, their regulatory treatment and the application of supervisory
tools in practice.

Format

Lectures and practical examples

Duration

1 days

Organization

BaFin

Trainer

Experts from the national and European supervisory field

Seminar fee

t.b.d.

Date(s) and venue(s)

1 2 December 2016 in Berlin

17

2.4 SOFT SKILL SEMINARS

Title

18

Intercultural Competencies for European Supervisors

Seminar type

Soft skills seminar

Target group

The course is designed for European Financial Supervisors working in an

international environment and willing to acquire and improve their
intercultural communication skills in order to work more effectively with
their foreign counterparts.

Objectives

The objective of this course is to significantly improve the participants

ability to operate in a multicultural context and to help them make their
mark and convince foreign contacts; to develop their international
leadership skills.

Content

Insights and techniques to:

Be aware of the own cultural preferences
Analyze possible situations in which misunderstandings may arise and
identify ways of improving communication
Making the most of cultural differences and the added value they
generate
Reduce stress and misunderstandings in a cross-cultural environment
Profoundly understand the culture of the people with whom to interact
professionally
Anticipate and prevent breakdowns in communication stemming from
cultural differences
Identify common cultural preferences within professional/business
cultures
Develop common values to ensure effective cooperation
Acquire the tools needed to successfully work and manage within the
multicultural environment of the international playing field

Format

A mix of theory and practice, exercises, games, case studies and role plays

Duration

2 days

Organization

Oesterreichische Nationalbank, Deutsche Bundesbank

Trainers

Experienced trainers specialized in the topic

Seminar fee

900 Euro

Date(s) and venue(s)

13 15 June 2016 in Vienna

Title

Meeting Skills for European Supervisors

Seminar type

Soft skills seminar

Target group

The course is designed for financial supervisors professionally involved in

(intercultural) meeting and negotiation situations.

Objectives

This seminar has the stated objective to improve the negotiation competence
of participants professionally involved in meetings concerning their
supervision activities. It will promote greater personal self-confidence
and effectiveness. The seminar is designed specifically to negotiation
contexts relevant to supervision environments and situations.

Content

Defining your negotiation potential and scope

Working styles and cultural competence
Negotiating specifies: result, timeframes, levels of effort
Dealing with risk, uncertainty and non-negotiables

Format

Highly practical and participatory with a mix of presentations, simulation

exercises and personalized debriefings.

Duration

2 days

Organization

Deutsche Bundesbank, Czech National Bank

Trainers

Experienced trainers specialized on international meeting and negotiation

situations

Seminar fee

1.300 Euro

Date(s) and venue(s)

02 04 May 2016 in Eltville

18 20 October 2016 in Prague

19

Title

Inspection Skills for European Supervisors

Seminar type

Soft skills seminar

Target group

This seminar is meant for supervisory staff who regularly take the lead in
external supervisory discussions with institutions.

Objectives

Applying the supervisory approach model in inspection interviews

Timely steering and intervention in communication during ongoing
discussion
Effective cooperation with fellow supervisory officers during external
discussions
Dealing with dominant status behavior during interviews
Learning advanced communication skills in dealing with evasive/
reluctant behavior
Applying interview techniques to uncover and investigate

Content

Day 1: Explanation of Supervisory approach and discussion model with

relevant phases (risk identification, risk appraisal, risk mitigation)
Day 2: Practicing risk identification with role-play/actor
Practicing risk appraisal. Group exercises in reaching a joint assessment
through dialogue.
Practicing risk mitigation. Interview with roleplay/actor.
Day 3: Participants choose an individual program from a range of various
modules/sessions: personal coaching, advanced workshops, practicing role
plays with actors in order to work on personal learning objectives.

20

Format

Highly practical and participatory with a mix of presentations, role plays

with actors and personalized debriefings.

Duration

2 days

Organization

Deutsche Bundesbank

Trainers

Experienced trainers specialized on interview and inspection situations

Seminar fee

1.700 Euro

Date(s) and venue(s)

14 16 March 2016 in Eltville

14 16 September 2016 t.b.d.

Title

English & Communication Skills for European Supervisors

Seminar type

Soft skills/language seminar

Target group

Regulatory personnel including on-site and off-site inspectors, new and

experienced, specialized supervisors or other central bank/supervisory
authority employees required to communicate in both written and spoken
English in the area of bank, insurance and/or capital markets supervision.

Objectives

Examiners and inspectors are required to understand the broad range of

activities and the inherent risks that are characteristic to banking, the
insurance area and the capital markets as well as ensuring compliance
with regulation and the processes that should be in place to manage the
risks that supervised bodies encounter. This series of courses addresses
the communication skills required when carrying out these tasks in
English. As regulation and supervision throughout the EU varies from
country to country, course participants will have an opportunity to
compare professional experience and to enhance their overall capabilities
in English through intensive interaction.

Content

Terminology required by examiners in the areas of banking and finance

including licensing, loan portfolios, operational risk and internal
controls, supervising, compliance issues, disclosure, financial fraud,
sanctioning, the markets, information systems and accounting
Meeting and discussion skills on topics relevant to regulators, including
the Basel requirements, Solvency II, MiFID, European Union directives,
regulatory approach and risk fundamentals, legal issues, business
standards, current trends and issues in the markets
Writing and presenting short reports and job-relevant issues in English,
with an overall aim at communicating by using diplomatic language and
achieving the correct tone when making enquires and arrangements,
following up on and clarifying issues, filing complaints and reporting
findings.

Format

An interactive style of training will be used to learn and consolidate the

skills required on-the-job. The trainer will provide private written and
verbal individual feedback and participants will be given ample speaking
opportunities in a friendly atmosphere.

Duration

2 days

Organization

BBK, OeNB, BCL

Trainers

External trainers

Seminar fee

700 Euro

Date(s) and venue(s)

25 27 April 2016 in Luxemburg

05 07 October 2016 in Vienna

21

3. HOW TO APPLY
On its website www.ese-initiative.org ESE offers the possibility of an online registration. The registration
form can simply be accessed by choosing the item Seminars on the website, followed by the item
Online registration.

After submitting the registration the sender receives an email containing the data entered in the
registration form. However, this is not the confirmation that a participation is possible. A
message whether participation is possible will be sent out by ESE shortly after the registration
deadline has expired. This date can be found on the respective seminar announcements and in
the programme overview under the item Programme on the ESE website.

22

ANNEX 1: TRAINING STATISTICS 2015

Number of ESE member institutions

8
7
6
5
4
3
2
1
0
2009

2010

2011

2012

2013

2014

2015

Number of ESE seminars

30
25
20
15
10
5
0
2009

2010

2011

2012

2013

2014

2015

Number of ESE members and seminars since foundation

Year

2009

2010

2011

2012

2013

2014

2015

Number of ESE member

institutions

Number of ESE seminars

25

27

16

22

19

21

25

23

SEMINAR OVERVIEW

ESE SEMINARS IN 2015

Seminar title
Seminars for Banking Supervisors

11

Interest rate risk and asset-liability-management in banks

Stress testing and capital management

IFRS vs. Basel requirements for banks

Importance of the liquidity risk management for the stability of individual banks and
the financial system (jointly with EBA)

Regulatory Risk Models in Banks

New Approaches to Achieving Consistency in Supervision: Risk-Weighted Asset

Calculation and Liquidity Standards (jointly with FSI)

Cross-sectoral seminars

Group Supervision and Colleges of Supervisors (jointly with EIOPA)

Consumer Protection

Financial Conglomerates

Financial Stability, Systemic Risk and Macroprudential Policy

Securities Trading and Regulation

Soft skills seminars

Meeting skills for European Supervisors

Inspection skills for European Supervisors

English & Communication Skills for Supervisory Functions

Intercultural Competencies for European Supervisors

Total number of seminars

24

# of seminars

25

PARTICIPANT STRUCTURE

Where do ESE participants come from?

11%

Participants from ESE

member institutions
47%

42%

Participants from
institutions not being ESE
member
Participants from European
institutions with
supervisory functions

Number of participants in 2015

Participants from ESE member institutions

222

Participants from institutions not being ESE member

199

Participants from European institutions with supervisory functions

51

Which seminar type do ESE

participants choose?
Seminars for banking
supervisors

21%
48%
31%

Cross-sectoral seminars
Soft skills seminars

Number of participants in 2015

Seminars for banking supervisors

228

Cross-sectoral seminars

146

Soft skills seminars

98

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PARTICIPANTS AND INSTITUTIONS BY COUNTRY

Country

Institutions

Name of Institutions

Albania

Banka e Shqipris

Austria

24

Oesterreichische Nationalbank,
sterreichische Finanzmarktaufsicht

Belgium

26

Nationale Bank van Belgi

Bosnia and Herzegovina

Agencija za nadzor osiguranja Federacije

Bosne i Hercegovine

Bulgaria

Czech Republic

21

esk nrodn banka

Denmark

13

Danmarks Nationalbank, Finanstilsynet

Finantsinspektsioon

51

EBA, EIOPA, ESMA, European Central Bank

Finland

Finanssivalvonta, Valtiovarainministeri

France

12

Autorit de contrle prudentiel et de

rsolution, Banque de France

154

Bundesanstalt fr Finanzdienstleistungsaufsicht, Deutsche Bundesbank

Ghana

Bank of Ghana

Greece

Iceland

The Central Bank of Iceland, The Financial

Supervisory Authority Iceland

Indonesia

Otoritas Jasa Keuangan

Ireland

Central Bank of Ireland

17

Banca dItalia

Latvia

Finanu un kapitla tirgus komisija

Liechtenstein

Finanzmarktaufsicht Liechtenstein

Lithuania

Lietuvos bankas

Estonia
European Institutions

Germany

Italy

26

Participants

Country

Participants

Luxemburg

13

Banque centrale du Luxembourg, Commission de Surveillance du Secteur Financier

Macedonia

Malta

Malta Financial Services Authority

12

De Nederlandsche Bank

Norway

Finanstilsynet, Norges Bank

Poland

Komisja Nadzoru Finansowego, Narodowy

Bank Polski

Portugal

Banco de Portugal

Republic of Korea

Financial Supervisory Service

Republic of Kosovo

Banka Qendrore e Republiks s Kosovs

Romania

Banca Naional a Romniei

Serbia

Narodna banka Srbije

Slovakia

Nrodn banka Slovenska

Slovenia

19

Agencija za zavarovalni nadzor,

Banka Slovenije

Banco de Espaa

11

Finansinspektionen

Swiss Financial Market Supervisory

Authority

12

Bank of England

472

51

Netherlands

Spain
Sweden
Switzerland

United Kingdom
38 countries

Institutions

Name of Institutions

27

ANNEX 2 MISSION STATEMENT

The European Supervisor Education Initiative (ESE) is a network of European financial supervisory
authorities and central banks. It encourages financial supervisors in Europe to obtain a highlevel qualification in accordance with international standards. It supports a modular seminar
programme for banking, insurance and securities and markets supervisors at various locations in
Europe, and is aimed at strengthening cooperation between supervisory authorities through the
exchange of knowledge and the development of a shared, mutual understanding among seminar
participants. ESE thus supports the concept of a joint supervisory culture and practice in Europe.
The initiative is open to new members, who join on equal terms. We believe that training is
crucial to the success of European financial supervision.

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ANNEX 3 ORGANISATIONAL STRUCTURE

Panel

Composition and tasks

PROGRAMME COUNCIL

Chair + one representative of each

member institution
Determines strategy and issues /
content for seminars /seminar
programmes
Mandates implementation
Monitors results
Represents ESE in the public arena

Institution Representatives

BaFin

Personal
Thomas Schmitz-Lippert

Head of Division,
International Policy Affairs

BBK

Stefan Blochwitz

BCL

Norbert Goffinet

BoS

Stanislava Zadravec
Caprirolo

Head of Division On-site

Inspections and
Implementation of Basel
Standards
Chair
Head of Financial Stability
and Prudential Supervision

Vice Governor

STEERING COMMITTEE

SECRETARIAT

CNB

David Rozumek

DNB

Iskander Schrijvers

OeNB

Gabriela de Raaij

One or two representative(s) per

member institution

BaFin

Organises events in collaboration

with the Secretariat
Delegates organisational tasks to
the member institutions
Determines quality standards for
all ESE trainings
Maintains a consistent public image

BBK

Gudrun Hoyer
Johannes Engels
Sven Wirth
Monika Lenkeit
Jacqueline Greisch
Gordana Ilc-Kriaj
Milada Hrda
Carola Beers
Karin Dimter
Andreas Furm-Hazivar

Deutsche Bundesbank
Qualification and Training

BBK

Central communication hub of

the initiative
maintains uniform processes for all
ESE trainings
Analyses evaluation results from
seminars and conferences
Manages contractual and payment
settlement arrangements
Provides services to all ESE
members

BCL
BoS
CNB
DNB
OeNB

Executive Director Financial

Market Supervision
Department
Head of cluster Resolution
strategies & instruments
Head of Division On-site
Banking Inspections Division
Large Banks

Sven Wirth (Head)

Monika Lenkeit
(Deputy Head)

29

PROGRAMME COUNCIL COMPOSITION AND FUNCTIONS

The Programme Council of the European Supervisor Education Initiative (ESE) is the initiatives
highest decision-making body. Comprising a chairperson and one representative from each
member organisation, its members have gained extensive experience in financial supervision at
their institution and are charged with providing ideas for the ongoing development of ESEs
seminar programme. The chairperson represents ESE externally.
This involves maintaining contacts with institutions and fora within the European supervisory
community. The council takes all ESE policy decisions, based on a simple majority of votes cast.
On the basis of a report presented by the Steering Committee, the Programme Council determines
the issues and content that are to be included in the seminar programme. In addition to applying
its members own expertise and heeding the Steering Committees recommendations, the council
can take advice from third parties, such as institutions or authorities fulfilling supervisory tasks
in Europe, in order to inform these decisions. To this end, it is at liberty to invite guests to its
meetings, or simply ask them to attend to discuss specific items on the agenda.
The Programme Council convenes at least once a year to determine ESEs strategy and the
issues and content that will be included in the seminars and conferences in the coming year. If
a member is unable to attend, he or she can send a representative, for instance a member of
the Steering Committee. The council mandates the committee with the implementation of its
specifications and monitors the committees work on the basis of reports, statistics and evaluations
of the individual seminars.
Please refer to the Foreword to see the members of the Programme Council.
STEERING COMMITTEE COMPOSITION AND FUNCTIONS
The Steering Committee coordinates the initiatives activities and works in close cooperation
with the Programme Council and the Secretariat. It comprises one or two representatives from
each member organisation. All members should maintain close contact with their organisations
financial supervision and training/human resources divisions.
The committee coordinates all ESE seminars, although on-site organisation can be delegated to
individual member organisations following internal consultation. Moreover, it provides the
Programme Council with proposals for seminars or conferences for the following year. These
recommendations are based, among other things, on the results from evaluations of seminars
and conferences.
On the basis of a draft version compiled by the Secretariat, the committee approves the ESE
training brochure, which comprises the next years seminar programme and reviews the seminars
and conferences held in the past year.
Furthermore, the Steering Committee determines ESEs quality standards and ensures that ESEs
public image remains consistent. The committee holds regular meetings, also convening at other
times where necessary. If a member is unable to attend, he or she can send a representative.

30

MEMBERS OF THE ESE STEERING COMMITTEE:

BaFin

BBK

Gudrun Hoyer

Johannes Engels

Sven Wirth

Monika Lenkeit

BoS

BCL

Jacqueline Greisch

Gordana Ilc-Kriaj

CNB

DNB

Milada Hrda

Carola Beers

OeNB

Karin Dimter

Andreas Furm-Hazivar

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SECRETARIAT COMPOSITION AND FUNCTIONS

Sven Wirth
Head of ESE Secretariat

Monika Lenkeit
Deputy Head of
ESE Secretariat

The Secretariat is in charge of the operational

management of ESE. Working in close cooperation
with the Steering Committee, it is based at the
division Education and training at Deutsche
Bundesbank. It regularly and promptly informs
all Steering Committee members of relevant
developments with respect to ongoing preparations for seminars and conferences.

The Secretariat prepares the training brochure

and presents it to the Steering Committee for
approval. In addition to compiling and analysing the evaluation results of individual seminars it
maintains uniform processes for all ESE trainings. Furthermore, it is responsible for contractual
arrangements and settling payments connected with the seminars. The initiatives official
website (www.ese-initiative.org) is managed and kept up to date by the Secretariat, too.
In its capacity as ESEs central communication hub, the Secretariat issues e-mails to speakers,
participants and interested parties from the central e-mail address (ESE-Initiative@bundesbank.de)
given as the official contact address in all ESE publications.

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ANNEX 4: FRAMEWORK FOR COOPERATION

INTRODUCING ESE - FRAMEWORK FOR COOPERATION WITH THE EUROPEAN SUPERVISOR
EDUCATION INITIATIVE (ESE)
The European Supervisor Education Initiative (ESE) invites all institutions of financial supervision
in Europe to join its efforts of training financial supervisors with the aim of improving their
knowledge and skills and contribute to a common European supervisory culture and practice.
WHAT IS ESE?
The European Supervisor Education Initiative is a network of European central banks and financial
supervisory authorities. It encourages financial supervisors in Europe to acquire a high-level
qualification and professional skills. It offers a modular seminar programme for financial
supervisors from the banking, insurance and securities and markets sector and staff working in
related fields, and it aspires at strengthening cooperation between supervisory institutions

through the interchange of knowledge and experiences. ESE, thus, supports the development of
a joint supervisory culture and practice in Europe. The initiative is open to new members
central banks or supervisory authorities which join on equal terms.
ESE was established in 2009 as a network of Bundesanstalt fr Finanzdienstleistungsaufsicht
(BaFin), Deutsche Bundesbank, Oesterreichische Nationalbank and Goethe Business School as an
academic partner. In 2010, Banque centrale du Luxembourg became a member, Czech National
Bank an associated partner. In 2014, the Czech National Bank changed its status from an associated
partner to a membership. In addition, Bank of Slovenia joined ESE as a member. In 2015,
De Nederlandsche Bank became a member of ESE.
In ESEs organisational structure, the highest decision-making body is the Programme Council,
supported by a Steering Committee and a Secretariat to assure its operation. All ESE members
are represented within this organisational structure on equal terms.
In the seven years of its existence ESE was able to welcome 2,804 participants from an average
of 51 institutions and 32 countries per year, which gives evidence of the success of ESEs training
concept. While the courses are mainly conducted by supervisors, practitioners from the financial
industry and academics of high standing, ESE has adopted a modular approach for its training
programme to assure flexibility in absorbing new requirements, adaptability to changing
conditions and inter-changeability among participating institutions. Training is always in English
and independent from a particular location.
Every two years, ESE organises a conference on current topics in financial supervision with
high-level speakers, where trends and latest views on topics of interest are being discussed.

33

WHY JOIN ESE?

We believe that joining ESE produces significant benefits to the joining party, especially in the
long term:
ESEs website - www.ese-initiative.org is a coordinating platform for communication of training
activities.
ESE will inform potential participants through its network, which comprises financial

supervisors of all sectors Europe-wide.
ESE has achieved a unique position as a training initiative and developed its own professional
standards to ensure high quality e.g. by the use of standardised products and processes.
ESEs training modules are tailored to a European audience encouraging the interchange of
knowhow and experience among participants.
ESE offers a wide pool of qualified trainers from a variety of European institutions.
ESE assures the high quality of all its training modules through a consistent process of

monitoring, management and evaluation.
ESEs trainings always consist of a mix of supervisors from different European institutions. This
mix ensures the vivid exchange of approaches and opinions. The opportunity of social linking
is especially encouraged by the social frame programme embedded in the trainings.
ESE has developed a professional approach with regard to designing, planning, conducting and
evaluating training activities and constantly strives to improve further.
ESE operates on a cost-coverage basis and thus effectively controls financial risks associated
with its training modules and programmes for financial supervisors.
ESE holds close contacts with European supervisory institutions seeking to integrate many
views and perspectives into programme development.
ESEs experienced Secretariat professionally accompanies new members with all relevant support.
HOW TO JOIN ESE
ESE is always open to new members. Any contribution by European supervisory institutions or
central banks sharing the idea that further training is crucial for the future success of financial
supervision is highly appreciated.
ESE understands its role in offering training activities in the area of financial supervision. The
concept of ESE training allows the integration of existing local courses, and yet to be created,
training modules in a coherent fashion.
There are various forms of cooperation with ESE starting with
Personal contributions to its programme (e.g. the delegation of participants for training),
The provision of local infrastructure for seminars (broader variety of locations),
The transfer of existing local training modules under the ESE umbrella, and
Membership, which assures representation in ESEs organisational structure and in decisions
on programme development and strategical issues.

34

The specific form of cooperation with each potential partner will be defined jointly together
with ESE.
Once the decision to become an ESE member has been relayed to ESE, it will be approved by the
Programme Council. The new member will then receive a welcome letter by ESEs chairman.
Apart from this act, there is no strict registration procedure or a contract as such.
Responsibilities and rights
The features of a membership mainly refer to voting rights and the presence in ESEs committees.
All ESE members meet at least once a year to plan the programme for the following year and to
exchange recommendations and trends with regard to training of financial supervisors. Also,
strategic issues concerning ESEs future course are being discussed. Every member institution
appoints
1 person representing the member institution in the Programme Council
1 2 persons representing the member institution in the Steering Committee
While in the Programme Council the focus is on the provision of professional input for ESEs
training programme and strategic direction, the representatives in the Steering Commitee are
involved in the detailed conception, planning, the conduction and evaluation of trainings. Hence,
competencies in the field of vocational training are a valuable asset for a Steering Committee
member. The exchange among the Steering Committee members can be classified as more
frequent than in the Programme Council.
Following ESEs objective to offer training activities in the field of financial supervision, the
possible contribution linked to an ESE membership can vary from creating, organising and offering
new courses for ESEs programme (subject to the Programme Councils approval), or, merely
providing the room capacities and some organisational assistance at the chosen seminar location.
The basic contribution for a member can be defined as hosting at least one seminar per year,
while the ESE Secretariat will be of assistance.
What are the costs cooperating with ESE?
A membership fee does not occur at any time. ESE is a cooperation which operates on a costcoverage basis with no intention to make profit. The participant fees should in principle cover
all seminar costs. Each ESE member bears its own costs for its personnel involved in ESEs
activities and the organisation of trainings. The ESE Secretariat can be in charge for financial
processes related to the training (e.g. sending out invoices).
SUMMARY
The members of ESE believe that training on a regular basis is crucial to the success of financial
supervision. In our view, ESE is an attractive option to join for any European supervisory institution
committed to training. If ESE can expand its potential by integrating existing training activities,
developing new modules, formats and programmes, and attracting new members, the mission to
make a contribution to financial stability through training of financial supervisors shall be highly
rewarded. Therefore, we invite and encourage all supervisory institutions in Europe to contribute
to this mission by joining us at ESE.

35

CONTACTS
Mr Stefan Blochwitz
Chairman of ESEs Programme Council.
Stefan.blochwitz@bundesbank.de
Mr Sven Wirth or Ms Monika Lenkeit
ESE Secretariat, Deutsche Bundesbank.
ese-initiative@bundesbank.de

Version of this framework: February 2016

36