About this learning event

This event was designed to encourage a cross-country sharing of operational experience between practitioners engaged in safeguarding financial stability. The learning approach combined topical presentations by leading central banks and international financial institutions active in the region with an interactive case study exercise. Through the latter, participants were invited to work in teams where each team took up either the role of a central bank, financial supervisory agency or ministry of finance to demonstrate the different perspective these institutions play in the policy coordination.

This allowed participants to experience first-hand the challenges of policy coordination across institutions that share a common overall objective but face a diverse set of day-to-day policy preferences and constraints.

What was covered

The discussion covered issues such as:

• allocation of financial stability responsibilities across EU accession candidate countries
• recent developments in macro-prudential policy and financial stability in the EU
• identification of risks to financial stability and instruments to mitigate these risks
• issues in designing a prudential framework and associated financial stability challenges
• areas where monetary, fiscal, and supervisory policies directly impact financial stability
• parameters and modalities for policy collaboration and exchange of information

Who attended

The workshop was designed for officials who interact with other economic and financial agencies and policy advisers in units responsible for policy planning and coordination. Experts, working in ministries of finance, central banks and supervisory authorities were participating at the learning event.

More photos of the event:

https://cefbox.cef-see.org/index.php/apps/gallery/s/qjChXOfBs0eVr4x

Faculty

Petr Jakubik, Financial Stability Team Leader, EIOPA

Petr Jakubik leads the Financial Stability team at the European Insurance and Occupational Pensions Authority (EIOPA). With the team he deals with macro-prudential analyses, research and development in support of strategic objectives and the work program across insurance and occupational pensions sectors. Previously an economist, technical adviser and financial stability consultant at various institutions such as the European Central Bank, the Bank for International Settlements, and central Banks in Austria, Malta, the Czech Republic and the Bank of Finland, Petr regularly offers training on financial stability issues across a variety of international fora. He is habilitated as an associate professor in economic theories by the Charles University in Prague, currently also lecturing at the Charles University in Prague and the University of Finance and Administration in Prague. He holds doctoral degrees in finance and in economics, masters in economics, statistics and insurance, as well as mathematics and computer sciences and draws on a strong policy-relevant publication record. Petr received the Financial Stability Institute Award 2008 and Irving Fisher Committee Award 2010 of the Bank for International Settlements. In 2012-2013, he was the President of the Czech Economic Society.

Dejan Šoškić, Full Professor, University of Belgrade (EFB)

Dejan is an Economist and Professor at Faculty of Economics in Belgrade (EFB), where he teaches Financial Markets, Securities Investments, Economic Statistics, Portfolio Risk Analysis, and Derivatives. At his graduation, he was awarded best student of his generation by University of Belgrade, where he also received his M.A. in Monetary Economics and Banking and Ph.D. in Finance in 1999. Dejan has also been teaching courses in the field of Banking and Finance on undergraduate and graduate level at e.g. University of Nebraska at Omaha, USA (2002), Summer University of Wirtschaftsuniversität Wien (2008-2010), and Master in Banking and Entrepreneurship organized by Unicredit Group in Italy (2005-2013). As a Fullbright scholar, he had a series of guest lectures at University of New Heaven, University of Rhode Island, and University of California at Berkeley. He has been a President of the Commission for graduate studies in foreign languages at EFB, President of the Commission for foreign graduate validation at EFB, and Vice Dean for research at EFB (2004-2006).

He served as Governor of the National Bank of Serbia from 2010 to 2012. He also headed a research project financed by Ministry of Science and Technology of the Republic of Serbia: “Development of financial markets in the Transition of the Economy of Serbia”.

Partners

This learning initiative was supported by: