Governance in financial institutions – the new EBA regulations

Governance in financial institutions – the new EBA regulations

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In September 2017, the European Banking Authority (EBA) has published the revised regulations regarding internal governance. These regulations target the further harmonization of internal governance arrangements, processes and mechanisms of institutions in the EU, in accordance with the new requirements in this area, introduced by the Capital Requirements Directive (CRD IV). The instructions must be read together with:

  • Regulations regarding remuneration policies;
  • The common EBA and ESMA regulations (European Securities and Markets Authority) regarding the assessment of the suitability of management personnel and key function holders.

The regulations promote more diverse governing bodies and as a result, contribute to the improvement of risk monitoring, to the institutions’ resistance level as well as improving the assessments of adequacy within the financial sectors of EU.
As of June 30, 2018, the EBA regulations is applicable to the competent authorities of EU and to financial institutions. The previous EBA regulations regarding internal governance (GL44) will be repealed on the same date.
This seminar has the purpose of offering an overview regarding the aspects that will be faced by a financial institution within its current activity regarding governance, remuneration and the evaluation of board members and key function holders.

OBJECTIVES

At the end of the lecture, the participants will:

  • Have adequate knowledge regarding the requirements of the new EBA and ESMA regulations focusing on Governance and the evaluation process of the management body and key function holders
  • Understand the importance of proper governance and of a healthy organizational culture
  • Have an overview of the risk culture and the manner in which it can be quantified.
  • Know the main aspects related to risk appetite, reputation and conduct risk
  • Have an overview of the remuneration rules and principles, in accordance with the EBA instructions
  • Understand the way in which technology and digitalization will impact the activity and, in particular,  the control functions of the bank

AUDIENCE

This seminar is addressed in particular to executive directors, finance directors, directors responsible with risk management, internal audit, compliance, human resources, the general secretariat and risk management specialists, as well as experts on financial supervision and stability.

CONTENT

  • Internal governance regulatory framework
  • The governance and remuneration framework
  • Roles, responsibilities and evaluation of the board
  • Risk appetite
  • Organizational and risk culture
  • Digital innovation within financial institutions:

– The risk management function of the future

– The compliance function of the future

– The internal audit function of the future

LECTURER

Irina Arsinte, CIA, CRMA

Irina is a Manager in Deloitte within the Risk and Financial Services Regulatory Department. She has more than 10 years of experience in financial institutions, both in Romania, as well as UK, where she lead and participated in numerous internal audit projects and engagements regarding governance, risk, compliance, internal control and the efficiency of processes within financial institutions. As an expert in quality assurance, she developed innovative methodologies for evaluating the efficiency and efficacy of internal audit.

DURATION OF THE LECTURE

The lecture lasts for 8 hours (7 hours net).

PERIOD

February 19, 2019, one day, from 9:00 to 17:00

Enrollment is done by filling in the enrollment form.

The Romanian Banking Institute (RBI) will organize the lecture ensuring specialized lecturers and lecture support.

At the end of the lecture, the participants will be handed a certificate issued by RBI, under the aegis of the founding members of the National Bank of Romania (NBR) and the Romanian Banking Association (RBA), with 7 CPD[1] credits.

[1] CPD = Continuous Professional Development

CONTACT

Emilia Frunză, Training Manager

Tel: 0748.886.834 e-mail: emilia.frunza@ibr-rbi.ro