Unwinding COVID-19 Policy Interventions for Banking Systems

May 25, 2021 Online No Fee
May 24, 2021 Central Banking
English

This webinar will discuss guidance and broad principles for banking authorities on managing the exit from regulatory and supervisory measures already taken, including borrower support and bank capital and liquidity measures, as well as for prioritizing supervisory tasks during the exit process

About this learning event

The webinar will address the trade-offs entailed in unwinding decisions and steps that authorities should take when exit appears challenging and banks’ asset quality is likely to deteriorate sharply, including situations that might evolve into system-wide banking sector stress. It will advocate for quantitative analysis, including stress testing, to assess potential debtor and banking system vulnerabilities and to inform the preparation of contingency planning for bank resolution, including at the system level, as part of holistic unwinding strategies. The presenters will provide an overview of the attached note followed by comments from some pre-selected country authorities in the region and finally an interactive virtual question and answer session.

The topic of the webinar is based on a guidance note produced by IMF MCM within the Special Series on Covid-19: Unwinding COVID-19 Policy Interventions for Banking Systems.

Faculty

The presentations will be delivered by IMF experts from the Monetary and Capital Markets Department:

  • David Rozumek, Senior Financial Sector Expert, International Monetary Fund

David Rozumek is a Senior Financial Sector Expert in the Financial Supervision and Regulation Division of the MCM. He has participated in a range of missions, including as a mission chief. David specializes in the climate environmental risk agenda and represents the Fund in the Basel Committee on Banking Supervision Task Force on Climate-Related Financial Risks (TFCR).

David is an expert in supervision and regulation, with more than 20 years of experience in the area. Until 2017, he was managing the Supervision Department of the Czech National Bank, having in portfolio supervision of banks, insurers, pension funds, collective investment schemes, and other financial institutions.

Since 2011, he was a Member of the Board of Supervisors of the EBA (European Banking Authority). David was elected twice as a Member of the EBA Management Board. For three years, he was co-chairing the EBA Standing Committee on Regulation and Policy (SCRePol). He was also a Member of the EBA Mediation Panel. He was involved in international cooperation, having one of the leading roles in the coordination of the positions of the Central and Eastern European states. David holds a master's and a Ph.D. degree in economics from the Masaryk University of Brno, the Czech Republic.

  • Dermot Monaghan, Senior Financial Sector Expert, International Monetary Fund

Dermot Monaghan is a Senior Financial Sector Expert in the Monetary and Capital Markets Department of the International Monetary Fund, where he specializes in financial crisis management issues. He has been involved in front-line crisis management for over 50 country cases, including design and implementing contingency plans, crisis containment, bank diagnostics, bank recapitalization, and restructuring, and tackling high non-performing loan levels. Previously, he was Chief Risk Officer at the Department of Finance in Ireland; Head of Banking Risk Analytics at the Central Bank of Ireland; a Risk Manager at a large commercial European bank; and Chief Quantitative Analyst at an Italian hedge fund. He has a Ph.D. from the Queen’s University Belfast (UK).

  • Mihajlo Vaskov, Head of Financial Stability Unit within the Financial Stability, Banking Regulations and Resolution Department, National Bank of the Republic of North Macedonia

Mihajlo Vaskov is Head of the Financial Stability Unit of the National Bank of the Republic of North Macedonia. Spending fifteen years in the National Bank of the Republic of North Macedonia, he has obtained valuable practical experience in the field of financial stability and banking regulations. He started as a junior analyst in 2006, continuing as a senior analyst in 2012, and became an operational Head of the Financial Stability Unit in 2014, a position that he still holds in the Central Bank. Mihajlo holds a Master's degree in Monetary Economics for the master thesis: “Banking Crisis Management”.

  • Constantin Schendra, Director of Banking Supervision Department, National Bank of Moldova

Constantin Schendra is the Head of the Banking Supervision Department within the National Bank of Moldova. He has more than 18 years of Banking supervision, audit, and accounting as well as consulting experience. Constantin has a wide international experience being involved as a team leader in numerous assurance and advisory engagements in various industry sectors with some of the largest companies from Moldova, Romania, Cyprus, Russia and Central Asia. He holds the ACCA Qualification and is a member of the Association of Chartered Certified Accountants based in the United Kingdom. Constantin is also a plenipotentiary member of the Association of Professional Accountants and Auditors from Moldova (ACAP).

Who should attend

Officials working on banking regulation and supervision in central banks or other financial supervisory authorities, those from financial stability departments, and officials working on banking recovery and resolution.

Practical information

This webinar is free to join and there is no limitation on the number of participants per institution. Please feel free to bring this webinar to the attention of your colleagues who may find the discussion timely and useful for their work!

When: May 25, 2021, at 14:00 CET.  Access will possible 15 minutes before the official start. The webinar will last up to 2 hours.
Where: From the convenience of your computer or smartphone. Please note that to participate in this webinar, you need to install Webex Meetings on your computer or smartphone. This will take only a minute but may require you to inform your system administrator.
Language: English. No interpretation will be provided

Partners

This learning initiative was supported by:

International Monetary Fund