After a successful inaugural year, the Central Banking and Banking Supervision (CBBS) Executive Education Programme launched its second edition on 17 September 2024 with an online orientation day. This nine-month programme—a collaboration between the European University Institute (EUI) and the European Central Bank (ECB)—is designed to equip senior and mid-career professionals with the tools to reflect on current issues critically and tackle complex challenges in central banking and financial supervision. The programme is delivered by the Florence School of Banking and Finance (FBF) and the Florence School of Transnational Governance (STG).
Building on a proven model with a comprehensive curriculum
The 2024-2025 CBBS programme brings together a comprehensive range of topics essential for central banks and supervisory authorities, from financial stability and macroprudential policies to digital finance, sustainable finance, climate and cyber risks, among others. By combining academic rigour with real-world application, the programme offers a holistic learning experience to develop future leaders within the European System of Central Banks (ESCB) and the Single Supervisory Mechanism (SSM).
On 7 October 2024, the EUI campus welcomed a diverse cohort of 50 participants from 21 ESCB and SSM institutions across Europe, representing a variety of fields and nationalities. CBBS Programme Coordinator María del Carmen Sandoval, along with STG Director Georgios Papakonstantinou, FBF Director Thorsten Beck, and ECB Head of Talent Management Division Ildikó Ráczné Szőke, greeted the new cohort. They were also joined by Frank Elderson, Vice-Chair of the ECB Supervisory Board, who shared an encouraging video message, highlighting the ECB’s commitment to nurturing leaders in banking and finance.
“It’s a unique and ambitious programme—unique in its content and format, and ambitious in its strategic aspiration for the ESCB and SSM”, said Frank Elderson.
Engagement with leading experts
Participants began with intensive residential modules on banking supervision and monetary policy, guided by distinguished academics and policy experts, including Angela Maddaloni of the ECB, Andrea Resti and Elena Carletti of Bocconi University, Gabriel Glöckler from the ECB, Thorsten Beck and Giancarlo Corsetti of EUI, and Edouard Challe of the Paris School of Economics. These sessions explored the fundamentals of monetary policy, including transmission channels, the intersection of monetary policy and financial stability, and monetary policy communication, as well as relevant topics on banking supervision such as financial risks, banks’ business models and supervisory practices, and crisis management tools.
Looking ahead
Participants will continue their studies in the coming months, delving into advanced modules covering macroprudential policies, climate risks, sustainable finance, digital assets and payments, and digital finance. They will also explore relevant emerging risks and trends in banking and finance.
The EUI-ECB partnership behind the CBBS programme represents a strong commitment to building expertise and fostering cross-institutional collaboration between central banks and Supervisory Authorities across the EU.