SFI Master Classes

Since the financial crisis, central banks have greatly changed and expanded the scope of their activities. Their increasing influence and the legacy of their actions raise a number of questions. One very immediate one is how much they are distorting market processes and thus also affecting asset prices. And, consequently, when and in what form a normalization of central banks' activities can be expected and what effect reductions in their balance sheets will have on markets.

Understanding the interplay between collateral and liquidity policy is essential to any debate over different tightening scenarios and their impact on financial markets. This is not limited to the activities of central banks; it also concerns commercial banks, through lending and the buying of securities. During periods of tight monetary policy, liquidity declines while risk premia rise. Depending on the scenario, a serious impact on real yields, economic development, and—ultimately and in particular—various asset classes is to be expected. Accordingly, a comprehensive understanding of what can be done, and the potential consequences, is key for the Swiss banking sector.

Objectives

• Explore how global liquidity has evolved since the onset of the financial crisis.

• Survey central bank policies on liquidity and collateral and understand their implications (e.g., in terms of market discipline and prices).

• Discuss the impact of global central bank liquidity on real yields and equity markets.

• Debate how different tightening scenarios might impact the value of various asset classes.

SFI Master Class Features and Target Audience

SFI Master Classes offer seasoned banking and finance professionals a unique opportunity to exchange knowledge and share their professional views with top-level academics and industry experts in an interactive learning environment. Master Classes incorporate hands-on group work and opportunities for discussion.

This Master Class is aimed at professionals from the financial industry who want to deepen their understanding of how central bank policies impact financial markets and who work in asset and wealth management or risk management. The format is a combination of presentations, discussions, and group problem solving.

SAQ Recertification

This SFI Master Class is an acknowledged SAQ recertification measure and comprises four learning hours for the following SAQ profiles: 

• Wealth Management Advisor CWMA

• Advisor Affluent Clients

• Advisor Individual Clients

• Certified Corporate Banker CCoB

• Advisor SME Clients

This SFI Master Class covers the aspect "industry knowledge."

Late cancellations and no-shows

If you have registered for a Master Class but are unable to attend, we kindly ask that you inform us as soon as possible. Places are limited, and late cancellations and no-shows not only prevent those on the waiting list from attending, but also result in an inefficient allocation of valuable resources. Your cooperation in communicating any unexpected changes regarding your participation at this Master Class is greatly appreciated.