Regulation and supervision of non-financial risks VER20210030

Application deadline

17 September 2021


While financial risks such as credit risk and market risk have dominated supervisory attention for decades, the regulation and supervision of non-financial risks in banks began drawing more attention in the past few years. From the implementation of operational risk in the Basel II framework in 2004 to more recent initiatives such as environmental, social and governance risks (ESG risks), the regulatory landscape is starting to shift towards risks that warrant stronger management rather than hard capital requirements.

This course aims to inform about regulatory standards for non-financial risks and the treatment of these risks in banks. The presenters will include both practitioners as well as rule-makers to give participants a holistic view of the concept of non-financial risks.

Participants should be prepared to discuss initiatives in their countries and also be able to shed light on non-financial risks that are uncommon in the eurozone.


  • Overview of non-financial risks
  • Operational risk, conduct risk and compliance risk
  • Reputational risk
  • Information and communication technology (ICT) risk
  • Outsourcing risk
  • Business continuity management
  • Environmental, social and governance (ESG) risks
  • The three lines of defence concept
  • Business and strategic risk
  • Pillar II requirements for non-financial risks in the ICAAP

Target group

The course is aimed at experts from central banks and supervisory authorities involved in the implementation of Basel III and the supervision of non-financial risks, both from an on-site and off-site perspective. Participants should be familiar with the supervision policies and practices of their financial system and be prepared to actively contribute to the discussions.

Technical requirements

Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.

Online application

Please apply online by clicking on the registration button within the application period. 

Registration deadline: 17. September 2021, 23:59 p.m.