Governance and bank board

CBT Q2 2025 - Governance and bank board

Bank Board and Governance in Central Banking

Date: June 17-18 2025

Time: 9:00am - 12:00 pm (EDT) | 2pm - 5pm (BST)

Location: Virtual

Learning outcomes Download brochure

Isabela Ribeiro Damaso Maia

Head of sustainability and international portfolio investors unit

Central Bank of Brazil

Responsible for transversal sustainability intelligence at the Banco Central do Brasil (BCB), co-chairs the Working Group of Tokenization of ESG assets (part of the Real Digital Project/Drex - Brazilian CBDB), leads the BCB participation for the development of the Brazilian Sustainable Taxonomy. Isabela also leads the Bank relationship with international portfolio investors and with rating agencies for Brazil's sovereign rating assessment. With more than 25 years of experience in strategic asset allocation (SAA), advising the Board on the international reserves’ investment and on enterprise-wide risk management (RM), was responsible for the development and implementation of an Enterprise Risk Management (ERM) model at the BCB and for the Brazilian international reserves’ risk management framework. Compliance and business continuity functions at the Bank were implemented under her leadership. Technical articles on SAA and RM were published in books and journals over time. Isabela holds a BA in Statistics and an MBA in Finance.

Hans Genberg
Hans Genberg

Professor of economics and senior director of central banking and finance programs

Asia School of Business

Prof. Hans Genberg is a Professor of Economics at the Asia School of Business and the Senior Director of Central Banking and Finance Programs. He has a distinguished academic career as a Professor of Economics at the Graduate Institute of International Studies in Geneva, where he was also Head of the International Economics Department, responsible for the Diploma program, and a member of the Institute’s Executive Committee. He has also had teaching positions at the Graduate School of Business at the University of Chicago and the University of Rochester campus in Switzerland.

During his position as Professor at the Graduate Institute of International Studies, he supervised or co-supervised over thirty doctoral dissertations of students who have since held positions as Central Bank Governors and Deputy Governors, senior officials at the International Monetary Fund, the World Bank, the Bank for International Settlements, and the Norwegian Oil Fund, and academic positions at universities such as HEC Montreal, Boston College, New York University, and Wharton.

Professor Genberg has also held positions as Executive Director at the Hong Kong Monetary Authority and at the SEACEN Centre in Kuala Lumpur, Malaysia, Assistant Director at the Independent Evaluation Office of the IMF, as well as Director of the International Center for Monetary and Banking Studies and Director of Executive Education at the International Center FAME (Financial Asset Management and Engineering) in Geneva, Switzerland.

He has published over fifty scholarly papers and edited several books on issues related to central bank policy, international monetary relations, exchange rate regimes, reserve management, capital markets development, and monetary and financial issues in Asia.

Professor Genberg holds a PhD in Economics from the University of Chicago.

Agenda and Programme Outline

14:0014:15

Chair Welcome & Introductions

14:00 - 14:15

  • Welcoming all the participants and setting objectives for the course
  • An overview of what is going to be covered over the next two days

14:1515:30

The role of maintaining central bank independence and board oversight

14:15 - 15:30

  • Navigating operational independence & accountability as mutual enablers
  • Key priorities in safeguarding central bank independence
  • The role of boards and committees in overseeing operations and accountability
  • The need for strong board oversight – a sound governance indicator 

15:3015:45

Quick break

15:30 - 15:45

15:4516:45

Balance sheets and financial statements

15:45 - 16:45

  • Understanding the key components of the balance sheet
  • The critical of financial reporting and reporting standards
  • Balance sheets as an ultimate means of settlements and its importance in providing trust and stability in the economy

16:4517:00

Key takeaways and Chair closing remarks

16:45 - 17:00

14:0015:00

AI, Fintech and digital Innovations in central banking

14:00 - 15:00

  • The rise of AI, tokenisation and digital assets in a new era of financial innovation
  • Latest fintech developments and what we have learned from CBDCs so far
  • Questions around regulation and building robust supervisory frameworks
  • What board members need to know 

15:0015:15

Quick break

15:30 - 15:45

15:1516:15

Why bank boards should recognise the importance of having a robust sustainability and ESG agenda

15:15 - 16:15

  • Defining ESG strategy and objectives for enabling central banks to build a sustainable growth strategy
  • Taking into account sustainable considerations and setting up channels for growth such as sustainable reserve investments, etc.
  • The need for regulators to assess climate risks in overall financial stability
Isabela Ribeiro Damaso Maia

Head of sustainability and international portfolio investors unit

Central Bank of Brazil

Responsible for transversal sustainability intelligence at the Banco Central do Brasil (BCB), co-chairs the Working Group of Tokenization of ESG assets (part of the Real Digital Project/Drex - Brazilian CBDB), leads the BCB participation for the development of the Brazilian Sustainable Taxonomy. Isabela also leads the Bank relationship with international portfolio investors and with rating agencies for Brazil's sovereign rating assessment. With more than 25 years of experience in strategic asset allocation (SAA), advising the Board on the international reserves’ investment and on enterprise-wide risk management (RM), was responsible for the development and implementation of an Enterprise Risk Management (ERM) model at the BCB and for the Brazilian international reserves’ risk management framework. Compliance and business continuity functions at the Bank were implemented under her leadership. Technical articles on SAA and RM were published in books and journals over time. Isabela holds a BA in Statistics and an MBA in Finance.

16:1517:00

Workshop and case-study

16:15 - 17:00

"The challenging and volatile global economic environment makes it vital for central banks to have the best possible mechanisms to run their own affairs. Both to preserve their independence and to ensure that they are functioning as well as they can, central banks need robust and effective internal decision-making processes."

- Governance Benchmarks 2025, Central Banking 

Learning outcomes for you:

  • Build your understanding of current best-practice governance frameworks used by central banks and their practical application
  • Enhance your ability to lead the organisation as an effective member of the board
  • Learn the importance of the role of central bank balance sheets, financial reporting as critical areas of a central bank’s performance
  • Gain a detailed understanding of the new digital boom central banks are facing in fintech, AI, digital currency and other digital assets
  • Learn more about central bank independence and accountability
  • Gain a greater understanding of future challenges and opportunities for central banks as leading board members

Learning outcomes for your organisation:

  • Establishing a strong and sound governance structure right from the board level of your central bank
  • Board members would be better prepared to deal with challenges and identify new opportunities in central banking
  • Building a strong growth strategy from a top-down approach for effective central bank functioning
  • Your institution is ready to face challenges in a growing technological world with new innovations in fintech, AI and digital assets
  • Ensuring your institution maintains an effective and responsible approach to managing capital, risk, sustainability and regulation
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