2020 - bank indonesia · mr. sugeng (deputy governor) mr. perry warjiyo (governor) 1 1 3 2 2 4 mr....

2020

FLAGSHIP PROGRAM CATALOGUE

Bank Indonesia Board of Governor

Mr. Sugeng (Deputy Governor)

Mr. Perry Warjiyo (Governor)

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2 4Mr. Erwin Rijanto (Deputy Governor)

Mrs. Rosmaya Hadi (Deputy Governor)

Mrs. Destry Damayanti (Senior Deputy Governor)

Mr. Dody Budi Waluyo (Deputy Governor)

Bottom row, from left to right

Top row, from left to right

CONTENTSFROM THE GOVERNOR 02HEAD OF BI INSTITUTE’S MESSAGE 03BI INSTITUTE 04

OVERVIEW 06ORGANIZATION 08CURRICULUM 10RESEARCH 11

WELCOME TO INDONESIA 12FLAGSHIP PROGRAM 2020 14

DATE OF EVENT 14STATISTICS 15INTERNATIONAL FLAGSHIP PROGRAM 2020 16NATIONAL FLAGSHIP PROGRAM 2020 31

LOGISTICAL ARRANGEMENT 34

PUBLICATION 35GALLERY 2019 36

“The roots of education are bitter but the fruit is sweet”

Aristotle

Flagship Program Catalogue 2020

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FROM THEGOVERNOR

Entering 2020, the dynamic of the global economy remains a challenge for the national economy going forward. The ongoing trade war combined with anti-globalisation sentiment, are taking precedence along with escalate inward-looking policies between the United States and China as well as several other countries. In the other hand, Brexit issue in the UK has reached an impasse, while other geopolitical risks continue to emerge. At the same time, economic and financial digitalisation is taking place rapidly - bringing with it all the benefits and risks - penetrating various economic segments with bigtechs increasingly taking control. This current phenomenon of diminishing globalisation coupled with increasing digitalisation is expected to persist into 2020 and beyond. Consequently, we must consider such phenomenon by strengthening resilience and national economic growth.

One of the strategies that needs to be carried in order to strengthen the economic resilience and growth is through the enhancement of human resource capabilities in line with the nation’s main priority. This strategy is also in line with our vision to provide a tangible contribution to the national economy and to become the best central bank amongst emerging markets. For this reason, Bank Indonesia continuously strengthens our human resources through learning and research programs and activities.

As the learning and research arms of Bank Indonesia, Bank Indonesia Institute focuses on two main strategic areas: 1) to the manifestation of Bank Indonesia as a learning-based organization that guarantees its human resources to have the best competence and expertise, and able to anticipate and respond to the increasingly difficult and complex challenges ahead; and 2) to make Bank Indonesia Institute as the world class learning and research institute in the economic and financial sectors. The implementation of these strategic area is supported by Bank Indonesia Institute’s

achievements in obtaining the accreditation of Corporate Learning Improvement Process from the European Foundation Management Development and Scopus index for Bulletin of Monetary Economics and Banking.

Bank Indonesia Institute learning programs are designed based on central bank’s competency dictionary that have been compiled to address the current needs in the Industry 4.0 era. Hence, our learning modules have been arranged based on how they address central bank’s competency needs. Several new moduls have also been added to improve the competency and capabilities of central bank’s employees on current issues in digital era, including: digital economy, cybersecurity, big data analysis, and digital innovation. Enhancement are also being made in the form of various learning delivery methods such as e-learning, videos, and case studies.

We believe these initiatives will support the development of top-nocht human resources in economic and financial sectors with leadership spirit, as the solid foundation for Bank Indonesia in contributing to the national economy and reinforcing the role of central bank in every essence of the nation.

May God always preserve and bless all of our efforts.

Jakarta, January 2020

Dr. Perry Warjiyo

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HEAD OF BI INSTITUTE’SMESSAGE

To support the national development goals in escaping the middle income trap, BI implements the policy mix to maintain macroeconomic stability and promote economic growth momentum. The policy mix implemented by BI has been proven to overcome economic turmoil and global uncertainties. It is undeniable, behind these achievements there is the role of competent human resources that able to adapt to the development of a very dynamic era, or known as the TUNA era (Turbulence, Uncertainty, Novelty, and Ambiguity).

To answer this challenge, BI Institute consistently supports competency development for central bankers. Hence in our 2020 Flagship Catalogue, we offers several new courses to cover the need for new must-have competencies for future central bankers such as statistics for digital economy, managing capital flow, and managing technological risk. We believe our flagship program participants would benefited in learning and discuss these subjects together in collaborative and supportive learning environment with fellow central bankers from all over the world.

We also made several innovations to develop learning culture for both internal and external stakeholders through adaptation of new learning methods and enhancement of our learning infrastructure. We have embraced various new approach in learning delivery, we utilizes board games, moot court, simulations, and case studies as part of our experiential learning method. As result, in 2019 BI Institute receives CLIP accreditation as international recognition for learning organization from EFMD.

All the above mentioned achievements would not have been possible without a solid synergy with our partners in learning development, ranging from fellow central banks, universities, government institutions, and international organizations. We hope this great collaboration would brings valuable takeaways and benefits to all parties involved.

Jakarta, January 2020

Dr. Solikin M. Juhro


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ABOUT BI INSTITUTE

ContactsTelp 131 (pulsa lokal), 1500131 (dari luar negeri),www.bi.go.id

BI Institute OverviewOrganizationCurriculumResearch Yogyakarta

Bank Indonesia Representative Office

Over the past decade, the global and domestic economic changes have appeared to accelerate. Apropos the recent economic gyrations, various countries, including Indonesia, are compelled to adapt when strengthening and honing their policy effectiveness. These changes in the global and domestic economic landscape demands central banks to be more proactive to achieve their goals. To that end, a solid policy strategy and institutional strengthening are required, backed by a center of advancement that is responsible for research, education and leadership development.

In response to those challenges, improving human resources quality is a mandatory step in lead the national economy. Human capital management must therefore produce professional and competitive leaders with economic insight who can overcome the future challenges. For this reason, BI Institute was established in 2015 as the embodiment of BI’s passion to be a credible institution and the best central bank in the emerging market by strengthening through the development of competent human resources.

Becoming a prominent world-class learning and research institution that strategically contributes to fostering the quality and dignified human resources and being able to realize a just and prosperous nation.“

Vision “

BI INSTITUTE OVERVIEW

Solo - Central JavaBank Indonesia Representative Office

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4 PILLARS OF BI INSTITUTE

LEARNING

PARTNERSHIPRESEARCH

PUBLIC EXPOSURE

BI Institute provides learning programs to enhance human resource competence in the area of central banking, management, and leadership skills. Our blended learning approach combines lectures, experiential learning (i.e. case study, role play, simulation), and project assignment which suited adult participant’s learning style.

As part of our commitment to ensuring the delivery of world-class learning and research institution, BI Institute became the first central bank to received international accreditation for Corporate Learning Improvement Process (CLIP) as the highest accreditation from European Foundation for Management Development (EFMD).

BI Institute develops and updates its learning curriculums, making it in line with the national economic challenges, through the most updated and strategic researches related to the field of monetary-macroeconomic, financial system stability, market, payment system, currency management, and managerial-leadership. We also carry out researches at BI Institute in order to support BI’s and national policy formulation.

In July 2019, our flagship journal, the Bulletin of Monetary Economics and Banking (BMEB) has been accepted for inclusion in Scopus.

In order to increase the public and employee’s knowledge in facing global competition, BI Institute provides public and reasearch library in our head quarter in Jakarta. Our library is specially developed to aid in various faculty research and scholarly pursuits especially regarding macroeconomic issues and central bank policies. In accordance to library management system, our library has been certified in ISO 9001:2015 based on Berau Veritas Certification Holding SAS – UK Branch audit result.

BI Institute nurtures partnership with renowned local and international institutions in order to support the quality of learning programs and increase BI’s human resources exposure on the global stage. Some of BI Institute’s learning programs are open for external stakeholders as series of seminars and workshops, presenting prominent local and international speakers to provide fresh insight and encourage fruitful discussion to resolve economic as well as global and national issues and to respond to the challenges face by national economy.

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Honorary Board provides strategic advice to BI Institute on key issues related to the dynamics of domestic and global economy, leadership, as well as other central bank related issues. Honorary Board members consist of BI Governor and prominent external figures with highly acknowledged reputations both nationally and internationally.

ORGANIZATION

HONORARY BOARD

Honorary Board Members:

1. Perry Warjiyo2. Boediono3. J. Soedradjad Djiwandono4. Agus. D.W. Martowardojo

5. Muhamad Chatib Basri6. Andrew Sheng7. Hal Christopher Hill8. Zeti Akhtar Aziz

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Honorary Board

Advisory BoardHead of BI Institute

BI Institute Research Center

Research Specialist : 1. Macroconomics and Finance2. Financial System Development3. International and Development Economics

Academy of : 1. Macroeconomic, Monetary, & Market2. FSS, Payment System, Currency Mgt3. Leadership& General Mgt.

Academic Development Group

ResearchPlanning,

Monitoring, & Publication

Research Scholar Faculty Member

Learning & Knowledge

Management

Learning Program

Implementation

Library & Public

Exposure

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ADVISORY BOARD

Advisory Board provides advices in interpreting the strategic directives of the Honorary Board meeting and provides suggestions towards the research and learning program of BI Institute.

Advisory Board members consists of the appointed head of Departments (ex-officio):1. Deputy Governor in charge of BI Institute2. Head of Economic and Monetary Policy

Department 3. Head of Macro-prudential Policy Department4. Head of Payment System Policy Department5. Head of Human Resources Department 6. Head of Strategic Management and

Governance Department7. Head of Regional Offices

FACULTY MEMBER

Faculty members provides feedback on how to formulate the curriculum and the syllabus as well as carries out teaching activities to support BI Institute’s Learning activities aside from teaching support and preparation of teaching materials.

Faculty Members consist of appointed experts in the field of monetary-macroeconomic sector, financial system stability, market, payment system, rupiah currency management, and managerial-leadership.

RESEARCH SCHOLARS

Research Scholars conduct research projects that have been commissioned and/or approved by BI Institute. Research Scholar consist of qualified and recognized academician, expert, and practitioners in central bank related fields.

Medan - North SumateraBank Indonesia Representative Office

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CURRICULUM

LEARNING PROGRAMS

Our curriculum is designed to suits the needs of technical and managerial competencies for central bankers according to their specialization and job family. Our comprehensive learning programs covered central bank related fields including macroeconomic, monetary, market, financial system stability, payment system, currency management, and policy mix. It is continuously updated in line with the latest developments and strategic issues to ensure high quality teaching materials.

On BoardingProgram

CareerAdvancement Program

CompetenciesDevelopment Program

Career TransitionProgram

PartnershipProgram

Education programs to prepare new recruits with the necessary knowledge and skills for seamless integration into BI.

Special program given to the potential employees for higher level positions. The program combines substance, managerial and leadership materials in line with employee’s designated position.

A program to equip employees with technical, managerial and leadership competence in line with the assigned job family.

Special program provided to employees on special task or assignment, including for employees entering retirement period.

Our signature learning programs which are open for external stakeholders. The programs are carried out in cooperation with various prominent institutions, including central banks, international organizations, as well as domestic institutions.

1. Learning programs are aimed to balance development in central banking, general management, and leadership competencies.

2. Learning programs are supported by prominent lecturers, from academicians, regulators, practitioners, and experts.

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RESEARCH

Policy Research

LearningResearch

Frontier Research

Policy Innovation

AdvancedLearning

Integrated Policy

Learning

LEARNING RESEARCH

FRONTIER RESEARCH:

Research to explore strategic issues in central bank studies (past and current perspective), focused on academic aspects.

Research on strategic issues on structure, fundamentals, and policy framework for the economy, with focus on sustainable economic development.

Research output will be used for developing institutional memory and as reference for advanced learning programs.

Encourages discussion for development of new paradigm, approach, and perspective on theoritical and empirical analysis as well as policy innovation.

Conducted by BI Institute internal researchers, research scholars, and faculty members.

Conducted by BI Institute internal sesearcher, research scolars, research grant receivers, institutional researcher and also BI doctorate candidate.

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WakatobiSouth East Sulawesi

Mount BromoEast Java

WELCOME TO INDONESIAThe largest archipelago in the world, range from Sabang in Aceh to Merauke in Papua, Indonesia is made up of thousands of large and small islands, connected by the strait and sea. Indonesia has many wonderful spots especially in the sector of the beach, due to its geographical position in parts of the equator. Many beaches in Indonesia are categorized as the most beautiful beaches in the world.

Indonesia is also rich in culture, various tribes living in Indonesia with harmony and peace, each tribe has its own characteristics that make cultural diversity in Indonesia, besides Indonesia also has a distinctive culinary in each territory.

Ulun Danu TempleBali

Labuan BajoEast Nusa Tenggara

Borobudur TempleCentral Java

FLAGSHIP PROGRAM 2020:DATE OF EVENTS

International Flagship ProgramNo Tema Partners Area Date Location

1 Current Issue on Technological Risk In Financial System

Toronto Centre

Financial System Stability/ Payment Systems

24-28 Feb Bali

2 Central Bank Policy Mix: Issues, Challenges, and Policy Response

IMF, CBRT, BI Macroeconomics/ Monetary/ Market

1. 6-9 Apr2. 6-9 Jul

1. Jakarta2. Istanbul

3 SEACEN Course on Capital Flows Management & Capital Account Liberalisation

SEACEN Macroeconomics & Monetary Policy Management (MMPM)

13-17 Apr Bali

4 SEACEN Seminar on Fintech Regulation* SEACEN Financial System Stability/Payment Systems

22-24 Jun Yogyakarta

5 SEACEN Course on Modern Approaches to Monetary Policy**

SEACEN Macroeconomics & Monetary Policy Management (MMPM)

29 Jun-3 Jul Jakarta

6 Current Issues in Central Bank Statistics: Value Creation and Capture in Digital Economy

IMF, OECD, central banks

Macroeconomics/ Monetary/ Market

7-9 Jul Bali

7 Enhancing Payment System for the Digital Age and the role of Fintech

BOE Payment System TBA Bali

8 Current Issue in Financial Market and Reserve Management

EPM Macroeconomics/ Monetary/ Market

21-23 Jul Bali

9 Accelerating Impact Investing In Indonesia: Creating an Enabling Environment

International Institution

Leadership 4-5 Aug Bali

10 The 14th Bulletin Of Monetary, Economics, & Banking (BMEB) International Conference & Call For Paper

APAEA & Universities

Macroeconomics/ Monetary

27-28 Aug Balikpapan

11 Banking and Treasury Operations:Opportunity, Risk & its Mitigation

International Institutions

Payment System 8-10 Sep Yogyakarta

12 Financial Reporting For Central Bank Transactions: Central Bank Foreign Exchange Transaction

IMF, ECB General Management 21-24 Sep Bali

13 Risk Management in Central Bank & Public Institution

IMF, others General Management 19-23 Oct Yogyakarta

14 Digitalization and Automatization of Currency Management


Payment System 13-15 Oct Bali

15 The 6th International Islamic Monetary Economics and Finance Conference (IIMEFC)


Macroeconomics/ Monetary

27-28 Oct Jakarta

16 SEACEN Course on Financial Stability & Macroprudential Supervision***

SEACEN, Banque de France

Financial System Stability 2-6 Nov Bali

17 Consumer Protection and Data Privacy in Digital Era


Financial System Stability/ Payment Systems

9-13 Nov Bali

* back-to-back with SEACEN Directors of Supervision (DOS), 25-26 June 2020** back-to-back with SEACEN Directors of Research & Monetary Policy, 6-7 July 2020*** back-to-back with Macroprudential Seminar, 7 November 2020

National Flagship ProgramNo Tema Partners Area Date Location1 Presidential Lecture / BI Leadership Forum Prominent

SpeakerLeadership 23 October Jakarta

2 Regional Economic Leadership APEKSI, APKASI, ADKASI, ADEKSI

Leadership 1. August2. November

Jakarta

Date of event and date of registration are subject to change.

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STATISTICSIn carrying out the flagship programs, Bank Indonesia partnered with various prominent institutions internationally and domestically, including international organization such as the SEACEN Centre and IMF.

The flagship programs are aimed at the mid-to-senior level officials internally and open to external stakeholders by invitation.

Since its inception in 2016, a total of 872 external participants from 69 countries have participated in Bank Indonesia’s flagship programs, ranging from central banks colleagues in the region, as well as ministries, private sectors and academicians within the country. In 2019, 232 delegates from 36 countries were recorded as participants in various flagship programs, mainly coming from the Asia region.

As part of a coordinated effort to promote tourism industry, the flagship programs are being held in the major tourist cities in Indonesia.

73%

8%

9% 54%

82%

10% 30%

8%

5%

6%

3%

8%

4%DOMESTIC

Bank Indonesia 68%

Domestic Stakeholder 32%

INTERNATIONAL

46%

54%

Central Banks

Private Sectors

Bali

Asia

Gov. Institutions Yogyakarta

Jakarta

Oceania

Europe

Africa

Others

America

Others

Program Participants by Sector

Program Participants by Origin

Program Location

International Participants

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INTERNATIONAL FLAGSHIP PROGRAM 2020

Bandung - West JavaBank Indonesia Representative Office

“A well-educated mind will always have more questions than answers.”

Helen Keller

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CURRENT ISSUE ON TECHNOLOGICAL RISK IN FINANCIAL SYSTEM

Objectives

By the end of the program, participants should understand the growing complexity of technological vulnerabilities, the development of digital economy, as well as critical supervisory concerns on technological risk. Participant should be able to explain technological risk assessment and risk management; be able to explain IT governance and IT policy for technological specific risks; know how financial institution manage the technological risks; know the concept of business continuity management; understand the emerging fintech risk management, regtech and suptech concept, cybercrime, and cyber security in this emerging digital era.

Target Audience

This program is designed for middle-to-senior level central bankers/monetary authority/financial supervisory authority engaged in the supervisory and oversight of information technology and related operational risks.

Description

This program is designed to impart a comprehensive perspective on the origin and drivers of various information technology (IT) risks as well as the identification, assessment, and management of these risks. The program includes review of industry practices on IT Governance to manage and mitigate the IT risks and challenges in this digital economy and the FinTech era. More importantly, this program also provides a comprehensive understanding of prudential RegTech and SupTech including risk management practices that are aligned with international standards. This is a highly interactive program and through the use of real-life risk management case studies on information security, cybercrime and cyber security, IT outsourcing, business continuity management practices, risks underlying data integrity, emerging FinTech risks and attendant risks, also the RegTech and SupTech issue in international best practice. It aims to provide participants with a practical approach to enhancing supervisory capacity in the area of technological risk management.

Main Topics

1. Identification of Technological Vulnerabilities 2. Technological Risk Assessment and Risk

Management3. Best-practice Technology-risk management

on Financial Institution4. IT Governance, IT Policy, and Business

Continuity Management5. Emerging Fintech Risk Management6. Regtech principles, concept, framework in

international perspective 7. Suptech topology and tools hierarchy in data

collection and data analytics 8. Data Integrity Risk Management9. Cybercrime, Cyber Security, and Information

Security10. IT outsourcing

Program InformationDate : 24-28 February 2020Partner : Toronto Centre

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CENTRAL BANK POLICY MIX: ISSUES, CHALLENGES, AND POLICY RESPONSE

Objectives

Upon completion of this program, participants are expected to:1. Understand the problems and complexity

faced by central bank particularly after the global financial crisis.

2. Understanding new paradigm and framework of central bank policy mix.

3. Able to develop optimal mix of policy mixes based on economic conditions.

Target Audience

This program is designed for middle-to-senior level official from central banks and related institutions working on formulating and implementing monetary policy, macroprudential policy and other related area on macroeconomics and financial stability.

Description

This workshop provides an examination of policy perspectives on the linkages between monetary and financial stability, including their dynamic interactions, source of pressures, policy strategies, and institutional implications. The workshop will equip participants with overview of the role, objectives, and lessons for designing financial system stability analysis and macroprudential policy in light of the global financial crisis. Participants will also learn issues on monetary theory, policy frameworks and exchange rate concepts, and measurement enriched with exchange rate policy. The workshop will be enriched with group work and discussion on policy mix case study.

Main Topics

1. New Framework on Central Bank Policy Mix2. Holistic approach to Financial Stability Analysis

(FSA)3. Macroprudential Policy in Light of The Global

Financial Crisis4. Architecture of Macroprudential Policies5. Macro-Financial Surveillance 6. Experiences of Central Bank Policy Mix

Implementation 7. Central Bank Policy Mix: Case Study

Program InformationDate : 6-9 Apr (Jakarta), 6-9 Jul (Turkey)Partner : IMF, Central Bank of the Republic of Turkey (CBRT), Central Bank Partners

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CENTRAL BANK STATISTICS: VALUE CREATION & CAPTURE IN DIGITAL ECONOMY

Program InformationDate : 7-9 July 2020Partner : IMF, OECD, Central Bank Partners, International Institutions

Description

The rapid spread of digital technologies advances has transformed economic and social activities. The digitalization process of economic activities are essentially driven by the ability to collect, store, analysis and transform massive amount of machine-readable information or digital data on all aspects of life. The expansion of the digital economy creates new economic opportunities and social outcomes. However, recently, the benefits of digital economy concentrated only on certain individuals, companies and countries.

Nonetheless, the fast-evolving digital transformation will affect all countries, sectors, and stakeholders. Nowadays, the world is still characterized by a yawning gap between under-connected and hyper-digitalized countries. In order to secure the inclusivity of build up digital economy in the global as well as country level, it calls for unconventional economic thinking and policy analysis to redefine digital development strategies and future contours of globalization.

Main Topics

1. Recent Trends in the Digital Economy: The Growing Power of Digital Platform

2. Drivers of Value Creation and Capture in Digital Economy: Turning Data into Digital intelligent

3. Challenges on Measuring Digital Economy and Its Value Creation and Capture

4. The Risks of Digital Economy: Cyber Security and Data Protection

5. New Policies and Regulations to Secure a More Equitable Distribution of Digital Economy Benefits

Objectives

Upon completion of this program, participants will be able to understand: 1. The global trends and strategic issues of digital

economy for developing countries.2. The current development of statistical

measurement of digital economy initiatives.3. The need of enhancing national readiness to

create and capture value in digital era.4. Different policies options and practices aimed

at benefiting from the digital economy.5. The opportunities and challenges to secure

equitable distribution of digital economic benefits.

Target Audience

This program is designed for middle-to-senior level economists and statistician from central banks and regulatory authorities. The participants are expected to have advanced degree in economics, mathematics or statistics.

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FINANCIAL TECHNOLOGY AND PAYMENT SYSTEM

Objectives

1. Provide better understanding of the role of digital technology in achieving financial innovation in SE Asia, including smart accounting and contracts, crowd-sourcing, and funding.

2. Explore the growing use of blockchain technologies that allow faster, more flexible and secure payments systems, sharing experiences and expertise among peers in SE Asia.

3. Explore the scope for digital technology to promote financial development and inclusion.

4. Discuss appropriate regulatory and public policy responses to Fintech, including correspondent banking relationships.

Target Audience

This program is designed for middle-to-senior level officials from regulatory agencies and policy-makers from central banks in the Asian region with interests in payment system, macroprudential policy and financial stability.

Description

Central banks are now coming to grips with the true implications of FinTech. Once thought only to be applicable to the private sector, FinTech is now being seen as a way to help banks do what they are already doing, but more efficiently, meaning serious reconsideration of the way that payment and settlement systems operate. However, the nature of decentralised technology creates issues around integrity and anonymity. With these consequences, central banks need to ensure that these issues are dealt with before FinTech can be introduced as a replacement of already existing systems.

This program aims to equip central bankers with the tools they need to tackle these issues and develop their policy frameworks.

Program InformationDate : TBAPartner : Bank of England

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CURRENT ISSUES IN FINANCIAL MARKET AND RESERVE MANAGEMENT

Objectives

Upon completion of this program, participants should be able to:1. Understand recent developments of global

financial market and its implication to reserve management.

2. Understand recent trends and best practices in reserve management.

3. Utilize information on financial market developments and trends in order to analyze and manage reserves as well as formulating investment decision.

Target Audience

This program is designed for middle-to-senior level officials involved in reserve management process from central banks and other related regulatory authorities.

Description

Reserve management is a part of central bank’s monetary policy implementation in order to ensure that adequate official public sector foreign assets are readily available to and controlled by the authorities for meeting a defined range of objectives for a country or union. Recent global economic dynamics add challenges to central banks in managing their reserves. For this reason, portfolio managers need to understand recent developments of global financial market and trends in reserve management practices in order to manage reserve portfolio with optimal risk and return.

Main Topics

This course is designed to understand recent developments of global financial market and its implication to reserve management. Also covers recent trends and developments of international guidelines in reserve management.

Program InformationDate : 21-23 July 2020Partner : Financial Market Practitioner, Central Bank Partners, International Institutions

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ACCELERATING IMPACT INVESTING IN INDONESIA

Objectives

1. Raise awareness & build understanding of how impact investing and social finance can be a tool for sustainable development in the Indonesian context

2. Catalyze collaborative discussion between national leaders, multilateral and donor country organizations, and private sector actors

3. Creating opportunity for Impact Investor and Impact Enterprise to explore opportunities in Indonesia.

Target Audience

1. Impact Investors, Development Institutions.2. Regional Central Bankers.3. Mayor and vice mayor, regent and vice-regent,

regional and municipal council.4. Heads of BI Regional Office and other BI

participants.5. Other related Government Officials in

Indonesia6. Impact Enterprises & Private Sector CSR

Program7. Other related Private Sectors

Description

Achieving inclusive growth is an opportunity not to be missed, with the potential for Indonesia to become the largest digital economy in ASEAN and the world’s 4th largest economy overall. In order to realize its potential, national leaders, multilateral stakeholders, private sector businesses, and new players within the impact economy as a new source of growth, must come together to collaborate and capitalize on opportunities for sustainable development.

Main Topics

This 2 days event will discuss how we can collaborate together to co-create a conducive environment for impact investing to unlock new resources for sustainable development, and create a resilient future for the country and region.

Program InformationDate : 4-5 August 2020Partner : International Institutions

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THE 14TH BULLETIN OF MONETARY, ECONOMICS, & BANKING (BMEB) INTERNATIONAL CONFERENCE

Description

Bulletin of Monetary Economics and Banking (BMEB) is BI’s international peer-reviewed journal, first printed in 1998. BMEB publishes high quality empirical, methodological, and theoretical studies covering macro and monetary economics, banking, financial system stability, and payment system. In 2020, BI is pleased to host the inaugural international BMEB conference in collaboration with the Asia-Pacific Applied Economics Association (APAEA).

Papers presented at the conference will be eligible for publication in SCOPUS journals (Asian Development Review, Studies in Economics and Finance, and Journal of Central Banking Theory & Practice through standard journal review process), including BI’s flagship journal, the Bulletin of Monetary Economics and Banking.

Topics

General topics of interest relate to, but not limited to:1. Global Economic Landscape Shift2. Macroeconomic Dynamics3. Macro-Financial Linkage4. Post-GFC Policy Implication5. Macroeconomic Fundamental6. New Growth Model7. Frontier Issues of Economic Development8. Digital Economy and Financial Innovation9. Payment System Platform and New Financial

Services10. Banking System and Product Innovation11. Monetary System, Instruments and Policy12. Central Bank Role and Policy Strategy

Target Audience

This program is designed for academicians, economists, as well as middle-to-senior level central bankers.

Program InformationDate : 27-28 August 2020Partner : Asia Pacific Applied Economics Association (APAEA)

Further information on BMEB Call for Paper registration and submission can be found on: https://www.bmeb-bi.org/

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BANKING AND TREASURY OPERATIONS

Description

In recent years, technological innovation has brought great impact on banking industry, particularly in banking operations with the phenomena of open banking, implementation of digital technology, and era of big data. The utilization of automated system is inevitable to optimize the settlement success rate in order to maintain domestic and cross-border financial market stability.

The program also discuss about technology innovation that can support securities management in emerging market including general aspect of cyber security, how to build a culture of cyber security, detection, and recovery from cyber-attack.Both commercial bank and central bank are facing quite similar challenges in banking operations.

As we know that the advancement of technology also coming with some potential threats, not only for the bank as an institution but also for its human resource factor. Therefore as part of this program, participants are expected to share their knowledge and experience in managing bank operation and central bank operation. Scope of the topic in this session would cover the technology innovation to support banking industry business and how to respond the disruption, also the transformation process in term of technology development. Participant will learn such as risk cyber security and risk mitigation, how to build a culture of cyber security, detection, and recovery from cyber-attack. The course also discuss about technology innovation that can support securities management in emerging market.

Main Topics

1. Banking Industry in Digital Era2. Innovation in Banking Operations3. Advantages and disadvantages of technology

in banking operation4. The Role of technology in supporting

Securities Management in emerging market5. Cyber security, detection, and recovery from

cyber-attack6. Treasury transaction management7. Current Issues of Banking Operation (sharing

session)

Objectives

At the end of the course, participants will be able to understand how banks redesign their bussiness because of technological development, have a knowledge on most challenging aspect in treasury operations, and understand the scope of the services that central bank provide for other parties (government or financial institution).

Target Audience

This program is designed for middle-to-senior level officers in central banks, monetary authorities, and financial institutions, with two to three years of professional experience and responsibility in treasury operation, financial stability, or financial supervision.

Program InformationDate : 8 - 10 September 2020Partner : International Institutions

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Description

The International Workshop on Financial Reporting for Central Bank Transactions with the focus on “Central Bank Foreign Currency Transaction” is a comprehensive three-day workshop that introduces participants to the concepts, principles, of accounting for central bank unique transactions in general and would go deep into central bank foreign currency transaction. The workshop would be delivered through presentation, case study and discussion. Participants will learn comprehensive about how foreign currency transaction in central banks (framework, measurement method and recording/accounting). More over the participants will be exposed with alternatives on the foreign currency translation practices, foreign currency costing method and how it impacts the gain/loss on foreign exchange as well as how to present it in the financial statement. Participants will get insight from various speaker such as IMF and practitioners, including central banks.

Main Topics

1. General Purpose Financial Reporting• Concepts and Objectives• Financial Reporting Standards

2. Financial Reporting for Central Bank • Characteristics of Central Bank Transctions• Alternative Accounting Frameworks

for Central Bank, including ECB and BI Accounting Standard

3. Central Bank Foreign Exchange Transaction• Accounting for foreign exchange

transaction under IFRS• Foreign Currency Transaction in Central

Bank 4. Central Bank Foreign Exchange Measurement

Method: Net Currency Position (NCP) 5. Case Study: Simulation of NCP Summary

FINANCIAL REPORTING FOR CENTRAL BANK TRANSACTIONS

Objectives

The participants will be able to:1. Understand general concept of financial

reporting standard/ framework2. Understand various references for central

bank financial reporting standard/framework3. Understand the uniqueness of central

bank from finance perspective and get a comprehensive knowledge regarding foreign exchange transaction

4. Understand methodological approaches could be applied to measure foreign exchange transactions

5. Gain insights on foreign exchange measurement best practices from prominent speakers

Target Audience

This program is designed for middle-to-senior level officials working in finance/accounting of central banks, internal and external auditors to the central banks, financial risk managers and officials in financial studies on central banks and public institution.

Program InformationDate : 21-24 September 2020Partner : International Monetary Fund (IMF), European Central Bank (ECB)

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RISK MANAGEMENT IN CENTRAL BANKS AND PUBLIC INSTITUTION

Description

The International Workshop on Risk Management in Central Banks and Public Institution is a comprehensive four-day workshop that introduces participants to the concepts, principles, process and implementation of risk management in Central Banks and Public Institution. The workshop would be delivered through presentation and discussion. Participants will learn about the risk framework and tools to identify and measure the financial risk, to value the impact of the balance sheet of BI case dealing with those risks. Participants also will learn about operational risk across business process in Central Banks include understanding of cyber risk and business continuity management to increase their awareness, prepareness and readiness. The speakers are from IMF, Central Banks including BI and others.

Main Topics

1. Risk Management Framework in Central Banks and Public Institution• Risk Management Framework and

Implementation • Risk Identification and Measurement • Governance, Risk, and Compliance (GRC)

Framework2. Financial Risks in Central Banks and Public

Institution: Market Risks, Liquidity Risks and Credit Risks

3. Business Continuity Management (BCM): • BCM Framework and Implementation • Business Impact Analysis: Risk Tolerances

and Managing Disruption4. Fraud Risk Management and Forensic Audit5. Operational Risk Management:

• Operational and Mitigating Risk Management in Payment System

• Cyber Risk and Resilience In Payment System

Objectives

Upon completion, participants will be able to:1. Understand general concept of Governance,

Risk, and Compliance (GRC) and risk management framework.

2. Understand and develop risk management skills including financial risks, operational risk and business continuity management.

3. Understand fraud risk management including forensic and investigative audit.

4. Understand cyber risk and resilience in payment system and its mitigation.

5. Gain insight on risk management best practices from global prominent institutions.

Target Audience

This program is designed for middle-to-senior level officials working in risk management department or who are in charge with risk management, market operations, settlement operation and payment system, IT, economic, and financial studies in Central Banks and Public Institution.

Program InformationDate : 5-9 October 2020Partner : International Monetary Fund (IMF)

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Program InformationDate : 13 – 15 October 2020Partner : International Institutions

Description

Despite of the increased use of electronic payments, global demand for cash still shows persistent and significant growth. Statistics data have shown that cash in circulation and card payments in advanced and emerging countries have both increased since 2007, indicating that cash still plays a substantial role as a payment instrument.

Currency management has long been known as one of traditional functions of central banks. Maintaining the supply of cash in the economy is one of the central banks’ core tasks, including responsibility to ensure its authenticity, quality and availability throughout a country. Technological innovations that took place in recent decades have contributed to central banks adapting their policies to promote the recirculation of banknotes and to increase the overall efficiency of the cash cycle.

Main Topics

1. Competencies and Skills Set for Currency Experts

2. Regulation and supervision of Cash In Transit3. Currency Processing Innovation 4. Digital Cash and The Impact for Currency

Management5. The new trend of Counterfeiting 6. Sharing session from participant about

Currency Management System

DIGITALIZATION AND AUTOMATIZATION OF CURRENCY MANAGEMENT

Objectives

This three-days seminar aim to give understanding and insight to participants regarding latest issues on currency management and its future challenges, among others are cash in transit (CIT), innovations in currency processing, feasibility of digital cash and CBDC and new trend in counterfeiting.

Target Audience

This program is designed for middle-to-senior level officers from Currency Department or Note Issue Department from central banks with interests in currency circulation policy and management.

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Description

The 6th International Islamic Monetary Economics and Finance Conference (IIMEFC) shall be held as part of Indonesia Sharia Economic Festival (ISEF) 2020. This conference will cover topics published in Journal of Islamic Monetary Economics and Finance (JIMF) year 2020. JIMF an international peer-reviewed journal published quarterly by BI Institute. JIMF publishes important research contribution to a wide range of Islamic economics, monetary, and finance including work along empirical, methodological, and theoretical lines.

THE 6TH INTERNATIONAL ISLAMIC MONETARY ECONOMICS AND FINANCE CONFERENCE

Main Topics

The seminar will adopt winners from 2020 JIMF Call for Paper which has been curated by our panel of experts and cover the following topics:1. Islamic Monetary System, Instruments and

Policy 2. Islamic Financial System, Institutions and

Product Innovation 3. Islamic Social Finance; Zakat, Waqf and other

Related Instruments4. Islamic Microfinance, institutions and Business

Model5. Islamic Digital Economy; E-commerce, Digital

Money and Fintech 6. Sharia Governance and Regulatory Framework 7. Integrated Islamic Commercial and Social

Finance8. Islamic Financial Inclusion; Strategy and Policy9. Halal Industry: Food, Fashion, Tourism and

Related Industry

Target Audience

This program is designed for middle-to-senior level officers with interest in developing sharia economy & ecosystem in regional.

Program InformationFurther information on ISEF 2020 which will be held on 26-31 October 2020 can be found on: https://isef.co.id/about-isef/

Further information on JIMF Call for Paper registration and submission can be found on: https://jimf-bi.org/index.php/JIMF/

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FINANCIAL CONSUMER PROTECTION AND DATA PRIVACY IN DIGITAL ERA

Description

The affordance of digital technologies and the growing popularity of e-commerce have provided at once tremendous opportunities for consumer empowerment, but also challenges to consumer rights protection. Following the increase of easiness in digital payments to make online purchases via mobile payment, card payment, and Internet banking, protection of online payment mechanisms became even more vital as a breach in the system may lead to unauthorized use of personal data of and great potential for financial loss.

One of the challenges that consumers may encounter is the collection and use of personal data (personally identifiable information), this can become even more challenging in the future as the development of smart devices, able to track users’ activity in their private spaces and collecting their data, are gaining its momentum and popularity. In other hand, consumers are also besieged by problems related to identity theft that derived from fraudsters’ malicious schemes such as phishing and various social engineering activities.

Main Topics

1. Cybersecurity threat to financial consumers in the digital age

2. Overview, principles and framework of global financial consumer protection and its relation to financial institution development and national economic growth

3. Priorities of financial consumer protection policy

4. Regulation and enforcement of financial consumer protection in the digital financial services ecosystem

5. Effective fraud education and its impact on financial institution’s legal liabilty

6. The importance of fraud liability rules in financial consumer protection: theory and practice

7. Alternative dispute resolution8. Comparative negligence in the electronic

payment systems: customer vs financial institutions

9. World standard of financial consumer complaint and redress mechanism

10. Challenges on the consumers’ data privacy and data protection

Program InformationDate : 9-13 November 2020Partner : International Institution

Objectives

By the end of the program, participants should understand that the existence of good financial consumer protection policy, balanced right and responsibility between consumer and business, effective fraud education, security enhancement, consumer complaint and redress mechanism in the country – are paramount for consumer’s trust and wellness, especially in this emerging digital era.

Target Audience

This program is designed for middle-to-senior level officers engaged in payment system policy and operations, consumer protection, legal, and the supervisory oversight of information technology and related payment system operational risks.

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SEACEN COURSE HOSTED BY BI IN 2020

central banks/monetary authorities, including BI, which has since grown to nineteen members in 2018.

Since its inception in the early 1980’s, The SEACEN Centre has established its unique regional position in serving its membership of central banks in the Asia-Pacific region through its learning programs, research work, and networking and collaboration platforms for capability building in central banking knowledge.

Over the years, SEACEN has built a wide network base, in that besides its members, the Centre has an outreach of 15 other central banks and monetary authorities which are invited for the Centre’s learning programs, as well as 26 regional and international strategic partners with whom the Centre collaborates in the design and delivery of its programs in central banking knowledge areas:

1. Macroeconomic and Monetary Policy Management (MMPM);

2. Financial Stability and Supervision;3. Payment and Settlement System; and4. Leadership and Governance.

No Tema Area Date Location1 SEACEN Course on Capital Flows

Management & Capital Account Liberalization

Macroeconomics and Monetary Policy Management (MMPM)

13-17 Apr Bali

2 SEACEN Seminar on Fintech Regulation*

Financial System Stability 22-24 Jun Yogyakarta

3 SEACEN Course on Modern Approaches to Monetary Policy**

Macroeconomics and Monetary Policy Management (MMPM)

29 Jun-3 Jul Jakarta

4 SEACEN Course on Financial Stability & Macroprudential Supervision***

Financial System Stability 2-6 Nov Bali

* back-to-back with SEACEN Directors of Supervision (DOS), 25-26 June 2020** back to back with SEACEN Directors of Research & Monetary Policy, 6-7 July 2020** back to back with Macroprudential Seminar, 7 November 2020

Members:

The South East Asian Central Banks (SEACEN) Research and Training Centre was first established as a legal entity in 1982 with eight member

1. Autoriti Monetari Brunei Darussalam2. Bangko Sentral Ng Pilipinas3. Bank Indonesia4. Bank Negara Malaysia5. Bank of Korea6. Bank of Mongolia7. Bank of Papua New Guinea8. Bank of Thailand9. Bank of The Lao PDR10. Central Bank of Myanmar

11. Central Bank of Sri Lanka12. Central Bank of The Republic of China (Taiwan)13. Hong Kong Monetary Authority14. Monetary Authority of Singapore15. National Bank of Cambodia16. Nepal Rastra Bank17. People’s Bank of China18. Reserve Bank of India19. State Bank of Vietnam

Overview

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NATIONAL FLAGSHIP PROGRAM 2020

Malang - East JavaBank Indonesia Representative Office

“Anyone who stops learning is old, whether at twenty or eighty.”

Henry Ford

Program InformationDate : 23 October 2020Location : Jakarta

Description

The global challenge is posing threat and opportunities simultaneously. It is important that each sector in the economy understand the key issues and the method to resolve the problem as a leader. To answer that challenge, BI Institute Leadership forum is established as a platform to prepare domestic and foreign economic leaders and practitioners to be ready to respond to future economic challenges.

Main Topics

Strategic issues related with the development of national economy, including the following topics: 1) Economy, 2) Finance and Banking,3) Human Capital Development, 4) Trade, 5) Technology, 6) Policy Interlink, 7) International Diplomacy, 8) Law and other current issues that align with the national agenda.

PRESIDENTIAL/ MINISTERIAL LECTURE (BI LEADERSHIP FORUM)

Objectives

Upon completing this program, participants are expected to be ready to respond to global economic challenges. Participants shall also acquire insight from prominent speakers regarding the specific matter that will be discussed in detail during the forum.

Target Audience

Executives from related BI’s stakeholders including government institutions, related associations, state owned company, experts, academician, banking and financial sector, corporate university, faculty member and respective board, and private institution with great concern about the development of national economy.

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Description

Economic leadership for regional government leaders is a learning platform for regional government executives to enhance their understanding of the current issues, global and national challenges and sharing their practices with another participant about the policy / innovation that has been formulated and implemented. The learning process will accelerate the exchange of ideas and coordination between each participant.

Main Topics

National strategic issues, policy mix, interlink, structural reform/transformation, regional economy, smart city/government, economic and spiritual leadership and current related issues.

ECONOMIC LEADERSHIP FOR REGIONAL GOVERNMENT LEADER

Objectives

Upon completing this program, participants are expected to understand current economic issues in preparation for facing global economic challenges and exchange ideas for the creation of a conducive economic climate.

Target Audience

Mayor and vice mayor, regent and vice-regent, regional council, municipal council, and heads of Bank Indonesia Regional Office.

Program InformationDate : Batch 6: August Batch 7: NovemberPartner : APEKSI, APKASI, ADKASI, and ADEKSI

Flagship Program 2020

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LOGISTICAL ARRANGEMENT

REGISTRATION PROCEDURES

To register as participant, please fill in our online application form, available for download at:

Unless specified otherwise, International Flagship Programs held by BI Institute are open for eligible central bankers from all over the world. Special admittance for other government institutions, academicians, as well as stakeholders of BI can be granted on review basis.

https://www.bi.go.id/en/tentang-bi/registration/event/

Confirmation of acceptance shall be sent directly by e-mails to registered candidates approximately three weeks prior the event date. Please be informed that BI Institute may not process any registration received after the stated deadline.

VISA

Passport holders from 169 countries are eligible for Visa-free facilities to enter Indonesia for 30 days. For more information on visa requirement, please visit:

https://www.indonesia.travel/gb/en/general-information/visa-immigration/

PROGRAM FACILITIES

ACCOMODATION: Unless specified otherwise, BI Institute does not provide accommodation for participants. However, special room rate is provided for participants who stay at our appointed hotel.

DOMESTIC TRANSPORTLocal airport transfer shall be provided to international participants who stayed in appointed hotels.

REFRESHMENTS:BI Institute shall also provide meals and refreshment during the course for all participants, according to program agenda.

LANGUAGEAll International Flagship Programs shall be held in English. BI does not provide any translation service for these events.

EXPENSESAll courses in this catalogue are free of tuition fee. Participants are also expected to apply for travel & medical insurance in advance as BI does not responsible for any medical expenses occurred during the program.

CONTACT PERSON

For registrations as well as requests for customized programs, please contact us through e-mail: [email protected] or phone : +62 21 2981 6948

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PRODUCTS AND PUBLICATIONS

Flagship Program 2020

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GALLERY 2019

www.bi.go.id

Bank Indonesia Institute Main CampusD Building, Bank Indonesia

Jl. M.H. Thamrin no. 2, Jakarta 10350Phone:

+62 21 500 131 (Call Center BICARA)+62 21 2981 6948 (BINS Register)

E-mail : [email protected]

2020 FLAGSHIP PROGRAM CATALOGUE

2020 - bank indonesia · mr. sugeng (deputy governor) mr. perry warjiyo (governor) 1 1 3 2 2 4 mr....

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