16 November 2017
In financial services industry, 2018 will bring significant operational changes to financial markets actors as a result of the imminent implementation deadline of an entire European Directives` set which are about to be transposed into the national legislation (laws, norms, procedures, reports).
These include provisions such as the Insurance Intermediation Directive (IDD-2016/97/EU), Financial Instruments (MiFID II – 2004/39/EC), provisions on consumer protection which led to the creation of some regulations for insurance products with investment component (PRIIP – Regulation (EU) No. 1286/2014). Also, The General Regulation on data protection (GDPR – Regulation 2016/679), applicable from 25th of May 2018, will have a considerable impact in this area.
In this context, the Institute of Financial Studies organizes on 16th of November 2017, at hotel JW Marriott Bucharest Grand, starting with 9:30 a.m., Constanța Hall, the third edition of International Conference ”Financial Vocational Training in Romania - today and tomorrow” – the only event dedicated to training professionals working or intending to work in financial services area.
The event contains a conference session where representatives of regulation institutions, professional associations, active companies on financial markets and some similar professional training institutes from European area will hold presentations, focusing on the best practices in financial services industry, followed by two thematic panels.
For more details concerning participation or partnerships, please email us: - email: evenimente@isfin.ro, contact person: Andreea Petrache
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9:00-09:30 – Welcome coffee
9:30-11:15 – Morning session I
Moderator: Călin Rangu
11:15-11:30 – Coffee break
11:30-13:20 – Morning session II
Moderator: Călin Rangu
13:20-13:30 – Awarding ”Best scientific article” published in the Review of Financial Studies
13:30-14:30 – Lunch
14:30-16:30 – Afternoon panel IMPLEMENTATION OF EUROPEAN DIRECTIVES ON THE SUPPLIERS OF FINANCIAL services (MIFID II AND IDD)
Moderator: Adrian Mitroi
14:30-16:30 – Afternoon panel GDPR IMPLICATIONS ON THE SUPPLIERS OF FINANCIAL SERVICES
Moderator: Cătălin Câmpeanu
Supported by bpv GRIGORESCU ȘTEFĂNICĂ
16:30-17:00 – Networking
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Leonardo BADEA |
Mr. Leonardo Badea is the President of Financial Supervisory Authority from June 2017. With nearly 20 years of experience on the field of economic university education, Mr. Badea was the Vice-rector at Valahia University from Targoviste, and Dean at Faculty of Economics of the same educational institution.He obtained consecutively a Senate and Deputy mandate in The Romanian Parliament, occupying the positions of Secretary of the Budget-Finance, banking activity and capital markets Commission from Senate, and President of Budget-Finance Commission from the Chamber of Deputies. Mr. Leonardo Badea is doctor in accounting at the Bucharest Academy of Economic Studies and graduate of the post-doctoral school in economics of the Romanian Academy. At the same time, he is a member of the European International Business Academy (EIBA) and a member of the Centre D’etudes sur le Développement International et les Mouvements Economiques et Sociaux (CEDIMES). Mr. Badea has a sustained activity in editorial and scientific councils of economic publications, being editor of the “Scientific Council of the Journal of Accounting, Finance Add Auditing Studies” in Turkey, editor of the “Valahia Journal of Economics Studies”, CNCSIS B + and member of the editorial board of "Theoretical and Applied Economics", CNCSIS B +.
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Cornel Coca CONSTANTINESCU |
Mr. Cornel Coca Constantinescu, Vice President of Financial Supervisory Authority, has held several positions in financial area, the most recent being the Vice President/Member of Administration Board of ROMEXTERRA Bank; Administrator - MKB ROMEXTERRA Assurance Broker, MKB Fleet Management SRLș General Director - MKB ROMEXTERRA Leasing IFN SA and LEASING DANUBIUS. Doctor of economic sciences, in the field monetary - credit, Bucharest University of Economic Studies; accounting expert, The Body Expert and Licensed Accountants of Romanian. Several specializations on multiple profile courses at: George Washington USA University, Bocconi University from Milan, National Institute of Economic and Accounting Techniques Paris, Reading U.K. University.
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Mr. Attila Gyorgy has been a secretary of state in the Romanian Ministry of Public Finance since April 2014. He is currently in charge of the coordination of the International Financial Relations Department and of the Payment and Certification Authority Department in the Ministry. As the coordinator of the International Financial Relations Department, Mr. Gyorgy manages the relation between Romania and various international financial institutions, such as the European Bank for Reconstruction and Development, the European Investment Bank, the International Monetary Fund and the World Bank. Mr. Gyorgy is also a professor at the Bucharest University of Economic Studies where his field of study covers local finances and budgets.
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Mr. Sergej Simoniti graduated the Faculty of Law – University of Ljubljana. His first employment has been as a general legal counsel at an insurance company in Slovenia. In 2002 he joined the reinsurer SAVA Re, being responsible for legal issues concerning reinsurance arrangements and later for legal support in the expansion of SAVA Re group in the Balkans. In 2011 he has been nominated by Slovenian Parliament as the director of Insurance Supervision Agency. In this capacity he is also a member of the EIOPA’s Board of Supervisors.
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Mr. Wagner joined the Consumer Protection Department at the European Insurance and Occupational Pensions Authority (EIOPA) in 2014. He is responsible for EIOPA’s work on Article 30 of the IDD and Article 15 and 16 of the PRIIPs Regulation. In addition, he is contributing to the ESA Joint Committee’s cross-sectoral work on FinTech, in particular automation in financial advice. Furthermore, he is working on other financial innovation and consumer protection related topics. Prior to his current role he was working in the legal department at the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Mr Wagner has a degree in Law from the University Frankfurt/Main, Germany.
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Mr. John Madinger’slaw enforcement career spanned 35 years as a criminal investigator and narcotic agent. A court-certified expert witness on money laundering, he is the author of “Money Laundering: A Guide for Criminal Investigators, Third Edition” (2011).” He has a BA in Criminal Justice from Indiana University and an MA in History from the University of Hawaii. He currently works for the Department of Justice, developing and presenting anti-money laundering programs, and as President of AMLAware, LLC, produces AML training for the insurance and financial sectors worldwide.
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Cees WERFF President and CEO CCN Claims Corporation Network |
Global insurance executive with a track record of designing and executing strategy, driving change and delivering top and bottom line results, Mr. Cees WERFF most recently advised InterEurope AG through a MBO phase, designing a business development culture, expanding operations to CEE region and a diversification of products and services. Previously, he managed ING Global Network through development and implementation of a network strategy business model and consolidation of previously separate subsidiaries and sales forces.
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Mr. Ludo Pyis is the President of Atlas Consult, a management consulting group active in W-Europe, Bulgaria, USA and also the Founder of AREOPA, a worldwide management consulting group. He is a Faculty member of Management Centre Europe and member of the European Commission Expert Groups on Valuation of Intangible Assets (2005) and on IP Valuation (Accounting and Reporting 2013). Mr. Pyis obtained Master degree in Industrial & Organizational Psychology, Business Administration at the Free University Brussels (VUB). Mr. Ludo started his career as management trainer for General Motors.
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Mr. Dr. Martin Wurzenberger is the Head of Retail Sales & Sales Support CEE of Erste Asset Management, the asset management company of Erste Group. For almost 20 years he has been active in the financial industry. He joined Erste Group in 2013 and is responsible for the retail sales of investment funds in CEE. Before his current position he worked in the CEE Retail Division of UniCredit Group as Segment and Product Manager and as Risk Manager in Bank Austria-Creditanstalt Bank AG. He holds a master´s degree in Economics and Management from the University of Applied Sciences in Vienna and received his doctorate from the Vienna University of Economics and Business.
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Mrs. Kullolli joined the Albanian Financial Supervisory Authority (AFSA) as the Director of the Education Centre in 2015. She is responsible for implementation of the vocational training programs for leaders and professionals in the markets under AFSA supervision and involved in teaching. She is currently leading the AFSA team on the implementation of the Strategy for increasing the consumer confidence in the markets under supervision and working on consumer education topics. Prior to her current role she was working as a Country Representative for an USAID non-for-profit organisation that provided technical assistance to the AFSA and the Central Bank of Albania to increase the internal capabilities of the employees of these institutions. Mrs. Kullolli holds a BA in finance and a Master on Business Administration from the University of Tirana. She is also a Certified Public Accountant since 2012.
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Valentin IONESCU |
Director of the Strategy and Financial Stability Division on Financial Supervisory Authority, Mr. Ionescu has worked more than 20 years in the area of financial investments and supervisory. He served within FSA as Deputy Director of Strategy and Financial Stability Division (January 2015 - September 2015) and Director of Integrated Supervisory Division (2013-2014). The professional activity includes positions as General Manager of Bucharest Stock Exchange (2010-2011), member of CA at Sibex, SIF Moldova (2012-2013) and CA President of Central Depositary (2010-2011), but also international experience on Euro Invest Bank Gmbh Austria (Head of Sales,2009-2010) and Wood&CO Czech (Senior Sales Trader, 2007-2009). Mr. Valentin Ionescu graduated Bucharest University of Economic Studies, Faculty of Commerce, has an MBA and a Certificate in Finance from George Town University US.
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George DINCĂ General Director Romanian Automotive Register |
Mr. George Dincă is General Director of Romanian Automotive Register from 2012. As General Director of RAR, Mr. Dincă organizes and leads the overall current activity of the Registry, leading the institution fulfill the objectives and the performance indicators under the mandate contract. At the same time, he coordinates and guides the way in which the management`s tasks in the field of prognosis, development of the activity and improvement of the Registry are carried out. Through the continuously adaptation and improvement of the working procedures and the establishment of several control structures, Mr. Dincă permanently ensures the quality growth of RAR services. He graduated the University Politehnica of Bucharest (Transport Faculty), as diplomatic engineer in automotive engineering domain. He obtained master degree in Electronics and Telecommunication, “Intelligent Systems for Transport” department.
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Alexandru CIUNCAN Member of IRSG, EIOPA & Managing Partner XPRIMM |
Mr. Alexandru Ciuncan has an experience of more than 15 years in the CEE insurance and private pensions industries, with expertise covering insurance regulation, market conduct supervision practices, consumer protection, financial journalism. He is member of EIOPA’s IRSG - Insurance and Reinsurance Stakeholder Group since 2013 and also of the OPSG – Occupational Pensions Stakeholder Group – representing customer. At the same time, he is a Secretary General of APPA – The Association for Insurance Promotion - the NGO that developed Romania`s first multi-channel national campaigns dedicated to educating consumers and Managing Partner of XPRIMM, a media and publishing company specialized in the CEE, SEE and CIS insurance and reinsurance markets.
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Bogdan ANDRIESCU |
Mr. Andriescu started operating in the insurance market in 1990 at ADAS, on Foreign Operations Division. We worked previously at Astra Insurance, Generali Romania. AIG Romania and at St. Paul Fire and Marine (Travelers), Minnesota, USA. Starting with 1955, he has been active in the insurance brokerage market, currently being shareholder at the Risk Control Insurance Broker company. From 2001 he is the President of National Association of Intermediation and Consultancy Insurance Companies (UNSICAR) and has participated to the establishment of the BAAR (Romanian Motor Insurer’s Bureau), UNSAR (National Association of Insurance and Reinsurance Companies), UNSICAR and Nuclear POOL.
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Mrs. Sorana MANTHO, UNSAR General Manager, is an executive with over 25 years’ experience in legal and public & corporate affairs. Throughout her career she has been part of local and regional management teams of multinational companies in telecommunications, heavy industry and tobacco industry. Starting this year, she holds the position of General Manager at the National Association of Insurance and Reinsurance Companies in Romania.
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Mr. Viorrel Vasile has an experience of over 19 years in insurance field. During 7 years he worked as General Manager of the company Forum Insurance. In 2005 we founded the insurance company Safety Broker, today leader on Romanian brokerage market, as CEO from over 12 years. Starting with 2017 he is Founder Member and President of the first Patronate of Romanian Insurance Reinsurance Broker (PRBAR). In 1999 he graduated the Faculty of Finances, Insurance, Banks and Stock Exchange, at Bucharest Academy of Economic Studies, Finance – Insurance department.
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Ștefan PRIGOREANU |
With an experience of 21 years in Romania insurance industry, Mr. Stefan Prigoreanu is the CEO of Millenium Insurance Broker SA company. He is one of the few specialists in insurance with back-ground and relevant experience both in regulation and supervisory of private pension system, but also in the world of martial arts, where he acts from over 25 years. As lector and leader of formers of an important professional training supplier, but also as Vice President of Patronate of Romanian Insurance Broker is implied and updated with all specific legal requests and with all the changes brought by the European legislation.
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Adrian CODIRLAȘU |
Mr. Adrian Codirlașu, CFA, PhD holds CFA certification since 2006 and the title of Doctor of Phd in Economics with specialization in international finance. Adrian has a 6-year experience as Director of the Market Risk and Operational Risk Department at Unicredit Bank and five years as Senior Options Dealer at ING Bank and he is Associate Professor at the DOFIN Doctoral Finance and Banks School, where he teaches subjects such as derivatives and risk management. In the last 10 years Adrian was a member of the CFA Romania Steering Committee and in 2009-2011 he was the President of this association. From December 2015, Adrian is again the President of CFA Romania. Between 2011-2013 Adrian was the president of the Association of Financial-Banking Analysts in Romania. Adrian has been a senior economist in the research department of the National Bank of Romania for more than 5 years.
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Mrs. Alexandra Smedoiu is Tax Consultant Manager at PricewaterhouseCoopers and has an experience of over 12 years in taxation. Alexandra is member of Board of Directors of CFA Society Romania, a NGO society that brings together top professionals from Romanian financial industry. Alexandra is licensed Chartered Financial Analyst, member of ACCA, holding Diploma in International Financial Reporting. Also, Alexandra is tax adviser according to the law and member of The Chamber of Tax Consultants, and also member of Charted Institute of Taxation, holding Diploma in Advanced International Taxation. Alexandra has graduated International Business and Economics at Bucharest Academy of Economic Studies and holds a Master in International Project Management.
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Flavius FLOREA |
Mr. Flavius Florea is a Senior Associate in our TMT (technology, media and telecom) team, handling both consultancy and litigation matters related to the TMT sector. He is the first lawyer from a leading Romanian independent law firm and the only lawyer from the top 3 law firms with expertise in the TMT (tech, media, telecom) sector to gain the international official accreditation CIPP/ E (Certified Information Privacy Professional/ Europe). The CIPP/ E certification granted by IAPP, the world's largest global information privacy community, is the world's preeminent credential in the business of privacy. Flavius was involved in advising some of the biggest names in the industry, including Google, Hootsuite and Siemens. He is experienced in offering legal advice related to data protection (GDPR), intellectual property, general commercial matters, advertising and various IT and technology matters.
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Radu ZMARANDA |
Mr. Radu Zmaranda has joined our team in March 2017. He is part of the TMT department, advising clients on legal matters related to IT sector, media and telecommunications and currently on GDPR compliance. His other areas of interest also include corporate governance, commercial law and intellectual property law. Radu has obtained a Master’s degree from Erasmus University Rotterdam, acquiring solid theoretical knowledge in the field of commercial and company law, as well as intellectual property law. He advises in Romanian and English.
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Irinuca VĂDUVA |
Irinuca Văduva joined the ECDL ROMANIA team in 2006, now with an experience of over 10 years in promoting and coordinating national programs of developing digital skills, that allow individuals and organizations to evaluate, develop and certify computer skills and others digital tools based on the standard that is globally recognized - ECDL/ICDL. Irinuca graduated Bucharest Academy of Economic Studies, with a Master in International Management and Marketing.
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With over 20 years of experience in financial field and strong knowledge in corporate governance, Mr. Ciprian Ladunca is currently CFO and CSR Executive within Metropolitan Life. Active member of United Way Romania Administration Directors, Ciprian Lăduncă is constantly remarked by the major investments for which he is campaigning (over 1 million dollars in 2015 and 2016) in CSR programs, with results in their implementation and facilitation. Together with his team, he has realized over 15 projects of corporate social responsibility with 5 different NGOs. More than 200 volunteers, thousands of hours dedicated to activities, over 5,000 beneficiaries - these are just a few of the results of his effort, which have been recognized by major players such as The Association for Community Relations, Forbes, AmCham, ASF, United Way, Xprimm Media and CSR Media. Based on these results, there are his key competences such as high level of professionalism, ethics, governance, risk control and risk management, corporate reporting, management skills, strategy and innovation, leadership, audit, maintaining an active and stable relationship with stakeholders.
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Ion STANCU |
Mr. Ion Stancu is an University Professor on Bucharest Academy of Economic Studies, Finance Department, Master Manager ”Financial Management and Investments” and PhD supervisor with expertise in the following areas: Financial analyze and planning, Evaluation and financing the investments projects, Capital markets and portfolio management. In this regard, Mr. Stancu recommends for consulting the following papers:”FINANCES. Financial markets and portfolio management. Direct investments and theirs’s financing. Financial analyze and management of the enterprise” (2007), ”Corporate Finances in Excel” (2012), and also “Corporate Finances 1st vol., Financial analyze and planning of the enterprises” (2015). Mr. Stancu has a vast experience in financial higher educational reforming programs (license, master, phd.) and international university cooperation as dean of Finance, Insurance, Banks and Stock Exchange Faculty (1993-2004) and as vice-rector of Bucharest Academy of Economic Studies (2004-2016). As manager and member in research projects has analyzed the impact of arrears, financial crimes, environment protection, durable development, social responsibilities, etc. on companies’ performances and economic growth. Starting with 2003 acts as administrator of SIF Banat -Crisana and Romanian Bank. From 1993 is CECCAR member and from 2000 is CAFR member.
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Călin RANGU |
Mr. Călin Rangu is double licensed in economics and engineering, PhD in neural networks applied in financial series processing, MBA graduate in banking and finance, University Lector at Administration and Political Studies National University, MBA Lector for City University of Seattle. He published over 100 articles, and two books, being organizer or speaker in major Romanian conferences related to consumer protection, alternative dispute resolution, financial and banking sectors, IT, cyber-fares, operational risk management, or management and processes. Călin is acting as Director of financial services Consumer Protection Directorate of Romanian Financial Supervision Authority (FSA), President of the Institute of Financial Studies, President of FSA Shareholder Group in Consumer Protection, former deputy director of Integrated Supervision Directorate of FSA, and he has a rich experience in management, banking, operational risks, consumer experience, IT and financial services, products and technologies. He acted over 13 years as director in National Bank of Romania and Raiffeisen Bank, and general director of Romanian subsidiary of Raiffeisen Informatik Austria Group.
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