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Financial Market Infrastructures: Principles and Practices (FMI-PP)

Financial Sector Policies

This course, presented by the Monetary and Capital Markets Department, focuses on the Principles for Financial Market Infrastructures (PFMI). The course is designed to be interactive by using a combination of lectures, case study simulations, and panel discussions. Lectures focus on the 24 principles and 5 responsibilities for authorities under the PFMI, the Disclosure Framework, and Assessment Methodology, and topical issues on cyber resiliency, distributed ledger technology, and relevant digital innovations. Participants, after gaining a basic understanding of the standards, apply them to a hypothetical country to assess the level of compliance of its payment system, securities settlement system, and central securities depository. The self-assessment exercises are based on targeted principles and include legal basis, credit risk, collateral, default management, liquidity risk, central securities depositories, money settlements, general business risk, and operational risk. After the hands-on self-assessment experience, results are discussed through group presentations and de-briefings.

Read More Topic : Financial Sector Policies

    Target Audience

    Mid- to senior-level officials working in the payment, legal, and technology departments at the central bank and in positions with similar responsibilities.

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    Qualifications

    Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Describe a framework of the Principles for Financial Market Infrastructures 
    • Apply the standards for the compliance of its payment system, securities settlement system, and central securities depository 
    • Enhance safety and efficiency in payments, clearing, settlement, and recording arrangements, and more broadly, to limit systemic risk and to foster transparency and financial stability
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    December 12, 2022 December 16, 2022 Singapore, Singapore ST 22.30V English Deadline passed
    February 27, 2023 March 3, 2023 Ebene, Mauritius AT 23.12V English (French, Portuguese) Apply online by January 20, 2023
    March 12, 2023 March 16, 2023 Kuwait City, Kuwait CE 23.14 English (Arabic) Apply online by January 15, 2023
    December 11, 2023 December 15, 2023 Singapore, Singapore ST 23.34 English Apply online by August 14, 2023
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Financial Programming and Policies (FPP)

    Arabic, January 15-26, 2023, Kuwait City, Kuwait

    Apply online by December 4, 2022

    Understanding, Assessing and Managing Fiscal Risks (UAMFR)

    English (Russian), February 27, 2023 - March 3, 2023, Vienna, Austria

    Apply online by December 4, 2022

    National Accounts Statistics (NAS)

    English, January 16-20, 2023, New Delhi, India

    Apply online by December 5, 2022

    Residential Property Price Indices (RPPI)

    English (Arabic), January 23-27, 2023, Kuwait City, Kuwait

    Apply online by December 8, 2022