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

Financial Sector Policies

This course, presented by the IMF's 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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    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 Apply online by September 19, 2022
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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.

    Virtual : Monetary and Financial Statistics - Advanced (MFS-A)

    English, August 8-19, 2022, Singapore, Singapore

    Apply online by May 20, 2022

    Virtual : Macroeconomics of Pandemics in LICs and EMs

    English (French, Portuguese), June 27, 2022 - July 5, 2022, Ebene, Mauritius

    Apply online by May 20, 2022

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    English (French, Portuguese), July 4-15, 2022, Ebene, Mauritius

    Apply online by May 20, 2022

    Virtual : Financial Sector Policies (FSP)

    English, July 3-7, 2022, Kuwait City, Kuwait

    Apply online by May 20, 2022

    Banking Supervisions Issues (BSO)

    English, July 4-8, 2022, New Delhi, India

    Apply online by May 20, 2022