Financial Sector Policies (FSP)
This course, presented by the Institute for Capacity Development, begins with an overview of financial risks and how they are transmitted within and between the financial system and the real sector. Participants then examine the design and impact of financial sector policies to mitigate assessed vulnerabilities starting with the rationale for micro-prudential and macroprudential policies. The interactions between macroeconomic and macro-prudential policies are also discussed. Although the emphasis is on preventive strategies, the course also discusses policies to deal with financial distress situations and contingency planning. The combination of lectures, case studies, and hands-on workshops allows participants to discuss and experiment with various policies to gauge their outcomes, intended and unintended. Those who are primarily interested in risk assessment are referred to the Financial Sector Surveillance course, where that is the focus.
Target Audience
Junior to senior government officials engaged in setting policy for the financial sector, particularly the staff of central banks, financial regulators, and any other agencies involved in micro- or macroprudential oversight.
Qualifications
Participants are expected to have an advanced degree in economics or finance, or equivalent work experience; a basic understanding of econometrics; the ability to interpret econometric results; and working knowledge of Excel. It is strongly recommended that applicants have completed the online Financial Market Analysis (FMAx) course and the Financial Sector Surveillance (FSS) course because understanding and assessing financial sector risks is important to the design of mitigating policies.
Course Objectives
Upon completion of this course, participants should be able to:
- Identify channels through which shocks are transmitted between the financial sector and the real economy, and within and between financial systems.
- Analyze relevant micro- and macroprudential policies, how they are likely to interact with other policies, and any possible unintended consequences.
- Recommend macroprudential tools to prevent and mitigate systemic risk and identify likely specific implementation challenges.
- Assess the effectiveness of microprudential and macroprudential policies.
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| October 9, 2023 | October 20, 2023 | Ebene, Mauritius | Virtual Training | AT 23.33V | English (French, Portuguese) | Deadline passed |
| October 16, 2023 | October 20, 2023 | Ebene, Mauritius | Virtual Training | AT 23.44V | English (Portuguese) | Deadline passed |
| February 19, 2024 | March 1, 2024 | New Delhi, India | In-person Training | SA 24.04 | English | Apply online by December 12, 2023 |
Macroeconomics of Climate Change (MCC)
English | November 6-17, 2023 | In-person Training | Abu Dhabi, United Arab Emirates
Apply online by September 29, 2023
Monetary Policy (MP)
English | November 26, 2023 - December 7, 2023 | In-person Training | Kuwait City, Kuwait
Apply online by September 30, 2023
Strategic and Practical Considerations in Pursuing Money Laundering Cases
English | December 11-15, 2023 | In-person Training | Vienna, Austria
Apply online by October 1, 2023