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Financial Sector Policies (FSP)


This course, presented by the Institute for Capacity Development, begins with an overview of how risks are transmitted within and between the financial and real sectors. Participants then examine the design and impact of financial sector policies for mitigating vulnerabilities by starting with the rationale for both microprudential and macroprudential policies. The interactions between macroeconomic and prudential policies are also discussed. Although the emphasis is on preventive strategies, the course discusses policies to deal with financial distress situations. 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.

Read More Topic : Financial Sector Policies

    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.

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    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.

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    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.
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    July 26, 2021 July 30, 2021 Ebene, Mauritius AT 21.32V English (French, Portuguese) Deadline passed
    October 25, 2021 October 29, 2021 Vienna, Austria JV 21.36V English Apply online by August 22, 2021
    November 1, 2021 November 5, 2021 Vienna, Austria JV 21.49V English Apply online by August 22, 2021
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    Apply Now - Application deadline approaching:

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

    Foundations of Central Bank Law (FCBLx)

    English, May 1, 2021 - August 31, 2021, Course conducted online

    Apply online by July 24, 2021

    Virtual : Monetary Policy (MP)

    English, September 20, 2021 - October 1, 2021, Singapore, Singapore

    Apply online by July 26, 2021

    Virtual : Fiscal Policy Analysis (FPA)

    Arabic, August 30, 2021 - September 9, 2021, Kuwait City, Kuwait

    Apply online by July 27, 2021

    Virtual : Financial Development and Financial Inclusion (FDFI)

    English, October 25, 2021 - November 5, 2021, Singapore, Singapore

    Apply online by July 30, 2021

    Virtual : Financial Sector Surveillance (FSS)

    English, October 4-15, 2021, Singapore, Singapore

    Apply online by July 30, 2021