Financial Sector Surveillance (FSS)
This course, presented by the Institute for Capacity Development, introduces participants to key concepts and tools used in the identification and assessment of financial sector vulnerabilities and sources of strength. The course provides a basic toolkit to assess financial sector risks and measure them against existing capital and liquidity buffers in the financial system. The discussions focus on the early identification of unwarranted macro-financial imbalances and the analysis of the transmission of financial distress across institutions, markets, and economic sectors, with the objective of reducing the likelihood and the severity of financial crises. A combination of lectures and hands-on workshops allows participants to apply essential risk assessment techniques.
Target Audience
Junior to senior government officials tasked with surveillance of the financial sector, especially staff of the central bank, financial regulators, and other agencies that engage in macroprudential oversight.
Qualifications
Participants are expected to have a degree in economics or finance, preferably at the master’s level, or equivalent work experience; good quantitative skills; and proficiency in the use of computers to analyze data. It is strongly recommended that applicants have completed the online Financial Market Analysis (FMAx) course. Because many of the workshops use Microsoft Excel worksheets, familiarity with the basics of Excel is important.
Course Objectives
Upon completion of this course, participants should be able to:
- Measure the main risks facing banks (e.g., credit, market, funding) and their respective capital and liquidity buffers, from a systemic financial stability perspective.
- Design and perform basic stress tests of solvency and liquidity and interpret the results.
- Recognize the importance of nonbank financial intermediaries and their links to banks.
- Assess macro-financial linkages, including the links between the financial sector, the government, and the real economy, along with potential amplification mechanisms.
- Track the buildup of systemic risk and vulnerabilities associated with credit, real estate prices, leverage, balance sheet mismatches, and interconnectedness.
- Assess how shocks can amplify throughout the financial system, e.g., through adverse liquidity spirals or feedback effects between asset prices and leverage.
Syllabus
Upcoming Offering
| Start date | End date | Location | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|
| February 13, 2023 | February 24, 2023 | Beijing, China | CT 23.01V | English | Invitation |
| March 20, 2023 | March 31, 2023 | Vienna, Austria | JV 23.09 | English | Deadline passed |
| May 8, 2023 | May 19, 2023 | Singapore, Singapore | ST 23.35 | English | Apply online by February 10, 2023 |
Workshop on the Joint IMF World Bank Debt Sustainability Framework for Low-Income Countries DSF LIC
English, May 15-19, 2023, Singapore, Singapore
Apply online by January 30, 2023
Virtual : Monetary Policy Frameworks and Operations
English (French, Portuguese), January 16, 2023 - February 3, 2023, Ebene, Mauritius
Apply online by January 31, 2023
Macroeconomic Management in Resource Rich Countries (MRC)
English (French, Portuguese), February 27, 2023 - March 10, 2023, Ebene, Mauritius
Apply online by January 31, 2023
Virtual : Fintech Market Development and Policy Implications (FINTECH)
English (French, Portuguese), February 27, 2023 - March 3, 2023, Ebene, Mauritius
Apply online by February 1, 2023
Implementing AML/CFT Standards ¿ Enhancing Beneficial Ownership Transparency Frameworks (AMLS)
English, July 3-7, 2023, Singapore, Singapore
Apply online by February 3, 2023