Due to the COVID-19 pandemic, IMF face-to-face courses held in Washington, DC and our regional training centers have been cancelled until further notice. In light of the evolving nature of the outbreak, we are unable to confirm when or if the courses will be rescheduled. However, the IMF is offering some courses virtually. Please visit our website regularly for up-to-date course information.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 materials provide 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 mid-level 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 8, 2021 | February 12, 2021 | Ebene, Mauritius | AT 21.04V | English (French) | Deadline passed |
| February 15, 2021 | February 19, 2021 | Ebene, Mauritius | AT 21.13V | English (French) | Deadline passed |
| March 15, 2021 | March 26, 2021 | Vienna, Austria | JV 21.10V | English | Deadline passed |
| April 5, 2021 | April 16, 2021 | Singapore, Singapore | ST 21.09V | English | Apply online by January 31, 2021 |
Virtual - Inclusive Growth (IG)
English (French), February 8-12, 2021, Ebene, Mauritius
Apply online by January 17, 2021
Virtual: Assessing and Managing Fiscal Risks from Public-Private-Partnerships (AMFR-PPP)
English, March 8-11, 2021, Vienna, Austria
Apply online by January 18, 2021
Medium-Term Debt Management Strategy (MTDSX)
English, January 20, 2021 - February 24, 2021, Course conducted online
Apply online by January 19, 2021
Virtual : Financial Soundness Indicators (FSI)
English (French), February 22-25, 2021, Ebene, Mauritius
Apply online by January 20, 2021
Virtual : Gender Budgeting (GB)
English (Russian), February 24-26, 2021, Vienna, Austria
Apply online by January 20, 2021