Financial Market Infrastructures: Principles and Practices
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Bibliographic details
- Session: CE 24.20
- Location: Kuwait City, Kuwait
- Dates: September 29, 2024 - October 3, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Arabic
- Status: Deadline passed
Training program overview
- Session No.: CE 24.20
- Location: Kuwait City, Kuwait
- Date: September 29, 2024 - October 3, 2024 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Interpretation Language: Arabic
- Status: Deadline passed
- Presented by: Monetary and Capital Markets Department
Target audience and qualifications
- 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.
- Qualifications:
- Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments.
Course description and content
- Focus:
- Principles for Financial Market Infrastructures (PFMI).
- Instructional methods:
- Combination of lectures, case study simulations, group or individual presentations, and panel discussions.
- Lecture topics include:
- The 24 principles and 5 responsibilities for authorities under the PFMI.
- The Disclosure Framework and Assessment Methodology.
- Topical issues on cyber resiliency, distributed ledger technology, and relevant digital innovations.
- Practical components:
- Participants apply standards to a hypothetical country to assess the level of compliance of its payment system, securities settlement system, and central securities depository.
- Self-assessment exercises are based on targeted principles.
- Hands-on self-assessment results are discussed through group presentations and de-briefings.
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.