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Financial Sector Policies

Financial Crisis Management (FCM)

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Session No.: JV 24.27

Location: Vienna, Austria

Date: September 16-26, 2024 (2 weeks) New dates

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Mid-level to senior officials in central banks, regulatory agencies, supervisory authorities, ministries of finance, deposit insurance funds, and other agencies with responsibility for bank supervision, bank resolution, and the operation of financial safety nets. Participants are expected to have experience in bank supervision, bank resolution (policy issues or operational experience) and/or depositor protection, and expected to play a key role in financial crisis preparedness and management in their respective institutions.

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    Course Description

    This course, presented by the IMF’s Monetary and Capital Markets Department in collaboration with the Yale Program on Financial Stability and the JVI, provides a comprehensive overview of conceptual and operational issues related to the restructuring and resolution of weak banks. Among the topics discussed during the course are:

    • Identification and supervision of weak banks: common causes of banking problems and how to identify them as well as early intervention tools and supervisory approaches for dealing with weak banks;
    • Operational preparedness: institutional foundations of the financial safety net and inter-agency coordination; building blocks of effective resolution regimes (guided by the Financial Stability Board’s Key Attributes of Effective Resolution Regimes); recovery and resolution planning; initiatives to test operational preparedness; and the role of deposit insurance and depositor preference;
    • Crisis containment: liquidity support, government guarantees, and exceptional administrative measures to stop persistent liquidity outflows;
    • Bank restructuring and resolution: initiation of resolution proceedings; resolution options for systemically important and non-systemic banks; cross-border resolution; system-wide diagnostics and restructuring strategies; and policy considerations and instruments for public capital support;
    • Dealing with distressed assets: market failures and policy reforms; approaches for resolving nonperforming loans—supervisory policies, insolvency and debt enforcement, distressed asset markets and the role of asset management companies.

    The course draws on lessons learned from past crisis management strategies in crisis countries and has a strong applied focus, as reflected by numerous mini case studies, workshops and a crisis simulation group assignment that are integrated into the course.

    The course includes in-person attendance of a one-day SUERF-OeNB-JVI-Yale Program on Financial Stability Conference on “Building Resilience and Managing Financial Crises” in Vienna on Wednesday, 18 September.
     

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Explain the building blocks of crisis preparedness and management.
    • Identify weak banks and devise strategies for dealing with them.
    • Pinpoint key design features of effective resolution regimes and options for enhancing operational preparedness.
    • Identify stabilization options in response to financial panic and design credible strategies for bank restructuring and resolution at an individual and system-wide level.
    • Compare options for dealing with distressed assets.
       
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