Financial Sector Surveillance
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- Financial Sector Surveillance
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Bibliographic details
- Session: JV 24.06
- Location: Vienna, Austria
- Dates: March 18-29, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed
Program logistics
- Session No.: JV 24.06
- Location: Vienna, Austria
- Date: March 18-29, 2024 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Deadline passed
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 and prerequisites
- Expected qualifications:
- A degree in economics or finance, preferably at the master’s level, or equivalent work experience.
- Good quantitative skills.
- Proficiency in the use of computers to analyze data.
- Strong recommendations:
- It is strongly recommended that applicants have completed the online Financial Market Analysis (FMAx) course.
- Familiarity with the basics of Microsoft Excel, because many of the workshops use Microsoft Excel worksheets.
Course description
- The 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.
- 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.
Course objectives
- Upon completion of this course, participants should be able to:
- Measure the main risks facing banks (e.g., credit, market, liquidity, 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.
- Understand the main climate risk drivers and transmission channels to financial institutions’ balance sheets, and perform basic climate stress tests.
- 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, 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.¿
References