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FCBLx

Foundations of Central Bank Law (FCBLx)

Deadline passed

Session No.: OL 19.18

Location: Course conducted online

Date: September 4, 2019 - October 16, 2019 (6 weeks) New dates

Primary Language: English

    Target Audience

    Legal advisors of central banks and ministries of finance.

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    Qualifications

    Participants are expected to have a law degree and work on legal issues pertaining to central banks, either within a central bank or within a ministry of finance.

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    Course Description

    This online course, presented by the IMF Institute for Capacity Development and the IMF Legal Department, introduces participants to the foundations of central bank law. The course covers the legal issues that are necessary to support sound and effective central banks. It addresses the nature and ownership of central banks, the legal underpinnings of their mandates, decision-making structures, autonomy, accountability, transparency, and the legal aspects of their key functions. This interactive course combines theoretical discussions and examples of best practices, with practical exercises and polling questions on how to analyze and design central bank legal frameworks.

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    Course Objectives

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

    • Identify the key legal issues that generally need to be covered in central bank legislation, and how international good practices address those issues.
    • Interpret and advise on the application of key legal issues and international good practices in domestic legislation.
    • Analyze and assess domestic central bank legislation against international good practices.
    • Develop and formulate recommendations on how to modify central bank legislation through law reform to align it to international good practices.
    • Explain to stakeholders proposed amendments to central bank legislation and defend those proposals in discussions and consultation procedures with stakeholders.
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    Important Note for Online Courses

    For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

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