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FCBLx

Foundations of Central Bank Law (FCBLx)

Apply online by March 4, 2022 Deadline extended

Session No.: OL 21.154

Location: Course conducted online

Date: September 1, 2021 - April 15, 2022 (33 weeks)

Primary Language: English

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    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 Institute for Capacity Development and the 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 legal underpinnings of the mandate, decision-making structures, autonomy, accountability, transparency, and operations of central banks. This course combines theoretical components with practical exercises 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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