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Financial Sector Policies

Financial Market Infrastructures: Principles and Practices (FMI-PP)

Apply online by July 15, 2024 Deadline extended

Session No.: ST 24.30

Location: Singapore, Singapore

Date: October 7-11, 2024 (1 week)

Delivery Method: In-person Training

Primary Language: English

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    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.

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    Qualifications

    Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments.

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    Course Description

    This course, presented by the Monetary and Capital Markets Department, focuses on the Principles for Financial Market Infrastructures (PFMI). The course is designed to be interactive by using a combination of lectures, case study simulations, group or individual presentations, and panel discussions. Lectures focus on the 24 principles and 5 responsibilities for authorities under the PFMI, the Disclosure Framework, and Assessment Methodology, and topical issues on cyber resiliency, distributed ledger technology, and relevant digital innovations. Participants, after gaining a basic understanding of the standards, apply them to a hypothetical country to assess the level of compliance of its payment system, securities settlement system, and central securities depository. The self-assessment exercises are based on targeted principles. After the hands-on self-assessment experience, results are discussed through group presentations and de-briefings. 

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    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.
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