Training Program
Collateral and Risk Management Framework (CRMF)
This course explains the collateral and risk management framework that central banks should develop for their standard monetary operations and emergency liquidity assistance (ELA). The course covers asset eligibility, valuation, risk control measures, haircut modeling, and conditionality in the case of ELA. The course discusses specific topics such as accepting credit claims as collateral and extending liquidity support to non-bank financial institutions of systemic importance. It also includes an ELA simulation (case study) run.
Target Audience
Mid- to senior-level officials in central banks interested in collateral and risk management framework, working in monetary policy operation, banking supervision, financial stability departments.
Qualifications
Participants are expected to have professional experience in central bank operations, risk management, financial markets, or related quantitative fields. A solid understanding of monetary policy, financial stability, and collateral frameworks is essential, along with analytical skills and the ability to design effective policy solutions. Programming skills in Matlab are a plus.
Course Objectives
Upon completion of this course, participants should be able to:
- Identify key factors for collateral eligibility, such as safety, liquidity, legal certainty, and availability in the banking system.
- Compare narrow and broad collateral frameworks, including their benefits and risks.
- Understand how to value different types of assets in both liquid and illiquid markets.
- Explain the concept of risk equivalence and how it helps guide collateral selection and risk control.
- Explore tools for managing risk, including haircuts, margin calls, and concentration limits.
- Examine the challenges and benefits of expanding collateral eligibility, including foreign assets and credit claims, especially during crises.
Module 1 Compiling Annual GDP Estimates in FCS Using Limited Source Data
English (Arabic) | June 21-24, 2026 | In-person Training | Kuwait City, Kuwait
Apply online by March 2, 2026
Insurance Supervision - IFRS17 Implementation
English | April 12-15, 2026 | In-person Training | Male, Maldives
Apply online by March 4, 2026
Exchange Rate Policy (ERP)
English | May 4-15, 2026 | In-person Training | Singapore, Singapore
Apply online by March 5, 2026
Executive Training 2 on Fiscal Policy Considerations (FPA)
English | April 26-30, 2026 | In-person Training | Kuwait City, Kuwait
Apply online by March 5, 2026
Fiscal Frameworks (FF)
English (French, Portuguese) | April 13-24, 2026 | In-person Training | Ebene, Mauritius
Apply online by March 6, 2026