Emergency Liquidity Assistance

Training Program

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Emergency Liquidity Assistance (ELA)

This course explains various operational aspects of an ELA framework and the role of a collateral framework. Topics include conditions for ELA, parameters, conditionality, internal organization and governance, role of government, the building blocks of a collateral framework (eligibility, valuation, risk control measures), as well as communication and transparency. It also includes an ELA simulation (case study).

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.

Course Objectives

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

Use the operational principles and conditions under which Emergency Liquidity Assistance (ELA) is provided in a practical setting.
Analyze the parameters, conditionality, and governance structures involved in ELA frameworks.
Evaluate the role of government in the context of ELA.
Identify and apply the key components of a collateral framework, including eligibility criteria, valuation methods, and risk control measures.
Assess the importance of communication and transparency in the implementation of ELA.

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