Foundations of Central Bank Law (FCBLx)

Source details

Start date	End date	Location	Delivery Method	Session No.	Primary & (Interpretation) language	Apply
May 1, 2026	April 15, 2027	Course conducted online	Online Training	OL 26.150	English	Apply online by April 1, 2027

Introduces participants to the foundations of central bank law.
Covers legal issues necessary to support sound and effective central banks.
Addresses the legal underpinnings of:
- the mandate,
- decision-making structures,
- autonomy,
- accountability,
- transparency,
- operations and key functions of central banks.
Combines theoretical components with practical exercises on how to analyze and design central bank legal frameworks.

Target audience:
- Legal advisors of central banks and ministries of finance.
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.

Upon completion of the 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.

Legal topics covered:
- nature and ownership of central banks,
- legal underpinnings of mandates,
- decision-making structures,
- autonomy, accountability, and transparency,
- legal aspects of key central bank functions.
Pedagogy:
- Theoretical components combined with practical exercises on analysis and design of legal frameworks.