## Foundations of Central Bank Law (FCBLx)

## Source details

**Canonical URL:** [Foundations of Central Bank Law (FCBLx)](https://www.imf.org/en/capacity-development/training/icdtc/courses/fcblx)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/courses/fcblx/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/courses/fcblx/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/courses/fcblx/bundle-manifest.json)

## Bibliographic details
- Published: August 1, 2025

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## Upcoming offerings

| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
| --- | --- | --- | --- | --- | --- | --- |
| May 1, 2026 | April 15, 2027 | Course conducted online | [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods) | [OL 26.150](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/fcblxol26-150) | English | [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.150E) by April 1, 2027 |

### Overview
- 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 and qualifications
- 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.

### Course objectives
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.

### Course content and methods
- 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.

### Delivery and speakers
- Upcoming offering indicated.
- Videos:
  - FCBLx Promotional Video.
- Speaker:
  - Wouter Bossu.

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## References

- [Online Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [OL 26.150](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ol/2026/fcblxol26-150)
- [Apply online](https://www-ins.imf.org/TAS/signon.aspx?pkey=OL26.150E)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/courses/fcblx_