{
  "title": "Financial Market Infrastructures: Principles and Practices (FMI-PP)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/courses/fmi-pp",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/courses/fmi-pp",
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  "summary": "The course is designed to be interactive by using a combination of lectures, case study simulations, group or individual presentations, and panel discussions.",
  "publishDate": "2024-07-30",
  "sections": [
    {
      "heading": "Course overview",
      "content": "- The course, presented by the Monetary and Capital Markets Department, focuses on the Principles for Financial Market Infrastructures (PFMI).\n- The course is designed to be interactive using a combination of lectures, case study simulations, group or individual presentations, and panel discussions.\n- 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.\n- Participants apply the standards to a hypothetical country to assess the level of compliance of its payment system, securities settlement system, and central securities depository.\n- Self-assessment exercises are based on targeted principles; results are discussed through group presentations and de-briefings."
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience:\n  - Mid- to senior-level officials working in the payment, legal, risk management, and technology departments at the central bank or supervisory authority and in positions with similar responsibilities.\n- Qualifications:\n  - Participants should have experience in operations, policy, and/or oversight in one or more of the following areas: financial market infrastructures (such as payments systems, securities settlement systems, central securities depositories, central counterparties, and trade repositories), legal, risk management, and technology departments."
    },
    {
      "heading": "Course objectives",
      "content": "- Upon completion of the course, participants should be able to:\n  - Understand a framework of the Principles for Financial Market Infrastructures.\n  - Apply the standards for the compliance of its payment system, securities settlement system, and central securities depository.\n  - 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."
    }
  ],
  "bullets": [
    "The 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 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 apply the standards to a hypothetical country to assess the level of compliance of its payment system, securities settlement system, and central securities depository.",
    "Self-assessment exercises are based on targeted principles; results are discussed through group presentations and de-briefings.",
    "Target audience:",
    "Qualifications:",
    "Upon completion of the course, participants should be able to:"
  ],
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  "generatedAtUtc": "2026-09-29T16:36:12.883Z"
}