{
  "title": "Virtual: Financial Market Infrastructures: Principles and Practices",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v",
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  "summary": "Virtual: Financial Market Infrastructures: Principles and Practices Training Program Target Audience Mid- to senior-level officials working in the payment, legal, and technology departments at the central bank and in positions with similar responsibilities.",
  "publishDate": "2024-05-15",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Mid- to senior-level officials working in the payment, legal, and technology departments at the central bank and in positions with similar responsibilities.\n- Qualifications:\n  - Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments."
    },
    {
      "heading": "Course description and pedagogy",
      "content": "- Presented by the Monetary and Capital Markets Department.\n- Focus:\n  - The Principles for Financial Market Infrastructures (PFMI).\n  - The Disclosure Framework and Assessment Methodology.\n  - Topical issues on cyber resiliency, distributed ledger technology, and relevant digital innovations.\n- Teaching methods:\n  - Combination of lectures, case study simulations, and panel discussions.\n  - Interactive, hands-on self-assessment exercises based on a hypothetical country.\n  - Group presentations and de-briefings to discuss self-assessment results."
    },
    {
      "heading": "Standards, scope, and self-assessment areas",
      "content": "- Standards covered:\n  - The 24 principles and 5 responsibilities for authorities under the PFMI.\n- Self-assessment exercises target principles including:\n  - Legal basis\n  - Credit risk\n  - Collateral\n  - Default management\n  - Liquidity risk\n  - Central securities depositories\n  - Money settlements\n  - General business risk\n  - Operational risk\n- Systems assessed:\n  - Payment system\n  - Securities settlement system\n  - Central securities depository"
    },
    {
      "heading": "Course objectives",
      "content": "Upon completion of this course, participants should be able to:\n- Describe 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": [
    "Target Audience:",
    "Qualifications:",
    "Presented by the Monetary and Capital Markets Department.",
    "Focus:",
    "Teaching methods:",
    "Standards covered:",
    "Self-assessment exercises target principles including:",
    "Systems assessed:",
    "Describe a framework of the Principles for Financial Market Infrastructures.",
    "Apply the standards for the compliance of its payment system, securities settlement system, and central securities depository.",
    "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."
  ],
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  "generatedAtUtc": "2026-09-29T16:49:23.978Z"
}