## Virtual: Financial Market Infrastructures: Principles and Practices

## Source details

**Canonical URL:** [Virtual: Financial Market Infrastructures: Principles and Practices](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v/bundle-manifest.json)

## Bibliographic details
- Session: AT 24.19V
- Location: Ebene, Mauritius
- Dates: March 18-22, 2024 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: French Portuguese
- Status: Deadline passed

---

### Target audience and qualifications
- 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.
- Qualifications:
  - Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments.

### Course description and pedagogy
- Presented by the Monetary and Capital Markets Department.
- Focus:
  - The Principles for Financial Market Infrastructures (PFMI).
  - The Disclosure Framework and Assessment Methodology.
  - Topical issues on cyber resiliency, distributed ledger technology, and relevant digital innovations.
- Teaching methods:
  - Combination of lectures, case study simulations, and panel discussions.
  - Interactive, hands-on self-assessment exercises based on a hypothetical country.
  - Group presentations and de-briefings to discuss self-assessment results.

### Standards, scope, and self-assessment areas
- Standards covered:
  - The 24 principles and 5 responsibilities for authorities under the PFMI.
- Self-assessment exercises target principles including:
  - Legal basis
  - Credit risk
  - Collateral
  - Default management
  - Liquidity risk
  - Central securities depositories
  - Money settlements
  - General business risk
  - Operational risk
- Systems assessed:
  - Payment system
  - Securities settlement system
  - Central securities depository

### Course objectives
Upon completion of this course, participants should be able to:
- 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.

---


## References

- [Virtual Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2024/fmi-ppat24-19v_