{
  "title": "Macro-Stress Testing (MST)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mstce24-21",
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  "summary": "Macro-Stress Testing Training Program Target Audience Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.",
  "publishDate": "2025-09-11",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.\n- Qualifications:\n  - Participants are expected to have experience with stress testing, Basel regulations, and financial stability analysis."
    },
    {
      "heading": "Course scope and content",
      "content": "- Coverage:\n  - Recent developments in stress testing for banks, insurance companies and mutual funds.\n  - Regional adaptations, including analysis of Islamic finance for the Middle East and Northern Africa (MENA) region.\n  - New and emerging topics: feedback loops between real and financial sectors, asset fire-sales, climate, systemwide liquidity, and fintech related risks.\n  - Tools integral to the Financial Sector Assessment Program (FSAP) and technical assistance missions.\n  - Sharing of participant experiences and guest speakers from industry.\n- Hands-on training modules:\n  - Entering data and estimating macro-financial models.\n  - Designing scenarios and selecting assumptions.\n  - Running tests and integrating feedback loops between financial and real sectors.\n  - Communicating results and incorporating them in policy decision making (for example, informing the calibration of capital and liquidity buffers).\n- Focus areas:\n  - Scenario design, solvency and liquidity elements of stress testing, and their interactions.\n  - Course concludes with a roundtable discussion for exchanging knowledge and country experiences."
    },
    {
      "heading": "Learning objectives",
      "content": "Upon completion of the course, participants should be able to:\n- Identify main sources of financial stability risk.\n- Summarize the principles for developing macro-financial stress scenarios.\n- Link changes in macroeconomic and financial variables with financial results and measure their relative impact.\n- Assess the resilience of individual entities and the financial system to solvency and liquidity stress.\n- Develop and incorporate models that are capturing second round effects or interactions between different risk types."
    }
  ],
  "bullets": [
    "Target Audience:",
    "Qualifications:",
    "Coverage:",
    "Hands-on training modules:",
    "Focus areas:",
    "Identify main sources of financial stability risk.",
    "Summarize the principles for developing macro-financial stress scenarios.",
    "Link changes in macroeconomic and financial variables with financial results and measure their relative impact.",
    "Assess the resilience of individual entities and the financial system to solvency and liquidity stress.",
    "Develop and incorporate models that are capturing second round effects or interactions between different risk types."
  ],
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  },
  "generatedAtUtc": "2026-09-29T16:59:30.269Z"
}