## Macro-Stress Testing (MST)

## Source details

**Canonical URL:** [Macro-Stress Testing (MST)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mstce24-21)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2024/mstce24-21/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2024/mstce24-21/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2024/mstce24-21/bundle-manifest.json)

## Bibliographic details
- Session: CE 24.21
- Location: Kuwait City, Kuwait
- Dates: October 6-10, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Target audience and qualifications
- Target Audience:
  - Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.
- Qualifications:
  - Participants are expected to have experience with stress testing, Basel regulations, and financial stability analysis.

### Course scope and content
- Coverage:
  - Recent developments in stress testing for banks, insurance companies and mutual funds.
  - Regional adaptations, including analysis of Islamic finance for the Middle East and Northern Africa (MENA) region.
  - New and emerging topics: feedback loops between real and financial sectors, asset fire-sales, climate, systemwide liquidity, and fintech related risks.
  - Tools integral to the Financial Sector Assessment Program (FSAP) and technical assistance missions.
  - Sharing of participant experiences and guest speakers from industry.
- Hands-on training modules:
  - Entering data and estimating macro-financial models.
  - Designing scenarios and selecting assumptions.
  - Running tests and integrating feedback loops between financial and real sectors.
  - Communicating results and incorporating them in policy decision making (for example, informing the calibration of capital and liquidity buffers).
- Focus areas:
  - Scenario design, solvency and liquidity elements of stress testing, and their interactions.
  - Course concludes with a roundtable discussion for exchanging knowledge and country experiences.

### Learning objectives
Upon completion of the course, participants should be able to:
- 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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## References

- [In-person 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/ce/2024/mstce24-21_