## Financial Sector Surveillance

## Source details

**Canonical URL:** [Financial Sector Surveillance](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2027/fssjv27-10)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2027/fssjv27-10/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2027/fssjv27-10/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2027/fssjv27-10/bundle-manifest.json)

## Bibliographic details
- Session: JV 27.10
- Location: Vienna, Austria
- Dates: April 5-16, 2027 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Apply online by January 3, 2027

---

### Target audience and qualifications
- Target audience:
  - Junior to senior government officials tasked with surveillance of the financial sector, especially staff of the central bank, financial regulators, and other agencies that engage in macroprudential oversight.
- Qualifications:
  - Expected: a degree in economics or finance, preferably at the master's level, or equivalent work experience.
  - Required skills: good quantitative skills; proficiency in the use of computers to analyze data.
  - Recommended: completion of the online Financial Market Analysis (FMAx) course.
  - Practical tools: familiarity with the basics of Microsoft Excel, since many workshops use Excel worksheets.

### Course description
- Introduces key concepts and tools used in the identification and assessment of financial sector vulnerabilities and sources of strength.
- Provides a basic toolkit to assess financial sector risks and measure them against existing capital and liquidity buffers in the financial system.
- Focuses on early identification of macro-financial imbalances and analysis of the transmission of financial distress across institutions, markets, and economic sectors, with the objective of reducing the likelihood and the severity of financial crises.
- Uses a combination of lectures and hands-on workshops that allow participants to apply essential risk assessment techniques.

### Course objectives
- Measure the main risks facing banks (e.g., credit, market, liquidity, funding) and their respective capital and liquidity buffers, from a systemic financial stability perspective.
- Design and perform basic stress tests of solvency and liquidity and interpret the results.
- Understand the main climate risk drivers and transmission channels to financial institutions balance sheets and perform basic climate stress tests.
- Recognize the importance of nonbank financial intermediaries and their links to banks.
- Assess macro-financial linkages, including the links between the financial sector, the government, and the real economy, along with potential amplification mechanisms.
- Track the buildup of systemic risk and vulnerabilities associated with credit, leverage, balance sheet mismatches, and interconnectedness.
- Assess how shocks can amplify throughout the financial system, e.g., through adverse liquidity spirals or feedback effects between asset prices and leverage.

### Related IMF training context
- IMF offers online training to government officials and the public as part of its capacity development portfolio.

---


## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Apply Now](https://www-ins.imf.org/TAS/signon.aspx?pkey=JV27.10E)
- [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)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2027/fssjv27-10_