Systemic Macro Financial Risk Analysis (MFRA)

Source details

Session No.: JV 27.32
Location: Vienna, Austria
Date: October 18-29, 2027 (2 weeks)
Delivery Method: In-person Training
Primary Language: English
Target Audience:
- Junior- to mid-level officials from central bank financial stability departments, banking regulatory and supervisory bodies, and ministries of finance responsible for risk analysis, supervision, macrofinancial forecasting.
Qualifications:
- Some experience with financial stability analysis is highly desirable.

The course provides a comprehensive overview of the concepts, tools, and techniques underpinning financial stability analysis.
It covers the definitions, identification, and assessment of systemic risk using a range of models and tools with a discussion of their strengths and limitations.
The course examines the interactions and feedback loops between macroeconomic variables and the financial sector, as well as risks and vulnerabilities of banks, nonbank financial institutions (NBFIs), non-financial corporates, households, and the sovereign.
The course also provides a high-level overview of macrofinancial risk analysis using stress testing of financial institutions and other sectors, contagion and interconnectedness analysis, as well as emerging topics, such as systemwide liquidity, feedback loops between the real and financial sectors, and/or climate and fintech-related risks.

Due to the transition to a new IMF course registration system, formal applications for this course cannot be submitted at this time.
Interested participants are asked to click on the "Apply here" button and submit their details so they can be notified when applications open.

Upon completion of this course, participants should be able to:

Explain how to use balance sheet and market data to construct risk indicators to measure and monitor sector and systemic risk.
Build tools and identify data requirements for effective monitoring of systemic risk.
Analyze risk transmission channels and feedback mechanisms between macroeconomic developments and financial stability.
Assess the resilience of the financial system to solvency and liquidity stress.