Financial Soundness Indicators (FSIx) — Training Program (Session No.: OL 23.233)

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Target Audience:
- Officials at central banks and supervisory agencies for the financial sector who are involved in the collection, compilation, and analysis of financial soundness indicators (FSIs).
Qualifications:
- Participants are expected to have a degree in economics, statistics, finance or accounting, or equivalent experience.
- Access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

The course was presented by the Statistics Department of the International Monetary Fund (IMF).
Focus:
- Introduces participants to the underlying concepts, definitions, and methodology for the compilation of Financial Soundness Indicators (FSIs).
Historical and global context:
- FSIs were developed by the IMF in the late 1990 s.
- More than 140 countries compile and report FSIs to the IMF.
Uses of FSIs:
- Widely used by researchers, analysts, and policymakers to monitor the soundness of the financial system from a macroprudential perspective.
- Used by IMF staff in financial stability analysis and surveillance.
Topics covered:
- History of the FSIs and their application in surveillance and macroprudential analysis.
- The conceptual framework for the FSIs.
- The data collection process for FSI compilation and its underlying aggregation and consolidation methodologies.
- Application of core and additional FSIs in macroprudential analysis.
Reference material:
- An important reference throughout the course is the Financial Soundness Indicators Compilation Guide revised in 2019.
- The 2019 FSIs Guide is described as the ultimate authority on FSI concepts and methods and is the foundation of the course.

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

Define the key concepts of the FSIs and their application in surveillance and macroprudential analysis.
Define the conceptual framework including application of the regulatory capital, leverage and liquidity concepts used in FSI compilation.
Describe the data preparation process for FSI compilation, and apply the recommended aggregation and consolidation methodologies.
Specify each of the Core and Additional FSIs for deposit-takers and explain the application of each in macroprudential analysis.
Identify the source data and specify the FSIs for non-deposit takers, and explain their application in macroprudential analysis.