{
  "title": "Macro-Stress Testing I (MST)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22",
  "overlayPath": "/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22/index.md",
  "summary": "Macro-Stress Testing I Training Program Target Audience Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.",
  "publishDate": "2024-11-29",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience: Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.\n- Qualifications: Participants are expected to have experience with stress testing, Basel regulations, and financial stability analysis.\n- Status: Deadline passed"
    },
    {
      "heading": "Course description — scope, topics, and format",
      "content": "- Discusses recent developments in stress testing for banks, insurance companies and mutual funds.\n- Adapted to regional specificities (example: the offering for the Middle East and Northern Africa (MENA) region includes analysis of Islamic finance).\n- Gives participants the opportunity to learn and apply new tools used or created by MCM for purposes of stress testing and systemic risk analysis.\n- Covers new, emerging topics in stress testing, such as:\n  - feedback loops between real and financial sectors,\n  - asset fire-sales,\n  - climate,\n  - systemwide liquidity,\n  - fintech related risks.\n- Notes that some tools are integral to the Financial Sector Assessment Program (FSAP) and technical assistance missions.\n- Includes guest speakers from industry in many cases to discuss specific topics.\n- Reviews stress testing objectives, methodologies, techniques, and good practices.\n- Emphasizes hands-on modules exposing participants to the entire stress testing cycle:\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,\n  - incorporating results in policy decision making, for example, by informing the calibration of capital and liquidity buffers.\n- Focus throughout the course is on scenario design, solvency and liquidity elements of the stress testing exercise and their interactions.\n- Concludes with a roundtable discussion where participants exchange knowledge and share country experiences."
    },
    {
      "heading": "Course objectives",
      "content": "Upon completion of this 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: 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.",
    "Status: Deadline passed",
    "Discusses recent developments in stress testing for banks, insurance companies and mutual funds.",
    "Adapted to regional specificities (example: the offering for the Middle East and Northern Africa (MENA) region includes analysis of Islamic finance).",
    "Gives participants the opportunity to learn and apply new tools used or created by MCM for purposes of stress testing and systemic risk analysis.",
    "Covers new, emerging topics in stress testing, such as:",
    "Notes that some tools are integral to the Financial Sector Assessment Program (FSAP) and technical assistance missions.",
    "Includes guest speakers from industry in many cases to discuss specific topics.",
    "Reviews stress testing objectives, methodologies, techniques, and good practices.",
    "Emphasizes hands-on modules exposing participants to the entire stress testing cycle:",
    "Focus throughout the course is on scenario design, solvency and liquidity elements of the stress testing exercise and their interactions.",
    "Concludes with a roundtable discussion where participants exchange knowledge and share country experiences.",
    "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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    "json": "/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22/index.json",
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  },
  "generatedAtUtc": "2026-09-29T20:40:27.341Z"
}