## Macro-Stress Testing I (MST)

## Source details

**Canonical URL:** [Macro-Stress Testing I (MST)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2024/mstst24-22/bundle-manifest.json)

## Bibliographic details
- Session: ST 24.22
- Location: Singapore, Singapore
- Dates: November 25-29, 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.
- Status: Deadline passed

### Course description — scope, topics, and format
- 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:
  - feedback loops between real and financial sectors,
  - asset fire-sales,
  - climate,
  - systemwide liquidity,
  - fintech related risks.
- 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:
  - 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,
  - incorporating results in policy decision making, for example, by informing the calibration of capital and liquidity buffers.
- 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.

### Course objectives
Upon completion of this 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)
- [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/st/2024/mstst24-22_