{
  "title": "Macro-Stress Testing (MST)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2026/mstst26-25",
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  "summary": "Macro-Stress Testing Training Program Target Audience Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.",
  "publishDate": "2025-11-11",
  "sections": [
    {
      "heading": "Course overview and logistics",
      "content": "- Session No.: ST 26.25\n- Location: Singapore, Singapore\n- Date: November 23-27, 2026 (1 week) New dates\n- Delivery Method: In-person Training\n- Primary Language: English\n- Presented by the Monetary and Capital Markets Department (MCM)"
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience:\n  - Mid-level to senior officials working on financial supervision or financial stability in central banks or other supervisory authorities.\n- Qualifications:\n  - Participants are expected to have experience with stress testing, Basel regulations, and financial stability analysis."
    },
    {
      "heading": "Course description — scope and modules",
      "content": "- Coverage:\n  - Recent developments in stress testing for banks, insurance companies and mutual funds.\n  - Regional specificities, with an example: the offering for the Middle East and Northern Africa (MENA) region includes analysis of Islamic finance.\n  - New and emerging topics in stress testing, including:\n    - Feedback loops between real and financial sectors\n    - Asset fire-sales\n    - Climate\n    - Systemwide liquidity\n    - Fintech related risks\n- Tools and integration:\n  - Opportunity to learn and apply new tools used or created by MCM for stress testing and systemic risk analysis.\n  - Some tools are integral to the Financial Sector Assessment Program (FSAP) and technical assistance missions.\n- Pedagogy and activities:\n  - 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 and incorporating them into policy decision making (for example, informing the calibration of capital and liquidity buffers)\n  - Focus on the scenario design, solvency and liquidity elements and their interactions.\n  - Course concludes with a roundtable discussion for exchanging knowledge and country experiences.\n  - Guest speakers from industry are invited in many cases to discuss specific topics."
    },
    {
      "heading": "Course objectives (learning outcomes)",
      "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": [
    "Session No.: ST 26.25",
    "Location: Singapore, Singapore",
    "Date: November 23-27, 2026 (1 week) New dates",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Presented by the Monetary and Capital Markets Department (MCM)",
    "Target audience:",
    "Qualifications:",
    "Coverage:",
    "Tools and integration:",
    "Pedagogy and activities:",
    "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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  },
  "generatedAtUtc": "2026-09-29T20:48:51.939Z"
}