Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

This course is designed to equip central bankers to meet these challenges.

Course introduction

Course introduction session led by the chair

• Introductions and welcome from the chairperson
• Overview of the training course
• Discussion of the delegate expectations

Macro-prudential policies: policy responses to Covid-19

• Tips for effective coordination and calibration of macro- and micro-prudential policy
• Implications for institutional arrangements and organisation
• Examples of mechanisms for a continuous exchange of information for conflict resolution
• Case study: macro- and micro-prudential supervision in a Covid-19 era

Climate risks as the new source of systemic instability

• Implications of climate change for the stability of financial systems
• Overview of key transition and physical risks
• The role of financial policy and regulation
• Climate scenario analysis for central banks and supervisors

Stress testing

• Stress testing: taxonomy and key concepts
• Stress testing in the euro area, UK, and the US
• Stress testing: the way forward
• Climate change stress tests

Formulation of macro-prudential policies: implementation and governance issues

• Key steps for the effective design of macro-prudential policy
• Ensuring effective use of policy tools and instruments
• Main operational and governance challenges, institutional limitations and how to overcome them
• Discussion: formulation, implementation, and governance of macro-prudential policy in the delegates’ jurisdictions

Basel IV – The Final Countdown

• Basel IV implementation: Overview of global progress and main challenges
• EU Banking Package 2021: Finalisation of the CRR 3 and CRD 6 legislative process
• Progress in other key jurisdictions: Focus on the new US Basel III endgame and UK Basel 3.1 proposals
• Expected impact across regions: Will Basel IV disadvantage EU banks versus their US or global counterparts?

Making the most of big data and advanced analytics in macro-prudential analysis

• Big data
• Big data and central banks
• Opportunities & risks
• Applications to systemic risk

Monetary policy and financial stability: longevity of ‘leaning against the wind'

• Key areas of interactions between financial stability and monetary policy
• Overview of dilemmas associated with ‘leaning against the wind’
• Implications for risk taking, credit and asset prices
• Discussion: how closely should decision on macro-prudential and monetary policy be integrated?

Shadow banking and its role in the recent Covid-19 crisis

• Recent developments in shadow banking: some relevant statistics
• The role of shadow banking institutions during the Covid-19 crisis
• Is there a need to reassess the prudential regulatory approach?

Systemic stress-testing: new tools and frameworks: is Covid-19 prompting a reassessment?

• The evolving role of systemic stress-testing in financial stability assessment
• Building blocks of an effective stress testing framework
• Avenues for post-Corona stress-testing
• Discussion: is Covid-19 prompting a reassessment?

Understanding the dynamics of financial stability: Financial Sector Stability Assessments

• A comprehensive approach to financial stability
• Conceptual underpinnings of Financial Sector Assessment Program (FSAP)
• Case studies

Financial stability and the evolution of global interest rates: the end of the low interest rate era?

• Causes of the secular decline in interest rates
• Stability implications
• Effects on emerging markets
• Recent and prospective interest rate movements
• Possible policy responses

Closing remarks and delegate action plans

Concluding session led by the chair

• Summary of the course
• Discussion of the observed trends and case studies
• Application of learning points in the delegates’ home organisations
• Preparation of action points

This course hasn't been scheduled yet, however you can request for In-House training