Financial Sector Legal Frameworks (FSLF)

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Deadline for the application has passed.
Course No.: JV 17.12
Location: Vienna, Austria
Date: May 1, 2017-May 5, 2017 (1 Week)
Language: English (Russian)

Target Audience:

Central bank or ministry of finance lawyers from transition and emerging market economies who are involved in central banking, oversight of financial markets, infrastructure, financial sector regulation/supervision, bank resolution and crisis management. The course is targeted at senior counsels and participants should have a good understanding of the key legal issues pertaining to financial sector issues.


Participants should have five years of relevant work experience, good knowledge of financial sector legal frameworks, and preferably an advanced law degree.

Course Description:

This course, presented by the IMF's Legal Department, covers selected issues of the institutional and legal infrastructure that are necessary to support sound and efficient market-based financial systems. As such, it addresses legal underpinnings of effective central banking, oversight of financial market infrastructures, financial sector regulation/supervision, bank resolution, and crisis management. This year's course mainly focusses on regulation, supervision, and resolution of financial institutions.
Course Objectives: Upon completion of this course, participants should be able to:
  • Explain the linkages between various aspects of regulation, supervision, and resolution of financial institutions of the central banking and financial sector legal framework and their implications.
  • Identify key legal and current policy issues relevant to central banking and financial sector legal framework, and best practice approaches to addressing them, including through law reform.
  • Identify legal design approaches that have proven effective, based on cross-jurisdictional experiences shared by presenters and fellow participants.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.