English

Financial Sector Surveillance (FSS)

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Apply online by January 19, 2018
Course No.: ST 18.15
Location: Singapore, Singapore
Date: June 18, 2018-June 29, 2018 (2 Weeks)
Language: English

Target Audience:

Junior to mid-level government officials tasked with surveillance of the financial sector, especially staff of the central bank, financial regulators, and other agencies that engage in macroprudential oversight.

Qualifications:

Participants should have a degree in economics or finance, preferably at the master's level, or equivalent work experience; good quantitative skills; and proficiency in the use of computers to analyze data. It is highly recommended that applicants complete the online Financial Market Analysis (FMAx) course before enrolling in this course. Because many of the workshops use Excel worksheets, familiarity with the basics of Excel is important.

Course Description:

This course, presented by the IMF Institute for Capacity Development, introduces participants to key concepts and tools used to analyze and mitigate financial sector vulnerabilities in order to lay a foundation on which to build surveillance systems. A priority is assessment of the main risks facing both bank and nonbank financial institutions and their macroeconomic implications. The course explains how to detect a build-up of vulnerabilities that may threaten financial stability and contaminate other sectors of the economy. A combination of lectures and hands-on workshops allows participants to apply use the latest risk assessment techniques.

Course Objectives:

Upon completion of this course, participants should be able to- Measure the main bank risks (e.g., credit, market, funding) and use bank balance sheet indicators of financial soundness (e.g., asset quality, liquidity), such as IMF Financial Soundness Indicators, in assessing banking system risks.- Design and perform basic stress tests of solvency and liquidity and interpret the results.- Recognize the importance of nonbank financial intermediaries and their links to banks.- Assess macrofinancial linkages (e.g., the impact of business cycles on bank soundness), including the links between the financial sector, the government, and the real economy.- Track the buildup of systemic risk and vulnerabilities associated with credit, real estate prices, leverage, balance sheet mismatches, and interconnectedness. - Assess how shocks can amplify throughout the financial system, e.g., through adverse liquidity spirals-a new approach to financial regulation since the global financial crisis.

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.