Central Banking and Financial Sector Legal Frameworks

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 will focus mainly on central banking issues.

Course Objectives: Upon completion of this course, participants should be able to: 

• Explain the linkages between various aspects of the central banking and financial sector legal frameworks and their implications. 

• Identify key legal and current policy issues relevant to central banking and financial sector legal frameworks 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.