Legal Aspects of Monetary and Financial Stability


This course, presented by the IMF’s Legal Department, is dedicated to the legal underpinnings of the work of central banks, bank supervisors, bank resolution authorities, deposit insurance agencies, and financial stability overseers. It covers selected issues of the standards and best practices applicable to central banking, bank supervision, bank resolution, deposit insurance, systemic-risk oversight, and financial market infrastructures. The study of real-world cases and the discussion of the policy rationale behind the standards enrich the learning experience. A course for lawyers and policymakers interested in the law and policy of monetary and financial stability.

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

• Describe and explain the linkages between various aspects of the central banking and financial sector legal framework and their implications. 

• Identify key legal and current policy issues 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.