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Macro-Prudential Surveillance Program

05.09.2015

Multiple Views, One Objective

This course is designed to enhance participants' understanding of the practice of Macroprudential Surveillance. This program goes beyond theoretical concepts and drills down to the "how-to-do-it" and the challenges facing macroprudential surveillance. It is a highly interactive program. Through the use of case studies, this program aims to provide participants with a practical approach to surveillance. It emphasizes that while models and quantitative techniques are useful, they have their limitations and must be complemented with non-model based approaches of identifying vulnerabilities such as collecting market intelligence, monitoring build-up of risks from new products and new market developments, monitoring excessive growth of financial aggregates and relying on good supervision to uncover threats to financial stability.

Course Objectives

At the end of this course, participants will be alert to implications of movements and trends of various indicators on financial stability and the use of various tools and techniques to assess the true state of financial stability and whether supervisory intervention is needed. Through the various case studies and exercises, participants will learn to: 

  • Use soft skills, in particular the four box approach to persuade and manage stakeholders;
  • Assess vulnerabilities of the financial sector through the use of various indicators and taking account of their macro-financial linkages• Design scenarios for stress testing of bank capital and liquidity and using the results of stress testing;
  • Use various macro-prudential tools for possible policy intervention;
  • Identify systemically important financial institutions (SIFIs); and 
  • Assess systemic impact through the use of heat maps 

Medium of instruction: Most presentations will be in English but translation services and course materials will be provided for Francophone participants.

Target Audience: The course is designed for middle-to-senior level officials from Central Banks and supervisory agencies involved in managing financial stability, financial surveillance, and supervision of financial institutions.