Macro Prudential Policies

Course details

Target Audience:

Mid- to senior-level officials working in the GCC central bank regulation and supervision or financial stability departments/units and other financial regulatory and supervisory authorities.

Qualification:

Participants should be currently working in a central bank regulatory/supervisory/financial stability department or other financial regulatory/supervisory institution, and have experience in the area of stress testing, Basel II, and financial stability analysis.

Language:

The workshop is conducted in English only. Due to the technical nature of the course, English proficiency is a prerequisite.

Course Description:

This three-day event is organized jointly by the Central Bank of Kuwait (CBK) and the IMF Middle East and Central Asia Department (MCD), Monetary and Capital Markets Department (MCM), and the IMF Middle East Center for Economics and Finance (CEF). It will bring together experts from within and outside the IMF, as well as GCC country officials, to discuss conceptual issues and cross-country experiences related to GCC country macroprudential policies and their underlying institutional set up, mandate, and toolkit; as well as issues in identification and management of systemic risk, and challenges in implementing macroprudential policies. Last, the workshop aims to make participants conversant in the various macroprudential tools and frameworks through hands-on exercises, taking into consideration the GCC countries’ fixed exchange regimes and limited monetary independence.