Central Banking, Risk Management and Governance

By attending this course, you will understand:

• That Central Banks have important public policy functions to fulfil.
• That Risk management in central banking operations is crucial to achieving policy goals.
• What governance of a central bank means and how it is achieved.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Activities and Responsibilities of Central Banks

• Overview of key functions
• Policy instruments
• Regulatory role
• The challenge of Fintech

Central Banking Risk Management

• The range of risks
• AML-CFT risk management framework
• The impact of Big Data
• Economic forecasting

Central Banking Organization and Governance

• Mission and values
• Organization and decision-making
• The pillars of central bank governance
• Developing a communication strategy

Innovation in Central Banking

• The need for Innovation
• Framework of innovation in Central Banking
• Innovation hubs

Course Review

• Summary and recap of key learning objectives
• Action Planning

This course is suitable for:

• Central bank staff
• Those who want to understand the key functions of central banks and how they operate.

Upon completion of this course, you will be able to:

• Explain the core activities of central banks.
• Discover the ways in which central banks manage risk.
• Examine the issues affecting the governance of central banks.
• Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.