Key details
Mode of delivery: Classroom-based
Course code: AFB53A
Duration: 3 days
Fee: £2,765.00 + VAT
CPD Hours: 18
Course Overview
This course provides a comprehensive foundation in central banking, beginning with the origins, evolution, and key functions of central banks. It covers governance structures and compares mandates across global models. Participants will explore how monetary policy is applied—both conventionally and in crisis contexts — and evaluate its impact on financial stability. The course also addresses systemic risk, financial stability frameworks, and the importance of governance, ethics, and effective communication during periods of financial stress.
Agenda
Day — 1 Central Banking Foundations and Core Objectives
- Origins, Evolution, and Purpose of Central Banks
- Key Functions and Governance Structures
- Exploring Central Bank Mandates Across Global Models
Day — 2 Monetary Policy in Action-
- Conventional and Unconventional Policy Tools
- Crisis Response and Comparative Analysis
- Evaluating the Impact of Monetary Policy on Financial Stability
Day — 3 Financial Stability, Risk Governance, and Crisis Communication
- Systemic Risk and Financial Stability Frameworks
- Financial Stability Reports and Risk Communication
- Governance, Ethics, and Crisis Communication
Course Review
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This course is suitable for:
- Central bank officials and policy advisors
- Financial sector regulators and supervisors
- Senior staff from ministries of finance and treasury departments
- Risk management professionals in public financial institutions
- Economists and analysts specializing in monetary and financial stability.
- Members of financial stability and macroprudential policy units
- Internal auditors and compliance officers in regulatory bodies
- Professionals involved in crisis management and contingency planning.
- FinTech and SupTech specialists in regulatory innovation units
- Governance, ethics, and transparency officers in public institutions
- Researchers and academics in finance, economics, and public policy.
- Development partners and advisors supporting financial sector reform.
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Explore the historical development of central banks and financial systems, their core mandates (price stability, sustainable growth, financial stability), and how these roles evolved across global and regional contexts.
- Understand central banking functions including monetary policy, lender of last resort, and financial system oversight; review governance models, independence, boards and committees, and institutional accountability.
- Understand and compare how central banks operate under different mandates across global models, and evaluate how these mandates shape their functions, priorities, and governance structures.
- Learn how interest rates, open market operations, and reserve requirements influence economies, and explore newer tools like quantitative easing, negative interest rates, and yield curve control (YCC), with a case study on the Bank of Japan.
- Examine how central banks responded to the 2008 financial crisis and the COVID-19 pandemic, comparing tools, timing, and effectiveness across different contexts.
- Analyse the use of conventional and unconventional monetary policy tools, assess central bank responses to financial crises, and evaluate the impact of these policies on economic stability and recovery.
- Understand the importance of financial stability, how to identify systemic risk through indicators like credit growth and leverage, and explore macro-risk tools such as stress testing and early warning systems.
- Learn to interpret Financial Stability Reports (FSRs), communicate risks effectively, and apply composite indicators to monitor market vulnerabilities.
- Explore principles of good governance, transparency, and ethical integrity in central banking, and take part in a crisis scenario where participants draft a strategic press release during a reputational risk event.
Course dates
Jun 29, 2026 - Jul 1, 2026
Oct 5, 2026 - Oct 7, 2026
