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VERSION:2.0
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DTSTAMP:20260504T064832Z
DTSTART;VALUE=DATE:20240304
DTEND;VALUE=DATE:20240308
SUMMARY:Introduction to financial stability\, systemic risk and macroprud
 ential policy
TRANSP:TRANSPARENT
UID:2024_03_04_introduction_financial_stability_917752
DESCRIPTION:Deadline for application\n\n16 February 2024\n\nObjective\n\n
 In its capacity as the central bank of Germany\, the Deutsche Bundesbank
  has a legal mandate and an inherent interest in ensuring that the finan
 cial and monetary system is stable\, and remains so. Not least\, this ai
 ms at providing a solid foundation for sustainable future economic growt
 h as a precondition for the effective implementation of monetary policy.
  Furthermore\, the Bundesbank’s duty to contribute to the safeguarding o
 f financial stability in Germany is explicitly enshrined in the Financia
 l Stability Act.\n\nAs part of its macroprudential mandate\, the Bundesb
 ank regularly conducts analyses to identify vulnerabilities within the f
 inancial system. To this end\, it monitors financial intermediaries\, fi
 nancial markets and market infrastructures as well as any interconnectio
 ns between them\, using system-wide data. These analyses are geared towa
 rds the identification of systemic risks\, i.e. structural and cyclical 
 vulnerabilities\, which constitute a threat to the stability of the fina
 ncial system. \n\nIn order to gain system-wide insights\, it is also ess
 ential to take into account spillovers within and across different secto
 rs of the financial system\, as well as any feedback effects arising in 
 the financial system due to macroeconomic developments. In addition\, th
 e Bundesbank investigates the (potential) effects of macroprudential ins
 truments so as to calibrate these ex ante and evaluate the effectiveness
  of enacted macroprudential policy steps ex post.\n\nThe course aims to 
 shed light on the Deutsche Bundesbank’s role in the macroprudential poli
 cy cycle and its approach to financial stability analysis. Participants 
 will gain a thorough understanding of financial stability\, systemic ris
 k and macroprudential policy. Where possible\, the course will include b
 oth theoretical and practical components.\n\nContents\nFinancial stabili
 ty – tasks and objectives\nInstitutional setup and coordination of macro
 prudential policy in Germany and the EU\nMacroprudential oversight of no
 n-banks/the insurance sector\nRisk analyses and current risks in Germany
 \nFinancial market infrastructure and financial stability\nIntroduction 
 to stress testing \nDevelopments in the real estate sector and financial
  stability\nMacroprudential instruments\n\nTarget group\n\nThis course i
 s aimed at central bank officials working in the area of financial stabi
 lity. Participants should have a basic understanding of the surveillance
  and analysis of systemic risk and macroprudential policy. Input from pa
 rticipants on current developments in their home countries is appreciate
 d. The course may also be of interest to staff working in other central 
 bank areas related to financial stability\, such as banking supervision\
 , monetary policy or payment systems.\n\nTechnical requirements\n\nCompu
 ter with microphone\, camera\, speakers or headphones\; an up-to-date in
 ternet browser.
LOCATION:Online platform
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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