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VERSION:2.0
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DTSTAMP:20260504T224602Z
DTSTART;VALUE=DATE:20240624
DTEND;VALUE=DATE:20240628
SUMMARY:Financial stability – systemic risk\, macroprudential policy and 
 stability analysis
TRANSP:TRANSPARENT
UID:2024_06_24_financial_stability_917780
DESCRIPTION:Deadline for application\n\n03 May 2024\n\nObjective\n\nIn it
 s capacity as the central bank of Germany\, the Deutsche Bundesbank has 
 a legal mandate and an inherent interest in ensuring that the financial 
 and monetary system is stable\, and remains so. Not least\, the aim is t
 o provide a solid foundation for sustainable future economic growth as a
  precondition for the effective implementation of monetary policy. Furth
 ermore\, the Bundesbank’s duty to contribute to the safeguarding of fina
 ncial stability in Germany is explicitly enshrined in the Financial Stab
 ility Act.\n\nAs part of its macroprudential mandate\, the Bundesbank re
 gularly conducts analyses to identify vulnerabilities within the financi
 al system. To this end\, it monitors financial intermediaries\, financia
 l markets and market infrastructures as well as any interconnections bet
 ween them\, using system-wide data. These analyses are geared towards th
 e identification of systemic risks\, i.e. structural and cyclical vulner
 abilities\, which constitute a threat to the stability of the financial 
 system. \n\nIn order to gain system-wide insights\, it is also essential
  to take into account spillovers within and across different sectors of 
 the financial system\, as well as any feedback effects arising due to ma
 croeconomic developments. In addition\, the Bundesbank investigates the 
 (potential) effects of macroprudential instruments so as to calibrate th
 ese ex ante and evaluate the effectiveness of enacted macroprudential po
 licy steps ex post.\n\nThe course aims to shed light on the Deutsche Bun
 desbank’s role in the macroprudential policy cycle and its approach to f
 inancial stability analysis. Participants will gain a thorough understan
 ding of financial stability\, systemic risk and macroprudential policy. 
 Where possible\, the course will include both theoretical and practical 
 components. It has a deeper analytical focus than the online introductor
 y course.\n\nContents\nRisk analyses and current risks in Germany\nMacro
 prudential stress testing of investment funds\nMacroprudential surveilla
 nce of systemically important institutions\nEarly warning models and mac
 roprudential surveillance of cyclical systemic risk\nClimate change and 
 its financial stability implications\nFinancial stability risks from rea
 l estate (mortgage and commercial real estate)\nEvaluation of macroprude
 ntial measures\n\nTarget group\n\nThis course is aimed at central bank o
 fficials working in the area of financial stability. Participants should
  have a sound understanding of the surveillance and analysis of systemic
  risk and macroprudential policy. Input from participants on current dev
 elopments in their home countries is appreciated. The course may also be
  of interest to staff working in other central bank areas related to fin
 ancial stability\, such as banking supervision\, monetary policy or paym
 ent systems.
LOCATION:Frankfurt/Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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