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DTSTAMP:20260503T140124Z
DTSTART;VALUE=DATE:20250519
DTEND;VALUE=DATE:20250523
SUMMARY:Financial stability – systemic risk\, macroprudential policy and 
 stability analysis
TRANSP:TRANSPARENT
UID:2025_05_19_financial_stability_940740
DESCRIPTION:Duration\n\n5 days\n\nApplication deadline\n\n7 March 2025\n\
 nObjective\n\nIn its capacity as the central bank of Germany\, the Deuts
 che Bundesbank has a legal mandate and an inherent interest in ensuring 
 that the financial and monetary system is stable and capable of fulfilli
 ng its economic functions at all times. Not least\, this is in order to 
 provide a solid foundation for sustainable future growth in welfare. Fur
 thermore\, the Bundesbank’s duty to contribute to the safeguarding of fi
 nancial stability in Germany is explicitly enshrined in the Financial St
 ability Act.\n\nAs part of its macroprudential mandate\, the Bundesbank 
 regularly conducts analyses to identify vulnerabilities within the finan
 cial system. To this end\, it monitors financial intermediaries\, financ
 ial markets and market infrastructures. These analyses are geared toward
 s the identification of systemic risks\, i.e. structural and cyclical vu
 lnerabilities that constitute a threat to the stability of the financial
  system.\n\nIn order to gain system-wide insights\, it is also essential
  to take account of spillovers within and across different sectors of th
 e financial system\, as well as any feedback effects arising due to macr
 oeconomic developments. In addition\, the Bundesbank investigates the (p
 otential) effects of macroprudential instruments so as to calibrate thes
 e ex ante and evaluate the effectiveness of enacted macroprudential poli
 cy steps ex post.\n\nThe course aims to shed light on the Deutsche Bunde
 sbank’s role in the macroprudential policy cycle and its approach to fin
 ancial stability analysis. Participants will gain a thorough understandi
 ng of financial stability\, systemic risk and macroprudential policy. Wh
 ere possible\, the course will include both theoretical and practical co
 mponents. It has a deeper analytical focus than the online introductory 
 course.\n\nContent\nMacroprudential policy in Germany: overview\nRisk an
 alyses and current risks in Germany\nMacroprudential stress testing appr
 oaches\nMacroprudential surveillance of systemically important instituti
 ons\nEarly warning models and macroprudential surveillance\nClimate chan
 ge and its financial stability implications\nFinancial stability risks f
 rom real estate (mortgage and commercial real estate)\nCyclical risks an
 d the CCyB\nCyber risks and financial stability\nEvaluation of macroprud
 ential measures\n\nTarget group\n\nThis course is aimed at central bank 
 officials working in the area of financial stability. Participants shoul
 d have a sound understanding of the surveillance and analysis of systemi
 c risk and macroprudential policy. Input from participants on current de
 velopments in their home countries is appreciated. The course may also b
 e of interest to staff working in other central bank areas related to fi
 nancial stability\, such as banking supervision\, monetary policy or pay
 ment systems.\n\nPlease note:\n\nA nomination is required in order to pa
 rticipate in our in-person courses.
LOCATION:Frankfurt/Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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