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DTSTART;VALUE=DATE:20250204
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SUMMARY:Developing local currency financial markets
TRANSP:TRANSPARENT
UID:2025_02_04_developing_local_currency_financial_markets_940782
DESCRIPTION:Duration\n\n4 days\n\nDeadline for application\n\n13 December
  2024\n\nObjective\n\nThe aim of the course is to help central bank coll
 eagues identify and discuss measures to strengthen their respective nati
 onal financial market. We will use the difficult situation//position of 
 Germany in the wake of the Second World War as a starting point and exam
 ine various initiatives that were taken to build and expand the financia
 l market. Comparisons with other countries as well as a critical analysi
 s of measures taken in participants’ own countries are desired.\n\nThe f
 inancial market in Germany is one of the most developed worldwide. Multi
 -faceted and highly liquid\, its rise is attributable to the combined ef
 forts of a number of players. The Bundesbank has played a key role in es
 tablishing and promoting this development. Together with the Federal Min
 istry of Finance\, the market supervisory authority and other market par
 ticipants\, it supported the emergence of a national bond market\, which
  was a decisive factor for the development of other financial market seg
 ments and the macroeconomic success of Germany.\n\nThe course will focus
  on key issues presented by building a monetary and bond market based on
  a national currency. The issues we will discuss include the general fra
 mework for the bond market (e.g. issuance calendars\, auction processes\
 , settlement procedures). The course also provides participants with a p
 latform to reflect and discuss how analogies can be drawn to development
 s in their own national economies. The content will be presented using a
  mix of lectures\, case study exercises\, group discussions and particip
 ant presentations.\n\nThe course will provide an overview of the various
  aspects that played a key role in the development of the German financi
 al market.\n\nContent\nHistorical and current developments strengthening
  the financial market (e.g. standardisation of bonds\, Central Capital M
 arket Committee\, temporary capital market restrictions)\nLegal framewor
 k of the bond market\nMarket surveillance and market restrictions\nDevel
 opment and application of financial support measures\n\nTarget group\n\n
 The course is aimed at mid-level central bankers who are active in the a
 rea of financial market development and would like to get an overview an
 d a deeper understanding of strategic and operational approaches to deve
 loping financial markets. Applicants should have at least two years of p
 ractical experience in the field of financial market development and sho
 uld have a sound understanding of key concepts and knowledge of the fund
 amentals of financial market structures and operations. Participants are
  expected to make an active contribution to the course and to share thei
 r knowledge and experiences with their peers.\n\nPlease note \n\nA nomin
 ating person is mandatory for the participation in our in-person courses
 .
LOCATION:Frankfurt/Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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