Developing financial markets
01 April 2022
The aim of this online-seminar is to help central bank colleagues identify and discuss measures to strengthen the national financial market. We will begin with the difficult situation in Germany after the Second World War as a starting point and illuminate various initiatives to build and expand the German financial market.
The financial market in Germany is, amongst other things, one of the most highly developed worldwide. This multi-faceted and highly liquid financial market was forged through the combined efforts of multiple actors and the Deutsche Bundesbank has played a key role in establishing and promoting its development. Together with the Ministry of Finance, the market supervisory authority and other market participants, it supported the emergence of a national bond market, which was a decisive factor in the development of other financial market segments and Germany’s macroeconomic success.
This course focuses on key issues of building a monetary and bond market based on a national currency. Topics include the general framework for the bond market (e.g. issuing calendars, auction processes, settlement procedures). The course also provides participants with a platform to reflect upon and discuss similarities with their own countries. The seminar will be present as a mix of lectures, case study exercises, group discussions and participant presentations.
The online-course will provide an overview of the various aspects that played a key role in the development of the German financial market. Participants will be expected to make an active contribution to discussions, and will be invited to present and discuss their own topics or cases. Therefore, participants should be familiar with the financial consumer policy frameworks in their jurisdictions.
Historical and current developments to strengthen the financial market (eg. standardisation of bonds, central committee for capital markets, temporary capital market restrictions)
Legal framework of the bond market
Market surveillance and market restrictions
Development and application of financial support measures
The course is aimed at mid-level central bankers who are active in the area of financial market development and would like to gain an overview and a deeper understanding of strategic and operational approaches to developing financial markets. Applicants should have at least two years of practical experience in the field of financial market development and a sound grasp of the key concepts and knowledge of the fundamentals of financial market structures and operations. Participants are expected to make an active contribution to the course and to share their knowledge and experience with their peers. Participants should have stable internet access and appropriate camera equipment.
Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.
Please apply online by clicking on the registration button within the application period.