Objective

The Deutsche Bundesbank, as the central bank of Germany, holds a legal and operational responsibility to maintain the stability of the financial and monetary system, ensuring it can always perform its economic functions effectively. This responsibility is crucial for laying a strong foundation for sustainable growth and economic welfare. The Bundesbank is legally mandated by the Financial Stability Act to uphold financial stability in Germany.

In fulfilling its macroprudential responsibilities, the Bundesbank conducts regular analyses to pinpoint vulnerabilities within the financial system, monitoring financial intermediaries, markets, and infrastructures. These efforts are aimed at the early detection of systemic risks that could potentially destabilise the financial system.

Furthermore, the Bundesbank assesses the impacts of macroprudential tools to fine-tune them proactively and to retrospectively gauge the success of implemented macroprudential policies.

This course will explore the Deutsche Bundesbank’s role in the macroprudential policy cycle and its strategies for financial stability analysis. Participants will develop a comprehensive understanding of financial stability, systemic risks and macroprudential policies, incorporating both theoretical insights and practical applications where feasible.

Contents

• Macroprudential framework in the EU and Germany
• Analysis of risks and current vulnerabilities
• Strategies to end 'too-big-to-fail'
• Financial stability implications of climate change
• Financial stability risks in real estate markets
• Macroprudential tools and the Countercyclical Capital Buffer (CCyB)
• Evaluation of macroprudential measures

Target group

This course is designed for central bank officials engaged in financial stability tasks. Participants should have a solid understanding of systemic risk surveillance and macroprudential policy. Contributions about recent developments in participants’ respective countries are encouraged. The course may also be beneficial for staff from other central bank divisions such as banking supervision, monetary policy or payment systems.

Please note

A nomination is required in order to participate in our in-person courses.