Developing financial markets VER20210029

Application deadline

10 September 2021

Objective 

The aim of this online seminar is to help central bank colleagues identify and discuss measures to strengthen the national financial market. We begin with the difficult situation in Germany after the Second World War as a starting point and shed light on 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. A multi-faceted and highly liquid financial market has been forged in the country thanks to the combined efforts of multiple players. The Deutsche Bundesbank has played a key role in establishing and promoting this 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 the macroeconomic success of Germany.

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 held 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 have played a key role in the development of the German financial market.

Contents

  • Historical and current developments to strengthen the financial market (e.g. 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

Target group

The course is aimed at mid-level central bankers who are active in the area of financial market development and who 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 experiences with their peers.

Technical requirements

Computer with microphone, camera, speakers or headphones; a current internet browser.

Online application

Please apply online by clicking on the registration button within the application period. 

Registration
Registration deadline: 10. September 2021, 23:59 p.m.