International Central Banking Models and Legal Framework

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International Central Banking Models and Legal Framework Course
Introduction:
Central banks differ from commercial banks in that they do not accept deposits and their primary objective is not profit maximization. Instead, central banking focuses on maintaining monetary stability, promoting full employment, and fostering economic growth for a nation. Central banks also play a crucial role in supervising other banks and regulating the activities of non-bank financial intermediaries. One of their key responsibilities is managing monetary policy to control the money supply and prevent inflation.
This comprehensive training course aims to provide you with a deep understanding of international central banking models and the legal framework that governs these institutions. By participating in this course, you will gain the knowledge and practical experience necessary to excel in global central banking roles, accelerating your career progression. Moreover, understanding the legal framework surrounding central banking will enable you to ensure compliance with relevant laws, safeguarding your organization against the risks associated with regulatory breaches.
Join us in this training course to equip yourself with the expertise required to navigate the complex landscape of central banking. By gaining insights into international models and legal considerations, you will be well-prepared to contribute to the stability and growth of your nation's economy while advancing your professional journey in the field of central banking.
Course Objectives:
At the end of this International Central Banking Models and Legal Framework Course, learners will be able to do:
- develop an in-depth understanding of international central banking models and legal framework
- enhance the operations of one’s organization to help build stronger sustenance for supporting global operations and transactions
- define and review the monetary policy to check if one’s organization is in adherence and is updated with industrial standards
- apply and invest in different models of operations to ensure maximum benefit in terms of economic growth
- mentor other professionals on critical aspects surrounding international central banking
- make the best use of technology and other tools to optimize operations and data recording and maintenance for faster, smarter resolution
- be aware and apply necessary laws and regulations to safeguard organizational interests
- predict and address all possible risks that could stem from international associations and operations, functioning within the legal and regulatory limits of concerned nations
- assume greater responsibilities in overseeing critical processes and operations for one’s organization to support economic growth, thus securing one’s future in terms of opportunities for career progression
- take pride in supporting one’s organization and nation in achieving economic success
Who Should Attend?
This course is ideal for:
- Top management of organizations involved in providing strategic leadership and guidance to the organization
- Bankers and other financial executives involved in key central banking processes
- Legal advisors and attorneys need to be well aware of the required legal framework related to international central banking
- Internal and external auditors responsible for ensuring adherence to required standards and protocols
- Managers and leaders overseeing multiple central banking functions for one’s organization
- Any other professional interested to know more about international central banking models and related legal frame works
Course Outlines:
Module 1 – Components of a Financial System
- Money
- Banking and financial institutions
- Financial instruments
- Financial markets
- Central banks
Module 2 – Pillars of Central Banking
- Price stability
- Stable banking system
- Safe and reliable payments system
Module 3 – Functions of a Central Bank
- Implementing monetary policies
- Setting the official interest rate
- Controlling money supply
- Lender of last resort
- Managing foreign exchange and gold reserves
- Regulating and supervising the banking industry
Module 4 – Principles Behind Central Bank Co-operation Activities
- Global monetary and financial stability
- Relationship building
- Openness and respect
- Efficiency
- Sustainability
- Evaluation
Module 5 – Overview of Bank for International Settlements (IBS)
- The organization of central banks
- Goals
- Role in banking supervision
Module 6 – Dynamic Stochastic General Equilibrium (DGSE) Model
- History
- Structure
- Schools
- Criticism
Module 7 – Foreign Exchange Reserve Management
- Guidelines
- Objectives
- Institutional framework
- Risk management
Module 8 – Monetary Policy Tools
- Open market operations
- Reserve requirement
- Discount rate
Module 9 – Monetary Policy Instruments
- Interest rates
- Open market operations
- Quantitative easing
- Capital requirements
- Reserve requirements
- Credit guidance and control
- Exchange requirements
- Margin requirements
- Limits on policy effects
- Forward guidance
- More radical instruments