Oversight of Financial Market Infrastructures Training Course

Introduction

Financial Market Infrastructures (FMIs) the backbone of the global financial system enable the smooth functioning of markets. This Oversight of Financial Market Infrastructures training course provides a comprehensive understanding of the critical role FMIs play and the principles guiding their safe and efficient operation. Explore the complexities of overseeing payment systems, securities settlement systems, central counterparties, and trade repositories. Learn how to identify and mitigate systemic risks, ensure operational resilience, and promote financial stability. This FMI oversight training is crucial for regulators, central bankers, and anyone involved in safeguarding the integrity of the financial ecosystem. This course covers key areas like risk management, operational resilience, regulatory frameworks, and international standards, empowering you to effectively oversee these vital components of the financial system.

Duration

5 days

Target Audience:

This course is ideal for:

• Regulators & Supervisors: Individuals responsible for overseeing FMIs at central banks, financial authorities, and other regulatory agencies.
• Central Bankers: Professionals involved in payment systems, financial stability, and market operations.
• FMI Operators: Individuals working in FMIs (payment systems, securities settlement systems, CCPs, trade repositories).
• Risk Managers: Professionals responsible for managing risks within FMIs.
• Compliance Officers: Individuals ensuring adherence to regulatory requirements and best practices.
• Anyone involved in financial market operations: Professionals seeking to understand the critical role of FMIs.

Course Objectives:

Upon completion of this course, participants will be able to:

• Understand the critical role of FMIs in the financial system.
• Identify and assess the key risks associated with FMI operations.
• Understand the principles for safe and efficient FMI operation (PFMIs).
• Evaluate the effectiveness of oversight frameworks for FMIs.
• Learn about international standards and best practices for FMI oversight.
• Understand the role of FMIs in promoting financial stability.
• Assess the impact of technological innovation on FMI operations and oversight.
• Contribute to enhancing the resilience and efficiency of FMIs.

Course Modules

• Introduction to Financial Market Infrastructures:

• • Defining FMIs and their different types (payment systems, securities settlement systems, CCPs, trade repositories).
  • The importance of FMIs for financial market functioning and stability.
  • Key concepts and terminology related to FMI oversight.
  • The interconnectedness of FMIs and the financial system.

• Risks in Financial Market Infrastructures:

• • Operational risk, credit risk, liquidity risk, and market risk in FMIs.
  • Systemic risk and contagion in FMIs.
  • Legal risk and settlement risk.
  • Cyber risk and other emerging threats.

• Principles for Financial Market Infrastructures (PFMIs):

• • Understanding the PFMIs and their application to different types of FMIs.
  • Governance and ownership arrangements for FMIs.
  • Risk management frameworks and practices for FMIs.
  • Operational resilience and business continuity.

• Oversight Frameworks for FMIs:

• • The role of central banks and other regulatory authorities in overseeing FMIs.
  • Legal and regulatory frameworks for FMI oversight.
  • Supervisory practices and tools for FMI oversight.
  • International standards and best practices for FMI oversight.

• Oversight of Payment Systems:

• • Different types of payment systems (real-time payments, retail payments, wholesale payments).
  • Risks specific to payment systems and their mitigation.
  • Oversight of payment system operators and participants.
  • The role of payment systems in financial stability.

• Oversight of Securities Settlement Systems and CCPs:

• • The functions of securities settlement systems and CCPs.
  • Risks specific to securities settlement and clearing and their mitigation.
  • Oversight of securities settlement systems and CCPs.
  • The role of CCPs in mitigating systemic risk.

• Oversight of Trade Repositories:

• • The role of trade repositories in collecting and reporting data on derivatives transactions.
  • Data quality and access for regulators.
  • Oversight of trade repositories and their contribution to transparency.
  • International cooperation on trade repository oversight.

• The Future of FMI Oversight:

• • Emerging trends and challenges in FMI oversight.
  • The impact of technological innovation on FMIs and their oversight.
  • The role of data analytics and technology in FMI oversight.
  • The evolving regulatory landscape for FMIs.

General remarks

• Customizable courses are available to address the specific needs of your organization.
• The participant must be conversant in English
• Participants who successfully complete this course will receive a certificate of completion from Lenol Development Center.
• The course fee for onsite training includes facilitation training materials, tea break and lunch.
• Accommodation and airport pick up are made upon request
• For any inquiries reach us through info@lenoldevelopmentcenter.com or +254 710 314 746
• Payment should be made to our bank