Training Catalog Course Details

Presented by the IMF Monetary and Capital Markets Department, this advanced course addresses recent advances in stress testing for banks and some nonbank financial intermediation. It allows participants to master new tools designed or adopted by MCM for macroprudential stress testing and systemic risk assessment.
The course also delves into cutting-edge topics in stress testing, encompassing the feedback loops between the real economy and financial sectors, systemwide risk analysis, the implications of climate change, and other emerging risks. Moreover, the program features guest speakers from the industry, who bring their expertise to illuminate specific areas of interest.
This course offers a comprehensive examination of the principles, methodologies, and best practices underpinning stress testing. These discussions are complemented by hands-on sessions on prototype tools that play a pivotal role in the Financial Sector Assessment Program (FSAP) and support technical assistance missions globally. Practical hands-on modules guide participants through the full spectrum of the stress testing process including data input, the estimation of macro-financial models, scenario development, assumption selection, calibration of satellite models, execution of fully-fledged stress tests, and selected amplification channels through interconnectedness and macro-financial linkages.
Furthermore, the course addresses the critical aspect of how to effectively communicate stress testing outcomes. It explores the use of these results in practical scenarios and their integration into the policy-making process. The program concludes with a roundtable discussion, offering a platform for participants to exchange insights and share the experiences of their respective countries.