Course description
With the evolution of the financial crisis, most central banks are engaged in their local financial activities. There have been new policy implementations and programmes launched over time. Central banks have varying levels of disclosures of the new policy instruments; however, a significant market intervention supports key details exist. These movements of central banks’ balance sheet expansions can have a major effect on the historical ratios of the balance sheet regarding the central bank’s other important instruments, such as foreign currencies and gold.
However, it is not straightforward to identify these new policy instruments or measures because noconsistent reporting procedureexists. Therefore, this course by Rcademy will teach participants the required skills to understand how financial reporting, accountability, and independence are handled in central banking.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Financial Reporting, Accountability and Independence in Central Banking Training Course by Rcademy is designed to be ideal for:
- Banking managers
- Central banks governors
- Private sector participants
- Financial intermediary employees
- Supervising agencies
- Development banks
- Government ministries officials
- Any other interested professionals
- Economists
Outcome / Qualification etc.
The Financial Reporting, Accountability and Independence in Central Banking Training Course by Rcademy aims to enable participants to:
- Understand the audit process in central banks
- Gain insight into central banking accountability
- Analyse and optimize reporting process for central banks
- Understand how to handle multi-mandate challenges
- Assess best practices of accounting standards formodern central banks
- Discover the context of central banking
- Discuss the models of monetary policies and the mechanism of transmission
- Explain details behind the functions of bankers and advisors to the government
- Understand the process of making a monetary policies framework
Training Course Content
Module 1: Introduction to Central Banking
- History of central banking
- Importance of central banking
- Bankers and government advisors
- Monetary policies
- Accountability in central banks
Module 2: Central Bank Independence
- The need for an independent central bank
- The cost of inflation
- The widespread shift towards greater independence
- International experience
- Measures and Analysis of central bank independence
- Price stability emphasis
- Independence goals
- Instrument independence
- Term of appointment of the central bank governors
- Measures of central bank independence today
- Treasury access to central bank credit facilities
Module 3: Central Bank Accountability, Monetary Policy Transparency
- Monetary policiesdecision making bodies
- Is central bank independence undemocratic?
- Increased demand for transparency and accountability
- Measuring monetary policies transparency
- Financial functions accountability objectives
- Monetary policies accountability
- Resources accountability
- Formal accountability arrangements
- Accountability mechanisms
- Case study
Module 4: Financial Resources Management
- Introduction
- Balance sheet exposure
- The central bank balance sheet
- Financial assets and liability
- Capitalising on the central bank
- The operating budget
- Framework for determining capital adequacy for central banks
- Central bank income
Module 5: Government and Central Banks’ Relationship
- Managing the relationship – Informal approaches – Directives – Communication – Memoranda of understanding
- Nature of contracts
- Formal meetings
- Economic policymaking process: the role of central banks
- Informal contracts by governors
Module 6: Financial Reporting
- Introductions
- Banknotes in circulation
- Lending in domestic currency and market interventions
- Credit risks
- Gold and foreign currency assets
- Market risks
- Fair value disclosures
Module 7: Framework Policies in Accounting
- Analysis of income and expenses
- Securities and lending
- Presentation of cash flow statements
- Gold and foreign exchange
- Financial reporting framework
- Other financial instrument-related issues
Module 8: Capital Management
- Profit remittance and loss treatment
- Capital
- Reserves
- Collateral
- Other fiduciary functions
- Transacting
- Contingencies
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...