Good Governance, Resilience and Enhanced Performance for Central Bank Senior Executives and Board

Module 1: Disruptive Technology and Impact on Central Banking

• Central bank mandates, corporate services, policies, and implications of cyber security in the disruptive technology era
• Encouraging disruptive technology innovations by boards and how to oversee them
• Technologies that are disrupting central bank functions
• Case study: role of the boards in cyber security enhancement

Module 2: Risk and Crisis Management

• Business continuity plan, crisis preparedness, and activation of backup plan – Distinctions between business continuity plan and crisis management – Crisis scenarios – Effectively combining different management plans into a single framework
• Risk management, risk responsive and crisis management – Central banks’ main responsibilities to their financial system – Case study on monitoring risks
• Crisis management methodologies, tools, and techniques

Module 3: Central Bank Independence Strengthening Methods

• Key indicators in overseeing central bank performance – Prioritising risks in the central banking sector – Financial and operational conduct – Exercise
• Operational risks, governance, and legal structures – Legal framework for effective central banking functions – Examples of challenges and risks that can bring institutional reforms\ – Discussions: managing inclusion
• Strengthening central bank independence – Key issues with independence – The main role of the financial markets and central bank in safeguarding their independence
• The difficult discipline of delegation: board members – Structures of the central bank to ensure they perform their mandate – Secretary of the board roles – Information flow management

Module 4: Accountability Developments

• The role of central banks in driving change: overseeing innovations – Utilising innovation in technologies – Ensuring inclusivity in innovation
• Good governance in central banks to safeguard the reputation – role of public opinion in central banks’ strategies for good communication – Tools, methods, and channels used for public opinion – Evaluating the results seen so far

Module 5: Fintech Roles In Innovating New Payments System

• The developments in payment systems, risk, and key concepts – Financial technologies used – Key trends, market innovation, and forces making changes – The challenges, issues, and unavoidable risks
• Digital money and its involvement with central banks – BDCs, crypto assets, and digital money taxonomy – Key projects worldwide – Regulators and supervisors in the central banks
• Innovations and understanding of the operational, oversight, and issuance risks – Overview of the main regulatory problems – Frameworks developed so far – Key issues

Module 6: The CBDC and New Developments

• State-of-the-art central bank digital coins – Crypto assets and their relationship with CBDC – The main effects of CBDC in the financial sector – Policies for the implementation of CBDC
• Financial stability and CBDC implications on the economy – Evolution of the E-Krona – Methods used to develop the process for assessments – Educating the key players and the public
• DLTs, big tech, and digital assets’ effects on the financial market

Module 7: Analytics in the payments

• Agent-based modelling and using network analytics to oversight – Evolution of Fintech and its effects – Qualitative and quantitative statistics – Advanced technology in collecting statistics
• AI and Machine learningin central banking governance – Financial crimes and the digital era – Artificial detection – Examples of anomalies and risk identifications
• Challenges, risks, and the opportunities

Module 8: RegTech and FinTech Oversight

• Giving innovation a chance, the use of incubators, sandboxes, and accelerators – Fintech innovations and their effects – Regulatory requirement of the innovations – Discussions
• Regulating FinTech – Overview of the process and requirements – The policies used – Frameworks in place – Challenges facing regulations
• Sustainable solutions from FinTechn utilisation – Applications from the DLT discoveries – Cross-border frameworks for payments – Key regulations issues – Cross-jurisdiction supervisory and regulation interworking