International Insurance for Risk Managers and Insurance Buyers Workshop

The key objective of this training course is to empower professionals to—
• develop an in-depth understanding of international central banking models and legal framework
• enhance the operations of one’s organisation to help build stronger sustenance for supporting global operations and transactions
• define and review the monetary policy to check if one’s organisation 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 optimise operations and data recording and maintenance for faster, smarter resolution
• be aware and apply necessary laws and regulations to safeguard organisational 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 organisation to support economic growth, thus securing one’s future in terms of opportunities for career progression
• take pride in supporting one’s organisation and nation in achieving economic success
Course Content
Components of a Financial System
• Money
• Banking and financial institutions
• Financial instruments
• Financial markets
• Central banks
Pillars of Central Banking
• Price stability
• Stable banking system
• Safe and reliable payments system
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
Principles Behind Central Bank Co-operation Activities
• Global monetary and financial stability
• Relationship building
• Openness and respect
• Efficiency
• Sustainability
• Evaluation
Overview of Bank for International Settlements (IBS)
• The organisation of central banks
• Goals
• Role in banking supervision
Dynamic Stochastic General Equilibrium (DGSE) Model
• History
• Structure
• Schools
• Criticism
Foreign Exchange Reserve Management
• Guidelines
• Objectives
• Institutional framework
• Risk management
Monetary Policy Tools
• Open market operations
• Reserve requirement
• Discount rate
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
Elements Determining Central Bank Autonomy
• Mandate
• Relationship to the state
• Power to make policy decisions
• The officer appointment process and term limits
Types of National Central Bank Legal Systems
• Civil law tradition
• Common law tradition
• Mixed tradition
Legal Ownership of Central Banks
• Fully owned by state/public sector
• Half owned by state/public sector
• Majority owned by public sector
Prohibitions of Central Bank Lending to Governments
• Blanket prohibitions
• Quantity limits
• By purpose
• By term/maturity of government activity financing

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 28th – 30th Apr,2025
2ND BATCH: 1st – 4th Sept,2025
3RD BATCH: 9th – 12th Dec,2025