TARGET GROUP | Officials at central banks and supervisory agencies for the financial sector who are involved in the collection, compilation, and analysis of financial soundness indicators. Participants should have a degree in economics or statistics or equivalent experience.
DESCRIPTION | This one-week course, presented by the IMF Statistics Department, acquaints participants with the fundamentals of compiling and using financial soundness indicators (FSIs) in support of macroprudential analysis. The course covers methodological and technical issues in the construction of FSIs, as discussed in the 2019 Financial Soundness Indicators Compilation Guide (2019 FSI Guide). The course includes lectures and workshops on: institutional sectors; consolidation bases and adjustments for FSIs; regulatory framework for deposit takers; accounting principles and sectoral financial statements for FSIs; core and additional FSIs for deposit takers, other financial corporations, and other sectors; financial sector surveillance and FSIs; macroprudential analysis and FSIs.
Lectures are complemented by hands-on exercises, where participants work in groups to resolve practical questions of classification of financial institutional units, construction of different reporting populations for FSIs according to different consolidation bases, calculation of Basel solvency and liquidity ratios, production of sectoral financial statements and FSIs for deposit takers and the use of FSIs for financial sector surveillance. The course introduces templates for use in the regular reporting of FSI data and metadata to the IMF and provides guidance in accessing and using the IMF database for FSI data and metadata.
OBJECTIVES | Upon completion of this course, participants should be able to: Compile FSIs in accordance with the methodology of the 2019 FSI Guide, using source data obtained from sectoral financial statements and supervisory report forms. Calculate FSIs using different consolidation bases and interpret the different results obtained. Prepare or update FSI metadata, including information about key aspects of the conceptual framework used to prepare source data and the FSI compilation practices. Analyze and interpret FSIs compiled for the financial sector and their use in financial sector supervision and macroprudential policy.