Digital Finance and Fintech for Central Bankers: A Comprehensive Training Course

Introduction

The rapid rise of digital finance and FinTech has fundamentally reshaped the financial landscape, presenting both immense opportunities and complex challenges for central banks and regulators. This training course is designed to provide a comprehensive and practical guide to understanding the evolving ecosystem of digital finance, from mobile payments and peer-to-peer lending to distributed ledger technology and central bank digital currencies (CBDCs). Participants will gain a deep understanding of the risks and benefits associated with these innovations and learn how to adapt regulatory and policy frameworks to foster a safe and innovative financial system.

The program also focuses on the crucial link between digital finance and financial stability, exploring how FinTech can create new systemic risks while also enhancing financial inclusion and efficiency. We will examine the policy toolkit available to central banks to regulate digital currencies, supervise FinTech firms, and ensure a level playing field for traditional and new players. By combining theoretical foundations with real-world case studies, this course will equip policymakers and analysts with the skills necessary to navigate a dynamic digital landscape and contribute to a more secure, efficient, and inclusive financial future.

Target Audience

  • Central bank research and policy staff
  • Financial regulators and supervisors
  • Commercial bank innovation and strategy staff
  • Government technology and policy officials
  • Academics and students of finance and technology
  • International financial institution staff
  • Public sector debt managers
  • Legal and compliance professionals

Duration

5 days

Course Objectives

Upon successful completion of this training, participants will be able to:

  • Explain the core concepts of digital finance and FinTech.
  • Analyze the key risks and benefits of FinTech innovations.
  • Describe the different types of digital currencies, including CBDCs.
  • Evaluate the challenges of regulating FinTech firms.
  • Discuss the role of central banks and regulators in a digital economy.
  • Apply analytical techniques to assess and monitor digital financial risks.

Modules Course Content

Module 1: The Foundations of Digital Finance

  • The definition and scope of digital finance and FinTech
  • The drivers of innovation in the financial sector
  • The key technologies (e.g., distributed ledger technology)
  • The role of new players (e.g., FinTech firms, Big Tech)
  • The impact on financial inclusion and efficiency

Module 2: Central Bank Digital Currencies (CBDCs)

  • The purpose and design of a CBDC
  • The different types of CBDCs (e.g., retail, wholesale)
  • The potential impact on monetary policy and financial stability
  • The challenges of implementing a CBDC
  • Case studies of CBDC projects

Module 3: Payments and Digital Infrastructure

  • The evolution of payment systems
  • The role of real-time payments
  • The challenges of cross-border payments
  • The impact of digital currencies on payment systems
  • The importance of a robust digital infrastructure

Module 4: FinTech Regulation and Supervision

  • The purpose and objectives of FinTech regulation
  • The challenges of regulating FinTech firms
  • The role of a regulatory sandbox
  • The use of a supervisory review process
  • The importance of a forward-looking approach

Module 5: The Role of the Central Bank

  • The central bank's mandate for financial stability
  • The coordination of monetary and fiscal policy
  • The role of the central bank in a crisis
  • The challenges of independence and accountability
  • The central bank's role in a financial crisis

Module 6: Cybersecurity and Operational Risk

  • The role of cybersecurity in financial stability
  • The challenges of managing a cyberattack
  • The impact of a cyberattack on a central bank's operations
  • The importance of a robust cybersecurity framework
  • The use of new technologies for risk management

Module 7: The External Sector and Financial Stability

  • The impact of a currency crisis on a country's financial system
  • The role of exchange rates and foreign currency debt
  • The challenges of managing a currency crisis
  • The role of international cooperation
  • The importance of a resilient external sector

Module 8: The Role of Technology and FinTech

  • The impact of FinTech on financial stability
  • The challenges of regulating FinTech
  • The role of new technologies in supervision
  • The impact of digital currencies
  • The use of technology for surveillance

Module 9: Global Regulatory Frameworks

  • The role of the Financial Stability Board (FSB)
  • The Basel Accords (Basel III)
  • The challenges of global policy coordination
  • The role of international standards
  • The importance of a level playing field

Module 10: Case Studies and Current Debates

  • The rise of cryptocurrencies
  • The debate over the design of a CBDC
  • The challenges of managing a financial crisis
  • The future of financial stability
  • The future of banking regulation

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport Pick Up is provided by the institute. Accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Digital Finance And Fintech For Central Bankers: A Comprehensive Training Course in Kenya
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