Safeguards Assessment of Central Banks
INTRODUCTION
is designed to give central bank officials interactive exposure to safeguards assessment methodology. It highlights the importance of central bank governance, transparency, and accountability for improving financial safeguards. It also provides a forum for central bank staff to exchange views on their experiences in reinforcing safeguards and dealing with emerging issues. The course incorporates interactive lectures and discussions, workshops, and case studies addressing crucial assessment areas, especially external and internal audit mechanisms, financial reporting, the system of internal controls, management of international reserves, and reporting of monetary data . The course also reviews the concepts underlying autonomy and good governance in central bank legislation.
OBJECTIVES
• Assess the strengths and vulnerabilities of their central bank financial safeguards
• Identify specific steps to build up the safeguards
• Use leading practices for central banks in the areas of good governance, central bank autonomy, accountability, and transparency
• Describe and explain the requirements of the IMF safeguards policy and the importance of implementing safeguards recommendations
Senior central bank staff responsible for accounting, financial reporting, auditing, risk management, internal control, legal, or reserve management operations, or serving on a board or committee overseeing audit, investment, or financial reporting activities.