The course is designed to provide participants with an understanding of business and financial cycles, effective crisis management and resolution framework, including the design of infrastructures to wind down non-bank financial institutions that are of systemic importance and banking organizations that operate across borders, and the design of mechanisms to ensure that the losses are borne by the creditors of the institutions rather than by the taxpayers. Also covered are enhanced supervision of cross-border exposures and related systemic risks. Moving expeditiously on this reform agenda, including adopting rules for cross-border burden sharing, requires greater political commitment. Related policy considerations will also be covered in-depth.
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