Training course on Financial Law and Regulation for Central Banks

Module 1: Foundations of Central Bank Law

Legal mandates of central banks (monetary policy, supervision, stability)

Independence, accountability, and governance frameworks

Central bank charters and enabling legislation

Module 2: Financial Regulation Frameworks

Objectives of regulation: safety, soundness, consumer protection

Banking laws and prudential regulation

Oversight of non-bank financial institutions and payment systems

Module 3: International Standards and Coordination

Basel accords (Basel II/III/IV) and global prudential standards

IOSCO, IAIS, FATF, and international cooperation

Legal implications of cross-border banking supervision

Module 4: Licensing, Supervision, and Enforcement

Licensing and fit-and-proper requirements

Supervisory powers and risk-based supervision

Enforcement actions and sanctions

Module 5: Financial Stability and Crisis Management

Legal tools for bank resolution and recovery

Deposit insurance and lender-of-last-resort frameworks

State aid, bailouts, and moral hazard concerns

Module 6: Capital Markets and Securities Regulation

Legal frameworks for securities issuance and trading

Insider trading, market abuse, and disclosure requirements

Role of central banks in securities regulation

Module 7: Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT)

Legal obligations of financial institutions

Central bank responsibilities in AML/CFT enforcement

International cooperation and FATF compliance

Module 8: Consumer Protection and Financial Inclusion

Legal frameworks for consumer rights in financial services

Disclosure, transparency, and dispute resolution

Regulation of microfinance and digital financial services

Module 9: Emerging Legal Challenges

Legal frameworks for fintech and digital assets

Central Bank Digital Currencies (CBDCs) and crypto-assets

Cybersecurity regulation and data protection

Module 10: Case Studies in Financial Regulation

Global financial crisis and regulatory reforms

Recent bank failures and legal responses

Comparative legal experiences from advanced and emerging economies

Module 11: Practical Workshop

Drafting supervisory directives and legal memos

Mock regulatory hearing or enforcement decision

Group presentations on policy/legal dilemmas

Module 12: Capstone Project

Developing a legal-regulatory framework proposal for a central bank

Balancing innovation, stability, and consumer protection

Final presentation and peer/instructor feedback