IMF | STI

Details

Start: 
April 22, 2024

End:
April 26, 2024

Course Number:
ST24.17

Application Deadline

February 2, 2024

In-Person : Cyber Risk Regulation and Supervision (CRS)

April 22 - 26

Target Audience

Mid- level to Senior level officials from the central bank, financial sector regulators and supervisory agencies. Preference will be given to those directly working on framing and strengthening cyber risk regulation and / or supervising ICT / cyber risks of banks/FMIs and other financial sector entities.

Qualifications

Participants are expected to have at least one-year of experience in general regulation and supervision of financial institutions. It is strongly recommended that applicants first complete the Cyber Risk Supervision Online Course (selected participants will be provided with the login information four weeks prior to the course).

Course Description

This course, presented by the IMF's Monetary and Capital Markets Department, provides an introductory to intermediate level of training on cyber risk regulation and supervision to non-specialist financial sector supervisors.
The course: (i) reviews recent trends in the technology adopted by supervised entities, the evolving threat landscape and their implications for cyber risk and financial stability; (ii) outlines the key elements of cyber risk regulations; (iii) discusses supervisory approaches and tools; and (iv) presents key cybersecurity concepts, covering governance, risk assessment, and information sharing, based on international standards and best practices.
Sessions will focus on providing practical lessons and tips that can be used by regulators and supervisors, as part of their daily supervisory activities. The sessions will be instructional, as well as interactive, through group exercises, case studies and information sharing discussions.

Course Objectives

Upon completion of this course, participants should be able to:
Understand the evolving cyber threat landscape for the financial sector, key characteristics of cyber risk and its place in the enterprise-wide risk management framework
Appreciate the international regulatory developments in addressing ICT / cyber risks and define and summarize the key components of cyber risk regulation
Discuss and understand sound approaches to supervising cyber risk -both onsite and offsite; and 
Understand the financial stability implications of cyber risk and have an insight on ways to enhance the operational resilience and the cyber resilience of the financial sector.