Workshop on USD Liquidity Management and Payments Operations co-hosted by the FRBNY

GOAL

To provide a detailed review of USD short-term instruments and USD payment operations for central banks acting as respondent and correspondent.

COURSE DESCRIPTION

In managing foreign currency reserves and cross-border payments, every central bank is necessarily investing in short-term money markets and seeking to align their front to back office operations with industry best practices. Workshop participants will be expected to take an active role in driving the discussion and sharing lessons learned from their respective institutions. This course will also include participant panel discussions. Speakers include officials from the New York Fed, World Bank, other official sector institutions, and the private sector.

DISCUSSION TOPICS

• US money market instruments, trading, and rates
• Federal Reserve policy and relationship to money market rates
• Cross–border payment operations, end-to-end controls, and relevant messaging and payment infrastructures
• AML/CFT laws and compliance frameworks for respondent and correspondent central banks
• Cyber security and end-point security considerations for payment operations including discussion of recent international policy strategies to mitigate these risks

TARGET AUDIENCE

Participation in this program is open to central bankers only. Candidates must be nominated by the governor, chief executive officer, or head of the training department of their institution. Priority is given to applicants who are directly involved in managing reserves and payment operations at their institution. Candidates are usually mid-level officers with sufficient education and work experience to benefit from the program. Participants must be proficient in English as the course is conducted in English, and translation is not provided.