Foundations of Central Bank Law

This online course, presented by the Institute for Capacity Development and the Legal Department, introduces participants to the foundations of central bank law. The course covers the legal issues that are necessary to support sound and effective central banks. It addresses the legal underpinnings of the mandate, decision-making structures, autonomy, accountability, transparency, and operations of central banks. This course combines theoretical components with practical exercises on how to analyze and design central bank legal frameworks.

Target Audience

Legal advisors of central banks and ministries of finance.

Learning Objectives

Upon completion of this course, participants should be able to:

Identify the key legal issues that generally need to be covered in central bank legislation, and how international good practices address those issues.
Interpret and advise on the application of key legal issues and international good practices in domestic legislation.
Analyze and assess domestic central bank legislation against international good practices.
Develop and formulate recommendations on how to modify central bank legislation through law reform to align it to international good practices.
Explain to stakeholders proposed amendments to central bank legislation and defend those proposals in discussions and consultation procedures with stakeholders.