Financial Reporting, Accountability and Independence in Central Banking main page 2021

Financial Reporting, Accountability and Independence in Central Banking

Financial Reporting, Accountability and Independence in Central Banking

September 13 – 16

“Do central banks have the financial resources they need to fulfil their mandate?” Once an abstract, academic question, this became front page news in March 2020 following official sector responses to Covid-19.

These showed all too readily that, in a financial crisis, the central bank is a first responder. For those charged with overseeing their central bank’s balance sheet, the impact of the crisis will be felt for years to come. More broadly, central bankers now question long-held tenets on reporting of risks, compliance with international standards and capital and profit-sharing.

This course, “Financial Reporting, Accountability and Independence in Central Banking” is designed to equip central bankers with responsibilities in finance and financial reporting to meet these challenges.

Each day will feature three hours of expert-led live content to maximise the opportunity to share and learn. The course chair will ensure participants have opportunities to network throughout the programme.

Learning outcomes

​​​​​At the conclusion of the training, participants will be able to:

  • Understand how to tackle the challenges in a multi-mandate environment
  • Gain insight into the state of the art in fintech
  • Assess best practice of accounting standards for modern central banks
  • Analyse the optimisation of IT applications for central bank reporting
  • Tackle the management of the audit process

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Kenneth Sullivan

Director

Central bank consulting and former senior financial expert, International Monetary Fund)

Kenneth Sullivan was until 2015 a senior financial sector expert with the International Monetary Fund. Previously, he spent seven years at the Reserve Bank of New Zealand as chief manager of both Accounting and Corporate Services where the bank won accounting prizes for the transparency of its published financial statements. Prior to that he provided a financial management information system consultancy, held senior accounting roles in insurance and wholesaling, and worked in education. Starting in 1993 he served as accounting expert on IMF missions, providing accounting technical assistance to central banks around the world, organized and presented at central bank accounting workshops and participated in Financial Sector Assessment Program and Safeguard Assessment