Strengthening Governance & Leadership for Central Bank Boards

Strengthening Governance & Leadership for Central Bank Boards

Strengthening Governance & Leadership for Central Bank Boards

3rd December 2025

2:00 pm - 6:00 pm GMT

9:00 am - 1:00 pm EST

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Stefan Ingves

Former governor

Sveriges Riksbank

Stefan Ingves served as the governor of Sveriges Riksbank, from 2006 to 2022. He was chairman of the Basel Committee on Banking Supervision from 2011–19. Since November 2021, he has served as the vice-chairman of the Bank for International Settlements where he has chaired its Banking and Risk Management Committee since 2007. Ingves served as chairman of the Advisory Technical Committee of the European Systemic Risk Board between 2011 and 2017, and was first vice-chair of the ESRB from 2021. From 1999–2005, Ingves was director of the monetary and financial systems department at the International Monetary Fund and worked as deputy governor of the Riksbank from 1994–98, after a year working as director-general of the Swedish Bank Support Authority. From 1988–92, he was a member of the board of the Swedish National Debt Office, the Stockholm Stock Exchange and Värdepapperscentralen, as well as under-secretary for financial markets and institutions at the Swedish Ministry of Finance. Ingves has also worked in banking as assistant vice-president in the central finance and fund management division at Svenska Handelsbanken between 1984 and 1986, and was president of Sofe, Sweden’s Options and Futures Exchange in 1987. He has a PhD in economics and was a lecturer at the Stockholm School of Economics between 1976 and 1984.

Course overview & agenda

02:0002:10

Welcome and context-setting

02:00 - 02:10

  • Welcoming all participants and setting course objectives

02:1002:45

The evolving roles of central bank boards

02:10 - 02:45

  • Overview of the governance landscape
  • Navigating operational independence & accountability as mutual enablers

02:4503:30

Strategic oversight & decision-making

02:45 - 03:30

  • Balancing operational oversight with long-term strategic vision
  • Legal powers and mandates
  • Board-level approaches to policy alignment and institutional priorities

03:3003:40

Quick break

15:30 - 15:45

03:4004:30

Risk governance & resilience in the boardroom

04:30 - 05:30

  • Understanding systemic, operational, and emerging risks
  • Oversight of cyber resilience, climate-related risks, and geopolitical threats
  • Integrating stress-testing and scenario planning into board discussions
  • Role of the board in crisis preparedness and response

04:3005:30

Board oversight of innovation & technology

04:30 - 05:30

  • AI governance, fintech disruption, and payment system innovation
  • Balancing innovation with safety and soundness
  • When the board should lead vs. follow on technology adoption decisions

05:3006:00

Effective board dynamics & stakeholder engagement

05:30 - 06:00

  • Managing diverse perspectives and avoiding groupthink
  • Engagement with government, regulators, and international stakeholders

Learning outcomes

  • How to balance independence and accountability within evolving central bank governance
  • Tools for making strategic, long-term board decisions aligned with institutional priorities
  • Ways to oversee and respond to systemic, operational and emerging risks
  • The board’s role in guiding innovation, technology adoption, and payment system modernisation
  • Techniques for fostering constructive boardroom debates and effective stakeholder management