About This Event
“Set the currency mix that carries your reserves through the next shock.”
Builds executive fluency in FX market structure, currency composition strategy and FX risk management for official reserves, connecting dealing-room reality to the governance decisions made above it.
What You'll Explore
A defensible currency composition strategy for your reserves
Command of FX hedging instruments: forwards, swaps, options
A rehearsed intervention framework for fast-moving markets
The fluency to challenge or brief your dealing room with confidence
A working understanding of intervention triggers and market operations
Who Should Attend
Open to all qualifying staff — particularly: Reserve Managers, FX Dealing Room Heads, Deputy Governors.
Why This Course Matters
Market Structure Literacy
Understand FX participants and instruments well enough to challenge dealing-room decisions.
Currency Composition Strategy
Set and defend the currency mix that underwrites national reserve resilience.
Intervention-Ready
Practise the hedging instruments and intervention frameworks used when markets move fast.
Programme
Day 1
FX market structure, participants & instruments
Understand exactly what your dealing room is doing and why.
Day 2
Currency composition strategy for reserves
Set and defend a currency composition strategy for reserves.
Day 3
FX hedging instruments: forwards, swaps, options
Work through the mechanics of FX hedging instruments.
Day 4
FX intervention frameworks & market operations
Study how central banks actually move in fast markets.
Day 5
Currency risk policy defence
Draft and defend a currency risk policy.
Standards & Faculty Benchmark
ACI Dealing Certificate topics
Dealing-room and FX market-structure standards for markets-track courses.
IMF COFER framework
Reserve management guidelines and the Reserve Advisory & Management Partnership curriculum.
ACI Dealing Certificate topics and the IMF's COFER framework are the standards your dealing room and external reviewers already use to judge currency composition.
Is This Right for You?
- ☑You oversee or influence FX reserve strategy
- ☑You need to understand the dealing room, not just receive its reports
- ☑Currency composition decisions sit on your desk
Good to Know
Covers FX strategy with enough dealing-room grounding to brief or challenge the desk directly.
The Bottom Line
Go back able to set, defend and, if necessary, revise your currency composition strategy without waiting for the dealing room to explain it to you first.
Recommended For
Open to all qualifying staff — particularly: Reserve Managers, FX Dealing Room Heads, Deputy Governors.