For the first four decades or so, the Bank relied on more ‘direct’ tools to conduct policy. The typical example was altering the amount of money that financial institutions were required to keep at the Central Bank, i.e. the so-called ‘reserve requirement’ whereby institutions were mandated to put a certain proportion of their deposit liabilities in non-interest bearing accounts at the Bank.
Over the past two weeks, you have deepened your understanding of a wide range of topics ranging from understanding the inherent risks linked to the activities of financial institutions and measures that can be adopted to mitigate those risks, drawing from the lessons of previouslyexperienced threats to prevent their reoccurrence; corporate governance; compliance; business strategy assessment; and the use of Fintech, amongst others.