The next intake for this module will commence in October 2021.
In the Comparative Central Banking module, you will explore and discover why central banks have different mandates, objectives, governance and operating procedures and thereby you will gain an understanding of the scope of possible policy choices across the broad range of central bank activities.
You will learn to draw comparisons between the US, Europe, Japan and EMEs (including fixed exchange rate regimes), and case studies from how central bank operations – to support both monetary and financial stability – evolved during the Great Financial Ccrisis. The Module also includes material on how central banks have responded during the early phase of the Covid-19 pandemic.
The module will touch on all of a central bank’s typical roles including monetary policy; financial stability; balance sheet and reserves management; market operations; banknotes; lender of last resort, supervision and regulation; and other regulatory issues such as market conduct, payments, resolution and digital currencies.
This module is led by Paul Fisher, the Former Executive Director of the Bank of England, and Diarmuid Murphy, the Head of Function - Banking Authorisations at the Central Bank of Ireland.
Paul Fisher - Former Executive Director, Bank of England
Paul is a British economist who worked for the Bank of England for 26 years, holding senior positions including Executive Director for Markets and Deputy Head of the Prudential Regulation Authority (PRA). He was a member of the Monetary Policy Committee, the interim Financial Policy Committee and the PRA Board. He now has a portfolio of roles, including as an Advisor to CCBS.
Other current affiliations include: Chair of the London Bullion Market Association; Nonexecutive director, UK Debt Management Office; Fellow, Cambridge Institute for Sustainability Leadership, Visiting Professor, London Institute of Banking and Finance.
Diarmuid Murphy - Head of Function - Banking Authorisations at the Central Bank of Ireland
Diarmuid was a central figure in the Central Bank of Ireland’s (CBI) response to the Irish financial crisis and prior to this he spent some time working at the ECB in Frankfurt as a collateral policy expert. More recently, Diarmuid spent several years at the International Monetary Fund (IMF) where he focused on shaping post-crisis international policy through a combination of country surveillance, technical assistance, and publications. Diarmuid, now back at the CBI, currently leads the retail banking authorisations team in the Prudential Pillar and is also working on the prudential and crisis management related aspects of Covid-19 and Brexit.