The International Center for Monetary and Banking Studies has organised every year since 1982 courses for professionals in banking and finance. Training is intensive and stimulating, providing participants with one of the most extensive and thorough overviews of major developments in finance currently available. ICMB courses are designed to provide training in modern finance and its uses. Emphasis is placed on practical applications as well as on an understanding of fundamentals. The courses seek to sharpen the skills of participants and to equip them with the perspective, tools and techniques needed to meet the challenges of a rapidly changing and increasingly competitive international financial environment.