Central Banking held its inaugural awards dinner at the Waldorf Hilton in London on March 13 to recognise excellence in the central banking community.
Former chairman of the Federal Reserve Paul Volcker was given a standing ovation as he was presented with Central Banking’s lifetime achievement award for his many remarkable achievements in public policy over a period of 40 years, not least demonstrating that inflation can be kept under control.
“Paul Volcker views public office as a precious trust and has established ‘the benchmark’ for integrity, dedication and commitment in public service. Moreover, he has done this while keeping a close eye on financial markets and the banking system – although he is an economist, he does not sit in an ivory tower,” said Central Banking editor Christopher Jeffery.
“Put simply, Paul Volcker’s record of achievement in difficult circumstances continues to provide an inspiration to central bankers and other policy-makers throughout the world.”
After receiving the award, Volcker held a 40-minute ‘conversation’ with Central Banking founder and chairman of the editorial board Robert Pringle to discuss some of the lessons he has learned from his career as well as some of the pressing issues related to central banking, bank regulation and the economic system.
Other awards winners included: Mario Draghi, governor of the year; the People’s Bank of China, central bank of the year; the Central Bank of Colombia, reserve manager of the year; Sveriges Riksbank, transparency award; the Bank of Spain, website of the year; BlackRock, asset manager of the year; Northern Trust, global custodian of the year; VocaLink, payments and clearing technology provider of the year; and OpenLink, risk management technology provider of the year.