Boards are the main authority for benchmark approvals

Risk management teams tend to lead effort to propose new benchmarks

The board of directors remains the key decision-making body when it comes to central banks adopting new benchmarks for their foreign exchange reserves operations.

Boards have the final say in 57.8% of institutions, with investment committees having the authority to determine such decisions in 26.3% of central banks. The remaining institutions use alternative institutional arrangements that can include approval by a foreign exchange reserves management committee, another senior-level strategic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account