Reserves
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
Sovereigns increase fixed-income allocations amid volatility
Central banks intend to increase renminbi allocations and adopt ESG, survey finds
IMF gives Pakistan bailout, but demands central bank freedom
Imran Khan government must have flexible exchange rates and end monetary financing, IMF says
MAS triples yearly profit, but warns growth may fall
Singaporean central bank says US-China tensions may cut GDP growth
Book notes: Why not default?, by Jerome Roos
Thought-provoking book that will repay investment of any reader with an interest in sovereign debt
Euro internationalisation pushes ECB to rethink policy approach
Wider euro use forces policy-makers to consider ever more global factors in monetary policy analysis
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré
Three Asian central banks rebuff US claims of currency manipulation
Singapore, Malaysia and Vietnam respond to being placed on US Treasury watch list
Carney warns of ‘global liquidity trap’
BoE governor says model of “capital flows at risk” highlights important vulnerabilities
Colombian central bank suspends reserves accumulation
Board wants to assess the impact higher reserves may have on the peso’s exchange rate
Taiwan’s central bank vows to defend currency
Taiwanese currency hits 28-month low against US dollar as US-China trade tensions worsen
Central banks turn to factor investing for reserve management
Lack of capabilities may hamper effective use of factor analysis, officials say
Central banks must break with short-term political cycles – Díaz de León
Mexican governor stresses independence and long-term objectives can help tackle populism
How Singapore manages its reserves
MAS’s Menon explains use of customised fixed income benchmarks and factor-based models
Central Banking’s ‘Leaders’ for custody, banking and gold
Reserve managers reveal their top counterparties
Capital outflows further reduce Turkey’s reserves in March
Current account deficit falls, but the economy’s weak external position remains unchanged
Israeli reserves rise on higher equity prices in April
Portfolio increased in value by $524 million to $118.7 billion, which represents 32.2% of GDP
Central banks prove eager investors in AIIB debut
Official sector snaps up two-thirds of AIIB’s inaugural bond issuance
Time for resilience
Events that impact markets have made it crucial to build resilient portfolios that are aware of downside risks. BlackRock explores the importance of protection in downturn scenarios for reserve managers.