Foreign Exchange
Book notes: Gaining Currency, by Eswar Prasad
A detailed study into the renminbi’s journey to becoming the reserve currency
Singapore to work with China on capital market development, MAS’s Loh says
“Wider suite” of risk management tools needed to stem risks rising from capital market liberalisation
Bahamas further relaxes capital controls
Specific sectors of the economy will be able to obtain foreign exchange from banks both at home and abroad
Sterling shorts could see sharp unwinding on Brexit day
As the start of the negotiation process between the UK and EU approaches, an already weak sterling faces more tests
SNB annual report sheds light on equity investing strategy
Central bank details approach to investing around 20% of its foreign exchange reserves in equities
BoE’s Jackson: need to intervene on market function still an open question
Rebecca Jackson discusses flash events, market structure, and whether there is a case for further intervention
Iceland lifts capital controls
Central bank will retain controls on inflows to resist carry trade
Barbadian finance minister thanks Worrell, despite sacking him
Sinckler says government will “eliminate reliance" on central bank financing
Nigeria’s central bank rolling back forex restrictions
Allocation rules scrapped under new regime; forex dealers must open airport outlets to aid travellers
Malaysian government opens case on historic forex losses
Government to investigate losses from profit-driven reserves policy
Reserve manager of the year: Bank of Israel
For its portfolio optimisation and breakthroughs in sensitivity analysis
Asset manager of the year: State Street Global Advisors
US asset manager takes customisation to a new level
Global securities lending services provider of the year: BNP Paribas Securities Services
For helping official institutions to glean additional revenue from their bond holdings
Technology provider of the year (risk management): Calypso Technology
US firm has secured prestigious clients by tailoring platform to needs of central banks
Reserve Bank of Tonga makes further tweaks to exchange controls
Reserve Bank continues to relax exchange controls, removing monthly limits and some identification requirements
Lebanon’s innovative financial operations not sustainable – IMF
Method boosted foreign reserves and improved banks’ capital positions
Barbados has failed to find growth balance, says governor
Further restrictions on spending needed to protect country’s reserves, says Worrell
African central banks have cut euro exposures, says Uganda’s Kavuma
Combination of negative interest rates and falling reserves hit euro holdings
SNB ups allocation to currency reserves
New rule allows for higher allocations to reserves provision
Ukraine’s central bank calls for action against illegal forex dealers
NBU says authorities failed to act against 32 illegal operations in Kyiv
Ukrainian central bank proposes abolition of forex restrictions
Central bank plan includes draft law, despite political disputes
Some way to go for renminbi as reserve currency – Bundesbank's Thiele
Chinese investment markets should be opened up to foreign investors, Thiele says
Rand volatility not driven by South African economic ‘surprises’ – IMF paper
Commodity prices, domestic politics and US economics affect rand volatility
IMF lauds renminbi SDR launch, but some see momentum stalling
Some economists see China's reform progress slowing