Foreign Exchange
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
BIS survey points to turnaround in global forex volumes
Latest survey suggests more than a decade of growth may have come to an end
Capital outflows look manageable as Iceland moves to lift controls – central bank
Central bank analysis implies financial system will cope with lifted capital controls
China to create own version of FX code
A newly established Chinese FX Committee is working on creating a Chinese version of the Global Code of Conduct, for domestic and foreign banks operating in the onshore market
PBoC gives World Bank green light as China’s first SDR bond issuer
World Bank to issue China’s first bond denominated in special drawing rights
Singapore’s GIC warns of lower returns in coming years
High valuation of asset prices and modest growth outlook points to future lower returns
Indian reserves climb to $360.2bn at end-March
Reserve Bank of India’s latest report on reserve management shows 2.8% increase over six months
Bangladesh has more FX reserves than it needs, chief economist says
Biru Paksha Paul says Bangladesh only needs enough reserve to cover six months’ worth of imports
A year of progress for Chinese reforms, but there is much still to do
PBoC deputy Pan on China’s growth prospects, RMB reform and stock market volatility
Discontinuation of Libor would result in ‘significant systemic risk’, Powell says
Fed’s Powell discusses future of Libor