Reserves
Norges Bank notes importance of research for fund management
Models of investor heterogeneity, non-tradable, non-financial risk, market frictions and time-varying uncertainty all serve to help modify portfolios appropriately
Sudan Central Bank seeks to build gold refinery
Central Bank of Sudan asks for tenders to construct a gold refinery in the country
RBI profits fall on low return from foreign assets
Reserve Bank of India reports a 20% decline in profits over the 12 months to June due to declines in income on foreign assets and higher expenditure costs
Foreign central banks pile into Swedish government bonds
Central banks acquired 49% of the latest sale of government debt issued by The Swedish National Debt Office.
Gaddafi may escape with central bank gold, says ex-Libyan governor
Former governor of the Central Bank of Libya Farhat Bengdara says Gaddafi may have run off with billions of dollars worth of gold; says Libyan leader attempted to sell bullion as bribe for security
ING’s Gupta: Yuan to become reserve currency in two years
ING Investment Management Asia’s CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.
Venezuela’s Chavez orders diversification of reserves
Hugo Chavez has asked the central bank to repatriate gold reserves and diversify holdings amid “global crisis of capitalism”; controversial president also plotting to nationalise gold industry
Barbados moves back into the black
Central Bank of Barbados reports $1.5 million profit for 2010 due to a higher return on securities sales and cost reductions
‘Now is the time’ for China to end dependency on dollar, says former official
Former member of the monetary policy committee of the Chinese central bank says China must end dependency on dollar; advises immediate renminbi ‘float’
Last-minute US debt ceiling rise leaves world reeling
Debt ceiling deal will not restore investor confidence immediately; China still looking to diversify reserves away from dollar; credit ratings agencies cautiously affirm top ratings
South Korea follows through on gold purchase plans
South Korea buys $1.24 billion worth of gold; governor said in October 2010 that central bank was considering expanding gold holding
Swiss National Bank posts large loss due to surge in currency
SNB records Sfr10.8 billion ($13.7 billion) loss for the first half of 2011; blames strong appreciation of Swiss franc
Renminbi will not be ready to join SDR in 2015: CentralBanking.com panel
Panellists tell Robert Pringle they believe 2015 will be an important year in the internationalisation of the renminbi; currency will not be included in reweighting of SDR
Central banks are vulnerable to financial risks: Norges Bank paper
Norges Bank study says the current international financial architecture leaves central banks exposed to financial risks
BIS sees profits plummet
Annual report shows net profit falls to “more normal” level after record amount last year
Gold holdings 'useless': CentralBanking.com panellist
Gold holdings are “useless” and a “remnant from the past”, according to Michael Hart, head of FX strategy at Roubini Global Economics
Reserve managers must reconsider strategies: CentralBanking.com panel
Central bank reserve managers must think about diversification to better prepare for future crises, panellists say
HKMC - Annual Report (2010)
Hong Kong Monetary Corporation 2010 Annual Report shows $600 million increase in loans purchased in Hong Kong
Bank reserves do not affect lending levels: NY Fed paper
New York Federal Reserve study says bank lending levels are independent of amount of reserves in banking system
Central bank capital levels: do they matter and what can be done?
The crisis has undoubtedly intensified the debate on negative capital. Martina Horáková investigates
Slovakia falls €515 million into the red
National Bank of Slovakia Annual Report shows a €515 million loss for 2010 due to large write-downs on securities and derivatives
IMF’s Lipsky considers yuan in future SDR
IMF first deputy managing director John Lipsky says renminbi is “serious candidate” for inclusion in special drawing rights
Japan set to up legal reserve to safeguard against losses
Japan applies to increase capital buffer; wants to "maintain its financial soundness"