Strategic Planning
BNM and BI boost co-operation amid ‘challenging’ geopolitics
Banks say agreement aims to promote regional stability and sustainable growth
Annual reviews usually linked to strategic plans for some staff only
Remuneration commonly not linked with progress on strategic goals
Team leaders increasingly involved in strategic plan implementation
Respondents commonly review plans and re-align objectives after strategic cycles
Number of dedicated strategic planning units rises
Larger central banks more likely to have dedicated units
Intranet and events are main strategy comms tools
Central banks widely use dedicated web page for external communications
Few central banks involve third parties in strategic plan development
Standard operational budgets remain leading source of funding
Disclosure and supervision are top ESG strategy objectives
Emissions monitoring broadly in focus for central banks with narrower plans
Strategic planning frameworks widely draw on Swot analysis
European central banks’ strategies tend to favour Pestel analysis
Narrower strategic planners use more pillars than broader planners
Secondary objectives average 15 in central banks’ strategic plans
Third of central banks set strategic plans on five-year horizons
Just one respondent implements planning on ad hoc basis
AI surges as focus for strategic planning
But digital transformation is still the most widespread goal of planners
Sabine Mauderer on the past, present and future of the NGFS
Bundesbank official discusses green policy, the Fed, data blind spots and future prospects
State support for Asian firms should be scaled back, says Rhee
BoK governor believes structural reforms are also needed if region’s success is to be sustained
Hong Kong and Macao renew co-operation efforts
De facto central banks say move will assist territories’ joint development alongside Guangdong province
BSP to use satellite imagery to aid policy-making
Philippines central bank partners with space agency to help identify climate-vulnerable communities
Brunei to focus on Islamic and sustainable finance
Central bank says it has no plans to introduce a CBDC or stablecoin regulations
Working group minutes: strategic planning structures
Central banks are adapting their strategic planning functions and adopting digital tools
BoK debuts bespoke AI for central bank use
Technology trained on Korean language inputs will aid research and compliance, Bank of Korea says
Iceland cuts back on regular currency purchases
Reserves have reached more than 120% of IMF’s preferred metric
Hungary to receive Argentina-style US swap line, PM suggests
‘Financial shield’ to render EU measures ineffective, Orbán says
Denmark and Sweden should join eurozone, Finnish governor says
Scandinavian countries would benefit from cheaper infrastructure, says Olli Rehn