Central Banking Awards 2021
The winners of the 2021 Central Banking Awards
The Central Banking Awards 2021 recognise excellence in a community that faced extreme policy and operational challenges brought about by the Covid-19 pandemic. In spite of the challenges, many central banks have also continued with efforts to develop their governance, operations, communications, economics, currency, reserves, data and market infrastructure capabilities.
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If you would like to purchase additional rights please email info@centralbanking.com
The Central Banking Awards 2021 virtual ceremony
View the trophy presentations and acceptance comments from the winners of the eighth annual Central Banking Awards
Central Banking Awards 2021: winners in full
Winners in 2021 include the Federal Reserve, Alejandro Díaz de León and Charles Goodhart
Central bank of the year: The Federal Reserve System
Overwhelming Fed interventions forestalled a damaging global financial crisis
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the integrity and independence of Banxico against significant pressures
Lifetime achievement: Charles Goodhart
LSE and BoE veteran has influenced central banking policy practices and frameworks all around the world
Economics in central banking: ‘Patterns in invoicing currency in global trade’, Emine Boz, Camila Casas, Georgios Georgiadis, Gita Gopinath, Helena Le Mezo, Arnaud Mehl and Tra Nguyen
An extensive data-gathering exercise allowed the authors to shed new light on critical aspects of policy-making in a globalised world
Reserve manager of the year: Bank Indonesia
Asian central bank stabilised rupiah’s fall during Covid-19 pandemic in large part due to new macro-factor strategic asset allocation framework
Green initiative: Bank of England
UK central bank breaks path for others by disclosing climate-related risk across all operations
Initiative of the year: Saudi Central Bank’s business continuity programme
Advanced planning allowed Sama employees and systems to continue operating critical functions despite Covid-19 lockdowns
Risk manager: National Bank of Georgia
Liquidity stress tests provided confidence to ease daily thresholds, and offer exchange rate, internal market and financial system support, without forcing the liquidation of illiquid reserves
Currency manager: National Bank of Ukraine
Decisive actions to cut currency denominations while upgrading notes and coins are starting to pay off
Currency initiative: The ECB and US Federal Reserve’s CDI2 standards
The pair has created an important new technical standard to support more efficient cash management
Communications initiative: Bank of Portugal
Launch of two mobile apps marked the final steps to redesign digital communication channels
Website: Central Bank of the Philippines
BSP says its website’s mobile-friendly design and chatbot has boosted effectiveness of communication
Transparency: National Bank of Georgia
Georgia’s central bank has improved monetary policy, financial stability and consumer protection communications
Payments and market infrastructure development – retail: Central Bank of Hungary
Strict implementation rules and unique operational setup supported e-payments shift during pandemic
Payments and market infrastructure development – wholesale: Reserve Bank of New Zealand
NZ central bank has embraced major payments infrastructure changes to reduce risk and future-proof country’s payments landscape
Asset manager: BNP Paribas Asset Management
Firm has leveraged its focus on official institutions, expertise in MBS, training, reporting and ESG compliance
Climate initiative: HSBC
UK bank is working closely with central banks and other official institutions to support transition towards greener global system
Innovation in reserve management: World Bank Treasury/ANZ Bank
Pair developed Swift-based messaging app to manage faster and safer cash operations
Climate portfolio services: RepRisk
Swiss firm’s ML tool offers central banks and SWFs early warnings on climate-related risks
Specialised lending initiative: Clearstream
Clearstream is supporting eurozone central banks with their asset purchase programmes
Global markets award: BNP Paribas
The bank shone across a wide range of business areas and regions during the turbulence of Covid-19
Advisory services: Oliver Wyman
The consultancy has built a reputation for analytical excellence and governance expertise
Currency services: Crane Currency
Firm supported clients’ needs throughout pandemic, while continuing to innovate with launch of micro-optic security features
Currency services initiative: CCL Secure
The banknote substrate provider is making a concerted effort to reduce its environmental impact
Collateral management services: Calypso Technology
US-headquartered tech company has helped develop “new backbone” of the Swiss financial market
Risk management technology: Ion Treasury
Firm has championed Libor transition services and assisted the management of reserve positions amid Covid 19
Treasury systems initiative: Refinitiv
Firm’s data-driven approach is helping central banks stay ahead of fast-moving markets
Financial market infrastructure services: Bloomberg
Bloomberg’s responsive deployment of new liquidity capabilities helped emerging-market central banks cope with pandemic market disruption
Payment services: ACI Worldwide
ACI has emerged as an important provider of real-time digital payments software