Central Banking Awards 2023
The winners of the 10th annual Central Banking Awards
The Central Banking Awards 2023 recognise excellence in a community that had faced significant policy and operational challenges amid heightened inflationary pressures, rapid technological change and environmental transition. Many institutions have also made significant improvements in their governance, operations, communications, economics, currency, reserves and market infrastructure capabilities.
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Central bank of the year: National Bank of Ukraine
NBU maintained financial and macroeconomic stability in the face of extreme shocks
Governor of the year: Shaktikanta Das
The RBI governor has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times
Risk manager: Bank Negara Malaysia
Three pillars of information security management system developed to address modern working conditions
Economics in central banking: Enrique Martínez García, the Federal Reserve Bank of Dallas
Multi-year effort has created a way for policy-makers to gauge when housing risks are spiralling out of control
Transparency: Central Bank of Bosnia and Herzegovina
Central bank pioneers standards in a complex country struggling with systemic corruption
Communications initiative: Eastern Caribbean Central Bank
More than 200 educational videos have played to audiences across eight member islands
Initiative of the year: Central Bank of Ecuador’s Gold Acquisition Programme
The BCE’s gold initiative now includes environmental considerations as it bolsters Ecuador’s financial standing
Payments and market infrastructure development: Central Bank of Somalia
Project has returned national payment system to East African country after near-30-year absence
Payments and market infrastructure initiative: National Bank of Ukraine’s BankID
The authentication tool played a critical role in helping war-hit citizens to access financial services
Asset manager: Invesco
US firm has grown both client numbers and asset investments, securing a $1bn multi-factor mandate
ESG services: BNP Paribas
The firm is helping reserve managers to manage their climate transitions and avoid greenwashing
Asset services provider: HSBC
UK institution has facilitated the development of lending markets in the Middle East and Asia
Financial market infrastructure services: Bloomberg
The US tech company’s drive to address local market needs drew praise from both developed and frontier clients
Asset services initiative: The World Bank
The multi-lateral body has laid the foundations for quick and easy execution of dual-renminbi mandates
Partner initiative: Norton Rose Fulbright
Law firm working with the EBRD and central banks to develop regulatory environments for crowd-based investing
Advisory services: Financial Transparency Advisors
The AML/CFT specialist is quietly helping key jurisdictions worldwide to toughen their approach to combating financial crime
Payment services: Ion Group
US tech company has supported its customers’ ISO 20022 migration
Risk management services: KPMG
Technological and intellectual expertise assisted central bank efforts to supervise the UAE insurance sector
