Feature
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…
An international system for all
Reform of the system that brought about the financial crisis in 2007–08 has not gone far enough, writes Zhu Xian, IFF vice-chairman and vice-president of the New Development Bank. Developing countries are demanding greater influence in global economic…
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Climate change: a new challenge for financial stability?
What is the role of central banks when it comes to climate change risks?
The role of e-cash in China
E-cash improves convenience and security while cutting cash handling fees
Renminbi reserves are still relatively small
Renminbi investments still account for much smaller fraction of global forex reserves than China’s significance in world economy would merit
Lifetime achievement: Zhou Xiaochuan
Former PBoC governor stands out for his high levels of integrity, intellectual rigour and bold reforms
Governor of the year: Karnit Flug
Bank of Israel’s first female governor delivered some hard-fought reforms during her time in office
Central bank of the year: Monetary Authority of Singapore
Fintech pioneer has strong monetary policy, financial stability and supervisory record
Economics in central banking: Greg Kaplan, Benjamin Moll and Gianluca Violante
‘Monetary policy according to Hank’ boosts realism of core economic models
Website of the year: Sveriges Riksbank
Redesign has resulted in users engaging with more content
Risk manager: Saudi Arabian Monetary Authority
Multi-year overhaul of Saudi central bank’s risk architecture has come to fruition
Risk management technology: Vermeg
Dutch company won high-profile tender for Eurosystem Collateral Management System
Professional services initiative: World Gold Council
Trade body developed guidance to bring greater consistency to monetary gold accounting practices
Advisory services: Deloitte
Central bank footprint includes new projects on cyber resilience in Canada, fintech in Saudi Arabia, DLT in Hong Kong
Treasury systems initiative: Ion Treasury
Ion’s purchase of Openlink boosted central bank business, with ECB being a ‘jewel in its crown’
Data services: Vizor Software
Irish tech company has rolled out major updates to pave way for more agile supervision
Outstanding contribution for capacity building: Warren Coats
For extraordinary work with more than 20 central banks in highly challenging circumstances
Transparency: National Bank of Ukraine
Ukrainian central bank has made strong progress in improving transparency during challenging year
Payments and market infrastructure development: Reserve Bank of Australia
RBA has spearheaded development of upgraded retail payment system that includes real-time settlement