Executive summary
Executive summary
Executive summary
Trends in reserve management: 2022 survey results
Interview: Gerardo García
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Reserve managers weigh the risks amid the Ukraine crisis
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics
This book, HSBC Reserve Management Trends 2022, the 18th annual edition, is published at a time when reserve managers around the world are re-evaluating their assumptions for the year following Russia’s invasion of Ukraine.
For reserve managers, the tragic events will impact markets, most notably their liquidity and volatility, and in the longer term inflation, and by extension monetary policy. More broadly, it will lead to a recalibration of geopolitical risk, with implications for choices around currency and custody.
2022 survey findings
The first chapter presents the findings of a
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