Central Banking Journal
Payment services: CMA Small Systems
The Swedish technology company has played a critical role in supporting payment upgrades
Initiative of the year: Reserve Bank of India
By mandating a domain name for the country’s lenders, the RBI has struck a blow against cyber fraud
Payments and market infrastructure development – wholesale: National Bank of Ethiopia
The East African central bank has implemented a major overhaul of Ethiopia’s core financial infrastructure
Financial markets infrastructure services – wholesale: Bloomberg
Tech firm helped Nigeria and Sri Lanka’s central banks to build essential FX market infrastructure, and Portugal and Ukraine’s treasuries to optimise debt auctions
Payments and market infrastructure development – retail: Central Bank of Colombia’s Bre-B
Colombia’s new federated payments system achieved success due to thoughtful planning, proactive regulation and successful onboarding
Artificial intelligence initiative: Bank of Namibia
A concerted effort to implement AI has delivered efficiency gains within and across the financial sector
Communications initiative: Hong Kong Monetary Authority
Innovative campaign supported by top leadership has helped counter rising levels of financial scams
Regtech/suptech services: Regnology
Supervisory hub offers data sovereignty and essential upgrades in secure public cloud
Financial stability initiative: Central Bank of Bosnia and Herzegovina
A holistic approach is enabling the central bank to reinforce financial stability, despite country’s challenging institutional set-up
Economics in central banking: Bruno Tiberto
The Brazilian economist’s work delivers a robust study of how independence affects inequality, at a critical time for the BCB’s autonomy
Transparency award: Bank of England
UK central bank moves out of its ‘comfort zone’ with targeted efforts towards market counterparties and Gen Z citizens
Technology services: Vermeg
Vermeg’s Megara is the engine behind Europe’s landmark collateral ecosystem
Advisory services: Oliver Wyman
The firm’s crisis management expertise has supported efforts at G20 central banks, the BIS and Iraq
Governor of the year: Jerome Powell
The Fed chair has shown high levels of integrity and resolve in upholding his public duty in the pursuit of price stability and maximum employment
Reserve manager: Central Bank of the Philippines
New risk management approaches, forward-looking SAA tranching, internal capacity building and a redesigned external fund management framework set the BSP apart
Asset services initiative: HSBC
Bank’s expertise in gold and bespoke securities lending helped central banks to navigate volatility
Partner initiative: Amundi-Flar
LatAm central banks recognised the value of an ESG-aligned corporate bond ETF developed by Amundi and Flar
Asset manager: Crown Agents Investment Management
CAIM’s SDR-based investment scheme helped central banks put unused capital sources to use
Risk manager: Central Bank of the UAE
The new integrated risk management approach is identifying control gaps and enhancing efficiency
Book notes: The doom loop, by Eswar S Prasad
A persuasive analysis of a new world disorder that will bring an end to central bank independence
Book notes: Before the Fed, by Jon Moen and Mary Tone Rodgers
A significant contribution to understanding private-sector financial crisis responses, relevant to today’s lender-of-last-resort function
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Book notes: 1929: the inside story, by Andrew Ross Sorkin
A compelling narrative offering fresh perspectives on the key characters, events and implications of the great crash
Book notes: The London Consensus, by Tim Besley, Irene Bucelli and Andrés Velasco
The authors set out guidelines to address shortcomings linked to the Washington consensus, but implementation will be a challenge