Central Banking Journal
Lifetime achievement: Charles Goodhart
LSE and BoE veteran has influenced central banking policy practices and frameworks all around the world
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
Advisory services: Oliver Wyman
The consultancy has built a reputation for analytical excellence and governance expertise
Collateral management services: Calypso Technology
US-headquartered tech company has helped develop “new backbone” of the Swiss financial market
Communications initiative: Bank of Portugal
Launch of two mobile apps marked the final steps to redesign digital communication channels
Global markets award: BNP Paribas
The bank shone across a wide range of business areas and regions during the turbulence of Covid-19
Green initiative: Bank of England
UK central bank breaks path for others by disclosing climate-related risk across all operations
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
Governor of the year: Alejandro Díaz de León
Díaz de León has upheld the integrity and independence of Banxico against significant pressures
Innovation in reserve management: World Bank Treasury/ANZ Bank
Pair developed Swift-based messaging app to manage faster and safer cash operations
Asset manager: BNP Paribas Asset Management
Firm has leveraged its focus on official institutions, expertise in MBS, training, reporting and ESG compliance
Climate portfolio services: RepRisk
Swiss firm’s ML tool offers central banks and SWFs early warnings on climate-related risks
Climate initiative: HSBC
UK bank is working closely with central banks and other official institutions to support transition towards greener global system
Big data in central banks 2020–21 report: shifting to centre stage
Data governance appears to be improving and central banks are embracing cloud technology
Data-driven policy-making for central banks focus report 2021
In this report, Central Banking discusses why data is so crucial for central banks to make effective policy decisions and why current traditional indicators that are no longer fit for purpose. The pandemic has highlighted the need for an overhaul of data…
The untapped potential of transaction data
Covid-19 has highlighted the need for central banks to have more timely information, questioning whether high-frequency indicators are being used to their full potential.
Mário Centeno on monetary-fiscal interaction in the eurozone
Bank of Portugal governor says ECB is not being overrun by former finance ministers, must improve the definition of its inflation target, and has no need for YCC
Book notes: Capital and ideology, by Thomas Piketty
A political pamphlet like Milton’s ‘Areopagitica’, but longer
Kenneth Montgomery on the Fed’s progress with instant payments
The FedNow project leader explains how the US will develop ubiquitous, real-time payments
Book notes: Asset management at central banks and monetary authorities, edited by Jacob Bjorheim
This excellent book fills a critical gap existing since IMF guidelines on asset management were revised
The Covid crisis, central banks and the future
Crisis responses were needed, but have exacerbated significant underlying challenges facing central banks
Book notes: The political economy of the special relationship, by Jeremy Green
Unsatisfactory story about the decline and resurgence of the UK’s importance in the global financial system