Reserves
Innovation in reserve management: World Bank Treasury/ANZ Bank
The pair developed a Swift-based messaging app to manage faster and safer cash operations for central bank members of Ramp at the height of the pandemic
Asset manager: BNP Paribas Asset Management
The European asset manager has leveraged its focus on official institutions, expertise in MBS, training, reporting and ESG compliance to grow its business with central banks
Climate portfolio services: RepRisk
The Swiss company’s machine learning tool checks reports on 160,000 companies daily from a host of sources in 20 languages to offer central banks and SWFs early warnings on climate-related risks
Taiwan governor optimistic over US currency dispute
Yang says country meets ‘currency manipulator’ criteria but adds he does not expect sanctions
Israeli reserves surge to new record high of $185 billion
International reserves portfolio reaches 46% of GDP
Ecuadorian politicians clash over central bank independence
IMF backs law to make central bank independent, but leftwing candidate condemns measure
Central Bank of Argentina calls for investigation of IMF agreement
Fund granted South American economy over $57 billion in 2018, its largest-ever package
Corporate Services Benchmarks 2021 report – trends in financial reporting and administration
Insights on staffing and salaries, technological automation, data security, rule compliance, gender equality and green office spaces in accounting, audit, HR and administration
RBI’s Das: pandemic improved India’s external balance
Boom in software business helped shore up current account and boost RBI reserves, governor says
Will Treasury yields keep on rising?
Falling price of US bonds may force reserve managers to change duration to preserve capital
SNB should adopt higher inflation target, report says
Senior economists recommend the Swiss National Bank reviews its policy strategy
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
Bank of Mexico moves to counter controversial cash law
Financial inclusion proposal follows draft legislation to make central bank buy up spare US dollar cash
Eurosystem adopts common sustainable investment principles
Eurozone central banks aim for climate disclosures on non-monetary policy portfolios in two years
Bank of Finland to focus on sustainable growth
Central bank also aims to create “world’s best” financial literacy programme
New governor appointed at Saudi Central Bank
Fahad Almubarak returns for a second stint as governor of Sama
Israeli reserves “well beyond adequacy” – IMF
Fund calls on Bank of Israel to cease FX purchases once inflation returns to target
Mexican president seems to make U-turn on central bank law
Bank of Mexico says draft cash law would endanger its independence
Central banks must mobilise their FX reserves
The pandemic and climate crises call for bold action, write Gary Smith and John Nugée
Bank of Israel announces major increase in FX interventions
Central bank announces FX spend in advance for first time and pledges 40% increase
Chile’s central bank to boost reserves by over 30%
CBC will purchase $12 billion to bring reserves to 18% of GDP before IMF credit line ends
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
Bank of Israel increases FX interventions to tame shekel
Central bank’s foreign reserves reach new record level
Argentinian central bank puts cap on imported luxury goods
BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion