Central Banking Awards 2019
The winners of the 2019 Central Banking Awards
The Central Banking Awards 2019 recognise excellence in a community facing price and financial stability challenges that need to be met and effectively communicated, while prudently embracing technological change in financial services, data, reserves and currency management.
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The winners of the 2019 Central Banking Awards
MAS wins central bank of the year, Karnit Flug awarded governor of the year and Zhou Xiaochuan recognised for lifetime achievement; 23 other awards announced
Central bank of the year: Monetary Authority of Singapore
Singapore’s central bank stands out for its pioneering fintech efforts combined with its consistency of performance in monetary policy, financial stability and supervision
Governor of the year: Karnit Flug
The Bank of Israel’s first female governor delivered some hard-fought reforms during her time in office, and also stood up to the government and safeguarded macroeconomic stability
Lifetime achievement: Zhou Xiaochuan
The former People’s Bank of China governor stands out for his high levels of integrity, intellectual rigour and bold reforms that have served the public interest in China and elsewhere
Economics in central banking: Greg Kaplan, Benjamin Moll and Gianluca Violante
Authors’ paper, ‘Monetary policy according to Hank’, boosts the realism of core economic models, delivering important insights into inequality and the transmission of monetary policy
Reserve manager of the year: Bank of Mexico
The Latin American central bank has adopted a forward-looking asset allocation strategy as well as embracing absolute return approaches
Transparency: National Bank of Ukraine
The Ukrainian central bank has made strong progress in improving its transparency during a highly challenging operating environment
Outstanding contribution for capacity building: Warren Coats
For his extraordinary life’s work in helping to put more than 20 central banks – from those in former Soviet republics to those recovering from war – on a sounder footing
Currency manager: Bank of Israel
The Israeli central bank is revolutionising the way it manages the country’s banknotes while maintaining security and preparing for the future
Initiative of the year: RBNZ’s Financial Strength Dashboard
The Reserve Bank of New Zealand’s Financial Strength Dashboard offers a window into the nation’s banking system
Risk manager: Saudi Arabian Monetary Authority
A multi-year overhaul of the Saudi central bank’s risk architecture has come to fruition, resulting in radical changes in behaviour
Website of the year: Sveriges Riksbank
The Swedish central bank has redesigned and restructured its website to great effect, with users staying longer and engaging with more content
Payments and market infrastructure development: Reserve Bank of Australia
The RBA has spearheaded the development of an upgraded retail payment system that includes real-time settlement
Financial inclusion initiative: Federal Reserve Bank of St Louis
Improvements in the bank’s financial inclusion initiatives are helping tackle the polarisation of economic education in the US and across the globe
Asset manager of the year: State Street Global Advisors
The US financial group used its global presence, and equity and fixed income expertise, to expand its central bank client base and assets under management in 2018
Innovation in reserve management: BNP Paribas Asset Management
The asset manager developed new fixed income investment strategies in 2018 that have delivered strong returns and diversification for clients, while also offering practical training support
Custody initiative of the year: Citi
The US financial group used its global presence and technological edge in 2018 to deepen existing relations and obtain new mandates
Specialised lending initiative: Deutsche Bank
As agent lender for securities purchased under the European Central Bank’s bond purchase programme, Deutsche Bank has played an important role in supporting secondary market liquidity
Global markets award: HSBC
HSBC’s global reach and expertise in emerging Asian markets has helped its long-term central bank clients develop more sophisticated reserve management strategies and move into new markets
Currency services: De La Rue
2018 was a busy year for the UK-based banknote provider as it secured new clients and transformed its focus towards technology
Currency innovation: Giesecke+Devrient Currency App
The German company has helped central banks improve their educational outreach to bolster national currency security
Risk management technology: Vermeg
Having successfully delivered the collateral management module of its Megara system to four major central banks, Vermeg has won a high-profile tender to deliver the technology for the Eurosystem Collateral Management System
Data services: Vizor Software
The Irish tech company has rolled out major updates to pave the way for more agile supervision as its scalable system won major repeat business with Sama and the Bank of England
Treasury systems initiative: Ion Treasury
Ion’s acquisition of Openlink in 2018 has boosted its central bank and agency clients to 65, with a new ECB contract being a ‘jewel in its crown’
Financial market infrastructure services: ParFX
The foreign exchange platform has pioneered a market-driven effort to tackle concerns about poor market behaviour and distrust in the $5 trillion-a-day market
Advisory services: Deloitte
Deloitte has a growing central bank footprint, including new projects on strategy and cyber resilience in Canada, fintech in Saudi Arabia and DLT in Hong Kong
Professional services initiative: World Gold Council
Having identified seven different ways of accounting for monetary gold among 70 central banks, the WGC developed guidance to bring greater consistency to accounting practices
