Central Banking Awards 2024
The winners of the 11th annual Central Banking Awards
The Central Banking Awards 2024 recognise excellence in a community that had faced significant policy and operational challenges amid heightened inflationary pressures, rapid technological change and environmental transition. Many institutions have also made significant improvements in their governance, operations, communications, economics, currency, reserves and market infrastructure capabilities.
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Central bank of the year: Central Bank of Brazil
The Latam central bank has pursued its mandate in an exemplary fashion, despite external pressures
Governor of the year: Andriy Pyshnyy
Pyshnyy kept Ukraine’s wartime economy stable and won vital foreign support under huge pressure
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Lifetime achievement: Masaaki Shirakawa
The veteran BoJ central banker called out the limits of monetary policy
Reserve manager: National Bank of Denmark
The Scandinavian central bank implemented a new strategic asset allocation, governance changes and direct CCP access in 2023
Economics in central banking: José Vicente Romero and Sara Naranjo-Saldarriaga, Central Bank of Colombia
The Colombian economists have developed a framework to help monetary policy-makers deal with climate shocks that are already hitting the economy
Digital transformation award: SSM digitalisation blueprint
ECB supervision arm has deployed an innovation hub to tackle an array of technological challenges
Risk manager: Reserve Bank of India
Adoption of ERM 2.0 will shape RBI’s risk management for the next 10 years
Initiative of the year: the Netherlands Bank’s ChatDNB
Generative AI tool helps improve supervisory work and shows wider promise
Payments and market infrastructure development: Federal Reserve Systems’ FedNow
The world’s first cloud-native, instant payments RTGS was delivered on schedule and looks set to transform US payments
Payments and market infrastructure initiative: Central Bank of Kenya’s DhowCSD
The automated CSD has expanded access to government debt for all Kenyans
Transparency: Bank of Namibia
Efforts include novel elements and a high standard of planning and execution
Communications initiative: Bank Negara Malaysia’s video engagement
Malaysia’s central bank made great strides in producing short-form videos with a human touch
Asset manager: Amundi
Firm has harnessed expertise in ESG, MBS, European and knowledge-transfer markets to gain new clients in Asia, LatAm and the Middle East
Global markets: JP Morgan
US stalwart performed well for clients during a year of fluctuating markets
Partner initiative: World Gold Council’s study group on domestic gold purchase programmes
The group has made strong efforts to promote sound domestic gold-buying practices
Risk management services: SQL Power
The company is helping central banks to automate banking supervision conveniently and cost-effectively
Technology services: Iris
The company is helping central banks secure timely financial sector data
Regulatory technology services: Regnology
Harnessing the potential of AI, Rconnect helps supervisors process regulatory filings in a more granular and timely manner
Financial market infrastructure services: LSEG
The company stood out for helping Mauritania to digitalise its financial architecture
Payment services: CMA
The Swedish firm secured merchant interoperability for instant payments in Pakistan and overhauled Oman’s RTGS
Advisory services: Kearney
The specialist advisory firm has supported central banks with ambitious projects to transform the payments ecosystem
Green initiative: Bank for International Settlements
The BIS has played key roles in greening asset portfolios, training, research and co-operation
Currency manager: Central Bank of the UAE
New polymer series includes exceptional design and security; should cut environmental footprint
Digital currency initiative: eCurrency’s DSC3
Quantum-resistant technology aims to enhance privacy and trust in CBDCs
Currency initiative: Bank Indonesia’s ‘sovereign rupiah’ scheme
Indonesia’s central bank and navy joined forces to supply currency to more than 100 ‘low access to cash’ islands
Risk management initiative: AML Analytics’ Orbs
The UK tech firm has helped central banks to improve their AML/CFT approaches
Digital currency services: Accenture
The firm is helping to preserve the reputation of central banks as they pursue digital money
