Feature
Threats and opportunities for money and payments in the digital age
Supervisors will need to adapt their frameworks to protect trust in new protocols associated with cryptocurrencies and distributed ledgers, not merely guard against new risks
Secrecy over MNB funds sparks constitutional dispute
Unanswered questions over the use of Hungarian central bank funds have led to a series of legal and constitutional battles
To play the counterfeiter
The Reproduction Research Centre in Copenhagen helps central banks to counterfeit colour-shifting technology and machine-readable codes on banknotes in a bid to reduce fraud
The People’s Bank of China’s internet finance dilemma
China’s central bank faces a challenge encouraging the development of market-based internet financial services while regulating a business where a $7.6 billion Ponzi scheme recently blew up
Towards a more stable monetary world order
A global network of independent central banks could act as a manager of expectations for asset and foreign exchange prices to reduce the burden of future crises, argues David Harrison
Central banks struggle to manage price expectations
Large central banks have responded aggressively to falling levels of inflation and inflation expectations, but with divided and limited success. What can policy-makers do to restore confidence?
Central Bank of the Year: Central Bank of Ireland
Well-capitalised banks, new supervision measures and timely macro-prudential policy action to cool an overheated property sector have gone far to restoring the Central Bank of Ireland's credibility
Governor of the Year: Erdem Başçı
Erdem Başçı has guided the Turkish central bank through a turbulent period marked by policy spillovers from advanced economies, political interference at home and conflict in the Middle East
Reserve manager of the year: National Bank of Denmark
The National Bank of Denmark's new risk budget-based investment strategy stood up well to the unprecedented flows of funds into and out of the country in 2015.
Initiative of the year: Reserve Bank of New Zealand
The Reserve Bank of New Zealand’s enterprise risk management system offers a best-practice example of how to build a framework from the ground up, with a small team and limited resources
Consultancy and advisory services provider of the year: BlackRock Solutions
A key partner to major central banks engaging in complex asset purchases, asset quality reviews, resolution mechanisms and strategic asset allocations
Risk management services provider of the year: Wall Street Systems
A powerful real-time risk-calculation engine, consistent high-quality support and broad central-banking experience make this treasury management offering the best in class
Lifetime achievement award: Zeti Akhtar Aziz
Zeti has played a crucial role in efforts to modernise Malaysia’s financial system, and has worked tirelessly to promote Islamic finance, financial inclusion and South-east Asian integration.
Economics in central banking: John Taylor
The Stanford University professor wins this year's economics award for work in designing a global 'rules of the game', at a time when many central banks are demanding deeper co-operation
Global custodian of the year: Northern Trust
As the custody and asset servicing provider wins new business in an expanding list of territories, clients praised its technological capabilities and regulatory nous
Asset manager of the year: State Street Global Advisors
SSGA has helped official institutions to address a complex policy context at a high intellectual level while continuing to offer technically excellent investment services around the world
Sovereign investor of the year: Future Fund
Australia’s sovereign wealth fund took the restrained decision not to increase its risks to chase returns in 2015. Instead it focussed on improving its operational framework
Foreign exchange dealer of the year: HSBC
HSBC has catered to sovereign client needs across a broad range of currencies including the shift out of euro assets and into the renminbi
Payments provider of the year: Intellect Design Arena
The payments system provider has helped the Reserve Bank of India to implement an overarching infrastructure to facilitate mass financial inclusion being implemented in India
Market infrastructure provider of the year: LCH.Clearnet
LCH.Clearnet is a driving force behind compression of over-the-counter derivatives and a leader in tackling too-big-to-fail concerns linked to central counterparty clearing
Technology provider of the year: BearingPoint
BearingPoint's Abacus/Regulator system is helping central banks cope with the vast volumes of data that come with new regulatory reporting requirements
Banknote and currency services provider of the year: Leonhard Kurz Stiftung & Co
The foil provider has developed cutting edge security features for some of the world's largest central banks in a bid to tackle ever more sophisticated counterfeiting
Transparency award: Bank of Israel
Bank of Israel has improved its already strong communications by holding press events after monetary policy announcements, releasing new financial stability reports and introducing forward guidance
Website of the year: European Central Bank
The European Central Bank built one new website and overhauled another in the year under review – adopting the best practices in responsive design and tailoring both for a mobile audience