The move towards transparency in central bank financial reporting is underpinned by the growing acceptance that central banks are a prism through which investors view markets. Accounting Standards for Central Banks provides a critical assessment of recent guidelines and offers a realistic and expert assessment of proposals for how central banks can upgrade and improve practice in this area.
New Horizons in Central Bank Risk Management demonstrates how central bankers identify and manage the risks they face, as well as developing innovative means and organisational structures to manage a range of risks from day-to-day aspects to ‘one-off’ events.
Including a detailed survey of 30 central bank risk managers, the book explores practices in some of the world’s leading central banks and provides a benchmark against which central banks can compare their techniques, organisation and performance, covering areas such as business continuity, legal risks, reserves management, operational risk, central bank capital and balance sheet strength, strategic organisation and systemic risk management.
The first in Central Banking’s annual surveys on central bank reserve management.
How Countries Manage Reserve Assets reviews the development of reserve funds and explores key issues for reserve mangers in a dynamic context, as well as the survey offering a privileged insight into how central bankers themselves approach their work. Leading academics and market practitioners discuss trends in currency allocation, the overall need for reserves, the choice of market for and the timing of intervention, the prospects for gold, as well as future of reserve management and the development of the euro as a reserve currency.
E-Money and Payment Systems Review puts the key trends of concern for bank regulators and central bankers into perspective. It summarises and assesses the key official reports from international financial institutions and governments into e-money, payment systems and financial technology in the recent past, as well as assembling contributions from the leading academic scholars and other experts in these fields. It reviews key developments in the payments system industry and analyses important developments in the world of digital money.
Edited By Stephen F. Frowen and Robert Pringle and Benedict Weller
In Risk Management for Central Bankers, current and former central bankers discuss how to identify and manage not only financial market and payment system risks, but also those of a political and reputational nature; and experts in corporate organisation and governance address the crucial question: if risk management is recognised as lying at the heart of central banking, how should the structure and governance of a modern central bank reflect this priority? What does this imply for the reform of the organisation of central banks?
Which Lender of Last Resort for Europe? combines contributions from leading academics with those of the key authorities responsible for European banking markets. The result is a comprehensive analysis of how Europe can safeguard its financial stability.