HSBC Reserve Management Trends (2019)
From the macro to the micro, the survey provides the benchmark for reserve managers and a guide for stakeholders to this community, responsible for more than $12 trillion.
The answers will shape strategy and tactics of the official sector over the coming years. And they may surprise you.
With chapters covering liquidity risk, corporate bonds, ESG, reserves governance and SAA, this new book from Central Banking provides essential reading for reserve management teams.
- Which new assets are reserve manages adding?
- How do they measure risk?
For 15 years, Central Banking has worked with reserve managers around the world to ask the questions they want the answers to.
> How are they integrating ESG?
> Where will they use external managers in the future?
From the macro to the micro, the survey provides the benchmark for reserve managers and a guide for stakeholders to this community, responsible for more than $12 trillion.
The answers will shape strategy and tactics of the official sector over the coming years.
And they may surprise you.
With chapters covering liquidity risk, corporate bonds, ESG, reserves governance and SAA, this new book from Central Banking provides essential reading for reserve management teams.
>Which new assets are reserve managers adding?
> How do they measure risk?
The 2019 survey draws on responses from 80 central banks, managing more than $6 trillion in reserves: topics range from the most sensitive, such as currency choice, to the most current, such as ESG and the renminbi.
Perhaps that is why a generation of reserve managers have trusted Central Bankings HSBC Reserve Management Trends: the annual survey of reserve managers, 15 years in the making
| ISBN | 139781782729822 |
|---|---|
| Publication date | 29/4/19 |
| Size | 155mm x 235mm |
Robert Pringle and Nick Carver
Editor, Robert Pringle, is Chairman of Central Banking Publications. Before starting Central Banking, Robert was for several years Editor of The Banker and subsequently he was closely associated with the establishment of the well-known "think tank", the Group of Thirty, where he served for seven years as the first Executive Director based in New York. He was also for three years a Senior Fellow at the United Nations institute called WIDER in Helsinki. Nick Carver is the publisher of Central Banking Publications, which he joined as an editorial assistant in 2001. He was assistant editor of Central Banking journal for five years and has co-edited (with Robert Pringle) Central Banking Publications’ annual Reserve Management Trends publication since its launch in 2005. He is also the publisher of Risk Books and Risk Journals, two long-established imprimaturs of Incisive Media, which acquired Central Banking Publications in 2007. He graduated with a master’s degree in economics and politics from the University of Edinburgh and taught English in Japan for two years before joining Central Banking Publications.
About the authors xv
Glossary xix
Executive summary xxi
1 Trends in reserve management: 2019 survey results
Nick Carver
2 Implementing a corporate bond portfolio: lessons learned at the NBP
Juliusz Jab?ecki and Magdalena Zielinska
3 Sovereigns and ESG: Is there value in virtue?
Michael Ridley and Peter Barnshaw
4 A methodology to measure and monitor liquidity risk in foreign reserves portfolios
Andres Cabrales, Cristiam Rincon and Diana Fernandez
5 Reserve management: A governors eye view
Federico Sturzenegger
6 How Singapore manages its reserves
Ravi Menon
Appendix 1 Survey questionnaire
Appendix 2 Survey responses and comments
Appendix 3 Reserve statistics