Feature
Financial regulation, the PBoC and Zhou’s legacy
Zhou Xiaochuan has ensured the PBoC has a strong voice on China’s new apex stability committee
Where have all the women gone?
Number of women working at central banks has increased substantially, but glass ceiling appears to remain for those reaching for senior management positions
The changing composition of central bank balance sheets
QE has discouraged structural change and masked increasing debt leverage
Piecing together a financial theory of stagnation
Thinkers at the BIS AGM offer views on how the financial system may be dragging down the real economy
Addressing the eurozone’s ‘lemons’ problem for NPLs
State-supported securitisation could help restore market function
The BoJ’s exit policy and balance sheet risks
Meticulous sequencing of events needed to ensure sustainability
The BoJ’s risky yield curve control experiment
Current objectives are muddled, writes former policy board member
All aboard the blockchain
Underpinning architecture of bitcoin and other crypto-currencies – distributed ledger technology – has potential to revolutionise digital payments
The myth of independence
US Federal Reserve stresses independence from government as central to ability to fulfil its dual mandate, but approach is fundamentally flawed
Should more attention be paid to house prices?
CNB experience offers insights into use of larger weights for housing in monetary and macro-pru policy
A CCP is a CCP is a CCP
CCPs do not require same risk and resilience standards as banks
Lifetime achievement award: Donald Kohn
His career epitomises that of a dedicated public servant, and serves as an inspiration to others
Kazakhstan’s long path to inflation targeting
After a slow start, IT implementation is starting to mature, says technical assistance veteran
PBoC’s hike signals policy management shift
Hui Feng argues the rate move signals a move to market-based tightening
New deposits backed by central bank money could solve public mistrust
The case for a new breed of deposits backed by central bank reserves
Central bank of the year: Bank of England
The Bank of England has undergone a major restructuring in recent years
Risk manager of the year: Bank of Ghana
The central bank has instilled a strong risk management culture
Risk management services provider of the year: OpenLink
Findur updates help Bank of Canada to post collateral
Website of the year: Central Bank of Kenya
Responsive design caters for increasingly mobile public
Consultancy and advisory services provider of the year (core): BearingPoint
BearingPoint’s consultants received high praise for their work with central banks
Consultancy and advisory services provider of the year (bespoke): Innovia Security
Polymer specialist offers advisory services from design through to recycling
Transparency: Bank of Canada
The Canadian central bank is leading the way in many areas
Banknote and currency services provider of the year: Crane Currency
Leading provider of micro-optics delivers full service from design to printing
Initiative of the year: Saudi Arabian Monetary Authority’s compliance standards activation project
The Saudi central bank has made a strong start enhancing its risk culture