Since its first publication in 2005, HSBC Reserve Management Trends has supplied an insight into the practices and methods applied by reserve managers across the world. This key guide continues to provide reserve managers and the stakeholder community with invaluable insights into the practices, expectations and outlook of the global reserve management community.
HSBC Reserve Management Trends 2024
What are the most significant risks reserve managers face in 2024? How are reserve managers incorporating geopolitical risk into their portfolios? Does AI have a place in reserve management operations? These are some of the questions addressed in HSBC Reserve Management Trends 2024.
This 20th anniversary edition features its largest ever survey of 91 central banks responsible for more than $7 trillion in reserves.
Edited by Robert Pringle and Joasia E. Popowicz, the book includes an exclusive interview with Jonas Stulz, head of portfolio management and deputy head of asset management at the Swiss National Bank, and chapters written by: Min Soo Kwon, director general of the reserve management group at the Bank of Korea; Michał Zajac, who serves on the Risk and Investment committees at the National Bank of Slovakia and the Risk Management Committee of the European Central Bank; as well as Juliusz Jabłecki, director of the financial risk management department at the National Bank of Poland, with colleagues Paulina Domagalska, Maciej Pomykała and Navdeep Singh.
ISBN | 9781782729945 |
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Publication date | 26/05/2025 |
Joasia E. Popowicz
Joasia E. Popowicz is the associate editor and fintech correspondent at Central Banking. Previously, Joasia worked as a data journalist across Risk Quantum and Central Banking. She was a data journalism fellow at the Brown Institute for Media Innovation and Enigma, a fintech in New York. The Brown Institute is a joint initiative between Stanford University and Columbia University that funds projects at the intersection of journalism and technology. Joasia graduated with an MS in investigative journalism from the Toni Stabile Center for Investigative Journalism at Columbia Journalism School.
Contributors xv
Glossary xix
Executive summary xxi
1 Trends in reserve management: 2025 survey results
Joasia E. Popowicz
2 Fiscal divergence and its implications for reserve managers
Martin Soler, Luther Bryan Carter, Dominic Bryant and
Maulshree Saroliya
3 Foreign direct investment inflows and FDI screening policies
Aditya Gaiha and Indrani Manna
4 Interview: Juliusz Jabłecki
Joasia E. Popowicz
5 Is the central bank gold rush over?
Levente Koroes
6 Market sentiment analysis in reserve management
Isabel Vasconcelos and Marisa Soares
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics