Awards Category Criteria 2018

Central Bank of the Year

This award will be judged on:

• Authority and integrity
• Fulfilment of mandate
• Pioneering work and policy innovation

This award will recognise a central bank that has demonstrated significant resolve and authority in fulfilling its mandate. Particular attention will be paid to details of pioneering policy efforts and powerful communication supporting the central bank's position.


Governor of the Year

This award will be judged on:

• Leadership and credibility
• Innovation and change management
• Problem solving and performance

This award will recognise the governor of a central bank who has demonstrated strong leadership during the period under review. Judges will be looking for examples of innovation and change management that have resulted in significant problems being addressed.

Lifetime Achievement award

This award will be judged on:

• Pioneering work
• Reshaping the central banking landscape
• Outstanding public service

This award will recognise an exceptional leader whose pioneering work in central banking and career in public service has left an indelible mark on the central banking community.

Reserve Manager of the Year

This award will be judged on:

• Safety, liquidity, return
• Risk management
• Governance and organisation

This award aims to recognise excellence in reserves management at a central bank. Particular attention will be paid to governance, appropriateness of policy guidelines, risk/return framework and ability to address market dynamics.

Economics in Central Banking

This award will be judged on:

• Originality
• Clarity
• Relevance to policymaking

This award will be given to the author(s) of the speech, paper, report, presentation or other media that the judges feel makes the most significant contribution to economics within the field of central banking. Contribution will be judged on originality, relevance and clarity (not technical content or rigour).

Transparency

This award will be judged on:

• Communication across platforms
• Targeting full range of stakeholders
• Education

This award will recognise a central bank that has shown significant improvement and/or significant leadership in clear communication across its internal and external platforms. The winning organisation will have demonstrated strong improvements in transparency to its full range of stakeholders.

Website of the Year

This award will be judged on:

• Accessibility of information
• Navigation and design
• Interactivity and innovation

This award will recognise a central bank's website that encompasses true accessibility to its information and data for a range of stakeholders. Judges will be looking for examples of excellence in navigation and design as well as elements of innovation in conveying information.

Risk Manager of the Year

This award will be judged on:

• Evidence of risk culture
• Risk management framework
• Improved operations

This award will recognise a central bank that has demonstrated excellence in risk management, where qualitative and quantitative risk assessments are made across areas such as credit, market, operational and reputational risk management throughout the organisation. The judges will also be looking for evidence of how central bank's activities have changed as a result of improvements in risk management.

Initiative of the Year

The award will be judged on:

• Ambition and innovation
• Quality of stakeholder feedback
• Mandate relevance

The award will be given for a specific central bank initiative or policy that connects with new stakeholders through innovative delivery and execution. Particular attention will be given to novel, impactful launches and the feedback received from the community.

Banknote and Currency Management - New!

This award will be judged on:

• Security and integrity
• Innovation and design flair
• Effectiveness and efficiency

This award will recognise excellence in banknote and currency management by a central bank or monetary authority. Attention will be paid to improvements in cash management, banknote series upgrades, fraud prevention activities, reduction of carbon footprint, and concept and design innovation.

Asset Manager of the Year

This award will be judged on:

• Risk/return and liquidity suitability
• Diversification
• Benchmarking / benchmark outperformance

This award will be given to an asset manager that has offered genuine added value in managing the investment assets of central banks and other sovereign investors. While geographical reach and breadth of assets coverage are important, particular attention will be made to asset managers that have met the real needs of their clients during the period under review.

Global Custodian of the Year

This award will be judged on:

• Asset servicing
• Innovation and change
• Customer service

This award will recognise a global custodian bank that has demonstrated notable flair, reliability and customer focus in asset servicing. Judges will be looking for demonstrable examples of improvement and innovation (technological or otherwise) within the custodian and its interaction with sovereign clients.

Securities Lending Provider of the Year

This award will be judged on:

• Completeness of service offering
• Risk segregation
• Yield enhancement

This award will recognise a securities lender that has provided a premium service to central bank and sovereign fund customers around the world. Quality of service, range of product offering, platform soundness and segregation of risks will be among the criteria assessed by judges. Case studies and official institution validation are expected.

Consultancy and Advisory Provider of the Year

This award will be judged on:

• Depth of knowledge
• Innovation and change
• Deliverability

This award will be given to an organisation that has offered consultancy and/ or advisory services to central banks that has resulted in substantial changes in behaviour at their clients. This could be in specific segments of activity through to major transformations. Judges will be looking for case studies and validation from central banks.

Technology Consultant of the Year

This award will be judged on:

• System suitability
• Implementation
• Calibration/ after sales

This award will go to a provider whose technology has made a substantial improvement in the operations of central banks. System suitability, ease of implementation, customisation and calibration, and after sales services will be important considerations for the judges.

Banknote and Currency Services Provider of the Year

This award will be judged on:

• Reliability
• Fraud/ cost reduction
• Innovation
This award will be given to a banknote and currency services supplier that has worked with central bank clients to significantly improve their banknote and currency offerings. Particular attention will be given to innovations that have helps to reduce fraud and cut overall costs related to currency operations.

Payments and Market Infrastructure Provider of the Year

The award will be judged on:

• Adaptability to market and/or regulatory change
• Regulatory acceptance and market adoption
• Efficiency and robustness of platform

The award will be given to a payments and/ or market infrastructure provider who has made a significant contribution to improving efficiency and reducing risk in the financial system. Judges will be looking for a provider that offers a robust platform with proven case studies showing its aptitude for innovation and improvement.


Treasury and Counterparty Services of the Year - New!

This award will be judged on:

• Execution and range of services
• Market access
• Ideas and research

This award will recognise a market practitioner's counterparty/ dealer activities with the domestic and foreign exchange activities of official institution clients. Idea generation, product range, execution and access to new markets will be important considerations in the judging criteria.

Risk Management Technology Provider of the Year

The award will be judged on:

• Customisation to client needs
• Change management
• Results and performance

The award will be given to a risk management services provider that has made a significant contribution to aiding the management of risk. Particular attention will be given to design and implementation, systems integration, tools and controls, models, governance and customer service.

Innovation in Reserve Management of the Year- New!

This award will be judged on:

• Pioneering work
• Excellence in implementation
• Sound risk/ return assessment

This award will be given to an institution that has pioneered innovation in sovereign investment management. The award could be given for a specific transaction or client portfolio, or for thought leadership that has effected change. The judges will be looking for specific instances of excellence and not necessary breadth of service offering.