Choo Heung-Sik, head of the central bank’s reserve management group, is keeping an open mind to alternative opportunities and sees emerging markets as increasingly important.
OTC derivatives trades that are not centrally cleared are likely to cost more than cleared transactions, due to pricing by bank counterparties, argues BNY Mellon.
Leasi Papali’i Tommy Scanlan feels vindicated after opting pre-crisis to switch reserves out of US dollars into Australian and New Zealand dollars, despite advice to the contrary.
The central bank would like to boost investment returns, although any changes to its strategy will be cautious and deliberate, says senior portfolio manager Giri Purnama.