The crisis impacted portfolio performance and as a result tighter risk management frameworks had to be implemented. Given the rising challenges faced by reserves portfolios in this low global interest rate environment, the investment processes must remain guided by sound investment principles and solid risk management policies which are supported by effective information technology platforms.
I trust that you will glean useful information over the next two days and that you will assist your respective institutions in overcoming some of these challenges which are faced by central banks in reserves management. Thank you. 6  BIS central bankers’ speeches