While we customize engagements to individual member needs, most central bank engagements cover the areas described below.
Governance and institution building
We assist central bank policy makers with strengthening their institution’s governance structure through defining policy objectives and ensuring that an investment policy, investment guidelines, and a strategic asset allocation are in place. These tools help align objectives with investments and control risks within acceptable levels while targeting a competitive market return on assets.
Developing internal strategic asset allocation capabilities
We assist with building in-house capacity to develop policy proposals for strategic asset allocation and translating the SAA into replicable benchmark portfolios. RAMP provides members with proprietary in-house software, the Asset Management Workbench, to develop and stress test the SAA, and provide staff technical training on both the theory and use of the model.
Expanding internal asset management capacity
We assist fund managers with expanding asset management skills across broad fixed income sectors, including money market instruments, high grade government and agency bonds, interest rate futures, and agency mortgage-backed securities.
Risk management and analytics
We help develop a multi-faceted risk management function with robust quantitative and qualitative risk indicators encompassing market, credit and operational risk.
Engaging external partners
We assist with engaging external service providers, including asset managers, and global custodian and systems providers. We also help with developing capacity to manage an external asset management program.
Building legal expertise in investment transactions
We provide legal training to in-house lawyers relating to sovereign immunities and protecting central bank interests under contractual arrangements for securities lending, futures transactions, external asset manager programs and private sector custodial services.
Developing a public communication strategy
We assist with developing a communication strategy and reporting framework to provide meaningful financial reporting and address frequently asked questions on investment strategy and risk from official stakeholders, the media and the public.