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BNY Mellon: 33% Of Central Banks Plan To Invest In New Markets And Asset Classes

A new report by BNY Mellon, a global leader in investment management and investment services, in collaboration with the University of Cambridge Judge Business School, finds growing engagement by central banks in investment and trading activities beyond traditional boundaries. According to the report, one in three central banks say they plan to invest in new markets and asset classes while half the central banks are planning a technology upgrade to deal with the growing operational pressures of these additional activities. “Some central banks are switching from an in-house to third party core system while others are upgrading or improving interfaces between existing...