About Market Operations

The Financial Markets Department is responsible for implementing the Reserve Bank’s operations in domestic and foreign exchange markets, monitoring developments in domestic and international financial markets, the assessment, monitoring and control of risk on the Bank’s financial markets operations to ensure compliance with investment and settlement procedures as well as coordinating the Bank’s relationships with counterparty financial institutions and brokers. The department ensures that the country’s foreign reserves are managed within the parameters of preservation of capital, liquidity and profitability.

The Financial Markets Department is divided into three units: External Markets Unit, Domestic Markets Unit and Risk Management Unit.

External Markets Unit - responsible for the Bank’s foreign exchange operations, the investment of international reserve holdings of foreign exchange, and to provide regular advice on the developments in international financial markets  to the Governor, the Investment Committee and the Monetary Policy Coordinating Committee.  The unit is also responsible for sustaining the Bank’s relations with counterparty financial institutions and brokers.

Domestic Markets Unit – Responsible for the Bank’s operations in domestic money and bond markets. The unit is charged with the implementation of monetary policy by carrying out Open Market Operations as well as facilitating the trading of government securities.

Risk Management Unit - Responsible for monitoring and control of risk on the Bank’s financial markets operations to ensure compliance with investment guidelines and settlement procedures.