Governance
SocGen chief Oudéa to head key IIF committee
Société Générale chairman and chief executive Frédéric Oudéa will head Institute for International Finance’s influential committee on regulatory capital
Fed backs down in Supreme Court battle with Bloomberg
Federal Reserve drops appeal against ruling forcing it to reveal names and details of banks that borrowed in crisis; move draws Fed’s involvement in two-year long battle to a close
I’m sticking to my guns: Buba’s Weber
Bundesbank president Axel Weber says future career prospects will not change his outspoken nature
G20 agrees historic IMF power shift
G20 governors and finance ministers agree to boost quotas, voting power of leading emerging market economies; Fund managing director Dominique Strauss-Kahn heralds end of legitimacy debate
Obituary: Peter Allsopp
Visionary reformer whose analysis and powers of persuasion changed financial market infrastructure worldwide
Øystein Olsen named next Norges Bank chief
Statistics Norway managing director Øystein Olsen will become governor in January, as Svein Gjedrem’s final term draws to a close; move expected, analysts say
Central banks back move for more liquid Islamic money markets
International Islamic Liquidity Management Corporation aims to enhance liquidity management by firms in the market for Islamic financial services by issuing Shari'ah-compliant financial instruments
Central Bank of Azerbaijan opens primary school
Azerbaijani central bank pushes corporate-social responsibility agenda with help of newly-established communications department
Malaysia and Mauritius strengthen cooperation
Bank Negara Malaysia and the Bank of Mauritius sign a memorandum of understanding to strengthen collaboration in Islamic finance
Trichet opposes EU agreement on fiscal sanctions
European Central Bank president Jean-Claude Trichet refuses to give his backing to sanctions for countries that break rules of stability and growth pact; sees sanctions as too soft
Philly Fed promotes Prichard to first vice-president
Philadelphia Fed appoints Blake Prichard to succeed William Stone Jr as first vice president and chief operating officer at central bank
Half of RBA’s external rate-setters miss meeting
Three of the Reserve Bank of Australia’s six external board members absent at October meeting, as central banks deliberates balance of economic pressures
Bank of Finland shuffles board members’ remits
Bank of Finland distributes Sinikka Salo’s responsibilities; parliamentary overseer wants board to run with three members
Ex-Bank MPC’s Kate Barker joins equity firm board
Former Bank of England Monetary Policy Committee member Kate Barker named non-executive director at Electra Private Equity
ECB’s Bini Smaghi: vital to acknowledge structural flaws
European Central Bank executive board member Lorenzo Bini Smaghi says politicians risk underestimating the need for structural reform
Pakistan’s Shehzad: corruption burdens banking sector
State Bank of Pakistan deputy governor Muhammad Shehzad discusses central bank’s campaign against corruption
Oversight panel blasts Tarp’s contracting standards
Congressional Oversight Panel condemns US Treasury’s governance standards in outsourcing Troubled Asset Relief Programme work to private firms, Fannie Mae and Freddie Mac
RBA appoints new secretary
Reserve Bank of Australia names Anthony Dickman as secretary; Dickman replaces David Emanuel who retires after 47 years at central bank
DSK expects quota reform in 'days, weeks'
IMF managing director Dominique Strauss-Kahn says members close to reaching agreement on quota reform