Governance
People: New chair at Richmond Fed; Norwegian takes executive directorship at IMF
Richmond Fed appoints new chair and deputy; Norway takes rotating directorship at IMF; Egyptian governor ratified; and more
BoE's Haldane says UK could redefine global banking rules
Andrew Haldane says UK is in a position to ‘lead with the front foot' on fixing the shortcomings of Basel III, tightening remuneration policies and removing barriers to bank account switching
Iran parliament votes to investigate central bank
Iranian central bank governor reportedly dismissed by Supreme Court over illegal withdrawals from the banking system; investigation to look into conduct in forex market and 'other issues'
People: Dijsselbloem bids for Eurogroup chair; Sanusi takes reins at WAMZ
Eurozone finance ministers to elect new chair on Monday; West African Monetary Zone chair passes to Nigeria governor; Finland picks audit head
Bundesbank slams ‘excessive' Bangladesh death penalty threat
German central bank shelves co-operation plan pending Bangladesh ‘clearly and irrevocably' dropping plans to execute counterfeiters
People: Egypt deputy resigns; HKMA shuffles pack
Egypt's first female deputy governor follows her boss to the exit; HKMA assigns three executive director portfolios
Abe adviser hints at possible BoJ governor candidates
Economic adviser to Japanese Prime Minister Shinzo Abe suggests possible names and criteria for the next Bank of Japan governor
New deputy governor takes office at RBI
Indian government appoints Urjit Patel to replace Subir Gokarn on the Reserve Bank of India’s governing board; management roles reallocated again
Mauritian deputy governor outlines tighter corporate governance plans
Yandraduth Googoolye sets out recent efforts by the Bank of Mauritius to tackle corporate governance failures that emerged during the financial crisis
Ukraine replaces central bank head with deputy
Igor Sorkin to take over from Serhiy Arbuzov at National Bank of Ukraine – says he will prioritise currency stability and cut interest rates
Egypt appoints new central bank governor
Egyptian central bank governor resigns, replaced by former deputy; negotiations ongoing with the IMF
Central Bank of Cyprus defends re-hirings
Central bank employs three members of staff who had previously taken early retirement; defends decision as beneficial in ‘special circumstances’
Banks told they will not benefit from LCR delay
National supervisors tell banks not to lower liquidity buffers, with market forces also pushing banks towards 100% compliance with measure
UK statistics office to keep 'unsuitable' inflation measure
The UK Office for National Statistics will not change how it calculates RPI inflation – but will initiate an alternative index in parallel
PBoC’s Zhou promises more 'opening up' in 2013
Zhou Xiaochuan suggests the PBoC will make greater efforts in 2013 towards deepening financial reforms and ‘opening up’
National Bank of Austria reshuffles governing board
Governor Ewald Nowotny reappointed for second term; executive director Peter Zöllner departs for BIS, and two new executive directors are chosen
Bank of Canada wants national citizen to succeed Carney
Legislation dictates governor must be a Canadian citizen; advert for new governor released publicly on central bank website
Filipino deputy gears up for legal battle
Central Bank of the Philippines deputy governor clashes with local businessman over accusations of money laundering
Bank of Portugal suspends staff holiday pay
Board of directors voluntarily waives own holiday pay and cancels that of its staff; board members also agree to take a pay cut for the fourth consecutive year
Sarb hires head of new international relations department
Legal professor Daniel Bradlow will lead a new department at South African Reserve Bank designed to co-ordinate and direct its participation in international forums
Bank of Lithuania axes quarter of staff
Lithuanian central bank completes process of streamlining main operations under four branches; cuts 195 employees during the course of a year
Stiglitz slams ‘unconscionable’ central bank independence
Economist Joseph Stiglitz attacks central bank independence, saying conflicts of interest and recent interventions amounting to fiscal policy are unjustifiable for a non-elected body
Central Bank of Bosnia and Herzegovina names new vice-governor
Ernadina Bajrović will serve a four-year term and will be responsible for administrative and financial operations
RBI shakes up management roles as deputy departs
Duties of Reserve Bank of India governing board reshuffled as deputy governor Subir Gokarn’s term expires; new executive director appointed