Governance
Mowry promoted to head IT division at Fed
Sharon Mowry named director of information technology and chief information officer at US Federal Reserve
Demetriades to take over as Central Bank of Cyprus governor
Central Bank of Cyprus governor Athanasios Orphanides replaced by president after first five-year term; Panicos Demetriades to take top job on May 3
Kashya Hildebrand cleared over currency trading debacle
Auditors find no breach of regulations by former Swiss National Bank governor's wife; formal investigation launched after Philipp Hildebrand resigned
Central Bank of Nigeria embroiled in plagiarism row
Central Bank of Nigeria responds to reports of legal action regarding plagiarism in public addresses given by governor Sanusi; stresses strict ethical standards are adhered to in preparing papers
IMF research discusses 'sub-optimal' nature of non-independent central banks
International Monetary Fund working paper finds the independence of central banks is crucial to the delivery of socially optimum outcomes
Norges Bank promotes two new executive directors
Norwegian central bank announces who will fill the top roles in two of the three new core function departments after June 1
Malawi president axes central bank governor
Joyce Banda selects chief executive of a telecoms company to head the central bank
Shirakawa pays respects to former Bank of Japan governor
Masaaki Shirakawa remembers former governor Yasushi Mieno who passed away in April; calls him a man of “courage and thoughtfulness”
Riksbank revamps website to target iPad and iPhone users
Desire to improve accessibility of site and to make content available to tablet and mobile phone users behind Swedish central bank’s decision to overhaul website
BoE's Tucker: FPC capital powers 'won't be popular'
Attendees at ACT conference raise concerns about increased lending costs after Bank of England’s Tucker argues for powers to raise sectoral capital levels
SNB unveils new governing board
Swiss National Bank confirms Thomas Jordan as chairman of the governing board; plans for stricter rules governing private financial transactions by SNB staff are also revealed
Hoenig joins FDIC board
Former Kansas City Fed president Thomas Hoenig joins the board of the Federal Deposit Insurance Corporation
G-30 report emphasises importance of qualitative aspects to supervision
Group of 30 working group on corporate governance says qualitative as well as quantitative measures are required to enhance governance
Basel Committee highlights resource challenges in stress testing
Basel Committee on Banking Supervision releases peer review of implementation of stress-testing principles; reveals resource concerns at both banks and supervisory level
Riksbank establishes financial stability communication policy
Swedish central bank publishes new financial stability communications policy; supplements the general policy in place at the Riksbank
Czech central bank sheds 96 jobs despite need to meet wider remit
Czech National Bank reduces headcount to same level as 2006, despite taking on additional regulatory responsibilities
Korean government issuers unlikely to benefit if sovereign is upgraded – Moody's
Government-related issuers not likely to be upgraded alongside Korean sovereign as rating agencies place more weight on underlying credit fundamentals
Nigerian central bank adds new departments
Central Bank of Nigeria creates new departments to 'enhance operations'; three new female directors appointed
HKMA settles on staff pay increase
Hong Kong Monetary Authority decides to raise staff wages by more than 5%; constitutes a larger increase than was awarded in 2011
RBI deputy governor highlights threat to inflows from mobile banking
Chakrabarty says country-specific approach with international co-operation is needed to regulate mobile phone banking
New Estonian governor sees pay scheme altered
Bank of Estonia Supervisory Board simplifies governor pay structure; removes "monthly supplementary allowances or compensations"
Riksbank chooses new deputy head of monetary policy department
Christina Nyman becomes deputy head of monetary policy department; will lead the work of preparing the Riksbank’s Monetary Policy Report