Governance
Plosser bemoans 'confusion' over Fed communications
Federal Reserve Bank of Philadelphia president Charles Plosser says decision to set time frame for when rates will remain exceptionally low had created confusion over Fed's policy statement
Australian central bank appoints new assistant governor
Reserve Bank of Australia promotes Christopher Kent to the position of assistant governor (economic); takes over from Philip Lowe when he becomes deputy governor
FOIA request reveals financial holdings of Fed presidents
Regional Federal Reserve banks disclose financial records of presidents; documents show New York Fed’s William Dudley required temporary waiver for holdings in AIG and General Electric
Ireland overhauls market abuse oversight rules
Markets supervision directorate at the Central Bank of Ireland will now monitor and investigate market abuses instead of Irish Stock Exchange; ends arrangement in place since 2005
Estonia close to deciding on next governor appointment
Supervisory board nominates Ardo Hansson to take over from Andres Lipstok; Estonian president must now clear appointment
Bollard to leave Reserve Bank of New Zealand
Alan Bollard will not seek a third term as governor; Reserve Bank board to include candidates from abroad in search to replace him
Cyprus central bank pay freeze passes ECB scrutiny
European Central Bank says Cypriot public sector wage freeze does not threaten the central bank’s ability to perform its tasks independently from government
Malaysia’s Zeti encourages stronger economic ties with India
Bank Negara Malaysia governor Zeti Akhtar Aziz says potential for further collaboration between India and Malaysia is “tremendous”
Switzerland investigates need for ‘more specific’ insider trading rules
Head of legal services at the Federal Confederation explains the investigations under way into the circumstances that ultimately caused Philipp Hildebrand to resign as governor of the Swiss National Bank
CB.com poll result says eurozone break-up comments are not irresponsible
CentralBanking.com poll shows majority of participants believe non-eurozone central bankers are not acting recklessly by commenting on a possible break-up of the euro
Lebanon’s Salame vows to apply Syria sanctions
Bank of Lebanon governor Riad Salame says Lebanese banks will not undertake any activity in Syria that might embarrass correspondent banks
Battle for ECB executive board seat underway
Question of whether next executive board member will break tradition and come from outside the biggest European economies lingers; finance ministers yet to pick favourite from candidates
Trichet to join board of aerospace group EADS, say reports
Former European Central Bank president Jean-Claude Trichet linked to seat on board of Franco-German aerospace and defence group EADS
Exclusive: Ex-Kosovo governor recalls ‘surprise’ arrest
Central Bank of the Republic of Kosovo’s former governor Hashim Rexhepi recounts his 18-month battle with prosecuters over alleged corruption; says he will seek compensation for his ordeal
South African bank creates new role for ex-central banker
FirstRand bank appoints former SARB deputy registrar of the banks Yvette Singh as public regulatory affairs executive
David Miles retains seat on UK Monetary Policy Committee
David Miles re-appointed as an external member of the MPC; new term to run until 2012
BoE and Treasury Committee clash over accountability
Treasury Select Committee rebuffs Bank of England proposal on accountability reforms; chair Andrew Tyrie sets out three main areas of disagreement between the two bodies
Fed reveals design of new interest rate projections
Federal Reserve releases templates to be used in next Summary of Economic Projections (SEP) to project participants' views of the appropriate path for monetary policy
Bangladesh makes ‘historic’ female deputy governor selection
First female deputy governor appointed at Bangladesh Bank; Nazneen Sultana becomes one of three new deputy governors at the central bank
RBI’s Mahapatra seeks greater surveillance of corporate governance
Reserve Bank of India executive director Shri Mahapatra calls for greater vigilance in corporate governance at financial institutions to avoid further crises
Hungary drops plan to merge central bank with regulator
Hungarian prime minister Viktor Orbán says planned merger between National Bank of Hungary and Hungarian Financial Supervisory Authority has been abandoned
Chilean president nominates economist to central bank board
Joaquin Vial Ruiz-Tagle put forward for seat on Central Bank of Chile board; government has final say
Central banks' financing of governments warranted in some cases, says IMF paper
Fund study outlines appropriate framework to enable central banks in developing countries to lend to governments in the short-term
Former contractor charged for hacking New York Fed files
Computer programmer at Federal Reserve Bank of New York arrested for stealing proprietary source code used to track the US government’s finances; code is estimated to be worth $9.5 million