Governance
Central Bank of Egypt denies involvement in illicit money transfer
Central Bank of Egypt says it did not participate in the transfer of funds abroad pertaining to former leader Hosni Mubarak
ECCB disposes stake in former Stanford bank
Eastern Caribbean Central Bank sells assets from seized Bank of Antigua to Eastern Caribbean Amalgamated Bank
Israel Administrative Council holds first meeting
Bank of Israel holds first Administrative Council meeting after lengthy delay in appointing external members
Zambia governance void continues
Bank of Zambia website lists every position on the board of directors as “vacant”; still no new governor after Caleb Fundanga was fired
When private shares meet public interest
Jannie Rossouw and Adèle Breytenbach look at a unique group of central banks: the eight that are privately owned.
Interview: Alan Bollard
The governor of the Reserve Bank of New Zealand discusses the fallout from the financial crisis with Blair Baker.
Lorenzo Bini Smaghi to leave the ECB
Lorenzo Bini Smaghi will join Harvard University’s Center for International Affairs in January; ends term at ECB more than a year early
Papademos confirmed as Greek prime minister
Former ECB vice-president chosen as prime minister in new coalition government; news received well as stock market jumps
Plosser pushes for adoption of explicit inflation target
Philadelphia Federal Reserve president Charles Plosser calls for Fed to introduce explicit inflation-targeting framework
Central banks at risk of losing independence: SNB’s Jordan
Swiss National Bank vice-chairman Thomas Jordan says contribution to quasi-fiscal policy measures can lead to gradual loss of independence
Treasury Committee recommends overhaul of Bank’s Court
Treasury Committee report says Bank of England Court should be replaced by new supervisory board to provide leaner and more expert review of policies
Korea governor selection process under fire
Politician takes on president’s ability to choose governor of the central bank board; wants to see candidates face parliamentary confirmation hearings
Papademos flies to Athens as Greece decides on new leader
Former European Central Bank vice-president Lucas Papademos rushes to Athens as Greek officials discuss leadership choice for new coalition government
ECB’s González-Páramo calls for more stringent EU fiscal policy
European Central Bank executive board member José Manuel González-Páramo urges eurozone governments to conduct fiscal policy with clear medium-term objectives
FSB confirms Carney as next chair
Financial Stability Board announced Bank of Canada governor Mark Carney as next chairman; vast experience in banking will come in handy
Former Kenyan deputy governor passes away
Hezron Nyangito passes away; was replaced as deputy governor of the Central Bank of Kenya last week over concerns for his health
Malaysia’s Aziz emphasises importance of policy co-ordination in Asia
Bank Negara Malaysia governor Zeti Akhtar Aziz says European sovereign debt crisis showed co-ordination between national interests was necessary in Asia
Canada hires S&P's Beers as special adviser
David Beers to move to Bank of Canada from Standard & Poors; will serve for 18 months as a special adviser to governor Mark Carney
Bank of Canada inflation target mandate set to stay
Governor Mark Carney appears before House of Commons Standing Committee on Finance to explain research done on topic; finance minister confirms inflation targeting to stay
Former Bank of Italy governor sentenced
Antonio Fazio convicted again over rigging sale of Italian banks; jail term will not begin until final level of appeal fails
Central bank communication crucial to formation of market expectations: ECB paper
European Central Bank paper shows effective use of communication on policy choices has important impact on market expectations
Treasury Committee releases terse correspondence with BoE Court
Chairman of the Treasury Select Committee releases correspondence with chairman of the Court of the Bank of England; shows strained relations over release of meeting minutes