Governance
FDIC appoints new director of division of finance
Craig Jarvill has temporary role as director of the division of finance made permanent
IMF's Min opens latest Technical Assistance Centre
International Monetary Fund deputy managing director Min Zhu inaugurates new technical assistance centre in Mauritius
RBNZ’s Bollard discusses earthquake contingency plans
Reserve Bank of New Zealand governor Alan Bollard outlines emergency measures adopted by central bank in preparation for future natural disasters
India adds two more members to board of directors
YH Malegam and MV Rajeev Gowda appointed as directors; announcement follows the seven new members added last month
Colleagues rate Trichet’s performance as chief as ‘good’
Trade union asks ECB staff how outgoing president handled European crisis; questions regarding internal management produce interesting results
Egypt banishes bankers from board of directors
New central bank law means bank employees cannot serve on the board; number of members of the board of directors will be reduced
Debt fears rise as Italian prime minister wins confidence vote
Italian prime minister Silvio Berlusconi wins vote of confidence in parliament as concerns grow over his government's ability to fulfil its fiscal consolidation package
Australian regulator appointed secretary-general to Basel Committee
Basel Committee names executive general manager of Australian Prudential Regulation Authority Wayne Byres to replace Stefan Walter as secretary-general
Euro area economic governance reform package inadequate: ECB’s Stark
European Central Bank executive board member Jürgen Stark says euro area economic governance reform package falls short of quantum leap
Hansson pips Sutt to Estonia governor seat
World Bank economics chief Ardo Hansson narrowly beats rival Andres Sutt in race to become Bank of Estonia governor
Ex-UK chancellor calls for disbandment of Bank's Court
UK former chancellor of the exchequer Alistair Darling launches scathing attack on Bank of England's governance framework; says the Bank's Court should be broken up
Kuwait and China agree on deeper cooperation
Kuwaiti finance minister holds talks with Chinese representatives of central bank and sovereign wealth fund; agree on heightened cooperation
Israel completes appointments to new rate-setting body
Israeli government confirms appointment of three external members to Bank of Israel’s new Monetary Committee; rate-setting body due to vote in October
Kenya’s Ndung’u calls for policies to stimulate competition
Central Bank of Kenya governor Njuguna Ndung’u says increased transparency and growth can be achieved through policies promoting competition and financial innovation
Central banker takes over as Labuan Financial Services Authority director
Encik Ahmad Hizzad bin Baharuddin takes over as head of the Labuan FSA; leaves role as director of Bank Negara Malaysia's Islamic banking and takaful department
US watchdog highlights discrepancies in Fed emergency programmes
US Government Accountability Office says Fed on occasions failed to properly document processes and decisions during crisis; says opportunities exist to strengthen risk management practices
Peruvian president reappoints governor and chooses new board members
Julio Velarde retains governorship of the Central Bank of Peru; three university professors designated as board members
EU lawmakers agree on Stability and Growth Pact overhaul
Enhanced Stability and Growth Pact gets approval of European Council and Parliament; European finance ministers clear Asmussen for ECB executive board
ECB’s Bini Smaghi revisits Triffin dilemma
European Central Bank executive board member Lorenzo Bini Smaghi says tension persists between short-term domestic policy incentives and stability of international monetary system
RBA announces representative in China
Ivan Roberts to open Reserve Bank of Australia representative office in Beijing; will assist with monitoring of economic and financial conditions in China
Application process opens for board member at Bank of Finland
Application process opens to find replacement for Pentti Hakkarainen whose five-year term ends in February
New president fires low-inflation champion Fundanga
Central Bank of Zambia governor Caleb Fundanga fired by new president; no replacement announced yet for governor praised for low inflation efforts
Kuwait central bank employees protest over pay
Central bank workers want salary increases; latest government workers to demand more after oil sector employees receive up to 66% wage hike