Governance
Lagarde tells lawmakers eurozone must reform
Candidate for ECB president hints at possible greater openness to civil society groups
The Deutsche Bundesbank’s digital transformation
The German central bank’s new digital agenda includes major re-engineering of legacy analytics, processes, innovation management and digital competency
Sri Lanka asks Singapore to extradite ex-governor
Authorities seek to try Arjuna Mahendran on charges of financial crime
New Austrian governor says ECB should tighten policy
Robert Holzmann is distinguished pensions specialist and supporter of hard-right political party
Former finance minister set to lead Maldives Monetary Authority
Previous governor resigned in July amid allegations of attempting to obstruct an investigation
Greek authorities drop corruption probe into governor
Stournaras says “character assassination” was a plot against him
RBI overhauling approach to risk management – annual report
Initiatives include improvements to enterprise risk management, risk tolerance and modelling
ECB and EU auditors sign deal on supervisory data access
Auditors will view sensitive documents in controlled environment, ECB says
US senator calls for hearings on Fed’s role in 2020 elections
Republican accuses former NY Fed chair Dudley of trying “sabotage” Trump’s trade talks
Liberian central bank officials plead not guilty in court
Court sets very high bail level for senior officials as “fired” governor remains in office
RBI hands over chunk of its capital to government
Nearly $25 billion transferred to government as long-awaited Jalan report is submitted
IMF executives vote to clear way for Georgieva
Removing age limit would open path to IMF top job for current World Bank chief executive
Latin America’s escape from hyperinflation
Adoption of inflation targeting, flexible exchange rates and prudent fiscal policies in Brazil, Chile, Colombia, Mexico and Peru ended decades of runaway inflation
People: Central Bank of Ireland appoints chief information officer
Central bank picks CIO and insurance director; BIS seeks innovation hub chief; Vocalink gains new CEO
Brazilian central bank to take charge of anti-money laundering unit
Central bank says it will appoint AML organisation’s head and change its governance
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…
People: Brazilian government nominates World Bank official for deputy governor role
Sri Lanka names monetary policy board member; Bank of Ghana governor appointed to FSB role
Malaysia takes action against 17 Goldman bankers over 1MDB
Custodial sentences and criminal fines sought in relation to alleged misappropriated funds
Erdoğan sidelines senior central bank officials
Move follows dismissal of governor Murat Çetinkaya in July
NY Fed splits markets group and seeks two EVPs
Monetary policy implementation to be split from markets group after Potter’s departure
Former Fed chairs stress importance of central bank independence
President Donald Trump has repeatedly criticised chair Jerome Powell for keeping interest rates too high