Governance role to shift in crisis aftermath

Central bank governance is set to change in the aftermath of the financial crisis as institutions' roles adapt, a report out Monday has said.

Issues in the Governance of Central Banks by the Central Bank Governance Group, a collection of seven governors and two deputies, has noted that changes in central banks' role and governance have often occurred in response to severe crises or persistent policy problems such as the need to deal with chronic inflation in the 1970s and 1980s.

And the curre