The Fed shares trading scandals, five years on
Could revised rules serve as template for other central banks?
It is now five years since the then Federal Reserve chair Jerome Powell first outlined reforms of the rules on securities trading by senior officials at the Fed, after a series of scandals prompted investigations, resignations and accusations by senior US politicians of insider trading at the US central bank.
In September 2021, Robert Kaplan and Eric Rosengren announced they would be stepping down as presidents of the Dallas and Boston Feds, respectively. Rosengren, who cited kidney disease in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Paraguay’s central bank rebuffs bank supervision criticism
Several politicians have called on BCP leadership to resign over supervision of Ueno Bank
Central Bank of Libya announces new governor
Naji Issa’s resignation – rejected in August – suddenly accepted in surprise leadership shake-up
Former NBP chief questions Glapiński’s political neutrality
Possible tribunal referral could leave Poland’s central bank short of a leader
Governor says NBU not under suspicion in police raid
Bank also rejects reports that Andriy Pyshnyy had submitted his resignation
Venezuela seeks shift to inflation targeting in medium term
Minister says dollarisation not ‘right answer’ and debt sustainability analysis to be published soon
Trump sets up committee to investigate Cook
Courts had previously ruled US president had not followed due process in trying to fire Fed governor
BCRA challenges claim of $1bn loss on gold hedges
Central bank says derivatives transactions in 2025 reflected routine hedging operations
BIS’s Hernández de Cos on AI, non-bank risk and tokenisation
General manager talks about how the BIS is navigating a complex global environment