Governance
Lebanon imposes travel ban on governor
Germany follows France in issuing arrest warrants for Riad Salameh
MAS launches AI training programme for key financial institutions
Central bank will design training programmes with universities and institutes
Slovak governor due to appear in court in July
Central bank deputy governor is new prime minister leading technocratic government
Polish central bank accuses critics of following Russian propaganda
Glapiński attacks critics, including opposition parties, as Poland prepares for election
Robert Lucas, 1937–2023
Nobel Prize-winner became famous for “revolutionary” work on rational expectations
Kenyan president nominates ally as governor despite scandal
Former IMF official Thugge likely to succeed Njoroge, despite 2019 arrest over dam allegations
China’s National Financial Regulatory Administration officially opens
Veteran banker and former provincial governor Li Yunze will lead new regulator
People: ECB seeks new supervision chief
Andrea Enria nears term end at SSM; Bank of Canada appoints deputy; Israel names SWF head
French prosecutors issue arrest warrant for Lebanese governor
Salameh condemns move and calls for Lebanon to end co-operation with European investigations
Lebanese governor fails to attend French court hearing
Salameh’s lawyer calls summons “null and void” as politicians hold talks over possible successor
Ravi Menon reappointed as MAS chief for two more years
Menon was previously rumoured to be leaving his long-held post
Biden nominates Jefferson as Fed vice-chair
President chooses first Latinx candidate for Fed board, and names Cook for full term
ECB to review staff wages after union protest
Central bank will formally review pay after works council rejects below-inflation rise
Central banks have ‘long way to go’ on gender equality – IMF paper
“Multidimensional survey” finds eight major central banks are unequal on many metrics
China appoints Li Yunze to head new financial regulator
Li is set to supervise most of China’s financial industry
French magistrates will charge Lebanese governor, report says
Investigators questioned Salameh’s brother over embezzlement and money laundering claims
World Bank board elects Ajay Banga president
Former Citigroup and Mastercard executive succeeds controversial Malpass
Kenya commission publishes shortlist to succeed Njoroge
Six candidates on list to succeed governor, whose final term ends in June
Book notes: The big con, by Mariana Mazzucato and Rosie Collington
The authors highlight that the excessive pursuit of efficiency results in ineffective government agencies
Biden may nominate Kugler, promote Jefferson on Fed board – reports
Adriana Kugler would be the first Latinx Fed governor in the central bank’s 109-year history
Fed inspector says FOMC should look at extending trading rules
Internal watchdog also finds shortcomings in enforcement and review
BoG’s Addison: Ghana agrees to end monetary financing
Governor says MoU with finance ministry “has been finalised”, and the IMF deal will come by the end of May
Central bank negative equity: a risk governance perspective
Janet Cosier explains how risk planning, recapitalisation and transparency are key as central banks incur financial losses