Governance

Merkel names Weber’s successor

German chancellor Angela Merkel nominates economic adviser Jens Weidmann to replace Axel Weber as president of Bundesbank; picks BaFin director Sabine Lautenschläger-Peiter as new vice-president

Warsh quits Fed

Federal Reserve board member Kevin Warsh plans to step down from Fed seven years before term ends

Czech President names new rate-setter

Czech economist Lubomír Lízal to replace Robert Holman on Czech National Bank rate-setting committee; bank board member Pavel Řežábek reappointed for second term

SEC names new general counsel

Securities and Exchange Commission appoints deputy general counsel for litigation and adjudication Mark Cahn to head regulator’s law department

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