Governance
Israel inches towards rate-setting board
Bank of Israel law, which would set up a six-member Monetary Policy Committee, passes first of three readings in the Knesset
UK FSA chief executive in quit surprise
Financial Services Authority’s Hector Sants surprises City with decision to depart in the summer after three years as chief executive
No winners from Redrado’s row
The Central Bank of Argentina's conflict confronts the country with a Catch-22 situation from which the authorities cannot profit, argues Vladimir Werning, an economist at JP Morgan.
Ex-Nigeria chief loses state governor race
Nigerian ex-governor Charles Soludo places third in the bid for governorship of the resource-rich Anambra state after a spirited campaign
Ex-IMF chief economist wants Fed’s Hoenig for Treasury
Simon Johnson says lone FOMC dissenter “entirely plausible” successor to Tim Geithner
Fed’s independence in public’s interest: Bernanke
Ben Bernake says the Federal Reserve will work with Congress to ensure maximum transparency
Argentina surprises with new governor
Mercedes Marcó del Pont, the pro-government head of a state bank, is made governor of the Argentine central bank, commentators and markets in shock
Ireland wrongly accused over funding family trips
Spending watchdog admits error over claims central bank paid for 52 spouses to travel on single visit, but Honohan bans future junkets
DSK hints at early departure from Fund
International Monetary Fund’s managing director thought keen to challenge Nicolas Sarkozy in 2012 presidential vote; move paves way for Fund to prepare ground for non-European appointment
Ex-SARB head to chair packaging company
Tito Mboweni named chairman of Nampak
Frontrunner Blejer: deputy should take over
Former Argentine governor Mario Blejer tells CentralBanking.com deputy should see out Redrado’s term
Argentina’s Redrado resigns
Argentine central bank governor gives in after three-week stand-off with the country’s president, government says it does not accept resignation
Former T&T governor blasts successor
Former governor of the Trinidad and Tobago central bank Winston Dookeran criticises current head Ewart Williams, saying his economic forecasts are out of touch
Senate backs Bernanke for second term
Lawmakers vote 70 to 30 in favour
Frank says Fed presidents shouldn’t vote on policy
Head of House Financial Services Committee labels heads of regional Federal Reserves “private citizens selected by other private citizens”
NY Fed misrepresented French AIG position: Tarp overseer
Tarp overseer Neil Barofsky says Commission Bancaire would have helped secure haircuts from French counterparties of American International Group; comments contradict earlier claim by New York Fed
Geithner passes buck on AIG
Treasury Secretary says he did not make the decision to pay American International Group’s biggest counterparties 100 cents on the dollar
Denmark names professor new economics head
University of Copenhagen’s Peter Birch Sørensen to move to the National Bank of Denmark in April
Keep the Fed away from politics: Dallas’s Fisher
Dallas Fed president Richard Fisher says allowing Congress to audit the Fed would be comparable to the governance crises of Weimar Germany and pre-Péron Argentina
Redrado barred from central bank by police
The fall out between Argentine central bank head Martín Redrado and President Cristina Fernández escalates as police are posted outside the central bank to prevent him entering