ECB board member confirmation hearing in April

The European Parliament said on Wednesday 3 March that it will hold a confirmation hearing with the nominee for the ECB's soon to be vacant seat. It spoke of a broadening of backgrounds which "would come from board members with an academic or…

Paul Sweezy dies at 93

Paul M Sweezy, a Harvard University economist who did much work on the theory of oligopoly, and left academia to become America's leading Marxist intellectual and publisher during the cold war era, died on Saturday 28 February at his New York home.

Court upholds immunity of former BSP chief Laya

The Third Division of the Philippines Sandiganbayan Court has upheld the immunity granted to former Central Bank governor Jaime Laya by the Presidential Commission on Good Government (PCGG) and dismissed the $65 million graft case against him.

Three BI insiders proposed for senior dep governor

President Megawati has proposed three names from within Bank Indonesia as candidates for the post of senior deputy governor, reflecting the government's intention to pick someone who is already familiar with the central bank's working environment.

The bad news - Greenspan must go!

Chairman Greenspan's busy week of testimony and speeches didn't go without its critics. Republican Senator Bernie Sanders sent a letter to President "Dubya" asking for Greenspan's removal.

Spain enters race for ECB seat

Spain has entered the frame proposing a candidate for a place on the governing council of the European Central Bank against both Ireland and Belgium, who have already thrown their hats into the ring.

Gerashchenko lashes Russian central bank

Former Russian Central Bank Chairman Viktor Gerashchenko has said he would sack the current management of the bank if he could. Appearing on Russian breakfast TV he said they did many things wrong because they are non-professionals.

Bill McDonough to get FPA gong

William McDonough, chairman of the Public Company Accounting Oversight Board, and former president of the New York Fed will be awarded the Foreign Policy Association Medal next week.

RBI staff strike over strike ban

Around a million workers of state-run Indian banks including the Reserve Bank of India went on strike Tuesday 24 February to protest against a Supreme Court decision prohibiting government employees from going on strikes.

'Toshihiko Goldilocks' world's top central banker

According to The Economist this week, Bank of Japan Governor Toshihiko Fukui is the world's best central banker. Fukui was prised for steering monetary policy in the right direction while his counterparts at the ECB and Fed came in for criticism.

Udovicki's future at NBS still in balance

The Serbian Parliament began a debate on proposed changes to legislation on presidential elections on Thursday (19 Feb). Parliament completed debate on the appointment of the National Bank governor but has yet to put it to a vote.

Central bank to cut 300 staff in Ecuador

The Central Bank of Ecuador (BCE) is to reduce its staff numbers by 28% to 777 as part of a cost cutting plan. The move brings the BCE into line with IMF recommendations and follows criticism of its high wage bill.

New York Fed names Christine Cumming First VP

The Federal Reserve Bank of New York named Christine Cumming, a 24 year veteran of the Bank, as its new first vice president on Monday (9 Feb). Timothy Geithner said that her fine judgement and intellectual contribution to the bank is impressive.

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