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 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.
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.
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.
Horst Kohler's decision on Thursday 4 March to step down a year early from the IMF to accept a nomination to become German president has seen various names enter the fray as possible successors, including UK chancellor Gordon Brown.
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.
The White House repeated on Tuesday that President George W. Bush will support another term for Alan Greenspan as Federal Reserve Chairman.
Six unions representing employees at Banque de France, the French central bank (CFDT, CGT, FO, CFTC, SIC and SNA), called staff out on a one-hour work stoppage on Tuesday 24 February.
Governor Antonio Fazio of the Bank of Italy is under investigation in connection with a probe of alleged fraud in the sale of securities by an Italian bank.
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.
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.
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.
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.
Well-known Hollywood Actor Mel Gibson is about to release a new movie, but in a bizarre interview his father has made some outrageous comments, including a mention for Alan Greenspan.
President Director ECW Nelloe of Bank Mandiri said on Wednesday (18 Feb) that he was not prepared to be nominated for the post of senior deputy governor of Bank Indonesia.
Don Brash planned to take his message direct to the people after recent problems saw him accused of "Maori bashing". But all was not plain sailing for the former RBNZ chief.
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.
Supervisory staff at Bank Indonesia will be required to receive competence certificates under new measures to improve the banking industry.
Former chief of the Russian Central Bank Viktor Gerashchenko was elected co-chairman of the Russian Regions Party on Monday (15 Feb). The decision was made by the party's congress, after Sergey Glazyev was booted from the post.
Visiting a school recently, Cleveland Fed President Sandra Pianalto was mobbed for autographs by the schoolchildren who crowded round her.
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.
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.
Gerald Bouey, Governor of the Bank of Canada from 1973 to 1987, died on 6 February. In a statement David Dodge expressed sadness at the passing of a great friend.
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.