Governance

Canada names Toronto director

Mark Caplan, an executive managing director at BMO Financial, a financial services company, will join the Bank of Canada as a senior representative and director of its Toronto office.

Ex-Polish PM to head IMF's European department

Marek Belka, a former Polish prime minister and finance minister, will become the new head of the International Monetary Fund's (IMF) European Department. He will be the first Central European to take the role.

King declines bumper pay hike

Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.

Kenya governor caught up in hotel probe

Njuguna Ndung'u, the governor of the Central Bank of Kenya, is reportedly facing allegations of defamation and has become embroiled in investigations into the controversial sale of a Nairobi Hotel.

Bahrain's governor appoints new adviser

Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, has appointed Michael Taylor, a former head of banking policy at the Hong Kong Monetary Authority (HKMA), as his adviser.

Candidates touted to succeed BIS's Knight

Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…

NY Fed revamps organisational structure

The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.

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