Costa Rica proposes strengthening central bank independence
Costa Rica’s government has proposed legal changes to strengthen the central bank’s independence, removing the finance minister from its board and reforming its auditing procedures.
“Monetary policy actions can be politically sensitive, so for this reason it is opportune to separate them from political pressure,” the bill’s introductory text reads. The government introduced the proposals into the legislative assembly on June 9, saying they were a response to an International Monetary Fund
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Organisation
Argentine candidate promises opposition seats on BCRA board
Massa promises to renegotiate IMF loan as country heads to the polls on October 22
Ex-governor issues stern warnings about planned RBA revamp
Debate over proposed changes to board structure escalates
Legal dispute pits Costa Rica central bank against financial supervisor
Regulator has refused to hand over credit data, and central bank has filed criminal charges
To govern well, manage ‘enterprise’ risk
Effective risk management should be governance-oriented and top-down; not operationally oriented and bottom-up, writes John Mendzela
Chile governor warns committee against adding mandates
Debate over central bank role continues in Chile’s second attempt at new constitution
China to overhaul financial regulatory system
Proposed changes reduce the PBoC’s role in financial oversight
RBI report details Covid contingency measures
Central bank reorganised staff and processes at “unprecedented scale and speed”
Eight key elements to managing a central bank
Peter Nicholl describes critical lessons he learned while developing governance and capacity at the CBBH