People
BIS appoints Peter Dittus as Secretary General
The Board of Directors of the Bank for International Settlements (BIS) announced on Monday 8 November the appointment of Peter Dittus as Secretary General for a five-year term.
Wellink to continue as Chairman and BIS President
The Board of Directors of the Bank for International Settlements (BIS) announced on Monday 8 November the re-election of Nout Wellink, President of the Netherlands Bank, for a second three-year term as Chairman of the Board and President of the BIS.
Bumpy road seen for next Fed chief
Newly re-elected George W. Bush is likely to pick from five "qualified" successors to fill Federal Reserve chairman Alan Greenspan's shoes, this article says, with the real issue being their ability to match chairman Greenspan's deft touch in the conduct…
Electrician short circuits NY Fed computers
An electrician who was fired after he was caught using a home made electrical testing device on the computer circuit breakers at the Federal Reserve Bank of New York then took the NY Fed to court claiming his sacking was a set up.
Interview with Central Bank of Nigeria's Soludo
In a recent interview Central Bank of Nigeria governor Charles Soludo talked about his plan to increase banks' minimum capital requirement. Soludo gives his opinion on some of the most talked-about points of his plan.
Norway's Gjedrem appointed to second term
Norges Bank governor Svein Gjedrem was appointed to a second term on Friday 29 October. Press reports described the move as a vote of confidence for his management policies.
Albania votes in new central bank chief
Albania's parliament voted to confirm some changes to top executive posts on Thursday 28 October including the appointment of Ardian Fullani as the new central bank governor.
Interview with Central Bank of Cuba's Soberon
In an interview published this week, president Francisco Soberon of the Central Bank of Cuba said it would be extremely unwise for Cuba to change the one-to-one exchange rate to the dollar after the Cuban people have shown such confidence in the Cuban…
Bank of Israel promotes 20 percent of staff
A press report said this week that Bank of Israel governor David Klein has decided to promote 20 per cent of the central bank's staff, with salary increases of between 10 and 15 per cent. Haaretz said the move was made without consulting the workers…
RBI names Gopinath as key department head
Shyamala Gopinath, a deputy governor in the Reserve Bank of India, took charge of the key departments of monetary policy and internal debt management this week following Rakesh Mohan's move to Economic Affairs secretary in the government.
CBN may lose 2,000 staff
The Central Bank of Nigeria may lose up to 2,000 staff as part of a restructuring of the bank, press reports said this week. The majority of the affected employees work in four departments which are to be phased out as part of the plans, Vanguard said.
List of Greenspan successors shrinks
The re-election of President George Bush sharply narrows the field of candidates to succeed Alan Greenspan as Federal Reserve chief, this article says. Steven Cecchetti is quoted as saying Martin Feldstein is the unconditional best candidate.
Dallas Fed's McTeer says 'Goodbye and howdy'
Federal Reserve Bank of Dallas President Bob McTeer resigned on Thursday 4 October to become chancellor at Texas A&M University, ending a 36-year career in the Federal Reserve system. In a statement posted on the Dallas Fed's website on Thursday titled …
Ukrainian election heads for runoff vote
The top two candidates to succeed Ukrainian President Leonid Kuchma are heading for a run-off vote on 21 November, after neither won a majority in the first round. Former governor of the National Bank of Ukraine Viktor Yushchenko is one of the candidates.
Sveriges Riksbank alters management forms
At its meeting on 13 October, the Executive Board of the Sveriges Riksbank decided to make certain changes in the way the bank is managed. Responsibility of members of the Executive Board for preparing matters from the departments will be replaced by a…
Danmarks Nationalbank appoints head of Secretariat
As of 1 November, Karsten Biltoft, Head of Division, is appointed Head of Danmarks Nationalbank's Secretariat which, among other things, is responsible for external and internal communication.
Interview with Dr YV Reddy, Governor of the RBI
This interview was given to Emerging Markets on the occasion of the magazine presenting Dr YV Reddy of the Reserve Bank of India the Best Central Bank Governor of the year award. Issues considered for such nominations include "strong track record,…
Interview with Philadelphia Fed's Santomero
In an interview published last Friday, 22 October, Philadelphia Fed President Anthony Santomero said that the Federal Reserve will be able to slow down the pace of interest rate rises if the economy grows less rapidly than it expects.
Federal Reserve appoints regional Fed chairmen
The Federal Reserve Board on Wednesday 27 October announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington…
Former Bank of Italy governor gets pacemaker
Italian President Carlo Azeglio Ciampi, who was governor of the Bank of Italy between 1979 and 1993, underwent surgery to install a pacemaker last week, his office said.
Yushchenko went from central bank to politics
Viktor Yushchenko, who was governor of the National Bank of Ukraine through most of the 1990s, goes into Sunday's presidential election in the Ukraine as the main opposition candidate. This article assesses his chances, and also takes a look at his…
China's 'Father of the Euro' university to open
It was announced on Thursday 28 October that the recently established Mundell International University of Entrepreneurship will open in November.
Report claims Israel's Klein asks for second term
A report by Haaretz Daily this week claimed Bank of Israel governor David Klein asked about his chances of being appointed for a second term at the central bank during a meeting with Finance Minister Benjamin Netanyahu.
Senate approves Azevedo as Brazil's mp director
Rodrigo Azevedo, the nominee for central bank of Brazil monetary policy director, told the senate this week he would seek to keep the currency stable and fight inflation.