Governance
Sanusi exiled from Central Bank of Nigeria
Nigerian president Goodluck Jonathan suspends the central bank governor for financial recklessness; Sanusi says he will fight the suspension but accepts his days are numbered
People: Slovakia puts financial markets head on the board; director re-appointed to the UK's PRA
The National Bank of Slovakia's executive director for financial markets has joined the central bank board; Charles Randell re-appointed to the Bank of England's PRA; and more
Weidmann argues in Karlsruhe for strict monetary policy rules
Bundesbank president argues for legal strict limits to central banks' flexibility, saying such rules are particularly important to the functioning of European monetary union
Banque de France's Christian Noyer on bank runs, the euro crisis and a Fed-like ECB
Christian Noyer explains how he has restructured the Banque de France to enable it to become the Eurosystem’s ‘New York Fed’, while facing down a bank run and tackling the euro crisis
Central Bank of Oman's Hamood Sangour Al Zadjali on the dollar, financial stability and Islamic finance
The Central Bank of Oman remains committed to the dollar as it moves to improve governance, liquidity management and Islamic finance in the sultanate, its executive president tells Chris Jeffery
Independence no substitute for rules-based policy
Thomas Cargill summarises the conclusions of four papers by world-leading economists on the issue of central bank governance and finds independence is overrated
New face for FOMC as Cleveland Fed pick Pianalto replacement
Mester, head of research at Philadelphia Fed, will take over on June 1; will contribute insights on financial stability effects of monetary policy to FOMC, says Don Kohn
Kenyan High Court blocks charges against Ndung’u
Njuguna Ndung’u granted temporary reprieve from corruption charges after High Court intervenes, but possibility of arrest fuels fears of turbulence in the vulnerable economy
A new vision of the Old Lady
The strategic review at the Bank of England represents an opportunity to create an ‘Economics Directorate’, a research department and an external policy unit, writes Richard Barwell
Maldives chief economist nominated as governor after presidential volte-face
Azeema Adam looks set to become the next governor of the Maldives Monetary Authority, after the president withdrew his first candidate for the role
Bank of England has no evidence it 'condoned' FX market manipulation
UK central bank launched an investigation into allegations its own staff condoned foreign exchange market manipulation, months before the case came to light last week
IMF voices concern over ‘weakening of central bank independence' in Bolivia
Any changes stemming from new constitution should ‘conserve supremacy of central bank law', says IMF; analyst says independence has not led to price stability
Former BoE staffer sets out vision for Bank's reorganisation
Richard Barwell, now a senior economist at RBS, calls for a reshuffle at the Bank of England which would see the MPC gain a majority of external members, and a redefined chief economist position
Riksbank unveils organisational shake-up
Three new units streamlining asset management and payment operations will come into being on March 1; also announces transfer of Skr3.3 billion to Treasury
ECB names five SSM deputies
The European Central Bank appoints five deputy directors-general to its single supervisory mechanism with another two to follow; the Bank of Spain contributes a second senior supervisor
Hungary chided by ECB over threat to suspend governor
Hungarian law states that if the governor or deputy governors fail to declare personal wealth, they could be relieved of their posts; ECB points out this is insufficient grounds under European statute
People: Former PM joins Czech central bank; Bank of Canada appoints ‘special adviser'
Czech National Bank replaces outgoing board member with man who was Prime Minister until last week; Canada appoints special adviser with financial system expertise
ECB reshuffles executive board
Benoît Coeuré takes over international and European relations; Yves Mersch inherits payments and market infrastructure; Vítor Constâncio gets macro-prudential policy
Central Bank of Nicaragua appoints Ovidio Reyes president
General manager was made acting president when Alberto Guevara was stripped of his responsibilities in mid-January, but was only officially appointed on Thursday
Ben Bernanke joins Brookings; State Bank of Pakistan promotes deputy to acting governor
Bernanke, who left the Federal Reserve on Friday, will engage in ‘research and writing' at the Washington think-tank; State Bank of Pakistan deputy steps up after governor's departure
Bank of England to lay off up to 100 staff
The central bank is looking to save £18 million over the next three years by making operations leaner; union representatives ‘strongly' oppose resulting redundancies
Bernanke passes torch to Yellen as poll shows US torn on his legacy
Janet Yellen to be sworn in as Federal Reserve chair on Monday, but de facto takes over when Bernanke bids farewell today
People: Israel appoints new currency head; ESRB re-elects Ingves
ESRB also reappoints Marek Belka, president of the National Bank of Poland, to steering committee and appoints Richard Portes, founder of CEPR, to Advisory Scientific Committee