Governance
Will new reforms lift the veil of secrecy at the Bank of England?
The Bank of England has unveiled a broad package of reforms to its transparency. Daniel Hinge speaks with transparency experts to assess the changes
Are central banks the ‘Figaro’ of the financial markets?
Central banks continue to play a vital position in the functioning of markets. While this raises significant concerns about moral hazard it is not an unfamiliar role from an historical perspective
Book notes: Emerging Africa, by Kingsley Moghalu
Sub-Saharan Africa is no basket case, but neither is it poised to follow China and India on their meteoric economic rise, Kingsley Moghalu argues in his forthright book
Kalyalya replaces Gondwe as Bank of Zambia governor
Former deputy governor Denny Kalyalya replaces Michael Gondwe at the helm of the central bank, after new president decides he wants a change at the top
Cyprus central bank reviewing operational model
Central bank is commissioning a detailed study into its organisational structure to ensure it is ‘fit-for-purpose’, in light of concerns it has not ‘adequately evolved’ with the times
People: Sejko confirmed as Albania governor; Vietnam names deputy
Gent Sejko confirmed in post after being nominated in December; Nguyen Kim Anh becomes sixth deputy governor at State Bank of Vietnam; and more
BoJ nominee Harada: monetary stimulus, fiscal discipline
A review of Yutaka Harada’s published papers and articles reveals the Bank of Japan Policy Board nominee is likely to favour more stimulus from the central bank and less from the government
People: IMF names new deputy; Brazil in line for two as well
Christine Lagarde wants to appoint an adviser of the Japanese government as deputy managing director; Brazil’s central bank governor proposes two new deputies in a reshuffle; and more
IMF calls for reform at Madagascar central bank
Staff report says central bank needs greater independence and stronger oversight mechanisms; new audit committee on the way and government agrees to recapitalise institution
BoE appoints two executive directors
Alex Brazier and Sam Woods take responsibility for financial stability and insurance, respectively; Brazier fills role left vacant by departure of Spencer Dale
People: Bulgarian deputy dismissed by parliament; HKMA appoints director
Bulgarian parliament dismisses central bank deputy governor over failure of a commercial bank; HKMA creates post of executive director for risk and compliance; and more
Riksbank profits safeguard independence, first deputy says
Kerstin af Jochnick says low interest rates will hurt profits in coming five years but adds central bank has buffers to guarantee its ability to perform vital tasks
Former Sri Lankan governor's passport seized by anti-bribery commission
Ajith Nivard Cabraal, who stepped down on January 9, is ‘prevented from leaving the country' as government cracks down on ‘corruption' under former administration
Fed sets up permanent community advisory council
First advisory council since the 1980s set up as Federal Reserve fights claims that its policies are benefiting wealthy investors at the expense of middle-income households
Ex-finance minister replaces Angolan governor after shock resignation
José de Lima Massano resigns from the National Bank of Angola; the President accepts his resignation and appoints former finance minister to succeed him
Bank of Russia hires deputy to head up monetary policy implementation
Dmitry Tulin returns to the central bank as first deputy with responsibility for monetary policy; Ksenia Yudaeva will now focus solely on financial stability
People: Sri Lanka gets new governor, Albania 'very close'
Arjuna Mahendran appointed governor of the Central Bank of Sri Lanka following elections last week; Gent Sejko on track to become Albanian governor, says spokesperson; and more
IMF gains one deputy managing director but loses another
Carla Grasso set to join as first-ever chief administrative officer, while Naoyuki Shinohara will leave at the end of his term; Lagarde praises his ‘trademark efficient and sharp insights’
Afghanistan governor Delawari resigns
Noorullah Delawari resigns three years into his second term at the central bank; first deputy governor Khan Afzal Hadawal will serve as caretaker until permanent replacement is appointed
National Bank of Slovakia governor handed second term
Jozef Makúch is the first governor to be reappointed at the Slovakian central bank; tells Central Banking he is ‘very much looking forward’ to new challenges
Draghi and Rajan strike deal on cooperation
MoU signed on the sidelines in Basel will see ECB and RBI exchange information and cooperate on technical matters, banks announce