Governance
Mersch appointed to ECB amid continuing controversy
Appointment to ECB board finalised despite challenge over lack of female candidates; Sharon Bowles says democracy has been shown to be discarded when ‘its truths are inconvenient’
EBA reveals criteria for assessing good governance
European Banking Authority sets out process, criteria and minimum requirements for assessing suitability of top management of credit institutions
BoJ deputy urges collaboration to tackle issues of ageing population
Kiyohiko Nishimura warns of ‘grave consequences’ if economic effects of demographic change are not given more attention; says regulation needs a clear focus
CFTC: fraud at Goldman Sachs caused $118 million loss
Accusations of fraud against a trader have parallels with Adoboli and Kerviel
Austerity package prompts Bank of Greece directors to quit
Wage caps and falling future pension payouts have contributed to the exit of a third of the central bank’s senior management
New deputy governor for National Bank of Slovakia
Ján Tóth appointed as deputy governor to Slovakian central bank; previously a member of the country’s Ministry of Finance research arm
BoJ expected to counter overseas monetary policy, minutes reveal
Bank of Japan minutes show senior Japanese government officials made demands of the Bank of Japan during its October policy meeting
Albania opens new currency centre
Bank of Albania has opened a new currency issue centre and mint as part of a wide-ranging property overhaul at the central bank
Banking supervision gets leadership overhaul in Spain
Bank of Spain names new director-general and associate director-general at the top of its banking supervision department as initial IMF review of financial assistance programme is released
Bank of Finland’s Honkapohja gets second five-year term
Seppo Honkapohja reappointed for a second five-year term on the board of the Bank of Finland; only three board members of a possible six currently in office
Bank of Israel moves to educate youth
An Israeli financial education programme has widened to include younger people; central bank says this will help strengthen the future position of the consumer in the financial sector
Embattled Nigerian governor condemns corrupt leadership
Central Bank of Nigeria governor Sanusi Lamido Sanusi says country’s economy is grossly underperforming due to corrupt and ineffectual leadership throughout the country
BoE shakes up management structure ahead of new role
Bank of England creates chief operating officer position to ease burden of new financial stability responsibilities on governors; finance director to retire in June next year
Bank of Israel names new head of macroeconomic and policy research
Bank of Israel appoints Adi Brender to replace Michel Strawczynski as head of the macroeconomics and policy division in its research department
CEE countries in a good position, says Mexican deputy
Manuel Sánchez says Central and Eastern European countries outside the eurozone are in a good situation as they can move towards integration slowly without taking on immediate risks
Islamic Liquidity Management Corporation replaces CEO
International Islamic Liquidity Management Corporation names Rifaat Ahmed Abdel Karim to replace Mahmoud AbuShamma as chief executive
Bank of Mauritius to offer gold as public savings tool
Mauritians will soon be able to purchase gold bars from the central bank as part of an effort to promote a 'savings culture' in the country
Stability the best foil for inequality, says ECB’s Cœuré
ECB executive board member considers the ability of monetary policy to tackle income inequality in Europe, saying stability is key to promote fairness
Euroclear’s Wicks named as new BBA chairman
Esma and PRA heads endorse appointment of European Securities Regulation ‘wise man’ Nigel Wicks as chairman of the British Bankers’ Association
Policy-makers debate how to restore trust in the financial system
Andrew Tyrie among speakers at BBA conference discussing how to develop greater trust in the financial system, ideas range from greater competition to code of conduct for bankers
Japan should encourage female labour participation, says IMF paper
Working paper says higher female labour market participation could deflect demographic pressures in Japan; challenges remain, but good policy can go some way to addressing them
Ireland’s Muldoon demands leadership from banks
Central Bank of Ireland director Fiona Muldoon says the country’s banks must show greater leadership, courage and hard work
Indian government appoints new director to RBI board
Engineering professor at the Indian Institute of Technology nominated to Reserve Bank of India’s board of directors; replaces Shashi Rajagopalan, who died in August 2011