Governance
Agius confirms BoE governor’s intervention in Barclays
Chairman of Barclays recounts meeting with Mervyn King during which he was told Bob Diamond had lost the confidence of the regulator; following day the bank’s chief tendered his resignation
Diamond clarifies note on conversation with BoE deputy
Former chief executive of Barclays explains note written after conversation with Paul Tucker; gives evidence on same day Tucker makes public request for hearing with Treasury Select Committee
New leadership for Eastern Caribbean Central Bank Monetary Council
Chairmanship of ECCB’s Monetary Council moves to St Kitts and Nevis member; rate-setters leave key rates alone after reviewing mixed economic data
Bank of Spain names new director-general
Francisco Javier Priego becomes director-general; remains head of the central bank’s legal department
Sack withdraws resignation and stays on at NY Fed
Brian Sack stays on as a senior adviser to New York Fed president William Dudley; new head of markets group already appointed
King calls for overhaul of UK banking system
Governor of the Bank of England says cultures of investment and retail banking operations do not mix; calls on government to legislate on all of Independent Commission on Banking’s recommendations
Outgoing World Bank president reveals next roles
Robert Zoellick says he will join Belfer Center for Science and International Affairs at Harvard University and the Peterson Institute for International Economics on leaving the World Bank
Latest amendments to Hungarian central bank law appease IMF
Hungarian government publishes letter from Christine Lagarde which gives controversial law the go ahead; says IMF is ready to begin talks about financial aid once law is passed
Governor of Central Bank of Tunisia fired: reports
Governor to be relieved of duties following economic policy dispute; Mustapha Kamel Nabli has been chief since the revolution in Tunisia
MAS agrees establishment of office in China
Monetary Authority of Singapore will open a representative office in Beijing after settling on a deal with the People’s Bank of China; third overseas office for MAS
Graeme Wheeler to replace Bollard as New Zealand governor
New Zealand unveils World Bank veteran Graeme Wheeler as replacement for RBNZ governor Alan Bollard
New York Fed appoints new head of markets group
Simon Potter named as chief of markets group and manager of the System Open Markets Account; begins new role on June 30
Norwegian governor discusses fund risk rebalancing
Øystein Olsen considers need for pension fund to rebalance its portfolio in response to changing risk; argues that rebalancing is justified
Former Brazilian governor takes additional advisory role
Henrique Meirelles appointed as senior adviser at Kohlberg Kravis Roberts; adds firm to a substantial list of board positions and advisory roles
Croatian National Bank facing governance void
Governor Željko Rohatinski’s term ends in early July; no successor has yet been announced by government
FSA’s Sants airs fears of overburdened BoE governor
Hector Sants says operational tasks handed to Bank of England governor under recent reforms could be “too great”; slams government and BoE for not listening to advice concerning Northern Rock collapse
Hildebrand settles at BlackRock
Former Swiss National Bank governor takes job as vice-chairman at BlackRock; joins in October to advise the firm’s largest institutional clients in the EMEA and Asia-Pacific regions
Japanese prime minister nominates new rate-setters
Two new board members put forward by Yoshihiko Noda; nominations need approval by both houses of the Japanese parliament
Bank of Uganda awaits confirmation of four board members
The terms of four out of six members of the Bank of Uganda’s Board expired in June; no word yet on replacements
Zeti stresses importance of training in improving bank governance
Governor of Bank Negara Malaysia says training for directors of financial institutions is an effective method of promoting financial stability; praises FIDE programme’s role in achieving this
Bank of Spain deputy governor resigns
Francisco Javier Aríztegui resigns as Bank of Spain deputy governor; Fernando Restoy Lozano named as replacement
PBoC hires banker as deputy governor
Top executive leaves Agricultural Bank of China to become deputy governor at the People’s Bank of China; brings total number of deputy governors to four
New Bank of Spain governor named
Miguel Angel Fernandez Ordoñez’s successor is chosen; will assume the top role at the central bank on June 11