Governance
Hungarian government proposes banking regulator merger
Hungarian parliamentary committee sets out amendments to National Bank of Hungary law that will merge institution with financial regulator; move would see governor Andras Simor demoted to deputy head
New director for IMF Institute
Christine Lagarde announces Sharmini Coorey as new head of the IMF’s economic management training body; also reveals new directors of the external relations and human resources departments
Saudi Arabian reshuffle sees new governor appointed
Muhammad al-Jasser moved to government post; Fahd bin Abdullah al-Mubarak takes over as governor of the Saudi Arabian Monetary Agency
Zambian president sparks ‘fake’ money panic
Zambian president refers to 'fake' money in circulation; finance minister accuses central bank of shirking legalities in awarding latest banknote printing tender to German company
European Parliament to vote on Cœuré’s future at ECB
Economic and Monetary Affairs Committee recommends Benoît Cœuré for ECB executive board; plenary European Parliament vote to happen on Wednesday
New governor selected in Chile
Sebastián Piñera, the president of Chile chooses Rodrigo Vergara Montes to lead the Central Bank of Chile; Montes takes over role before final Senate approval
Ireland’s Gerlach optimistic about fiscal adjustments
Central Bank of Ireland deputy governor Stefan Gerlach says progress towards completing Ireland’s fiscal adjustment programme has gone better than expected
Promotions and reappointments at the Chicago Fed
Federal Reserve Bank of Chicago announces new deputy chairman, reappointments of board chairman, two directors and Federal Advisory Council representative; also promotions in three internal groups
Cœuré progresses towards ECB executive board membership
ECB Governing Council adopts Council of the European Union opinion and supports Benoît Cœuré to become a member of the executive board
Kamin confirmed as permanent replacement for Sheets at Fed
Steven Kamin is made permanent director of the Division of International Finance at the Federal Reserve Board; has been acting head since Nathan Sheets resigned in August
Czech prime minister wary of central bank losing independence
Petr Nečas does not want selection method of top central bank officials to change; warns Senate-agreed choices could lead to the politicising of the board
CB.com panel discusses changes in reserve management functions
CentralBanking.com poses the question: What do central banks want from reserves and reserve managers? Panellists discuss how the financial crisis has altered the role of reserve managers
Namibian deputy governor turns down third term
Bank of Namibia deputy governor Paul Hartmann to be replaced by director of research Ebson Uanguta; governor Ipumbu Shiimi confirmed for a full five-year term
Fed promotes directors on district boards
Federal Reserve announces string of changes to chair and deputy chair of regional Fed board of directors for 2012
MAS reshuffles senior management
Departure of Leo Mun Wai as head of Monetary Authority of Singapore's capital markets group triggers series of changes to management at central bank
Philippines banking sector liberalisation continues
Central Bank of the Philippines awards seven banks the right to open 162 branches in previously 'restricted' zones; next phase in the liberalisation of the domestic banking sector
Australia announces new deputy governor
Philip Lowe promoted from position as assistant governor; Heather Ridout revealed as new external board member
Plosser warns Fed against engaging in fiscal policy
Philadelphia Federal Reserve president Charles Plosser says involvement in credit programmes risks blurring distinction between monetary and fiscal policy
Central Bank of Tunisia makes plea to government
Newly formed interim government must act to restore investor confidence, says board of directors; calls for independence of the central bank to be protected
Riksbank appoints two new deputy governors
Kerstin af Jochnick and Per Jansson will succeed Svante Öberg and Lars Nyberg on the Swedish central bank’s executive board at the beginning of next year
US Senate passes sanctions on Central Bank of Iran
US Senate passes sanctions aimed at Iran's crucial oil industry; measure will prevent financial institutions from doing business with US and Iran, forcing them to choose
Bank of England selects new chief for Special Resolution Unit
Andrew Gracie returns to Bank of England to lead special resolution unit; takes over later this month
Draghi pushes for greater fiscal integration in eurozone
European Central Bank president Mario Draghi says new fiscal pact is needed between eurozone countries to deepen economic integration