Governance
Dublin deflects ECB criticism of bank law
Ireland’s finance ministry says central bank independence not threatened by bank bill; statement comes in response to wide-ranging European Central Bank critique of draft law
Tributes pour in for euro architect Tommaso Padoa-Schioppa
Central bankers, private sector officials laud the contributions of Tommaso Padoa-Schioppa, who died on Saturday
King named vice chair of European Systemic Risk Board
Bank of England governor Mervyn King named Trichet’s deputy on ESRB
Another SNB council member to step down next April
Swiss National Bank’s Konrad Hummler to step down in April; move comes after Armin Jans tendered his resignation in November
Frankfurt taps NCBs for €5 billion
European Central Bank says greater amount of capital required because of increased volatility
ECB blasts Budapest again
European Central Bank says draft law to give parliament the right to appoint the majority of rate-setters further erodes National Bank of Hungary’s independence
Bank names former Apax COO as new head of HR
Bank of England names Catherine Brown as executive director for human resources
Nigeria stands by Sanusi’s government barbs
Central Bank of Nigeria maintains governor Sanusi Lamido Sanusi’s assertion that legislative branch absorbs quarter of all government overheads; comments spark anger from politicians
Ghana’s Amissah-Arthur: bank ownership should be broadened
Bank of Ghana governor Kwesi Bekoe Amissah-Arthur says Accra holds too much of banks’ shares; calls for a well-managed offloading of stock
‘End the Fed’ author to lead congressional Fed oversight group
US congressman Ron Paul appointed chair of monetary policy subgroup in influential lower house financial committee; appointment could spark intense scrutiny of Federal Reserve
Italy’s Draghi: eurozone governments must step up
Bank of Italy governor Mario Draghi looks to eurozone governments to tackle fundamental issues; stresses ECB will not dabble in fiscal arena, echoing president Jean-Claude Trichet
Ex-Philippines governor named US ambassador
Central Bank of the Philippines’ former governor Jose Cuisia Jr. selected as country’s ambassador to the United States
Sarb, investors draw a line under dispute
South African Reserve Bank's first ordinary general meeting under amended law passes without shareholder dissent; governor Gill Marcus says outreach to shareholders will be expanded
Zimbabwe to axe 74% of staff: reports
Reserve Bank of Zimbabwe governor Gideon Gono says central bank will axe 1,600 jobs as part of measure to downsize institution, according to leading media
Yilmaz uneasy on proposed central bank move to Istanbul
Turkish lawmakers to consider relocating central bank from capital Ankara to Istanbul; central bank governor Durmuş Yilmaz would rather stay in Ankara
Kansas Fed’s Hoenig open to shorter lag in releasing FOMC transcripts
Kansas Federal Reserve president Thomas Hoenig says nothing inherently wrong in publishing rate-setter meeting transcripts with delay of less than five years
Fed audit sheds light on scale of deterioration in AIG vehicles
Federal Reserve publishes data illustrating the fall in asset value and quality in Maiden Lane II and III vehicles; Fed’s-eye view on crisis events revealed
Nordea chief to head European banks' trade body
European banking lobby group appoints Nordea chief executive Christian Clausen as president; Clausen takes over from ex-UniCredit chief Alessandro Profumo