Governance
Ailing Belarus governor released from office
President Alyaksandr Lukashenka releases Pyotr Prokopovich from office; acting chairman of the board, Yury Alymov remains in post
Pakistan accepts governor’s resignation
State Bank of Pakistan governor Shahid Kardar's resignation confirmed, ending days of speculation over his future at the central bank
BIS must continue to evolve: Caruana
General manager, Jaime Caruana, says BIS must continue to adapt to a changing world; working to incorporate emerging economies effectively
Progress made on information gap project
IMF and FSB report 'considerable' progress on implementation of information gap recommendations
Peru governor agrees to stay on
Julio Verlade will remain in role as governor for another five-year term; president wants to maintain economic stability
Bank of Finland snaps up ousted Estonian deputy governor
Märten Ross becomes adviser to the Bank of Finland’s monetary policy and research department in the area of the international economy and economic policy
Uncertainty over resignation of Pakistan governor continues
State Bank of Pakistan spokesperson says governor Shahid Kardar's resignation has 'not yet' been accepted
Lebanese government renews governor’s term
Government gives Riad Salamah six more years in charge; term begins August 1
Brazil holds first Financial Stability Committee meeting
First meeting held over a month later than planned; comes in same week governor addresses New York audience for the first time and discusses rising inflation
State Bank of Pakistan left in dark over governor’s resignation
Reports emerge that State Bank of Pakistan governor Shahid Kardar has resigned just over a year into job; central bank staff say they are unaware of any changes
Lagarde sticks with tradition and appoints American first deputy
Christine Lagarde appoints a US citizen as first deputy managing director; creates new deputy managing director position for Chinese official
Ireland appoints new deputy governor
Central Bank of Ireland makes Stefan Gerlach new deputy governor
Upheaval at Bank of Israel
New directors of the research and market operations departments; long-serving director of human resources and administration department resigns
King receives 2.5% pay rise
Bank of England 2010 Annual Report shows governor Mervyn King’s starting minimum salary for 2010 increased to £375,000; deputy governors also receive pay rise
Weber gains clearance to join UBS
Eurozone and German central bank give former Bundesbank president Axel Weber green light to join UBS in May
Sudan relinquishes control of financial system in the South
Measures to relinquish control of southern financial system following independence declaration of South State
Euro area needs better coordinated political union: ECB’s Bini Smaghi
European Central Bank executive board member Lorenzo Bini Smaghi calls for more active participation by euro area governments in political union
Lagarde calls for greater legitimacy at Fund
Recently appointed IMF managing director Christine Lagarde lays out preliminary strategy for Fund; says legitimacy and diversity will play key role in future
Hungary’s Simor under fire over financial loss
National Bank of Hungary governor András Simor defends management record after predecessor criticises $224 million loss
Uganda launches early retirement scheme
Two-hundred and fifty employees at the Bank of Uganda have retired as the retirement age is reduced to 55 years old
New deputy governor at RBI
Former Reserve Bank of India executive director Harun Rashid Khan assumes new role as deputy governor
Philippines’ Tetangco sworn in for second term
Central Bank of the Philippines governor Amando Tetangco secures 'unprecedented' second six-year term as head of central bank
Ex-Malaysia assistant governor pleads not guilty
Former Bank Negara Malaysia assistant governor pleads not guilty to two counts of bribery
DSK’s future will ultimately be decided in France, not New York
Speculation that the case against the former IMF managing director Dominique Strauss-Kahn may collapse has reignited the debate of a return to French politics