Governance
Noyer to chair BIS board
Banque de France governor succeeds Guillermo Ortiz as chairman of Bank for International Settlements’ board
ECB surplus drops more than 16%
European Central Bank reports a €2.218 billion surplus, and a €2.25 billion profit, pinning fall in interest income to low rates on dollar assets
Norway’s wealth fund smashes profit record
Norway’s Government Pension Fund–Global sees a 25.6% return on its investments for 2009, trumping the benchmark portfolio by more than four percentage points
Swiss stabfund losses wipe out UBS equity
Revaluation wipes more than $5.6 billion off the value of SNB’s toxic-asset portfolio
Argentine Senate set to reject governor
Central bank set to be leaderless again after committee vote against Fernández ally
Lawmakers clash over Fed role in consumer protection
Senior Democrats infuriated over possible revision to regulatory reform bill that would keep consumer protection under the Fed, against original promise
Fernández’s central bank raid finally succeeds
Hours after admitting defeat on emergency decree, President Fernández plunders central banks reserves through new measures
Philadelphia Fed appoints new VPs
Central bank shifts roles after senior vice president Richard Lang announces decision to step down
Kohn to leave Fed in June
Federal Reserve’s Don Kohn to depart once his term as vice chairman ends
Argentine president drops efforts to plunder reserves
President Fernández abandons plans to raid central bank’s coffers to repay national debt for now
Last survivor of Bretton Woods dies
IMF managing director calls Jacques Polak an “iconic figure”
Macklem named Canadian senior deputy
Tiff Macklem to move back to central bank to take on role vacated by Paul Jenkins
Shogo Ishii to head IMF’s Asia office
Current head Akira Ariyoshi to take up academic post in Hitotsubashi University
Argentine court blocks debt repayment fund
Appeals court thwarts Argentine president Cristina Fernández’s decree by upholding injunction against the forced transfer of central bank reserves to bondholder repayment fund
FT Fed watcher to head NY Fed communications
Financial Times’s Krishna Guha to succeed Calvin Mitchell as executive vice president for communications
Ex-Bank Indonesia head accused over bailout
Inquiry into bailout of Century Bank raises questions into Bank Indonesia’s handling of regulation; allies of president round on former central bank governor and finance minister
South Africa’s Marcus strikes back at “misleading distortions”
South African Reserve Bank governor Gill Marcus rebuffs report that she had branded calls for nationalising the central bank “nuts”
PBoC deputy named IMF special adviser
Zhu Min to join the International Monetary Fund in late spring
Ex-Sarb’s Mboweni to chair AngloGold Ashanti
Former South African Reserve Bank governor Tito Mboweni appointed chairman of gold mining company
Former Hungary governor “prepared” to return to government
Ex-National Bank of Hungary chief Zsigmond Járai says he is ready to accept a post in new government if opposition wins upcoming election
Mauritius’ deputy standing in as governor faces probe
Yandraduth Googoolye acting governor at Bank of Mauritius as former head faces parliamentary enquiry into allegations of abuse of power