Governance
Argentina’s Redrado resigns
Argentine central bank governor gives in after three-week stand-off with the country’s president, government says it does not accept resignation
Former T&T governor blasts successor
Former governor of the Trinidad and Tobago central bank Winston Dookeran criticises current head Ewart Williams, saying his economic forecasts are out of touch
Senate backs Bernanke for second term
Lawmakers vote 70 to 30 in favour
Frank says Fed presidents shouldn’t vote on policy
Head of House Financial Services Committee labels heads of regional Federal Reserves “private citizens selected by other private citizens”
NY Fed misrepresented French AIG position: Tarp overseer
Tarp overseer Neil Barofsky says Commission Bancaire would have helped secure haircuts from French counterparties of American International Group; comments contradict earlier claim by New York Fed
Geithner passes buck on AIG
Treasury Secretary says he did not make the decision to pay American International Group’s biggest counterparties 100 cents on the dollar
Denmark names professor new economics head
University of Copenhagen’s Peter Birch Sørensen to move to the National Bank of Denmark in April
Keep the Fed away from politics: Dallas’s Fisher
Dallas Fed president Richard Fisher says allowing Congress to audit the Fed would be comparable to the governance crises of Weimar Germany and pre-Péron Argentina
Redrado barred from central bank by police
The fall out between Argentine central bank head Martín Redrado and President Cristina Fernández escalates as police are posted outside the central bank to prevent him entering
Zimbabwe’s central bank ‘technically insolvent’: reports
Local media sources report that Zimbabwe’s central bank is bankrupt after high court judge orders that its property be attached to unpaid debts
Former Bank governor dies
Ex-Bank of England chief Lord Richardson passes away
Senior lawmaker calls for SARB nationalisation
African National Congress official says the South African Reserve Bank, one of the few privately-owned central banks, should be nationalised; comments seen as part of encroaching politicisation of policy
Fiji names two new executives
Reserve Bank of Fiji makes Lorraine Seeto advisor to the governor’s office and Esala Masitabua chief manager of financial institutions
NY Fed names new minder for AIG portfolio
Federal Reserve Bank of New York's new special investments management group will oversee its American International Group (AIG) and Maiden Lane III portfolios
SARB – an official history
The South African Reserve Bank publishes an account of its history, functions and institutional structure
Nigeria imposes limit on bank chiefs’ terms
Nigerian central bank says bank heads will have a maximum of ten years at the top, law to be backdated to 2000
Fed’s Dudley shoots down “audit” bill
William Dudley, president of the New York Fed, dismisses calls for greater scrutiny as threat to independence in policymaking
Fed retort: nothing to hide on AIG
Ben Bernanke, chairman of the Federal Reserve, invites the government to audit the central bank’s dealings with AIG; NY Fed submits 250,000 pages of evidence to Congress
Merger has begun confirms Irish CB
Ireland’s central bank says preparations for full integration with regulator have started as proposed legislation gathers steam