Governance

Paul Acquah elected chairman of WAMZ

Paul Acquah, Governor of the Bank of Ghana, was unanimously endorsed as the new chairman of the Committee of Governors of Central Banks of the West African Monetary Zone (WAMZ) at its 10th meeting last Tuesday.

Waring appointed to RBNZ Board

New Zealand's finance minister Michael Cullen said on Thursday 18 December that Dr Marilyn Waring has been appointed to the Reserve Bank Board to replace Ruth Richardson whose term expires on 3 February. Waring is currently a Professor of Public Policy…

3,491 opt for early retirement at RBI

The Reserve Bank of India's early retirement scheme, which was introduced recently, has attracted 3,491 applications, according to a Rediff report. The scheme closes at the end of December with official sources saying the "RBI introduced the early…

Peru's central bank chief may face fraud charges

A Peruvian congressional commission voted 6-1 in favour of recommending Congress bring fraud charges against central bank of Peru governor Javier Silva Ruete last Tuesday, according to a Reuters report. The matter refers to Ruete's alleged sponsoring of…

Computer games central bankers play

Computer games aren't just for kids, central bankers play them too. This article published by Bloomberg looks at the recent trend for monetary policy games on central bank web sites. The Bank of Finland has recently developed its own game which Matti…

T&T central bank faces racism case

A powerful organisation of people of Indian origin is to sue the central bank of Trinidad and Tobago, it is reported by PTI. The case apparently centres on Selwyn Cudjoe, a member of the central bank's board of directors, who reportedly made several…

Kansas Fed's Hoenig appointed to Kauffman board

The Ewing Marion Kauffman Foundation's board has named Federal Reserve Bank of Kansas City President Thomas Hoenig as a director, effective immediately, reports the Business Journal. The Foundation supports programs in entrepreneurship and education in…

Calls for RBA board to be 'rejigged'

A National Party Senator has called for the Reserve Bank of Australia's board to be "rejigged" following the RBA's recent rate rise, ABC News reports. He called for the make-up of the Reserve Bank board to be broadened with more rural representation than…

RBNZ appoints 'fresh' face to advisory role

The Reserve Bank of New Zealand has appointed Terry McFadgen as a part-time monetary policy advisor. The RBNZ employs two people as external advisors (the other advisor is Malcolm Bailey) to bring an outside perspective to decision making processes. The…

RBA gets new Assistant Governor, Business Services

The Reserve Bank of Australia has appointed a new assistant governor for business services. The RBA said Dr Bob Rankin would begin the position in January, when current assistant governor Geoff Board moved to head the bank's European Representative…

Banknotes and the glass of water test

Le Duc Thuy, the Governor of the State Bank of Vietnam, had a novel way of proving the durability of Vietnam's new 500,000 dong Australian-made polymer-based banknotes by dipping one specimen into a glass of water to demonstrate, Reuters reports. "People…

New Chairman of the Joint Forum

Gay Huey Evans, Director of Markets at the UK Financial Services Authority, will succeed Jose Maria Roldan as Chairman of the Joint Forum, a group of experts working under the umbrella of the Basel Committee on Banking Supervision in January 2004. She…

Tom Hoenig, from baseball to banking

During a recent visit to a Kansas City school, Federal Reserve Bank of Kansas City President Tom Hoenig reminisced about his early experiences of banking as a 12-year-old baseball fan. He needed $100 to buy new equipment and his father talked a local…

Hardest working man in central banking

The title undoubtedly goes to Jaime Caruana, governor of the Bank of Spain, chairman of the Basel Committee on Banking Supervision, and a member of the governing board of the European Central Bank. The frequent flyer miles are piling up as Mr Caruana…

Trichet the internationalist

Jean-Claude Trichet, the new president of the ECB, has a reputation as a polished performer. He lived up to it at his first press conference in Frankfurt: first praising his predecessor, apologising when consistency necessitated repetition and peppering…

Interview with BNB's Tsvetan Manchev

In an extensive interview published by Capital weekly, the National Bank of Bulgaria's deputy governor Tsvetan Manchev said that the BNB plans to carry out vocational training of its staff in preparation to take an active part in the banking system of…

Does Greenspan deserve another term?

Posing the question, "Does Greenspan deserve another term?" Joseph Salerno, who teaches economics at Pace University, answers with a resounding NO! Not only had the Fed's performance been "outstandingly bad" during the Greenspan years, it says, but the…

Trichet's home sweet home

After stepping into Wim Duisenberg's shoes at the start of November as President of the European Central Bank, it now transpires that Jean-Claude Trichet has also moved into Duisenberg's old house.

IMF eyes replacement for Geithner

Speaking last Friday, 21 November, IMF chief Horst Koehler that said he would appoint Mark Allen to replace Tim Geithner, who is now President of the Federal Reserve Bank of New York, according to Reuters. If approved by the IMF's executive board Allen…

St Louis Fed to lose over 130 staff

President of the St Louis Fed, William Poole, has said that the bank plans to close its Louisville branch next year, according to The Courier Journa, with staff numbers of 140 reduced to less than ten. The branch will maintain a board of directors in…

Central bank finest go East

After retiring from the Bank of England Sir Edward George joined the boards of NM Rothschild, Grosvenor, the Duke of Westminster's property group and Swiss confectioner Nestle, swapping gold bars for chocolate bars in the process. But now Sir Eddie, and…

New Vice Governor at BEAC

The Bank of Central African States, the central bank for Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon has appointed Pacifique Issoibeka as its new Vice Governor. Issoibeka joined the BEAC in 1973.

Is the Reserve Bank of India overstaffed?

India is a country well known for its huge population. But this article in Business Standard asks whether the Reserve Bank of India is itself overpopulated. The lower-rung jobs that form the bulk of its strength can be significantly cut down, it says.

Broaddus of Richmond Fed announces plan to retire

J. Alfred Broaddus, Jr., president of the Federal Reserve Bank of Richmond, announced on Thursday 13 November that he plans to retire on August 1, 2004, according to Associated Press. He turns 65 next July. 'It has been a great privilege to serve the…

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