Governance
Four former governors join Central Banking’s advisory board
Joseph Yam, Y.V. Reddy, Don Brash and Ludek Niedermayer join Central Banking Publications editorial advisory board
Ukraine President in bid to strengthen central bank independence
Ukraine’s President Viktor Yanukovych submits draft bill to enhance central bank’s independence; measures lengthen governor’s term, increase number of deputies and prohibit party membership
ECB attacks Bucharest over central bank pay cuts
European Central Bank criticises Romania’s decision to impose wage cuts on central bankers after its government failed to consult Frankfurt
Founding MPC member leaves UK fiscal watchdog after three months
Office of Budget Responsibility head Sir Alan Budd steps down after barely three months on the job
Bangkok names new central bank governor
Thailand’s cabinet selects former Securities and Exchange Commission chief Prasarn Trairatvorakul to take over as central bank head; markets, analysts welcome announcement
Malaysia’s Ibrahim calls for greater harmonisation in Islamic finance
Bank Negara Malaysia deputy governor Dato' Muhammad bin Ibrahim says companies can make efficiency gains through greater cooperation within Islamic finance industry
Netherlands’ Wellink survives resignation calls
Calls for Netherlands Bank governor to quit followed damning report into the central bank’s handling of failure of DSB
Iran’s central bank needs greater independence: research group
An Iranian research centre says Iran’s central bank requires greater autonomy from government if it wants to battle inflation
Central bank bill passed by Ireland’s lower house
Dáil TDs approve bill which will merge central bank and financial regulator by slim majority
Interview: Sanusi Lamido Sanusi
The governor of the Central Bank of Nigeria discusses banking reform, the Volcker rule, and the role of lenders in society
EXCLUSIVE: Nigeria’s Sanusi explains banking sector bloodletting
Nigerian central bank chief Sanusi Lamido Sanusi explains why he had to “decimate” opposition to his sweeping bank reforms; says Volcker rule poses no conflict with the true task of banks
Klaus Regling to head euro bailout vehicle
German economist and former director general Klaus Regling to head European Financial Stability Facility set up to bail out troubled eurozone states
Crisis shed light on corporate governance challenges: Bank’s head of risk
Bank's chief of risk oversight Steve Miller says questions have emerged on corporate governance issues, ranging from accountability of bank boards, to directors’ understanding of their products
EXCLUSIVE: Pick and choose from social media tools: BIS’s Laurmaa
Bank for International Settlements’ head of web publishing Timo Laurmaa says Twitter more beneficial to profit-making companies; short releases help when reaching out to wider-than-usual audience
EXCLUSIVE: We must accept central banks’ limitations, says Fed’s Plosser
Philadelphia Federal Reserve president warns mistaken view of central banks as omnipotent risks damaging their credibility
Canada names Goldman banker as governor’s adviser
Goldman Sachs’ Canadian chief executive officer appointed special adviser to the governor
Second UK FSA managing director quits
British regulator announces the second resignation of a top-level official within the month; head of banking supervision Jon Pain says no role for him in new supervisory structure
Canada’s Carney named CGFS chair
Bank of Canada governor Mark Carney to step into Federal Reserve vice-chairman Donald Kohn’s shoes and head Basel-based Committee on the Global Financial System; follows Kohn’s retirement
Czech rate-setter Tomšik promoted to vice governor
Czech National Bank chief executive director Vladimír Tomšik named second vice governor; economist Kamil Janáček gets Tomšik’s vacated director role, completing rate-setting board