Governance

BOK sees salaries soar

The Bank of Korea said in a report to the National Assembly that average annual salary has jumped by 46 percent in the last four years.

Bomb threat at SARB

The South African Reserve Bank's head office received a telephoned bomb threat from an anonymous caller between 12 and 12.30 on Friday 17 September, but national payment systems and market operations were not affected.

Removal of BOZ governor 'should be by tribunal'

In a written submission to Zambia's Constitution Review Commission, the governor of the Bank of Zambia Dr Caleb Fundanga said the removal of a central bank governor from office should be by a tribunal constituted by the Chief Justice.

China to appoint new securities mkt chief

China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.

Gono goes to China

The Reserve Bank of Zimbabwe's embattled governor Dr Gideon Gono is believed to be in China to finalise talks on closer ties with his counterpart, the governor of the People's Bank of China.

Argentina's Redrado to be appointed cb president

Argentine Foreign Minister Martin Redrado, a former securities regulator, will be appointed central bank president after President Nestor Kirchner decided not to renew Alfonso Prat-Gay's term, which expires next week, Cabinet Chief Alberto Fernandez said…

Bank of Israel staff to get medals

The Bank of Israel is to spend NIS 320,000 on medals to be awarded to all members of staff in commemoration of the central bank's Jubilee year, Haaretz reported. However, a planned celebration for staff and retired workers was cancelled, the report said.

Former RBA chief criticises PM on rates

Former Reserve Bank of Australia governor Bernie Fraser said in an interview he expects interest rates to rise straight after the election, partly because of what he sees as the lax budgetary policies of the Howard government.

Juncker confirmed as Mr Euro

Luxembourg Prime Minister Jean-Claude Juncker was named on Friday 10 September as the first "Mr Euro", a political figurehead to represent the 12-nation eurozone.

Eichel raps Bundesbank over stability pact

German Finance Minister Hans Eichel rapped the Bundesbank on Friday 10 September for its recent criticism of the EU's proposed changes to the stability and growth pact in a press release titled "Do not weaken the Stability and Growth Pact".

Brazil's Meirelles given cabinet status

The president of the Central Bank of Brazil, Henrique Meirelles, has been granted cabinet status in a further development to allegations of his financial misconduct by the national press.

Interview: Christian de Boissieu

Professor de Boissieu is head of the economic advisory council attached to the French prime minister’s office. In this exclusive interview he explains how Europe’s economic rules should be rewritten. Interview by Robert Pringle.

Peru's Silva may head for IMF

Chairman of the Central Bank of Peru, Javier Silva Ruete, may leave his job and head for the IMF in Washington, Gestion newspaper reported this week, citing Economy and Finance Minister Pedro-Pablo Kuczynski.

Interview with ECB's Lucas Papademos

In an interview published by Il Sole 24 Ore this week, vice President of the European Central Bank Lucas Papademos said that since last April the ECB has preferred to cease using the word "appropriate" so as to dispel the impression that had prevailed in…

Goh becomes chairman of MAS

Lee Hsien Loong, who became Singapore's third prime minister on Thursday 12 August, will remain as finance minister, but his predecessor Goh Chok Tong is to take over as chairman of the Monetary Authority of Singapore.

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