Governance
World Bank publishes governance indicators
Several of the world's emerging economies now have better governance standards than their industrialised peers, the World Bank's latest governance indicators reveal.
Tussle forces Tokyo to drop Ikeo nomination
Japan's ruling party will abandon its bid to appoint Kazuhito Ikeo to the Bank of Japan's rate-setting council after the opposition said it would no longer support the move.
Knight departure prompts BIS governance queries
A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.
Czechs hit out at financial disclosure reports
The Czech National Bank has warned that publication of senior employees' financial positions is illegal after press reports emerged detailing the expenditures of senior staff members.
BoJ Americas chief to take director-general role
Tadashi Nunami, the general manager for the Americas and chief representative at the Bank of Japan's New York office, will replace Toshio Idesawa as director-general of the central bank's international department.
BIS chief to leave early
Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.
BoE's Gieve to leave following stability changes
Sir John Gieve, the Bank of England's deputy governor responsible for financial stability, will step down once changes to the Bank's financial stability role are in place.
Chief economist to succeed Lomax as BoE deputy
Charles Bean, the chief economist at the Bank of England, will replace Rachel Lomax as deputy governor responsible for monetary policy when she steps down at the end of June.
When fair value met market turmoil
A new paper from the Basel Committee's Accounting Task Force and Risk Management and Modelling Group looks at how new accounting treatments and techniques stood up in the face of the recent market turmoil.
Ikeo gets the nod as Japanese opposition folds
Kazuhito Ikeo, an economics professor, will join the Bank of Japan's Monetary Policy Council after the country's main opposition party decided to revoke its earlier rejection of his nomination.
Sri Lanka waives ban on foreign accounts
The Central Bank of Sri Lanka will allow foreigners to open accounts with the country's commercial banks in a bid to close the domestic savings gap and foster growth.
Bank of Italy to close eurozone branches
The Paris, Brussels and Frankfurt branches of the Bank of Italy will shut by the end of this year.
Iranian news agency closed over governor reports
The Iranian authorities have ordered Fars, one of the country's biggest news agencies, to shut down for three days following the publication of reports over the future of Tahmasb Mazaheri, the governor of the Central Bank of Iran.
Japan struggles to fill board vacancies
The ruling Liberal Democratic Party (LDP) has stuck with its controversial nomination of Kazuhito Ikeo to fill one of the two positions on the nine-member policy board of the Bank of Japan.
Bank of Canada sells treasury bills
The Bank of Canada has announced that it will sell $1.8 billion of its holdings of treasury bills.
Fed's Mishkin to step down
Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.
Lord Turner new FSA chairman
Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.
Fund confirms Blanchard appointment
Amidst the departure of several high-ranking staff, the International Monetary Fund has announced the appointment of Olivier Blanchard, the highly respected professor from the Massachusetts Institute of Technology (MIT), as its new chief economist and…
Is Iran's Mazaheri to be replaced?
Sections of the Iranian media have reported that Tahmasb Mazaheri, the governor of the country's central bank, is to be replaced less than nine months after taking the top job.
Political spat threatens further BoJ appointments
Japan's main opposition party has rejected yet another candidate for a senior role at the Bank of Japan.
Finland rakes in €10m from property sale
The Bank of Finland has made about €10m ($15.7m) from the sale of an apartment block in the centre of Helsinki.
Former Bank of Italy chief to stand trial
Antonio Fazio, a former governor of the Bank of Italy, will go to court in October to answer questions over his alleged role in a takeover scandal.