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Governance

King declines bumper pay hike

Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.

Kenya governor caught up in hotel probe

Njuguna Ndung'u, the governor of the Central Bank of Kenya, is reportedly facing allegations of defamation and has become embroiled in investigations into the controversial sale of a Nairobi Hotel.

Candidates touted to succeed BIS's Knight

Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…

NY Fed revamps organisational structure

The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.

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.

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.

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.

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