Governance

Stark appointed to ECB, Zeitler joins Buba

Jurgen Stark, vice-president of the Bundesbank, has been formally appointed to the European Central Bank's executive board, European Union officials announced Tuesday 23 May, according to the FT.

New MPC member set for grilling

The newest member of the Bank of England's Monetary Policy Committee is likely to face some tough questions when he faces MPs for his "confirmation" hearing on Wednesday 24 May, the FT reported.

Qatar appoints Lord Woolf to regulatory tribunal

Lord Woolf, formerly Lord Chief Justice, is to be appointed as the senior judge for Qatar's new financial centre. He will become the first President of the Qatar Financial Centre (QFC) Tribunal, which he will help establish, and he will preside over…

Work on converging accounting standards must go on

According to this article by Tommaso Padoa-Schioppa, published Friday 19 May, convergence between IASB and US standards is just one step on the road towards high quality, understandable and enforce-able global accounting standards.

Rato appoints committee to study IMF costs

IMF Managing Director Rodrigo de Rato on Thursday 18 May announced the appointment of a committee of eminent persons to provide the Fund with an independent view of the available options for ensuring that it has a sustainable and durable income base with…

IMF's Rato proposes new first deputy MD

Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), on Thursday 18 May proposed the appointment of John Lipsky to the position of First Deputy Managing Director.

Kyrgyzstan approves new central bank chief

Kyrgyzstan's parliament on Thursday 18 May approved by majority vote the appointment of Marat Alapayev as chairman of the National Bank of Kyrgyz Republic, RIA Novosti reported.

Nout Wellink to chair Basel Committee

The Group of Ten (G10) central bank governors and heads of banking supervision said Friday 19 May that they have appointed Nout Wellink, President of the Netherlands Bank, as the new Chairman of the Basel Committee on Banking Supervision.

Plenderleith to be named Sanlam director - report

According to a report, the South African life assurance and financial services giant Sanlam has proposed making former South African Reserve Bank (SARB) deputy governor Ian Plenderleith an independent non-executive director.

Central bank carries out management changes

This article published Sunday 14 May looks at recent management changes that have taken place at the Bank of Uganda (BOU). It quotes the BOU's spokesman as saying that the changes will help the bank meet demands and changes in the financial and monetary…

Interview with RBNZ's Alan Bollard

In comments published on Tuesday 16 May, Reserve Bank of New Zealand governor Alan Bollard said he aims to ensure a soft landing for the economy while keeping inflation in check.

Padoa-Schioppa named as Italian econ min

Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.

Suranyi mentioned as next NBH governor

According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.

Euro critical when Issing goes missing?

Sunday 14 May's Frankfurter Allgemeine Sonntagszeitung contained a portrait of ECB chief economist Otmar Issing under the headline "The preacher". Without Issing the euro could weaken considerably, it said.

RBM to lose 100 staff - report

About 100 people have been earmarked for retrenchment at Reserve Bank of Malawi (RBM) following the central bank's decision to outsource some of its services, The Daily Times reported on its website.

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