Governance

Stark tipped as Issing's replacement at ECB

Germany wants to hold its seat on the European Central Bank's executive board and could nominate Bundesbank Vice President Juergen Stark to replace Otmar Issing next year, Deputy Finance Minister Thomas Mirow said in an interview this week.

Greenspan saves the world again

Federal Reserve chairman Alan Greenspan attended his final G7 meeting in his official capacity last weekend. He receives various tributes, honours and gifts, including a cartoon depicting him as a goal keeper.

How the Fed should steer the Bernanke transition

According to this article published on Monday 28 November, the minutes of the latest Federal Open Market Committee meeting, released last week, suggest the Federal Reserve is having some difficulty handling the transition to a new chairman.

Crisis solved, but Reserve still political

According to this article published on Saturday 3 December, the Howard Government has practised classic crisis management on its problem with the Reserve Bank of Australia's board. This protects the Government and the Reserve Bank from further…

Interview with Bank of England's Walton

Speaking in an interview published on Wednesday 30 November, the most recent member of the Bank of England's Monetary Policy Committee, David Walton, said the Bank of England should not rush to move interest rates until it has a clearer idea of whether…

State Bank of Pakistan governor retires

The governor of the State Bank of Pakistan, Dr Ishrat Husain, retired on Thursday 1 December. Tawfiq A. Husain was appointed as acting governor with effect from Friday and till the appointment of a regular governor.

Interview with Brandon Davies on risk management

In an interview published on Thursday 1 December, Brandon Davies, managing director of the Global Association of Risk Professionals, speaks about the implementation of Bank Indonesia's five year training program to raise risk management standards.

RBA's Gerard resigns from Board

Australian businessman Robert Gerard resigned from the Reserve Bank of Australia's interest rate setting Board on Friday 2 December, four days after reports he had to pay $150 million ($111 million) to settle a tax dispute.

The Bernanke Files

Since the White House announcement on 24 October, the Financial Markets Center has published a detailed package of four pieces on Ben Bernanke's nomination as Federal Reserve Chairman.

Richmond Fed directors re-appoint FAC member

G. Kennedy Thompson - chairman, president and CEO, Wachovia Corp., Charlotte, N.C. - was re-appointed on 18 November as the Fifth Federal Reserve District's representative on the Federal Advisory Council for 2006.

Germany supports former Polish PM as OECD chief

Outgoing German Chancellor Gerhard Schroeder said recently that both he and designated chancellor Angelor Merkel supported former Polish Prime Minister Marek Belka as the new chief of the Organization for Economic Cooperation and Development.

Fed nominee's life rooted in numbers

The background and upbringing of Federal Reserve nominee Ben Bernanke is detailed in depth in this article published this week. From his counting ability at aged 3, to his decision to study economics rather than majoring in English at Harvard. While…

Interview with ECB's Quaden

In an interview published on Tuesday 22 November, European Central Bank Governing Council member Guy Quaden said the ECB needs to tackle the problem of negative real interest rates in Europe, but this does not mean slamming the brakes on growth.

Interview with Richmond Fed's Lacker

In an interview published this week, Federal Reserve Bank of Richmond President Jeffrey Lacker said that as far as he is concerned it is clear "we're not done removing accommodation," suggesting US interest rates have further to rise.

Interview with ECB's Trichet

In an interview published on Thursday 24 November, European Central Bank President Jean-Claude Trichet said he doesn't foresee "repeated" rises in eurozone interest rates.

Plenderleith to retire from SARB

South African Reserve Bank deputy governor Ian Plenderleith will retire at the end of his three-year contract on 31 December 2005, an SARB spokesperson was quoted as saying this week.

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