Governance
Book notes: Balance of power: central banks and the fate of democracies, by Éric Monnet and translated by Steven Rendall
This short book offers partial insights, but ultimately underwhelms
RBI launches platform to digitise regulation
Central bank also launches mobile app to buy and sell government securities
Beth Hammack named new Cleveland Fed president
Former Goldman Sachs executive will vote on Fed policy in 2024
BSP policy-makers’ staff resign over absence allegations
Philippine central bank says an internal probe identified six staff and disciplinary proceedings are ongoing
RBI payout to Indian government more than doubles
Dividend boosts public finances as new government set to take office in early June
Bank of Israel to offer banking licence to credit card companies
New entities will be allowed to operate with “more lenient” regulations, supervisor says
FDIC chair Gruenberg steps down after harassment review
Hundreds of reports of inappropriate behaviour at FDIC have come to light
Bank of England to increase staff in regional office
Seven-fold expansion of Leeds employees will widen talent pool and improve trust, BoE says
Bank of Korea reserves chief promoted to deputy governor
Kwon Min-soo has overseen substantial growth and diversification of the reserves portfolio
Riksbank’s Thedéen to be next Basel Committee chair
Current chair Hernández de Cos stepping down as Bank of Spain governor in June
People: RBI appoints senior officials
Liz Oakes to join Bank of England FPC; European Central Bank names head of information systems
Maltese prosecutor charges central bank governor with fraud
Scicluna previously denied all wrongdoing while serving as finance minister
Bundesbank’s Nagel: central bank business models are changing
Panetta says wholesale CBDC likely to launch sooner than retail; Das gives update on digital rupee
Book notes: Virtuous bankers: a day in the life of the 18th-century Bank of England, by Anne L Murphy
A bottom-up account of how clerks managed operations and enhanced the BoE’s reputation
Former head of PBoC’s digital currency arm under investigation
Probe comes after Beijing launched a three-month anti-graft inspection
ECB staff speak out against changes to internal survey
“Dignity at work” survey to be followed up later, central bank says
Trump advisers aim to curb Fed independence, report says
WSJ says leaked document discusses sacking Powell and giving Trump vote on policy
Thai prime minister tells lenders to cut interest rates
Move comes amid continued tensions between government and central bank
French president calls for expanded ECB mandate
“We cannot have a monetary policy solely focused on inflation,” Macron says
Governance Benchmarks 2024 – model banks analysis
Additional breakdowns of the data reveal details of central bank powers, staffing and more
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
Governance Benchmarks 2024 report – central banks’ core processes
The benchmarks shed light on central bank profitability and distributions, independence and more
IMF appoints Georgieva for a second term
Unilateral decision comes three years after “Doing Business” controversy
Vietnamese court jails former central bank officials for bribery
State Bank of Vietnam’s ex-senior supervisor avoided death penalty by returning bribes, court says