Governance
Iraqi PM replaces governor after fraud drives currency fall
Dinar falls after US clampdown on dollar transfers following reports of massive fraud
People: Former PNG central bank governor dies
Bank of Canada appoints non-executive deputy governor; Patra’s term at RBI extended
Eight key elements to managing a central bank
Former governor Peter Nicholl describes eight critical lessons he learned while developing governance and capacity of the Central Bank of Bosnia and Herzegovina
Use of defined project risk and delegated risk metrics declines
Around three-quarters of central banks have distinct institutional risk appetite
Danish National Bank gets new governor
Christian Kettel Thomsen had long career at finance ministry and served as EIB vice-president
Alan Budd: 1937–2023
Economist played key role in establishing BoE’s inflation-targeting framework
Ethiopian PM nominates new central bank governor
“Young technocrat” Mamo Mihretu has served as head of sovereign wealth fund
ISO 31000 remains top framework for risk managers
Majority of banks blend international frameworks with domestic solutions
Federal Reserve chair Powell infected with Covid-19
Illness means he may not be able to attend next rate-setting meeting in person
Some US banks “too big to manage”, OCC head warns
Acting comptroller Michael Hsu says agency may clarify regulation to improve governance
Most central banks still not using GRC systems
AE respondents more likely to favour integrated system versus EME counterparties, in a reverse to 2022
Most central banks track key risk indicators
Few banks consider improving current scope of KRIs, others to unveil soon
European investigators meet with former Lebanese deputy governor
Prosecutor says he will appoint new judge to investigate corruption allegations against Riad Salameh
Fewer than half of central banks have a CRO
Risk management committees more popular, present in more than four-fifths of jurisdictions
Nigerian lawyers call for security service to end pursuit of governor
Former governor was also arrested in case seen as politically motivated, senior lawyer says
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Most central banks completed risk management review in 2022
Overall, 63% of institutions carried out internal audit and management reviews, 48% a external review
Cyber security topples reputational risk as first concern
Overall, close to 39% of institutions place cyber as their top concern, 20% select reputational factors
European judges seek to question Lebanese governor
German and French investigators want to speak to Salameh over money-laundering allegations
Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms
Market and personnel become key rising risks for central banks
Over 47% of institutions highlight one of these two factors as the fastest-growing risk