Governance
Luxembourg governor becomes victim of deepfake attack
German dialogue and unnatural mouth movements reveal fraud
People: Sri Lanka appoints two new deputy governors
Nithya Navaratnam named deputy head of BIS banking department
MNB posts historic $4.74 billion loss in 2023
Central bank act amendment precludes immediate recapitalisation
Brazilian politicians launch legal action against Campos Neto
Allies of president escalate pressure on central bank as policy-makers opt to hold rates
Expanded IMF mandate presents ‘serious’ challenges, review finds
Independent review finds staff have been overstretched by work on climate, gender and technology
Central banks continue climate action despite political pressure
Reserve managers are expanding green investments, as some incorporate “double materiality”
Swedish government proposes $2.37bn injection for Riksbank
Government proposal falls short of central bank’s request
Two BSP policy-makers resign over scandal, reports say
Officials resigned over “ghost employees” investigation at Philippine central bank, reports say
ECB appoints three senior officials to supervisory board
Irish, French and Portuguese trio to replace current members by the end of the year
Turkish court challenges president over governor dismissals
Presidential adviser says Erdoğan will still be able to sack governors
RBNZ governor in dispute with pro-business group
New Zealand Initiative spars with Adrian Orr over prudential policy
People: April to June 2024
A round-up of central bankers in the news and on the move during the past three months
Swift tests AI-driven fraud detection
Pilot projects aim to detect fraudulent activity and improve information sharing
Maltese governor pleads not guilty to fraud
Prosecutors allege Scicluna failed to challenge suspect hospital deal while finance minister
BoJ pays record profits to government
Central bank contributes $13.8 billion with gains from ETFs and bonds
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