Governance
Central banks usually transfer profits to governments
But many central bank respondents did not share profits in the last financial year
US Senate to vote on Cook’s Fed governor nomination
Republicans continue opposition to Biden’s nominee but Democrats force full vote
Minority of central banks worry over independence
Most central banks say law protects them, but some say changes are needed
European authorities freeze Lebanese governor’s assets
Riad Salameh one of “five main suspects” subject to €120 million asset seizures, say prosecutors
Role of boards differs widely across central banks
All benchmark respondents have boards, but powers and responsibilities show great variety
More central banks have diversity and sustainability policies
But these policies remain less common than codes of ethics and whistleblower policies
Heads of state often play key role in governor appointments
Benchmark respondents say governors’ terms last four to seven years
Mexican president leaks news of central bank’s rate hike
López Obrador reveals 50bp rise hours before monetary policy announcement
Ida Wolden Bache becomes Norges Bank governor as MPC raises rates
Jens Stoltenberg steps down from role due to Ukraine crisis
Board sizes vary widely across central banks
Board terms average around five years and non-executive directors are common
Korean president names new central bank governor
Rhee Chang-yong is currently IMF Asia-Pacific director
Rich countries’ central banks less likely to manage sovereign debt
Practice is more common among middle and lower income countries, and in Africa and the Americas
Three-quarters of surveyed central banks answer to parliaments
Held accountable: benchmark responses on how central banks report on their activities
Mexican financial institutions create gender equality committee
Eleven public and private institutions join initiative promoting women’s participation in the economy
Governor salaries range as high as $1 million
Base pay tends to rise with GDP per capita, but there is wide variation, benchmark data shows
Kuwait’s government names new central bank governor
Basel Al-Haroun will begin five-year term on April 1
People: Sarb appoints new Prudential Authority chief
New Malaysian assistant governor to take office in April, and RBNZ hires chief economist
Central banking in occupied Ukraine: what might happen?
How Russian authorities might deal with banking and currency in occupied Ukraine
US lawmakers approve vote on four Fed nominations
Senate Republicans end boycott after Raskin withdraws bid, but oppose Lisa Cook
Raskin withdraws Fed candidacy
Nominee cites “relentless attacks by special interests” after key senators oppose bid
Raskin Fed role in doubt as key senators voice opposition
Manchin says appointment would “politicise” Fed with opposition to fossil fuels
Court will not suspend Carrasquilla appointment to Colombian central bank
Lawyers allege appointment is form of state capture and violates gender quota law
Riksbank activates wartime deployment for permanent staff
Swedish central bank aims to maintain key operations in an “increased level of preparedness”