Organisation
ESM’s Pacciani says public bodies must balance risk and mission
Public institutions must meet their mandates without losing sight of sound risk management, the chief risk officer says
RBNZ HQ closes for three months after renewed asbestos scare
Around 200 RBNZ employees are again displaced from the Wellington office, following a similar evacuation in May
Bank of England forms new enforcement committee
Six-member committee will rule on contested enforcement cases
NZ parliament formally launches central bank review bill
The bill is now at the select committee stage, which usually takes around six months
Maldives targets forex shortage with new strategic plan
Central bank wants to tackle dollarisation and forex shortages, and may shake up governance
South African governor warns against nationalisation
Call comes as Sarb’s senior lawyer accuses government ombudsman of lying under oath
T&T central bank establishes formal whistleblowing policy
Employees now have an official framework for reporting incidents anonymously
Malaysian central bank reshuffles senior staff
Supervision function will be strengthened and critical departments will have simpler reporting line
RBNZ plans update to monetary policy and prudential regulation
Changes are among several priorities outlined in 2018–21 statement of intent
Report proposes mandating BoE to target productivity growth
UK opposition says BoE should not have to rely on interest rates to lower inflation; 3% productivity target would help push prices down, report says
Philippines central bank launches reorganisation
The effort will take 12 months to complete and includes the creation of new functions
Staff begin return to RBNZ HQ after asbestos scare
Central bank has been in “business continuity mode” but some staff have now returned
Bank of Uganda governor hits back at mismanagement claims
Central bank and government ombudsman are locked in conflict over a staff reshuffle
Fed’s Harker: diversity and inclusion ‘are not add-ons’
Philadelphia Fed president stresses commitment to ethnic and gender diversity in a report to Congress
South Africa’s ‘twin peaks’ regulatory model goes live
Sarb takes control of prudential regulation and new conduct regulator opens its doors
Bank of Canada building systems back-up outside Ottawa – annual report
Cyber risk is becoming “a top priority”, Poloz says
Incoming RBNZ governor signs deal on new mandate
Agreement establishes dual mandate in the birthplace of inflation targeting; government reveals more details on changes to decision-making structure
‘Tilting’ building forces Seychelles central bank tenants to relocate
Central bank annex shows signs of “tilting” due to construction work nearby; tenants asked to immediately relocate
CNB ramps up financial stability department role
Central bank “elevates” the department in its governance structure to reflect its growing importance; hikes countercyclical buffer amid lending boom
Bank of England operations could leave London under Labour government
Report envisages BoE’s regional offices becoming part of national investment strategy; inflation mandate could also be changed
PNG’s Bakani defends board’s overseas travel expenses
Governor crosses swords with predecessor, who claims decision to hold board meeting overseas makes Bakani unfit to lead the central bank
PNG governor stands firm on independence from government
Bakani hits back at claims institution has become a “puppet”, noting his appointment was confirmed after “rigorous scrutiny”
Philip Turner urges RBNZ to focus analysis on ‘new normal’
Former BIS official gives positive review of RBNZ’s monetary policymaking process, but recommends the central bank focus its efforts on understanding changing economic structure
UK audit office praises most of BoE’s ‘One Bank’ strategy
Report says Bank of England has been broadly successful in its transformation, although there have been some delays and changing culture is a long-term challenge