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King declines bumper pay hike

Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.

Candidates touted to succeed BIS's Knight

Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…

NY Fed revamps organisational structure

The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.

Knight departure prompts BIS governance queries

A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.

BIS chief to leave early

Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.

Japan struggles to fill board vacancies

The ruling Liberal Democratic Party (LDP) has stuck with its controversial nomination of Kazuhito Ikeo to fill one of the two positions on the nine-member policy board of the Bank of Japan.

Fed's Mishkin to step down

Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.

Lord Turner new FSA chairman

Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.

Fund confirms Blanchard appointment

Amidst the departure of several high-ranking staff, the International Monetary Fund has announced the appointment of Olivier Blanchard, the highly respected professor from the Massachusetts Institute of Technology (MIT), as its new chief economist and…

Is Iran's Mazaheri to be replaced?

Sections of the Iranian media have reported that Tahmasb Mazaheri, the governor of the country's central bank, is to be replaced less than nine months after taking the top job.

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