News
CNB’s Tůma ends term seven months early
Czech National Bank governor to step down in June to stagger terms of board members
Argentina’s Marcó del Pont gets green light but reserves plan fails
Argentine Senate approves Mercedes Marcó del Pont as central bank’s new governor but lower house rejects President’s reserves plan; controversial debt swap to be unveiled
Vietnam lifts loan rate caps to dampen inflation
Vietnamese central bank frees commercial loan rates from base rate to stymie credit growth, new law which would give it more independence under discussion
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday
Stimulus saved Asia, but currency changes crucial: ADB
Asia growth to soar on remnants of stimulus, but currency appreciation and capital controls key to long-term prospects, says Asian Development Bank
Fund relents on capital controls
IMF admits capital controls have a role to play in its latest flagship report overturning long-held position, fleshes out possible capital surcharge framework
Central bank net gold sales fell 80% in 2009
Slowdown in European sales and India's purchase from IMF lead net sales to slump to 41 tonnes says research body
Singapore in surprise tightening
Monetary Authority of Singapore raises centre of exchange rate band, says it will target modest currency appreciation
IMF stockpiles funds for crisis resolution
Fund prepares for the worst with $500 billion in extra funds from a standing borrowing arrangement with selected members
Skrzypek warns Poland against adopting the euro in final remarks
An article written by late president of the National Bank of Poland Slawomir Skrzypek warns against a premature euro entry, his death on Saturday may have implications on the central bank's stance on the single currency
Money market integration biggest casualty of crunch: ECB
ECB’s financial integration report says areas in which most integration was achieved took the hardest hit, but recovery is following similar pattern
Serbia nominates academic for top role
National Bank of Serbia council chief Dejan Šoškić picked by administration to take over after Jelašić’s shock resignation, hints at dovish views
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Greece’s $40 billion bailout an improvement, but issues remain
Markets soothed as firm details of Greek rescue plan are announced, eurozone will provide €30 billion at discounted 5% rate for year forward, analysts less convinced
Poland’s search to find new governor on hold for now
Warsaw remains in mourning over the death of 96 members of its political elite following a plane crash on Saturday morning, in which both President Lech Kaczynski and central bank governor Slawomir Skrzypek were killed
INET: Soros leads calls for reform
Soros argues for financial markets to be understood as a branch of history in order to prevent crises
Iceland’s “grossly negligent” central bankers caused collapse: report
Much awaited parliamentary report singles out seven individuals including Icelandic central bank’s governing board trio as responsible for 2008 collapse of banking sector
Armenian central bank heads for the hills
Some functions of Armenian central bank will relocate to a resort town, slated to be the country’s new financial hub, in 2013
BoJ dissenters deemed measures "inappropriate"
Minutes show disagreements in Bank of Japan's top ranks as country returns to growth despite deep-seated problems
Polish governor killed in crash
Slawomir Skrzypek onboard President's airplane, central bank confirms
Plosser, not Bernanke, the biggest market mover
Philadelphia Fed president Charles Plosser had the largest impact on treasury yields with his speeches last year according to leading consultancy
Bank of Italy bans second credit-card issuer
Move seen by Italian media as indicative of politicisation of money laundering and usury laws
Greek woes worsen as Fitch downgrades and capital flees
Fitch knocks two notches off rating; No solution over what will be done to help country’s banks facing capital flight
SNB’s Roth banked 15% pay rise last year
Jean-Pierre Roth’s pay topped $1m in 2009