News
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.
Internal audit pans IMF governance
The Independent Evaluation office (IEO), the internal audit unit of the International Monetary Fund (IMF) has published a strongly critical report on the Fund's governance and called for "major changes".
Mboweni talks tough on rates
Tito Mboweni, the governor of the South African Reserve Bank, said that the central bank's monetary policy committee has discussed the impact of a 200-basis-point hike.
Trichet still sees "accumulation of shocks"
Jean-Claude Trichet, the president of the European Central Bank (ECB) said in an interview with L'Express, a French magazine, current market conditions amount to "an accumulation of shocks that is clearly not over."
SWF task force touches down in Middle East
A task force of the United States Congress, charged with gaining more insight into sovereign wealth funds, has touched down in the Middle East and is visiting a number of the region's funds.
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…
Brazilian SWF: on or not?
The status of the Brazilian plans to establish a sovereign wealth fund has become clouded following reports of conflicting views in the government.
Norway holds rates as inflation creeps up
Norway's central bank kept its policy rate at 5.5% in the face of above-target inflation, concerns over continued market turbulence and signs of slowing growth.
Poland leaves rates unchanged
The ten-strong rate setting council of the National Bank of Poland voted to keep its reference rate at 5.75% as inflation fell but remained above target.
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.
Political spat threatens further BoJ appointments
Japan's main opposition party has rejected yet another candidate for a senior role at the Bank of Japan.
Netherlands to probe effect of bankers' pay
The Netherlands Bank is to scrutinise the impact of bankers' bonuses on risk taking, the governor of the institution has said.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Finland rakes in €10m from property sale
The Bank of Finland has made about €10m ($15.7m) from the sale of an apartment block in the centre of Helsinki.
Former Bank of Italy chief to stand trial
Antonio Fazio, a former governor of the Bank of Italy, will go to court in October to answer questions over his alleged role in a takeover scandal.
Norwegian SWF in the red for Q1
Norway's Government Pension Fund - Global recorded a loss of 5.6% for the three months to March on the back of the slump in global equity markets.
Likely Greek governor leaves commercial bank
George Provopoulos, the favourite to succeed Nicholas Garganas at the helm of the Bank of Greece, has resigned as chief executive of Piraeus Bank.
Spreads a poor gauge of crisis: Canada's Carney
Existing measures of interbank spreads are an unreliable way of measuring the effectiveness of central bank intervention in alleviating money-market tensions, said Mark Carney, the governor of the Bank of Canada.
De La Rue could sell cash systems division
De La Rue, the biggest private printer of banknotes, is considering the sale of some of its cash systems division.
Ex-Tanzanian governor Ballali dead
Daudi Ballali, the former governor of the Bank of Tanzania who was sacked in January, has died.
Iceland confounds expectations with rate hold
The Central Bank of Iceland surprised markets on Thursday, opting to hold rates, rather than raise them.
Swiss Re's Raaflaub to head new regulator
Patrick Raaflaub, the head of group capital management at Swiss Re, a reinsurance company, will direct Switzerland's new super regulator the Financial Market Supervisory Authority (FINMA).
Central banks must burst bubbles: Soros
George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.
Pakistan raises rates 150bp
The State Bank of Pakistan hiked rates to 12% on Thursday.