People: ECB names new budget and finance head; long-serving Fed director to retire

Frankfurt: The European Central Bank (ECB) has appointed Roberto Schiavi as its first director-general budget and finance – a role he will take up on March 1.

The directorate-general budget and finance was created following an organisational review. Along with the directorates-general human resources, administration, and information systems, it falls under the responsibility of the ECB's chief services officer (CSO).

Michael Diemer was announced as CSO – also a new post – in October. He said Schiavi, currently the deputy director-general market operations, had a "range of experience" that would "be of great value in the set-up and management" of the new area.

Washington, DC: The Federal Reserve has announced Louise Roseman, director of reserve bank operations and payment systems, will retire "later this year" after more than 30 years working at the board of governors. Roseman joined the board in 1985 and was promoted to director in 1999.

Her division oversees the operations of the 12 Federal Reserve banks; develops regulations and policies governing payment, clearing, and settlement systems; and supervises systemically important market infrastructure, among other duties.

"Louise's vision and energy during a time of rapid technological innovation have contributed enormously to the Federal Reserve's important mission of fostering a safe and efficient payment system," says Fed chair Janet Yellen.

Frankfurt: The European Insurance and Occupational Pensions Authority (Eiopa) named Fausto Parente as executive director on January 28 – subject to the confirmation by the European parliament.

Parente is currently head of the supervisory regulation and policy directorate at Istituto di Vigilanza sulle Assicurazioni, the Italian insurance supervisor. Eiopa praised his "distinguished" career to date.

As executive director, Parente will be responsible for the day-to-day management of Eiopa, the EU's insurance watchdog, as well as the "implementation of its annual and multi-annual work programmes".