Governance
Central bank ‘activism’ risks long-run costs, paper argues
Central banks acting outside their mandate is “never without cost”, law professor says
Ecuador presidential election makes central bank reform likely
President-elect favours measure granting autonomy to central bank
Fed to assess banks’ management during Covid-19
Supervisors evaluating business and operational strategies, cyber security and market risk assessments
IMF-World Bank spring meetings to go virtual
Institutions opt not to bring thousands of delegates to Washington, DC
Ghana launches push to turn banking sector green
New sustainable principles address seven areas of social and environmental issues
Sri Lankan government may not pass central bank reform – adviser
Former governor’s comments come as IMF praises draft law on central bank inflation targeting
IMF issues warning on Kazakh supervisory overhaul
Authorities should be careful not to undermine the supervisory capacity, staff say
Purists lament as most cheer Lagarde as next ECB chief
Lagarde expected to adopt similar philosophy to Draghi at ECB
Carney pledges BoE will shape ‘future of finance’
BoE wants innovation on balance sheet access, SME credit and climate stress tests
Central Bank of Iran may be forced to print money to pay government
Governor warns lawmakers that forcing CBI to pay monthly dividend is unwise
RBI standoff ends in compromise after marathon meeting
Nine-hour meeting ends in agreement, but government extracts concessions on key issues
Malaysia central bank governor resigns
Muhammad quits amid intensifying pressure over land purchase and 1MDB scandals
Philippines central bank launches reorganisation
The effort will take 12 months to complete and includes the creation of new functions
People: Yellen to leave Fed in February; Curaçao names temporary governor
Janet Yellen to step down from Fed board; retirement crisis sees flurry of appointments at Curaçao and Sint Maarten; Carstens hands in chairmanship at IMFC; and more
Philip Turner urges RBNZ to focus analysis on ‘new normal’
Former BIS official gives positive review of RBNZ’s monetary policymaking process
Trump says Yellen still in the running for renewed term
US president says he would consider reappointing Janet Yellen, although others are in contention
Randal Quarles nominated to Fed’s top supervision role
Donald Trump’s pick for vice-chair of supervision viewed as a moderate figure, but critical of Dodd-Frank Act
Bank of England staff vote for strike action
Central bank faces four days of disruption among support staff
UK audit office praises most of BoE’s ‘One Bank’ strategy
Report says Bank of England has been broadly successful in its transformation
BIS rewrites statutes to boost board diversity
Changes reduce the influence of the BIS’s European directors
‘No evidence’ of criminality in BoE crisis auctions
Bank of England given all clear on question of whether financial crisis liquidity auctions were rigged
BoE’s Forbes points to bias among overworked MPC members
Overwork and intense scrutiny may make it harder to take tough decisions, says outgoing MPC member
Silvana Tenreyro picked for BoE MPC
LSE academic to take over from Kristin Forbes
More regulation ‘may not fix problematic conduct’, says Sarb’s Mminele
Deputy governor appeals to the entire financial market to challenge current culture