Central Banking
Yellen appointed President of San Francisco Fed
Janet Yellen was appointed President & CEO of the Federal Reserve Bank of San Francisco this week. She will take up the position in June, succeeding Robert Parry. Yellen served as a Member of the Board of Governors of the Federal Reserve from 1994 to…
Green light for new ECB Board member
The Committee on Economic and Monetary Affairs has voted to recommend that Parliament endorse the appointment of Jose Manuel GONZLEZ PRAMO as a member of the Executive Board of the European Central Bank.
Fed appoints new consumer director
Sandra Braunstein became director of the Federal Reserve Board's division of consumer and community affairs on April 1. She replaced Dolores S. Smith, who retired after 28 years.
Interview with St Louis Fed's William Poole
In a recent interview with USA Today, president of the Federal Reserve Bank of St. Louis William Poole said he doesn't think there's any doubt that there is a lot more confidence than there was a year ago.
BSP warns public over text message scam
Philippines central bank governor Rafael Buenaventura warned the public on Tuesday 13 April against a text messaging-based scam that uses the name of the Bangko Sentral ng Pilipinas (BSP) in a fake raffle which tells people they have won millions of…
Bank heist movie worries Bank of Korea
"The Big Swindle" is just a movie, but the domestic film released this week is giving the Bank of Korea cause for concern over security. Fears are that the movie could encourage people to try and rob the central bank!
Fukui says BOJ/ govt agree on economy
Bank of Japan Governor Toshihiko Fukui said on Friday 16 April that there is no difference between the government and the central bank in their views on the Japanese economy.
Liikanen endorsed as Bank of Finland governor
The Parliamentary Supervisory Council of the Bank of Finland has voted to endorse European Commissioner Erkki Liikanen as the Finnish Central Bank's new governor.
Israel tops for central bankers per head
The Economist magazine reports that the Bank of Israel employs 14 people for each 100,000 Israelis, almost twice as much as in the US.
Malaysia to adopt 2-phase Basel II approach
Malaysia will adopt a 2-phase approach towards the Basel II banking accord, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Fed's Greenspan on capitalizing reputation
In a speech on 'Capitalizing reputation' given on 16 April, Alan Greenspan of the Federal Reserve said companies need to work hard to restore trust in the nation's financial markets and predicted that trust can be restored, but he warned of serious…
Vyugin criticises Russia's rouble policy
The Russian central bank's "protectionist" rouble policy is causing the stock market to overheat and is threatening to create an asset bubble, Russia's top financial regulator said on Thursday 15 April.
CBN's Sanusi launches 'Project Eagles'
Governor of the Central Bank of Nigeria (CBN), Chief Joseph Sanusi, on Thursday 15 April launched the re-engineering and restructuring of the central bank, known as "Project Eagles" with a view to making the CBN one of the world's most efficient and…
ECB publish latest additions to Blue Books
The European Central Bank (ECB) on Friday 16 April published the latest additions to two of its Blue Books, ahead of the 1 May EU enlargement.
Welteke resigns from Bundesbank
Bundesbank president Ernst Welteke resigned Friday after coming under heavy criticism for taking a free hotel stay from a commercial bank. He said in a statement "the disregard for the legally guaranteed independence of the Bundesbank and its…
Stark to succeed Welteke?
Ernst Welteke, head of the Bundesbank, resigned on Friday. The Bundesbank and German Ministry of Finance called his decision "appropriate". Many observers of the affair think that his successor will be Koch-Weser, the ministry of finance official…
Bundesbank appoints corporate governance officer
On 14 April the Executive Board of the Deutsche Bundesbank appointed Professor Theodor Baums of the Johann Wolfgang Goethe University in Frankfurt as Corporate Governance Compliance Officer of the Deutsche Bundesbank.
Sweden's Persson on globalisation
In a speech on 'Globalisation, structural changes and monetary policy' given on 14 April, Kristina Persson of the Sveriges Riksbank said experiences show that it is generally the countries that have accepted globalisation and been quick to adapt both…
RBA's Stevens on regional financial arrangements
In a speech on 'Regional Financial Arrangements: Recent Developments' given on 15 April, Glenn Stevens of the RBA said a key reason for wanting well-developed capital markets is that having a diversity of funding sources for governments, businesses and…
EMEAP central banks announce structure of ABF2
The EMEAP (Executives' Meeting of East Asia and Pacific Central Banks) Group announced the initial structure of the Asian Bond Fund 2 on 15 April.
Noyer says France open to gold sale
Bank of France governor Christian Noyer said in an interview published on Wednesday 14 April that he was open to selling some of France's gold but that the receipts would not go directly to the state.
Brazil cuts rates to 16 per cent
Brazil's central bank cut its benchmark lending rate to a three-year low on Wednesday 14 april to 16 per cent.
Flexible yuan may not ease overheating- IMF
The International Monetary Fund's chief economist Raghuram Rajan said on Wednesday 14 April that it was unclear if any loosening of the Chinese yuan's peg to the dollar would prevent overheating of the Chinese economy.
Too early to judge inflation trend- SF Fed's Parry
Outgoing San Francisco Federal Reserve President Robert Parry said on Wednesday 14 April that the Fed will have to raise interest rates "at some point" to head off inflation, but rising prices are not a concern yet.