People
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Fintech and the future – Improving financial literacy
Li Dongrong, president of the National Internet Finance Association of China and former deputy governor of the People’s Bank of China, explains how financial technology can aid sustainable growth, transform the structure of financial markets and promote…
Search on for Mark Carney replacement
Treasury begins search for new BoE governor, as Carney’s term will not be extended again
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Austrian central bank gives strong warning on draft regulation law
Changes would harm balance and efficiency and increase influence of special interests – OeNB
People: Saunders and Kashyap reappointed to BoE committees
BoE reappoints its most hawkish member to Monetary Policy Committee; RBNZ gains new chief economist; ESM appoints new audit board member
Brexit muddies water in search for Carney replacement
UK chancellor says candidates are put off by the thought of having to debate politics
Cain may not be able to pass US Senate hearings
Herman Cain likely to be rejected, but Stephen Moore’s chances still unclear
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Internationalising renminbi – Hong Kong leads the way
Hong Kong’s advantages in technology, talent and infrastructure make it best placed to form the primary transaction and risk management network for the overseas offshore renminbi market, argues Zhou Chengjun, IFF Academic Committee member and deputy…
Yellen weighs in on Trump’s potential Fed nominations
Those “who come with a political view” may not get much traction at FOMC meetings, Yellen says
ECB nominates Yves Mersch to supervisory board
Lautenschläger gains new responsibilities on governing council; Mersch must be approved by European Parliament and will retain legal portfolio
Somali government appoints new central bank governor
Former adviser to the prime minister must continue rebuilding the central bank in the war-torn country
The IFF China Report 2019: New globalisation – The path to the future
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.
Trump plans to nominate second loyalist to Fed board
Herman Cain has strongly supported a return to gold standard in the past
Bank of Italy confirms Panetta as senior deputy after clashes with government
Two new deputy governors also appointed after dispute with coalition government
Cypriot president appoints new central bank governor
Current governor’s term will not be renewed after clashes with government
Nigerian central bank cuts rates as governor’s future remains unclear
Pressures on emerging markets are major factor behind rate cut, MPC says
Irish finance minister seeks candidates for governor role
Senior civil servant seen as strong contender but has been criticised for pre-crisis optimism
Carolyn Rogers to take over as Basel Committee secretary-general
William Coen to step down this year after 20 years with the committee
People: Malpass emerges as sole candidate for World Bank president
Bank of England extends Martin Taylor’s time on financial policy committee
People: Rajan keeps options open on BoE top job
Rajan leaves open possibility of taking on BoE governorship; Al Hamidy reappointed at Arab Monetary Fund; government observer joins RBNZ MPC meetings; and more
Slovakian president says new governor must give up party ties
Finance minister Peter Kažimir says he will resign parliamentary seat soon
People: EBRD appoints new chief economist
Slovakia and Sweden reappoint board members; Spain names new director-general of services