News/Governance
ECB opinion on new Executive Board member
At a meeting on Friday 18 March, the Governing Council of the ECB adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of the Executive Board of the ECB.
Zhou Xiaochuan appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements announced on Monday 7 March that Zhou Xiaochuan, Governor of The People's Bank of China, will become Chairman of the BIS Asian Consultative Council (ACC).
BIS appoints Gunter Pleines to head Banking Dep't
The Board of Directors of the Bank for International Settlements announced the appointment of Gunter Pleines as Head of its Banking Department on Monday 7 March. His appointment takes effect on 1 April 2005 and is for a five-year term.
Phil Fed's Santomero on post-Greenspan era
In an interview published this week, Anthony Santomero of the Philadelphia Fed told Handelsblatt he does not fear any trouble in the financial markets when Alan Greenspan leaves office at the beginning of 2006. "It is understandable that the markets ask …
China fires PBOC official for gambling
The People's Bank of China has sacked the head of a local branch in northeast China's Jilin province for gambling, China News Service reported, without citing sources.
South Korean finance minister resigns
South Korea's finance minister resigned on Monday 7 March over media allegations about his involvement in lucrative real estate deals.
Rock star Bono could be World Bank president
The latest rumour on the World Bank job has U2 rock star Bono lined up for the role. US Treasury Secretary John Snow described him this week as a kind of "rock star of the development world".
Former central banker named Portugal's fin min
Portugal's Prime Minister-elect Jose Socrates named Luis Campos e Cunha, a former central bank deputy governor to the post of finance minister this week.
Richmond Fed names new Director of Research
John A. Weinberg was named director of research and senior vice president of the Federal Reserve Bank of Richmond on Thursday 10 March.
Philippines' Tetangco on the future of the peso
In an interview published this week, Bangko Sentral ng Pilipinas Deputy Governor Amando Tetangco said looking at the fundamentals and technical signs, the peso is poised for further appreciation. Tetangco was recently named as the replacement for…
Zimbabwe's Gono on unorthodox challenges
In an interview published on Thursday March 10, Reserve Bank of Zimbabwe Governor Dr Gideon Gono said the country is going through a turnaround that demands unorthodox ways of dealing with unorthodox challenges. The job is not one of making friends with…
Election to Danmarks Nationalbank's Board
Denmark's Folketinget (Parliament) has elected Mr Svend Erik Hovmand to the Board of Directors of Danmarks Nationalbank until 31 March 2006.
Bini Smaghi formally proposed to ECB board
Eurozone finance ministers on Tuesday 8 March formally proposed Lorenzo Bini Smaghi, a senior Italian economics official, as the next member of the European Central Bank's executive board.
Interview with ex-RBI chief Bimal Jalan
In an interview published this week, former governor of the Reserve Bank of India Bimal Jalan said interest rates will be soft as the inflation situation is okay and the foreign exchange reserve position is also comfortable.
Bank of Canada announces 2005 Research Fellowship
The Bank of Canada announced on Wednesday 2 March that Professor Paul Beaudry of the University of British Columbia is the recipient of the Bank's Research Fellowship for 2005.
Ukraine appoint central bank exec director, deputy
Oleksandr Tolstoy has been appointed the executive director of the National Bank of Ukraine, according to Ukrainian news agency UNIAN.
New French finance minister installed
Thierry Breton arrived for work on Monday 28 February as France's fourth finance minister in less than a year following the resignation of Herve Gaymard last week.
Wolfowitz for World Bank, or Wolfensohn's son?
Reports this week said Paul Wolfowitz, US deputy secretary of defence, was a leading candidate to replace James Wolfensohn as the president of the World Bank. But the move seems unlikely following comments by Wolfensohn on Thursday 3 March.
Armenian central bank chief re-appointed
The Armenian parliament has endorsed the re-appointment of Tigran Sargsyan as chairman of the Central Bank of Armenia, Mediamax news agency reported on Wednesday 2 March.
Interview with RBI's deputy governor Udeshi
In a recent interview deputy governor Kishori Udeshi of the Reserve Bank of India said that India's banks are beginning to move towards international banking practices by working to implement Basel II guidelines.
Rosen takes over at CEA
The White House announced on Wednesday 23 February that Harvey Rosen, a member of the White House Council of Economic Advisers, will take over as CEA chairman from the departing Greg Mankiw.
A head for the World Bank
The process of choosing a new leader for the World Bank is devoid of much transparency, something the bank likes to preach, according to this article. With leaders traditionally being American, and chosen in secrecy by the American president, the…
Hungary's new Monetary Council members appointed
Hungary's President Ferenc Madl has appointed the new members of the Monetary Council. Judit Nemenyi, Tamas Banfi, Peter Bihari and Csaba Csaky will become members of the council from 1 March.
French finance minister resigns over apartment
Herve Gaymard, the French finance minister, resigned on Friday 25 February following revelations about his state-funded luxury apartment.