News/Governance
Taiwan appoints new regulator chief
Taiwan has appointed Jaw Sheng Kong as chairman of the newly formed Financial Supervisory Commission. Kong, 48, is currently chairman of state-owned Taiwan Sugar Corp, said the Executive Yuan, the island's Cabinet.
Gerashchenko chosen as new Yukos chairman
Former chairman of the Central Bank of Russia Viktor Gerashchenko was elected chairman of Yukos, the Russian oil giant, on Thursday 24 June.
Richmond Fed names Jeffrey Lacker President
Jeffrey M. Lacker was appointed on 17 June the new President of the Federal Reserve Bank of Richmond, effective August 1, 2004. He succeeds J. Alfred Broaddus, Jr., who announced his intention to retire back in November.
Senate vote confirms Greenspan
The U.S. Senate has voted to confirm Alan Greenspan for a fifth and final term as chairman of the Federal Reserve, clearing him to serve at the Fed into 2006.
MPC dove Nickell joins Welsh think-tank
Professor Stephen Nickell, a member of the Bank of England's Monetary Policy Committee has been appointed to a Welsh economic think-tank.
Report says Welteke rejects fine as too high
Ernst Welteke, who resigned as president of Germany's Bundesbank after accepting hospitality, won't pay 50,000 euros ($60,000) to end an inquiry by the Frankfurt public prosecutor, Welt am Sonntag reported.
Woman may join Germany's 'Five Wise Men'
For the first time a woman looks set to be appointed to the German government's so-called "Five Wise Men" panel of independent economic advisors, an economy ministry spokesman said.
Former Bank of Korea governor Chon Chol Hwan dies
Chon Chol Hwan, former Bank of Korea governor, has died after an illness, aged 65, Bloomberg reported, citing South Korean central bank's press office.
MAS chairman Loong set to become PM
Singapore's ruling party has approved the appointment of founding father Lee Kuan Yew's son Lee Hsien Loong, the chairman of the Monetary Authority of Singapore, as the next prime minister.
Interview with Fed's Bernanke
In an extensive interview published this week, Federal Reserve governor Ben Bernanke talks about inflation targeting, asset bubbles, the Great Depression and other topics. He suggests the introduction of a number or a numerical range for inflation in the…
Marquez-Ruarte is to be IMF's HR Director
Rodrigo Rato, Managing Director of the International Monetary Fund, has named Jorge Marquez-Ruarte as Director of the Human Resources Department to succeed Margaret Kelly, a national of Australia who is retiring after more than 30 years of service with…
Bank Indonesia names senior deputy governor
Miranda S Goeltom, former deputy governor of Bank Indonesia (BI) was elected senior deputy governor of the central bank after undergoing a fit and proper test by Commission IX of the House of Representatives in Jakarta last Tuesday, 8 June.
Greenspan nomination hearing moved to 15 June
The Senate Banking Committee said on Monday 7 June that it was postponing a hearing on Federal Reserve Chairman Alan Greenspan's renomination until 15 June. The hearing was rescheduled because late President Ronald Reagan was lying in state at the U.S…
BOK agrees to train Asian bankers
The Bank of Korea (BOK) will offer a training course on operations and the role of the "central bank" to nine employees from central banks in six Asian nations.
RBZ's Gono denies he will run for president
Reserve Bank of Zimbabwe Governor Gideon Gono has refuted growing speculation that he could run for President in 2008, when President Robert Mugabe steps down.
T&T central bank criticised over discrimination
Secretary General of the Sanatan Dharma Maha Sabha, Sat Maharaj, has apparently criticised the Central Bank of Trinidad and Tobago, citing it as an example of cultural discrimination in Trinidad and Tobago, according to a report by the Trinidad and…
Greenspan nomination hearing will be 10 June
Federal Reserve Chairman Alan Greenspan will testify next Thursday, 10 June, before the Senate Banking Committee as it considers his nomination for a fifth term at the central bank's helm, the panel said on Thursday 3 June.
IMF's new MD Rato to assume office on 7 June
Rodrigo Rato, the new managing director of the International Monetary Fund, will officially start work on June 7, IMF spokesman Thomas Dawson said on Thursday 3 June.
Yepez made Ecuador's new economy minister
Ecuadorian President Lucio Gutierrez said on Tuesday 2 June that he had accepted the resignation of Economy Minister Mauricio Pozo and the new minister will be Central Bank Director Mauricio Yepez.
President proposed for euro finance ministers
French finance minister Nicolas Sarkozy proposed this week that the finance ministers of the 12 eurozone countries should have a permanent president for two and a half years.
Feldstein - The Next Greenspan?
As one of George W. Bush's key advisors on economic policy, Harvard professor Martin Feldstein helped design the President's tax cuts. He's working on a plan to overhaul Social Security. Could he be the next Greenspan, this article asks.
RBA's McKibbin barred from providing advice
The Governor of the Reserve Bank of Australia, Ian Macfarlane, blocked board member Warwick McKibbin from advising a residential home equity fund, the Sydney Morning Herald reported this week.
Israel's Klein in favour of hiring Arab employees
The Bank of Israel is in favour of recruiting Arab employees, but has yet to find suitable candidates for available positions, according to a letter sent by central bank governor David Klein to Hadash party MK Ahmed Tibi, Haaretz reported this week.
Central Bank of Nigeria: From Sanusi to Soludo
This article published by Vanguard today, 28 May, looks at the leadership changeover at the Central Bank of Nigeria. Joseph Sanusi will step down as CBN governor on Saturday, 29 May, when Professor Charles Soludo will begin his own tenure. Sanusi's five…