Governance
People: New deputy for Norges Bank; deputies depart in India and Kyrgyzstan
Jon Nicolaisen will start a six-year term as deputy governor of Norges Bank on April 1; RBI's Chakrabarty steps aside early; and more
Chan wins another five-year term atop HKMA
HKMA chief executive praised by Hong Kong government for his steady hand on the tiller throughout the financial crisis and developing Hong Kong as an offshore renminbi centre
Carney puts collaboration at core of new BoE structure
Mark Carney outlines plan to take the Bank of England to the forefront of timely, cross-bank policy-making; concern his shake-up may result in a lack of specialist expertise among some unit heads
Carney unveils major BoE shake-up
‘Minouche' Shafik to become BoE's first deputy governor for banking and markets, replacing Paul Fisher on MPC; external MPC member Broadbent also made deputy governor
An alternative vision of the Old Lady
The Bank of England needs a structure that ensures the preeminence of professional central bankers rather than theoretical economists
Crimea establishes its own central bank
Crimea, which voted yesterday to leave Ukraine to join the Russian Federation, has established a central bank to see it through a transitional period of independence
Reserve managers stress importance of portfolio transparency
Public report offering detailed disclosure of investment decisions results in reserve managers having 'little to fear', says the Central Bank of Colombia's Marco Ruiz
BoE floats bonus clawback plan
Prudential Regulation Authority issues consultation on new powers to claw back bonuses in case of misconduct; Katharine Braddick reiterates ‘misgivings’ about bonus caps
Belgian governor’s term extended, successor named
Luc Coene will serve another year as governor despite reaching retirement age this week; Council of Ministers says he will be succeeded by director Jan Smets in March 2015
Cyprus names auditor-general as new central bank governor
Cypriot president moves fast to appoint Chrystalla Georghadji, the head of the state audit office, as successor to Panicos Demetriades, who resigned from his post earlier this week
BoE to create new deputy role amid FX rigging controversy
Bank of England will create new deputy governor post to get a better grasp of financial market dynamics, Mark Carney said in hearing yesterday
Demetriades resigns as Cyprus governor
Resignation brings an end to the long conflict between the Cypriot governor and the president; Demetriades will leave in April after less than two years in the role
Hämäläinen returns to ECB in latest SSM board appointments
Central bank fills three of its four slots for representatives on the SSM’s supervisory board, with former board member Hämäläinen joined by Canadian supervisor Julie Dickson, and the ECB's own Ignazio Angeloni
BoE says publishing Fed-like transcripts would restrict debate
Following recent calls on the bank to follow Fed’s example and release verbatim records of old meetings, BoE says it wound prevent ‘free-flowing’ debate
Bank of England suspends staffer in FX manipulation probe
The Bank of England has suspended one member of staff and launched a fresh phase of its investigation into whether officers colluded in FX market manipulation
Bundesbank board approves Claudia Buch for vice-president
Current president of the Halle Institute for Economic Research will replace Sabine Lautenschläger who quit the Bundesbank last month to join the ECB
People: IMF hires Vitor Gaspar; Poland deputy reappointed
Former Bank of Portugal and ECB research head Vitor Gaspar will become director of fiscal affairs at the IMF; Piotr Wiesiołek handed second term at National Bank of Poland; and more
Former deputy nominated as Bank of Korea governor
South Korean president nominates Lee Ju-yeol as Kim Choong-soo’s successor; Lee spent 35 years at the central bank in his first stint including three years as a deputy
IMF praises full-tilt reform at Paraguayan central bank
The central bank has introduced a string of reforms recently, including an overnight lending facility, a tighter benchmark rate and bi-annual inflation reports
Norges Bank review calls on MPC to relinquish control of wealth fund
Annual report published today raises ‘serious concern' over monetary policy committee's capacity to oversee $830 billion wealth fund with most members having other full-time jobs
Cold comfort for Icesave guarantors
Putative Icelandic government demands on the Landsbanki insolvency estate likely behind UK and Dutch lawsuits
Ukraine appoints revolutionary leader to head up central bank
Stepan Kubiv, deputy chairman of Ukraine parliament's banking and finance committee, will take over at the central bank having ‘administered' the protests that toppled the regime
Iceland governor must re-apply for post as government mulls central bank shake-up
Ministry of finance says decision to review central bank's governing structure means it will advertise for applications for governorship; media speculate that political motives play a part