Governance
Larger central banks more likely to have diversity policy
Boards with appointment powers more often focus on diversity
AI at the ECB and the need to strengthen internal critical thinking
Carlos Bowles writes that efficiency gains should be shared with staff and efforts made to protect cognitive capacity
Governors serving limitless terms tend to earn lower salaries
But governors’ average salary remains over $200,000 a year
Most governors lack legal immunity against prosecution
One-fifth of removable central bank governors shielded from legal actions
Governors serve unlimited terms in half of central banks
While term length averages five years, majority of governors can be dismissed early
US dollar dominance: beyond the ‘exorbitant privilege’
Biagio Bossone argues that dollar ‘seigniorage’ extends into the very structure of global finance and its ‘exorbitant privilege’ is worth up to $804 billion annually
MNB funds funnelled through ‘impenetrable’ structure – state audit
Management firm lost “significant amount” of central bank endowment in real estate investment, report finds
RBI hails AI’s potential in addressing customer grievances
Malhotra says technology should be integrated at “every stage” of complaints process
Trump taps Bowman to become Fed’s vice-chair for supervision
Designated chief regulator has opposed Basel III endgame and pushed for lighter capital rules
Smaller central banks more likely to manage government debts
Consumer protection widely overseen in larger institutions
Obituary: Liu Hongru, 1930–2025
Former PBoC deputy governor left influential legacy in China’s modernisation of banking and finance
People: BNM appoints deputy and assistant governors
CNB makes appointments in internal audit and economic modelling divisions
Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
Olli Rehn appointed to second term at Bank of Finland
Governor joins European central bankers in warning of economic and geopolitical uncertainty
UK regulators cancel plans to impose new diversity rules
BoE’s PRA among supervisors stating that regulations could be ‘in tension’ with focus to drive growth
People: Sarah John to become BoE’s COO
Plus: Bank of Russia’s former deputy governor joins commercial lender VTB
Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed
RBNZ governor unexpectedly resigns
Adrian Orr ends term early without giving reason as Christian Hawkesby temporarily takes over
Thailand picks central bank chair after long delay
Panel selects government candidate after previous nomination nullified, media reports
Tunisia’s president calls for say in setting monetary policy
Saied reportedly makes demand during meeting with central bank governor
ECB looks to change staff committee rules
Staff committee says changes are “clear retaliation” for its survey of Lagarde’s performance