Governance
Bank of Spain puts 'revolving door' under review
Javier Priego, the Bank of Spain’s general secretariat, is reassessing the rules governing central bank employees after they leave the institution
People: Tim Geithner moves to Warburg Pincus; BNM deputy re-appointed
Former Treasury secretary and New York Fed head Timothy Geithner takes a job in private equity; Malaysia re-appoints deputy to three-year term; two new directors at Dallas Fed
Has the global financial crisis dented central bank independence?
Grace Koshie looks at the post-crisis role of central banks, examining issues of fiscal dominance and weaker policy freedom in an increasingly inter-connected world demanding ever-greater transparency
Developing countries focused on financial inclusion are reshaping central banking
Efforts in developing and emerging economies to promote financial inclusion for the world’s 2.5 billion unbanked population offer lessons to their developed world peers
Crisis showed need for ‘more and better' stats, says IMF
Forum on improving statistics held in Washington in the same week as Myanmar joined the GDDS initiative; Argentina remains in the doghouse over inadequate GDP and inflation data
Yellen defends QE in congressional confirmation hearing
Prospective Fed chair says asset purchases have had ‘meaningful' impact on financial wellbeing of normal Americans; hints at further banking regulations ‘down the line'
Flug takes up Fischer's mantle on Israeli economy
New governor Karnit Flug proposes financial stability committee in conjunction with ministry of finance; repeats predecessor's calls to expand labour force participation and build more homes
New central bank mandates raise operational challenges
Central bankers face a raft of policy and operational challenges as their institutions take on new mandates and expanded responsibilities. By Martina Horáková, Tristan Carlyle and Arvid Ahlund
Central Bank of Liberia deputy governor dies aged 60
Theophilus Bettie, deputy governor for economic policy at the Central Bank of Liberia, passed away while attending a conference in Lagos, Nigeria last week
People: San Fran Fed picks new COO; Malaysia appoints Sharia Advisory Council
New COO takes over from John Moore, who retires after 33 years at the Fed; Shariah Advisory Council chosen as final authority in disputes over Sharia-compliant finance
ECB to house new SSM in old ‘Eurotower’
Central bank decides to use existing headquarters for around 1,000 new staff responsible for single supervisory mechanism; plans being implemented to avoid overflow while new tower is completed
People: Barclays economist returns to BoE; Cleveland steps up search for Pianalto replacement
Bank of England hires Simon Hayes from Barclays to replace Robert Wood in charge of MPC economic forecasts, reporting to Spencer Dale; Cleveland Fed hires search firm to find new president
BoE creates new role in response to cyber crime threats
Chief information security officer will oversee the Bank of England’s IT security defences; UK banks to be tested on their ability to withstand online attacks
People: Latvian governor re-appointed; Lithuania hires board member from ECB
Long-serving Latvian governor wins another term, to see Latvia into the eurozone; Lithuania appoints fifth member to the board; Riksbank promotes new head of financial stability department
Central bankers divided over quota for female staff
Participants in a CentralBanking.com poll say that central banks should make efforts to increase the proportion of women in senior positions; split over whether this should be achieved through quota
ECB seeks head lawyer who is ‘resilient to overwork’
Employment law expert says the European Central Bank’s criterion for its next director-general of legal services is a 'concerning pre-condition to employment'
Riksbank reveals location of gold holdings
Three-quarters of the Swedish central bank's gold reserves are held in the UK and Canada; disclosure follows discussions with other central banks on confidentiality
NY Fed's Checki to retire; Minneapolis hires new head of research
New York Fed head of international affairs ends 46-year tenure, while acting communications head wins permanent post; Minneapolis Fed names new research director
RBA and government set out rules of engagement
Update to ‘statement on the conduct of monetary policy' says Australian government recognises the Reserve Bank's need for a strong balance sheet; RBA will pay no dividend to the government this year
Demoted Myanmar governor ‘allowed' to quit central bank
Former governor was replaced in July by his predecessor, and made one of three vice-governors; he has now been ‘allowed to resign of his own volition', according to the presidency
Cyprus governor hits back over reports of bank re-cap ‘success fee'
Panicos Demetriades says fresh reports refer to confidential documents that have been unlawfully leaked; says central bank will not pay fees based on size of failed banks' recapitalisations
OECD tells Brazilian government to stay quiet on interest rate policy
New report urges government to stop commenting on future trajectory of interest rates, and set fixed terms for MPC members ‘during which they cannot be dismissed'
Australian government pours $8.5bn into RBA's reserves
New Australian government blames dwindling reserves on predecessor's demand for ‘extraordinary' dividends; records show losses were incurred due to currency movements in 2010–11