Governance
Eurozone’s unique policy framework creates communication confusion, ECB paper shows
Political communication has a quantifiable effect on sovereign bond spreads – at least in the short term, authors argue
Central Bank of Cyprus ‘moving in direction’ of more active board
David Lascelles says interim report on Cypriot banking sector has been well-received; hopes parliament will sanction a ‘more democratic’ board
Lithuanian governor lays out economic priorities for Council of EU
Vitas Vasiliauskas says European policy-makers have proven they are ‘ambitious architects’ but must now demonstrate they are ‘good constructors’
People: Senior roles filled at the EBA; Atlanta Fed appoints new HR head
The European Banking Authority has elected Portugal's Pedro Duarte Neves to the role of alternate chairperson; Atlanta Fed promotes Blake Lyons, who will also advise the bank's management committee
Iceland central bank closes last vault outside of Reykjavik
Vault closure is the culmination of a 10-year review of the bank's role in distributing banknotes around the sparsely populated island nation
Mark Carney era underway at Bank of England
Expectations are high the new Bank of England governor will introduce forward guidance; academics point out he will first need to win over a divided MPC
Cyprus central bank told to dilute governor power
Independent report says too much power was concentrated in the governor’s hands in the build-up to the recent Cypriot crisis; calls for new policy-setting committee with non-executive majority
Croatian membership boosts ECB capital
Croatia’s central bank has joined the European System of Central Banks (ESCB), with governor Boris Vujčić taking his place on the ECB’s general council
Austrian deputy resigns amid ongoing bribery case
Wolfgang Duchatczek quits National Bank of Austria; stands accused of bribery in relation to banknote printing deals with Syria and Azerbaijan
Fischer says Frenkel will face ‘completely different' world
In his departing press conference at the Bank of Israel, Stanley Fischer highlights many changes that Jacob Frenkel will find when he returns; Frenkel still faces investigation over improper payments
People: Bank of Russia deputy joins government; Bank of Lithuania appoints deputy chair
Bank of Russia's first deputy chairman appointed as economic development minister; former Lithuanian finance minister moves to central bank as Darius Petrauskas departs; Kevin Feldman joins WGC
Basel Committee updates advice on anti-money laundering practices
Consultative document addresses ways for banks and supervisors to cut risk through diligent use of anti-money laundering efforts, including how to co-ordinate across borders
RBNZ unveils 2013-2016 ‘statement of intent'
New Zealand central bank intends to make better use of a wider range of communication tools, as well as beefing up its macro-prudential toolkit
BIS's Caruana wins term extension as Cecchetti prepares to quit Basel
Jaime Caruana to stay at BIS to 2017, but Stephen Cecchetti will leave in November this year; RBA's Debelle and FDIC's Verley take up other Basel posts
Frenkel to rejoin Bank of Israel as Fischer replacement
Former Bank of Israel governor nominated to replace Stanley Fischer; decision surprises some as deputy governor Karnit Flug appeared to have Fischer's backing for the role
Central banks need to start tightening policy, says BIS
The Bank for International Settlements says easy monetary policy has reached the end of what it can usefully do, warning that continuing QE will exacerbate risks and delay necessary reforms
Bernanke plays down Jackson Hole importance
Kansas Fed's renowned symposium is a conference sponsored by just ‘one of the 12 reserve banks' says Bernanke, who declined to comment on his future following FOMC meeting
PMA launches three-pronged social media strategy
Palestine Monetary Authority launches Facebook, Twitter and YouTube accounts, putting it among the relatively few central banks worldwide that use multiple social media
UK parliamentary review slams 'half-hearted' Bank of England reform
Parliamentary Commission on Banking Standards calls for overhaul of Court of Directors; dismisses central bank's Oversight Committee as ‘half-hearted at best'
RBNZ faces calls to dilute governor's power
Bill introduced by New Zealand's Green Party would see monetary policy set by the whole board and force central bank to publish minutes
Korea's Kim calls for economic patriotism at central bank
The Bank of Korea must develop the capacity to match other central banks around the world in acting in the interest of the country's economy, says Choong Soo Kim