Governance
Czech central bank sheds 96 jobs despite need to meet wider remit
Czech National Bank reduces headcount to same level as 2006, despite taking on additional regulatory responsibilities
Korean government issuers unlikely to benefit if sovereign is upgraded – Moody's
Government-related issuers not likely to be upgraded alongside Korean sovereign as rating agencies place more weight on underlying credit fundamentals
Nigerian central bank adds new departments
Central Bank of Nigeria creates new departments to 'enhance operations'; three new female directors appointed
HKMA settles on staff pay increase
Hong Kong Monetary Authority decides to raise staff wages by more than 5%; constitutes a larger increase than was awarded in 2011
RBI deputy governor highlights threat to inflows from mobile banking
Chakrabarty says country-specific approach with international co-operation is needed to regulate mobile phone banking
New Estonian governor sees pay scheme altered
Bank of Estonia Supervisory Board simplifies governor pay structure; removes "monthly supplementary allowances or compensations"
Riksbank chooses new deputy head of monetary policy department
Christina Nyman becomes deputy head of monetary policy department; will lead the work of preparing the Riksbank’s Monetary Policy Report
Kuwait selects new governor from outside country's ruling family
Mohammed Al-Hashel takes over as governor; has been acting governor since Sheikh Salem Abdul Aziz Al-Sabah’s resignation last month
UK FPC member believes drivers of risk need to change
New regulatory frameworks are positive but only changes to incentives that drive risk can prevent a future crisis, says Michael Cohrs
Bernanke pays homage to predecessors
Chairman of the Federal Reserve remembers achievements of Paul Volcker and Alan Greenspan as he delivers second lecture to students
RBA appoints new head of research
Alexandra Heath selected as head of economic research department at Reserve Bank of Australia
Norges Bank announces operational changes
Norwegian central bank to create third core function department; new structure to come into effect at beginning of June
Sarb seeks nominations for board of directors
South African Reserve Bank announces procedure for replacing retiring member of board of directors
Bernanke highlights importance of community banks
Chairman of the federal reserve says "fair, consistent and informed examinations" must take into account the "size, complexity and individual circumstances" of each bank the Fed oversees
China prepares for MPC overhaul
State news agency reveals new members of monetary policy committee; all three are senior academics in the country
SNB issues own-account rules; Danthine trades attacked
Swiss National Bank issues new rules on private financial transactions conducted by top management; Jean-Pierre Danthine attacked for forex trades done in May 2010
Lord Kingsdown pays tribute to BoE’s George Blunden
“If he approved, it was likely to be the right answer,” says former governor of the Bank of England; other former central bank colleagues pay respects to man with "highest moral standards"
Lagarde chooses new IMF secretary
Christine Lagarde picks Jianhai Lin as secretary of the Fund; becomes first Chinese national to hold the post
Former Bank of Haiti governor shot dead
Venel Joseph, former governor of the Central Bank of Haiti killed in his car; held office as chief of the central bank between August 2001 and March 2004
Auditors find no breach of SNB regulations by governing board
Audit of own-account transactions by members of the enlarged governing board of the Swiss National Bank reveals no breach of the regulations in place during the time of investigation
BoE unveils new heads in monetary analysis and statistics division
Bank of England appoints three new department heads in its monetary analysis and statistics division; seen as a springboard to MPC
European Commission pursues Hungarian central bank independence issue
European Commission welcomes Hungarian promise to change legislation affecting the independence of the central bank, but wants to see more details
Buba discussion paper uncovers secrets of board risk-taking
Researchers find board changes that result in more female executives at banks can lead to increased risk-taking; executives with PhD qualifications reduce risk