Governance
David Miles retains seat on UK Monetary Policy Committee
David Miles re-appointed as an external member of the MPC; new term to run until 2012
BoE and Treasury Committee clash over accountability
Treasury Select Committee rebuffs Bank of England proposal on accountability reforms; chair Andrew Tyrie sets out three main areas of disagreement between the two bodies
Fed reveals design of new interest rate projections
Federal Reserve releases templates to be used in next Summary of Economic Projections (SEP) to project participants' views of the appropriate path for monetary policy
Bangladesh makes ‘historic’ female deputy governor selection
First female deputy governor appointed at Bangladesh Bank; Nazneen Sultana becomes one of three new deputy governors at the central bank
RBI’s Mahapatra seeks greater surveillance of corporate governance
Reserve Bank of India executive director Shri Mahapatra calls for greater vigilance in corporate governance at financial institutions to avoid further crises
Hungary drops plan to merge central bank with regulator
Hungarian prime minister Viktor Orbán says planned merger between National Bank of Hungary and Hungarian Financial Supervisory Authority has been abandoned
Chilean president nominates economist to central bank board
Joaquin Vial Ruiz-Tagle put forward for seat on Central Bank of Chile board; government has final say
Central banks' financing of governments warranted in some cases, says IMF paper
Fund study outlines appropriate framework to enable central banks in developing countries to lend to governments in the short-term
Former contractor charged for hacking New York Fed files
Computer programmer at Federal Reserve Bank of New York arrested for stealing proprietary source code used to track the US government’s finances; code is estimated to be worth $9.5 million
European Commission begins legal action against Hungary
European lawmakers launch accelerated infringement proceedings against Hungary regarding the independence of its central bank; Budapest has one month to respond or risks financial penalties
BoE rejects proposals to revamp court
Bank of England dismisses Treasury Select Committee’s recommendations to replace its court with a new supervisory board; proposes establishment of new Oversight Committee for financial stability
Eulex drops corruption charges against former Kosovo governor
Central Bank of the Republic of Kosovo former governor Hashim Rexhepi freed after European Union prosecutors end case
Thailand’s Trairatvorakul calls for commitment to Asean community goals
Bank of Thailand governor Prasarn Trairatvorakul says success of Asean Economic Community will depend on members’ willingness to promote free flow of trade
New chair for Basel Joint Forum
Basel-based Joint Forum on issues common to the banking, securities and insurance sectors selects new head
Fed’s Plosser supports numerical inflation objective
Philadelphia Federal Reserve president Charles Plosser says Fed seeks to clarify longer-run goals and monetary policy decision-making process
Fed appoints new special adviser
US Federal Reserve board chooses Johns Hopkins University professor Jon Faust as a special adviser
Investigation into governing board could delay Swiss governor selection
Thomas Jordan firm favourite to succeed as governor; decision not expected soon as investigation into senior staff's finances continues
Williams welcomes greater transparency at the Fed
San Francisco Federal Reserve president John Williams says he supports steps to make the Fed’s long-term policy goals more explicit
Lesotho appoints governance trio
Central Bank of Lesotho announces appointment of new governor and two deputy governors
Malawi awaits new deputy governors
President Bingu wa Mutharika yet to appoint candidates for two vacant deputy governor positions at Reserve Bank of Malawi; means empty seats in monetary policy committee meetings
New appointments for two Basel-based committees
Agustín Carstens, governor of the Bank of Mexico, and William Dudley, president of the Federal Reserve Bank of New York, take on positions on international committees
Hildebrand succumbs to pressure and resigns
Governor of the Swiss National Bank steps down; mounting political pressure follows uproar over wife’s currency trading activities