Governance
Promotions and reappointments at the Chicago Fed
Federal Reserve Bank of Chicago announces new deputy chairman, reappointments of board chairman, two directors and Federal Advisory Council representative; also promotions in three internal groups
Cœuré progresses towards ECB executive board membership
ECB Governing Council adopts Council of the European Union opinion and supports Benoît Cœuré to become a member of the executive board
Kamin confirmed as permanent replacement for Sheets at Fed
Steven Kamin is made permanent director of the Division of International Finance at the Federal Reserve Board; has been acting head since Nathan Sheets resigned in August
Czech prime minister wary of central bank losing independence
Petr Nečas does not want selection method of top central bank officials to change; warns Senate-agreed choices could lead to the politicising of the board
CB.com panel discusses changes in reserve management functions
CentralBanking.com poses the question: What do central banks want from reserves and reserve managers? Panellists discuss how the financial crisis has altered the role of reserve managers
Namibian deputy governor turns down third term
Bank of Namibia deputy governor Paul Hartmann to be replaced by director of research Ebson Uanguta; governor Ipumbu Shiimi confirmed for a full five-year term
Fed promotes directors on district boards
Federal Reserve announces string of changes to chair and deputy chair of regional Fed board of directors for 2012
MAS reshuffles senior management
Departure of Leo Mun Wai as head of Monetary Authority of Singapore's capital markets group triggers series of changes to management at central bank
Philippines banking sector liberalisation continues
Central Bank of the Philippines awards seven banks the right to open 162 branches in previously 'restricted' zones; next phase in the liberalisation of the domestic banking sector
Australia announces new deputy governor
Philip Lowe promoted from position as assistant governor; Heather Ridout revealed as new external board member
Plosser warns Fed against engaging in fiscal policy
Philadelphia Federal Reserve president Charles Plosser says involvement in credit programmes risks blurring distinction between monetary and fiscal policy
Central Bank of Tunisia makes plea to government
Newly formed interim government must act to restore investor confidence, says board of directors; calls for independence of the central bank to be protected
Riksbank appoints two new deputy governors
Kerstin af Jochnick and Per Jansson will succeed Svante Öberg and Lars Nyberg on the Swedish central bank’s executive board at the beginning of next year
US Senate passes sanctions on Central Bank of Iran
US Senate passes sanctions aimed at Iran's crucial oil industry; measure will prevent financial institutions from doing business with US and Iran, forcing them to choose
Bank of England selects new chief for Special Resolution Unit
Andrew Gracie returns to Bank of England to lead special resolution unit; takes over later this month
Draghi pushes for greater fiscal integration in eurozone
European Central Bank president Mario Draghi says new fiscal pact is needed between eurozone countries to deepen economic integration
Fed picks new head for banking supervision division
Michael Gibson takes over from Patrick Parkinson on January 1; Parkinson leaves Fed after 30 years of service
MAS’s Menon defends central bank’s governance structure
Monetary Authority of Singapore managing director Ravi Menon says central bank has proven it can act independently “within” government
Lithuania fires head of credit institutions supervision department
Kazimieras Ramonas unceremoniously sacked; new central bank department will take over financial market supervision in 2012
China central bank official nominated to join private bank’s board
Wang Hongzhang tipped to become chairman of the China Construction Bank Corporation after unanimous nomination to join board of directors; will leave People’s Bank of China after a long career there
Canada’s Murray identifies shift in global policy effort
Bank of Canada deputy governor John Murray highlights prospective benefits from co-ordinated policy response to current economic problems
Bank of Lebanon denies financial ties with Syrian regime
Governor Riad Salameh says Arab League sanctions on Syria will not apply as Lebanese central bank does not have any dealings with Damascus
Egypt renews governor’s term
Farouk El-Okda to serve another four-year term; new-look board of governors also revealed