Governance
ECB’s Bini Smaghi revisits Triffin dilemma
European Central Bank executive board member Lorenzo Bini Smaghi says tension persists between short-term domestic policy incentives and stability of international monetary system
RBA announces representative in China
Ivan Roberts to open Reserve Bank of Australia representative office in Beijing; will assist with monitoring of economic and financial conditions in China
Application process opens for board member at Bank of Finland
Application process opens to find replacement for Pentti Hakkarainen whose five-year term ends in February
New president fires low-inflation champion Fundanga
Central Bank of Zambia governor Caleb Fundanga fired by new president; no replacement announced yet for governor praised for low inflation efforts
Kuwait central bank employees protest over pay
Central bank workers want salary increases; latest government workers to demand more after oil sector employees receive up to 66% wage hike
Italian politicians uneasy over Draghi replacement delay
Opposition leaders criticise delay in announcing successor for Mario Draghi as governor of the Bank of Italy
Russia’s Ignatiev commends ousted finance minister
Bank of Russia chairman Sergei Ignatiev says Alexei Kudrin was "very strong" finance minister following his dramatic resignation
Weber attacks international financial safety net concept
Former Bundesbank president Axel Weber raises objections to IMF as permanent liquidity swap provider; says measures are "undesirable" and "unrealistic"
Indian government overhauls RBI central board of directors
Seven new directors replace retirees from Reserve Bank of India’s central board of directors; all will serve four-year terms
SEC's Schapiro under fire in Madoff conflict case
SEC's former general counsel David Becker inherited $2 million account with Ponzi fraudster
Pressure on the IMF to make surveillance a priority
Representatives from several global constituents call on IMF to take a central role in surveillance of countries as international reforms take hold
Kenneth Rogoff receives financial economics prize
Harvard University professor Kenneth Rogoff awarded 2011 Deutsche Bank Prize in Financial Economics
Crisis accelerated EMU development: ECB paper
European Central Bank study says financial crisis gradually sped up institutional development of Economic and Monetary Union
Canada banking regulator hires central bank official
Mark Zelmer will leave central bank; becomes assistant superintendent of the regulation sector at the Office of the Superintendent of Financial Institutions
Former deputy chairman to stand trial over Securency scandal
Central London court commits Bill Lowther to stand trial; hearing scheduled for early December
Sri Lanka appoints two deputy governors
Central Bank of Sri Lanka promotes three assistant governors to deputy governor roles; current deputy governors retiring
Governor of Central Bank of Jordan resigns
Faris Abdel Hamid Sharaf resigns; deputy governor Mohammad Said Shahin gets promoted
Kansas Fed names Hoenig successor
Esther George to take over as president and chief executive of the Federal Reserve Bank of Kansas City; Thomas Hoenig retires October 1
ECB’s González-Páramo on convergence requirements to euro accession
European Central Bank executive board member José Manuel González-Páramo dicusses need for sustainable convergence to the euro in Bulgaria
RBA loses power to set wages
Reserve Bank of Australia governor Glenn Stevens's high salary in jeopardy; wages will be set by Remuneration Tribunal
Philippines appoints new Monetary Board member
Armando Suratos is new member of Monetary Board; replaces former finance secretary Juanita Amatong
US lawmaker presses for change to FOMC voting system
Congressman Barney Frank to introduce bill that calls for replacement of regional Fed presidents on FOMC with four external members; calls Fed presidents a "self-perpetuating" group
First regulatory co-operation council meeting held in New Zealand
Council of Financial Regulators meets; confidential discussions focus on identifying trends and issues and co-ordinating responses to them