Governance
Budapest wrests control to name external rate-setters
Hungarian lawmakers pass amendment to central bank law giving parliamentary committee right to appoint all four of external rate-setters on seven-strong Monetary Council
Wellink throws hat into ring as ECB race continues
Netherlands Bank president Nout Wellink signals interest in top European Central Bank role; stresses anti-inflation stance, opposition to E-bonds
A compromise candidate for the ECB?
Commentators divided on the viability of a compromise candidate for the European Central Bank presidency
Basel alone will not protect us: UK Treasury Committee’s Tyrie
UK Treasury Select Committee chair Andrew Tyrie says fundamental changes to the way banks are supervised a must; tripartite system left no one in charge
Interview: Andrew Tyrie
The chairman of the UK’s Treasury Select Committee talks to Claire Jones about the future of financial regulation, why he’s a sceptic on Basel and reining in a more powerful Bank of England
Eurozone pays tribute to Tommaso Padoa-Schioppa
Euro area's central bankers mourn the death of the 'euro architect'
Questions that an audit committee should ask
Joanna Grochalska discusses how central banks can get the most out of their audit committees
Financial reform, Fed independence and the political economy of monetary policy
The 2010 Financial Reform Act will weaken the independence of the Federal Reserve. Looking at the central bank’s history and its political economy allows us to appreciate why, Thomas F. Cargill argues
Off with their Fed
The past six months have witnessed the Federal Reserve come under attack on issues ranging from its mandate to its discharge of its duties. Ramya Jaidev reports
RBA spends $18,000 on governor’s table; refurb could cost up to $68m
Reserve Bank of Australia says refurbishment could set it back A$68 million; big-ticket items include A$18,000 desk for governor Glenn Stevens
Central Bank of Chile paper links instability to austerity
Central Bank of Chile study finds positive correlation between austerity and instability in Latin American countries
Merkel names Weber’s successor
German chancellor Angela Merkel nominates economic adviser Jens Weidmann to replace Axel Weber as president of Bundesbank; picks BaFin director Sabine Lautenschläger-Peiter as new vice-president
Brazil’s Tombini nominates two deputy governors
Central Bank of Brazil president Alexandre Tombini names two department heads to sit on rate-setting committee
Draghi strikes familiar chord on eurozone’s future
Bank of Italy governor Mario Draghi stresses importance of fiscal discipline, says monetary union is sound
Belgium’s Praet to be nominated to ECB executive board
Eurozone finance ministers recommend National Bank of Belgium executive director Peter Praet to European Central Bank executive board
Taiwanese central bank disputes name change
Regional group’s use of Chinese Taipei label after mainland China’s entry sparks row with Taiwan’s central bank
Bond purchase frictions convinced Weber to drop out of ECB race
Bundesbank's Axel Weber says divergent views on ECB’s bond purchases meant he was no longer an acceptable candidate to succeed Trichet; stresses he was right to stick to his guns