Governance
Sweden’s Ingves draws roadmap to macroprudential mandate
Riksbank governor Stefan Ingves discusses measures in governance, implementation and econometrics needed for successful macroprudential policy
Belgium’s Praet, ex-Slovak deputy Kohútiková up for ECB board
National Bank of Belgium executive director Peter Praet and former National Bank of Slovakia deputy governor Elena Kohútiková nominated for ECB executive board seat to be vacated by Gertrude Tumpel-Gugerell
World Bank economist has replaced Tunisian governor: central bank source
World Bank’s Mustapha Kamel Nabli said to have succeeded Taoufik Baccar as head of Tunisian central bank; move comes amid allegations President Ali’s wife seized gold from central bank coffers
Calomiris to join Bank as Houblon-Norman fellow
US academic Charles Calomiris set to spend three months at the Bank of England, to examine development of Bank’s lender-of-last-resort role
FOMC 2005 transcripts: Bernanke, Hoenig called for long-term inflation targets
Federal Reserve chairman Ben Bernanke and Kansas Fed president Thomas Hoenig shown making a case for inflation targets in 2005 central bank meetings
Swiss authorities ink deal on crisis collaboration
Swiss National Bank, finance ministry and regulator sign memorandum on supervisory cooperation
Anglo chiefs approached me before crash: ex-central bank director
Former Central Bank of Ireland director Alan Gray says chairman and chief executive of now state-owned Anglo Irish Bank approached him over liquidity stress in lead up to government guarantee, crisis
Virtual art showcase centrepiece of Finnish website re-launch
Bank of Finland unveils renovated internet portal at new address, featuring virtual tours of building and extensive art collection
Argentinean central bank okays $7.5 billion loan to state
Central Bank of Argentina approves loan of $7.5 billion of reserves to repay bondholders; move is central bank’s latest measure to bail out government
Fed uncooperative and audit insufficient, claims influential senator
US senator Bernie Sanders dissatisfied with Federal Reserve’s response to further questions on audit of emergency lending facilities
Fed profits soar to record $80.9 billion
Federal Reserve posts another record profit, trumping 2009 by $27.5 billion; paves the way for $78.4 billion transfer to US Treasury
BIS appoints Chile’s De Gregorio to chair regional consultation group
Central Bank of Chile governor De Gregorio succeeds former Central Bank of Brazil governor Henrique Meirelles as head of Bank for International Settlements Consultation Council for the Americas
Shirakawa elected vice-chair of BIS board
Bank of Japan governor Masaaki Shirakawa picked to succeed Hans Tietmeyer as vice-chair of Bank for International Settlements’ board of directors
Fed’s full employment mandate in the crosshair
US congressman Paul Ryan takes aim at Federal Reserve’s dual mandate, will put forth bill calling for full employment aim to be abandoned
US economists push for ethical code
Academics and practitioners call on American Economic Association to adopt code forcing economists to reveal links to private firms
Obama determined to appoint Diamond to Fed board
United States President Barack Obama pushes for third nomination of Nobel laureate Peter Diamond to Federal Reserve Board
Iceland names new director of operations and human resources
Director to replace Ingvar Sigfússon, set to retire in the coming months
Norway’s Olsen stresses importance of transparency in welcome address
Norges Bank’s new governor pledges to maintain inflation targeting regime in its current form; central bank “very well equipped” to manage sovereign wealth fund
Yeritsyan rejoins Armenian central bank in reshuffle
Armenian economy minister Nerses Yeritsyan returns to central bank as vice-chairman; former vice-chairman Vache Gabrielyan becomes finance minister