Governance
BIS’s Cecchetti: cross-border supervision worth the risk
Head of monetary and economic department at the Bank for International Settlements Stephen Cecchetti says benefits of global financial integration outweigh costs
Kohn to remain at Fed until September
Vice chairman to stay on as governor until Congress appoints replacement
UK FSA risk chief Dewar resigns
Financial Services Authority's head of risk Sally Dewar will leave the role in May 2011 as uncertainty persists over the regulator's future; Dewar to follow chief executive Hector Sants
Belka approved as Polish central bank head
Former prime minister and finance minister Marek Belka gets Polish parliament's approval to take over as central bank chief; emphasises importance of zloty stability
Bank to answer to former EBRD economist
Andrew Tyrie to chair influential group of lawmakers charged with monitoring work of the Bank of England
CNB’s Tůma denies reports he will head EU systemic risk board
Governor Zdeněk Tůma parries claims in Czech daily that he would be the founding head of the European Systemic Risk Board
Iosco names new technical head
Dutch regulator Hans Hoogervorst will take the chair of Iosco's technical committee this week
Banking sector can improve financial inclusion: RBI's Thorat
Reserve Bank of India deputy governor Usha Thorat looks at the role of information and communication technology (ICT) in improving financial inclusion
HKMA appoints PBoC’s Mu as senior adviser
Former People’s Bank of China director general Mu Huaipeng joins Hong Kong Monetary Authority in bid to boost mainland ties
Sarb defends amendment bill against investor attack
South African Reserve Bank refutes press reports that its defence of amendment bill fell short; maintains that same investors keep causing trouble
New Japanese PM could pressure BoJ to loosen
Japan’s new prime minister and former Bank of Japan critic Naoto Kan hints at more accommodative monetary policy; analysts think central bank’s independence will not be affected
Indonesia's Nasution set to be made full governor
Bank Indonesia acting governor Darmin Nasution is likely to take on leadership officially after scoring sole nomination of the country's president; lawmakers view Nasution as a safe pair of hands
Mnyande on Sarb’s mandate and financial stability
South African Reserve Bank chief economist cites two biggest financial stability challenges facing central bank
Pakistan’s governor quits; deputy named interim chief
State Bank of Pakistan governor Syed Salim Raza resigns; deputy governor Yaseen Anwar named acting head
Weber’s defiance could help or hinder: analysts
Bundesbank president Axel Weber’s maintenance of principled objection to European Central Bank bond purchases could swing either way in his bid to succeed Jean-Claude Trichet
Bank's King declines pay hike for two years
Bank of England governor takes two year pay freeze of own volition; non-executive directors see salaries more than double from previous year
Venezuela drawn into Securency scandal: report
Australian newspaper alleges that RBA offshoot paid for Vietnamese government officials to win business from Central Bank of Venezuela
ECB reshuffles executive responsibilities as Constâncio takes over Papademos’ role
ECB shuffles distribution of responsibilities between executive board following appointment of ECB vice president Vítor Constâncio
Bank of Korea elbows government out of rate decisions
Korean central bank wins battle to keep vice minister out of rate calls; government representative can attend and observe future policy meetings, but must leave before policymakers vote
Former Icelandic governors may face criminal charges over crisis
Icelandic parliamentary committee passes names of three former central bank officials to state prosecutors; may face criminal charges
Markets support Poland’s central bank nominee amid opposition murmurs
Stock market gains as analysts welcome the nomination of former prime minister Marek Belka to head the central bank; confirmation expected despite grumblings from opposition politicians