Governance
Iceland climbs into profit; postpones pay rises
Central Bank of Iceland makes a modest profit for 2009, compared with sizable loss of the previous year; postpones wage hikes until summer
Abu Dhabi SWF chief’s body found
Body of Abu Dhabi Investment Authority head Sheikh Ahmed Zayed al-Nahyan found after four day search following glider crash in Morocco
RBA offshoot let standards slip in bribery scandal: report
Independent auditor says Australian central bank’s polymer subsidiary Securency failed to uphold its standards in dealing with its foreign business agents
Warsh acknowledges Fed’s quasi-fiscal action
Governor suggests Fed’s crisis-fighting measures may have tested the boundaries of central bank’s ambit
Italy’s Draghi favours “enforcement” over European Fund
Bank of Italy governor Mario Draghi says a new pact should be drawn up to enforce fiscal discipline, rather than building a continental version of the IMF
King sees “room for improvement” in Bank’s communication
Bank of England governor Mervyn King defends the central bank’s fan charts, which have drawn criticism, but says it can still refine the communication of its forecasts
Bank of Israel back in the black by $374m
Israeli central bank declares a modest profit for last year, following $160m loss in 2008 and $1.4 billion loss the year previous
Bolaños will return to head Costa Rican central bank
Former central bank president Rodrigo Bolaños will take over at the helm again, after current chief Francisco de Paula Gutiérrez Gutiérrez announces plan to leave in June
Zim’s Gono blasts local takeover bill
Reserve Bank of Zimbabwe governor Gideon Gono slams new law that will force foreign-owned firms to transfer 51% of ownership to locals
Fischer accepts second term at Bank of Israel
Bank of Israel governor agrees to stay on for further five years after new central bank law passes in the Knesset calling for Monetary Policy Committee
HKMA restructures banking department
Hong Kong Monetary Authority (HKMA) spins off banking department to tackle workload from Lehman Brothers fallout
Fed chiefs unite in bid to keep wider bank supervision
Current Fed chairman Ben Bernanke and former head Paul Volcker say taking all but the biggest banks away from the central bank would be a mistake
Danish central bank sees profit drop 41%
National Bank of Denmark reports $500m tailing off in profits for 2009, puts development down to interest rate changes
New BoK head sparks independence fears
Surprise choice of OECD representative Kim Choong-soo seen as way for government to exert control over central bank
New Korea governor emphasises cooperation, but says independence “crucial”
Kim Choong-soo looks to deflect criticism his appointment undermines the central bank’s autonomy
Interview: Kim Choong-soo
New Bank of Korea governor on independence, collaboration and challenges going forward
SARB’s Marcus reminds shareholders of responsibilities
South African Reserve Bank governor Gill Marcus says shareholders who try to profit from their stock ignore the greater good of the country
The Bank’s balance sheet during the crisis
Bank of England’s markets chief sets out how size and composition of balance sheet has changed
ECB to assist Bosnia’s bid for EU accession
European Central Bank will help Bosnian central bank improve key areas such as statistics and research to prepare for the country’s accession to the European Union
Yellen to replace Kohn as Fed vice chair?
Obama administration likely to pick arch dove to replace Kohn
Brazil’s Meirelles faces renewed tax fraud allegations
Brazilian central bank chief Henrique Meirelles could be investigated for the second time on tax crimes after attorney-general’s office asks Supreme Court for a probe, Meirelles unfazed
We know better now: Canada’s Carney
Bank of Canada governor Mark Carney reviews lessons learnt as the central bank celebrates its 75th anniversary