Governance
Crisis underlines democracy’s flaws: ECB’s Bini Smaghi
Short-termism inherent in democratic government led to the lax supervisory regimes that paved way for banks’ excesses, says ECB board member
Ex-Fed’s Stern joins Finra board
Former president of the Minneapolis Federal Reserve to become Financial Industry Regulatory Authority board member
Romanian central banker nominated as premier
Romania’s president picks governor’s adviser for prime minister
Buba upbraids board member after racist remarks
Thilo Sarrazin, a member of the board of the German central bank, has remit reduced after comments on Berlin’s Turkish and Arab communities
Zim finance minister promises new central bank law
New reform bill will bring to a close quasi-fiscal activities when it is passed, says Tendai Biti
Lamfalussy godfather of BIS’s macroprudence
National Bank of Belgium paper shows Alexandre Lamfalussy as the originator of the macroprudential approach to stability
Nigeria’s banking landscape set to change: Sanusi
The governor of the Central Bank of Nigeria says the ongoing clean-up will lead to a reduction in the number of large banks
Nobel prize for pioneers of economics governance
Swedish Academy of Sciences shuns orthodoxy to award 2009 prize for work on institutions not markets
Central banks must guard independence – IMF
International Monetary Fund says the risk of losses from unconventional policies can pose challenges to financial independence
Bank economist to head Nomura’s European team
Peter Westaway leaves the Bank of England, joins investment bank as chief economist for Europe
Geithner wades into World Bank funding debate
Tim Geithner says governments must support World Bank’s bid for more capital after officials question governance model
DSK picks ex-Japanese politician to succeed Kato
International Monetary Fund managing director proposes Naoyuki Shinohara as next deputy managing director
Former Bank official to advise Treasury on stability
Alistair Clark to advise Whitehall on financial stability
World Bank – Annual Report 2009
World Bank outlines post-crisis support measures
Minneapolis Fed names macroeconomist as president
The Federal Reserve Bank of Minneapolis appoints academic Narayana Kocherlakota as its new president
Bank of Ghana appoints new governor
Economist and former deputy finance minister Kwesi Bekoe Amissah-Arthur takes over from Paul Acquah
Central Bank of Solomon Islands – Annual Report 2008
Central Bank of Solomon Islands sees subdued growth and further deterioration in the balance of payments ahead, according to its latest Annual Report
India’s Chakrabarty wants better global governance
Reserve Bank of India’s Kamalesh Chakrabarty calls for a global governance system to reflect needs of emerging and developing countries
Communication in a crisis: some thoughts for central bankers
Citing the case of Northern Rock, Geoffrey Wood, a professor of economics at Cass Business School, calls for central banks to better prepare for their communications on financial stability
Fed will fail to land systemic risk role, Zoellick predicts
World Bank’s Robert Zoellick says Fed will not get systemic risk role, moots Treasury. Sees renminbi, euro strengthen reserve status
Fed audit would damage economy: counsel Alvarez
Federal Reserve lawyer defends central bank against lawmakers’ attempts to scrutinise its monetary operations
Finland names new communications head
Chief dealer to take on the role from next month
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy