Governance

IMF chief apologises for affair

Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has apologised for an affair with a former staff member, saying the relationship was "a serious error of judgment."

Fed $2.7bn down on Bear, GSE sell-off continues

The value of the assets held on the Federal Reserve's books as collateral for its $29 billion loan to failed investment bank Bear Stearns fell by 9.2% over the third quarter, it emerged Thursday. Data also showed foreign central banks flight from Fannie…

Tokyo finally nominates deputy

The Japanese government has nominated Hirohide Yamaguchi for the role of deputy governor at the central bank, a position left vacant since March.

Iran appoints Bahmani as governor

Mahmoud Bahmani, the generally secretary of the Central Bank of Iran, is to take the helm after the sacking of Tahmasb Mazaheri, local media has reported.

Polish PM finally approves deputy nomination

Donald Tusk, Poland's prime minister, will give the nod to Witold Kozinski to become a deputy president at the country's central bank despite earlier misgivings regarding the economist's stance on currency intervention.

Tehran ousts central bank governor

Mahmoud Ahmadinejad, Iran's president, has sacked Tahmasb Mazaheri, the governor of the country's central bank, after just 12 months in charge, state media reports.

Sparks fly between Cox and McCain

Christopher Cox, the chairman of the Securities and Exchange Commission (SEC), and John McCain, the Republican president candidate, have clashed over McCain's comment that he would fire Cox if he were president.

I'll stay if asked: SARB's Mboweni

Tito Mboweni, the governor of the South African Reserve Bank, confirmed that he would be willing to serve another term at the central bank, after earlier reports suggested he would leave when his current contract expires next July.

SARB to clarify Mboweni's mixed messages on future

The South African Reserve Bank will attempt to set the record straight on Tito Mboweni's future on Tuesday after the governor appeared to contradict himself on his plans for a third term in an interview given over the weekend.

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