Governance

New York Fed names new IT systems head

William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.

The wider benefits of assistance

Juliet Johnson suggests that assistance to post-communist central banks by their Western counterparts resulted in closer links between central bankers more generally

Draghi prepares to slim down

The Bank of Italy finds resistance from its staff and labour unions, but insists it will push ahead with controversial reforms. Isabella Bufacchi reports

Canada names Toronto director

Mark Caplan, an executive managing director at BMO Financial, a financial services company, will join the Bank of Canada as a senior representative and director of its Toronto office.

Ex-Polish PM to head IMF's European department

Marek Belka, a former Polish prime minister and finance minister, will become the new head of the International Monetary Fund's (IMF) European Department. He will be the first Central European to take the role.

King declines bumper pay hike

Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.

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