Governance

Zimbabwe's Gono probed over forex scam

Reserve Bank of Zimbabwe chief Gideon Gono has been pulled into a scandal in which Finance Minister Herbert Murerwa and chief government revenue collector, Gershem Pasi, are alleged to have swindled the state of millions of dollars in foreign currency.

IMF central bank governance survey

An IMF survey of governance boards and management structures at central banks by JoAnne Morris and Tonny Lybek identifies "issues to consider when designing the structure, size, and composition of the governing boards and management of a central bank".

Bernanke heads to Capitol Hill

Market participants will have all eyes on Ben Bernanke as he appears before a US Senate committee on Tuesday, 15 November. Bernanke is to appear before the Senate Banking Committee as part of the run-up to him taking over the reins from Alan Greenspan as…

ECB opposes BoI reform bill

Attempts to reform governance structures at the Bank of Italy (BoI) yesterday received another blow when Lorenzo Bini Smaghi, a member of the ECB's executive board, said the government should amend some of the initiatives proposed in a parliamentary bill.

BoK feels the pinch

Bank of Korea (BoK) officials are up in arms about alleged plans by the government to scrap some of the central bank's 16 regional headquarters and cut its payroll.

Interview with PBOC's Tang Xu

In an interview published on Wednesday 2 November, Tang Xu, director-general of the research bureau of the People's Bank of China, said China's economy has already achieved its long-awaited landing even with growth rates around 9 percent.

Swaziland appoints new board member

Finance Minister Majozi Sithole has appointed Swaziland Finance and Development Corporation CEO Vincent Mhlanga to the Central Bank of Swaziland's Board of Directors.

Ireland's Hurley ranked tops for pay

Central Bank of Ireland governor John Hurley was listed as the third-highest paid governor in the twelve-nation eurozone this week, even though he leads the smallest central bank.

With Bernanke at bat, Fed will target inflation

According to this recent article, Ben Bernanke will devote significant staff resources to further study on issues he has spoken and written about, when he takes over at the Fed. And the advantages of his approach will become overwhelming enough in the…

Former World Bank chief moves to Citigroup

Citigroup said this week that James D. Wolfensohn, 71, who left as president of the World Bank last spring after 10 years at the helm, would serve as a global strategy adviser to senior management and clients.

New deputy governor appointed to ECCB

Trevor Brathwaite, Permanent Secretary, Ministry of Finance, International Financial Services and Economic Affairs, St Lucia, was appointed Deputy Governor of the Eastern Caribbean Central Bank (ECCB) this week.

Iceland's Oddsson waives pension rights

David Oddsson, former prime minister and new governor of the Central Bank of Iceland, has declined to take up a retirement pension for his 13 years as prime minister and one year as foreign minister.

Interview with PBOC's Xiang Junbo

In a recent interview People's Bank of China deputy governor, Xiang Junbo, said the central bank has been undergoing institutional changes. The establishment of the PBOC Shanghai Head Office is an important step to improve the central bank system and to…

Bernanke steps into Greenspan's shoes

Although Ben Bernanke was nominated as Fed chairman this week, he has shown in the past that he isn't a fan of the conservative dress code favoured by central bankers. Bernanke surprised George W Bush by wearing a pair of tan socks with a dark suit to a…

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