Governance

ECB appoints new Director General Research

The Executive Board of the European Central Bank has appointed Mrs Lucrezia Reichlin, Professor of Economics at the Universite Libre de Bruxelles, Belgium, as Director General Research at the European Central Bank from 15 February 2005.

ECB mourns death of Eugenio Domingo Solans

Former member of the Executive Board of the European Central Bank Eugenio Domingo Solans died earlier this week after a long illness. In a message from the President on behalf of the ECB, Jean-Claude Trichet said the ECB was mourning a very dear…

Wellink to continue as Chairman and BIS President

The Board of Directors of the Bank for International Settlements (BIS) announced on Monday 8 November the re-election of Nout Wellink, President of the Netherlands Bank, for a second three-year term as Chairman of the Board and President of the BIS.

Bumpy road seen for next Fed chief

Newly re-elected George W. Bush is likely to pick from five "qualified" successors to fill Federal Reserve chairman Alan Greenspan's shoes, this article says, with the real issue being their ability to match chairman Greenspan's deft touch in the conduct…

Electrician short circuits NY Fed computers

An electrician who was fired after he was caught using a home made electrical testing device on the computer circuit breakers at the Federal Reserve Bank of New York then took the NY Fed to court claiming his sacking was a set up.

Interview with Central Bank of Nigeria's Soludo

In a recent interview Central Bank of Nigeria governor Charles Soludo talked about his plan to increase banks' minimum capital requirement. Soludo gives his opinion on some of the most talked-about points of his plan.

Interview with Central Bank of Cuba's Soberon

In an interview published this week, president Francisco Soberon of the Central Bank of Cuba said it would be extremely unwise for Cuba to change the one-to-one exchange rate to the dollar after the Cuban people have shown such confidence in the Cuban…

Bank of Israel promotes 20 percent of staff

A press report said this week that Bank of Israel governor David Klein has decided to promote 20 per cent of the central bank's staff, with salary increases of between 10 and 15 per cent. Haaretz said the move was made without consulting the workers…

RBI names Gopinath as key department head

Shyamala Gopinath, a deputy governor in the Reserve Bank of India, took charge of the key departments of monetary policy and internal debt management this week following Rakesh Mohan's move to Economic Affairs secretary in the government.

CBN may lose 2,000 staff

The Central Bank of Nigeria may lose up to 2,000 staff as part of a restructuring of the bank, press reports said this week. The majority of the affected employees work in four departments which are to be phased out as part of the plans, Vanguard said.

List of Greenspan successors shrinks

The re-election of President George Bush sharply narrows the field of candidates to succeed Alan Greenspan as Federal Reserve chief, this article says. Steven Cecchetti is quoted as saying Martin Feldstein is the unconditional best candidate.

Dallas Fed's McTeer says 'Goodbye and howdy'

Federal Reserve Bank of Dallas President Bob McTeer resigned on Thursday 4 October to become chancellor at Texas A&M University, ending a 36-year career in the Federal Reserve system. In a statement posted on the Dallas Fed's website on Thursday titled …

Ukrainian election heads for runoff vote

The top two candidates to succeed Ukrainian President Leonid Kuchma are heading for a run-off vote on 21 November, after neither won a majority in the first round. Former governor of the National Bank of Ukraine Viktor Yushchenko is one of the candidates.

Sveriges Riksbank alters management forms

At its meeting on 13 October, the Executive Board of the Sveriges Riksbank decided to make certain changes in the way the bank is managed. Responsibility of members of the Executive Board for preparing matters from the departments will be replaced by a…

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