Governance
ECB welcomes draft Cyprus law changing governance of central bank
But ECB advises government to resolve confusion over reserve levels
Malaysian central bank to take part in 1MDB investigation
Lead roles in probe taken by former attorney general and anti-corruption officials
People: Finland’s Rehn confirmed; Kalyalya gets extension
Olli Rehn gets top job at Finnish central bank; Denny Kalyalya handed additional five years as head of Bank of Zambia
Staff begin return to RBNZ HQ after asbestos scare
Central bank has been in “business continuity mode” but some staff have now returned
San Francisco Fed stresses diversity in search for new president
Mark Gould to serve as interim head as Williams takes over NY Fed
US sanctions Iranian central bank governor
Valiollah Seif and another senior official accused of transferring funds to militant group
New Zealand governor accused of making partisan comments
As a fund CEO, Orr said he gave up funding earthquake rebuild; some interpreted his remark as an attack on the previous government
People: Weidmann re-elected as chair of BIS board
Korea appoints deputies; new Malaysian prime minister appoints team of economic advisers; new vice presidents in Richmond and Atlanta
Mauritius postpones MPC meeting due to ‘administrative matters’
Central bank moves meeting to May 30 after prime minister appoints three new members to MPC, which is now at full capacity
South Sudan president sacks central bank governor again
Country faces “enormous economic and humanitarian challenges”, says IMF staff report
Bank of England should have ‘green’ mandate – report
Activist group says BoE should be given explicit mandate which would see climate sustainability on par with price stability
People: Nigeria gets two new deputy governors
Aisha Ahmad and Edward Adamu able to start work after political deadlock ends
Philip Lane on systemic risk, transparency and Brexit
The Central Bank of Ireland governor speaks with Dan Hardie and Chris Jeffery about transparency, shadow banking, ECB succession and tackling systemic banking risk in the eurozone
New Nigerian MPC members voice concerns over balancing act
Committee able to meet after lawmakers lift boycott of president’s candidates
UK regulators fine Barclays chief for whistleblowing failure
PRA and FCA say Jes Staley undermined protections for whistleblowers; bank expected to implement stronger controls
Listening devices found at Central Bank of Curaçao and Sint Maarten
Board admits devices were found, but does not say who placed them
Irish central bank may force banks to act on gender diversity
Deputy governor Donnery says central bank may act if voluntary agreements do not work
IMF says Ghana should change law to prevent monetary financing
Directors commend recent progress in reducing inflation but call for stronger safeguards
Book notes: I do what I do, by Raghuram Rajan
This collection of speeches and commentary sheds light on how the ‘rockstar’ central banker operated, but it reveals little in the more controversial areas of Rajan’s governorship
People: Carney gets new senior adviser
Bank of England creates new senior adviser role; IMF appoints chief information officer; and more