Governance
Governors at four in five central banks left before their term ended
Countries with highest governor turnover were experiencing political instability
Four in 10 central banks have legal right to be consulted on mandate changes
Most have legal restrictions on their ability to use monetary financing to fund the government
BoE recognises Ukrainian bail-in at centre of dispute
Decision likely to be seen as important endorsement of NBU’s action over scandal-hit lender
UN effort to reunify Libyan central banks hits problems
One faction demands governor’s replacement as civil war weighs on oil and banking sectors
Iranian prosecutors indict former governor
Seif charged with “wasting” reserves in case that some argue is politically motivated
Brazilian opposition and prosecutor challenge central bank law
Former president’s party argues law giving central bank more autonomy is unconstitutional
Friends say Myanmar deputy governor still alive
Bo Bo Nge’s whereabouts are unknown but military junta denied rumours of his death this month
The evolving ‘strategy function’ in central banks
Some institutions participating in a survey of 27 central banks still struggle to fully harness an effective ‘strategy function’, according to the ECB’s Jean-Charles Sevet and Alejandro de la Cuesta
Ecuadorian lawmakers pass central bank independence law
IMF demanded measure to create autonomous board and bar monetary financing
BoE publishes emails showing unsuccessful lobbying by former PM
David Cameron urged BoE to support Greensill Capital during pandemic, correspondence shows
Jamaican law increases central bank independence
New act gives rate-setting responsibility to monetary policy committee
Governors Nabiullina, Tabaković and Bezhoska on systemic risk and women in power
Russia, Serbia and North Macedonia governors discuss bank reforms, corruption and the Covid-19 crisis
FCA chief announces launch of fintech ‘nursery’
Rathi also says social media firms should be held accountable for products they advertise
Zhang Tao on the IMF’s fintech agenda, CBDCs and big tech oversight
IMF deputy managing director speaks about the fund’s perspectives on CBDC operating frameworks, regulating big tech and macrofinancial oversight in a digital world
BoE and Treasury launch CBDC task force
Central bank also forms new division to lead “internal exploration” of digital currency
Argentine court drops charges against governor
Former governor Alejandro Vanoli and other officials cleared in dollar futures scandal
Syrian president fires central bank chief
Karfoul struggled to deal with further sharp slide in Syrian currency amid civil war, reports say
Emerging-market central banks lead on women’s empowerment
EME central banks have more women at staff level and in senior positions, but there are deep disparities worldwide, with childcare availability appearing to be a major cause
Chief economist Haldane to leave BoE
Influential thinker on regulation and monetary policy leaves UK central bank to lead think-tank
Ecuador presidential election makes central bank reform likely
President-elect favours measure granting autonomy to central bank
Regulating big tech and non-bank financial services in the digital era
Big tech incursions into financial services in China and elsewhere demonstrate the potential benefits of adopting a digital-bank or holding-company approach to financial regulation
Lebanese finance ministry and central bank clash over forensic audit
Central bank to release documents to independent auditors this month, finance ministry says
Republican senator accuses Fed of politicising research
Toomey demands documents from San Francisco Fed on climate and racial justice studies
Cyber security and retaining top talent are biggest tech challenges
Keeping abreast of fintech developments also tests institutions