Governance
Boards are the main authority for benchmark approvals
Risk management teams tend to lead effort to propose new benchmarks
Mauritius governor defends central bank’s funding of government
“Unprecedented times” require “unprecedented set of measures” including $1.5bn funding of government, says Harvesh Seegolam
Netherlands nominates Frank Elderson to the ECB board
NGFS chair would replace Yves Mersch, whose term expires in December 2020
Central Banking’s strategic changes for a new era
New institute, benchmarks, virtual training and online event weeks launched
Ukraine replaces deputy governor as more senior officials leave
Latest change at central bank comes as donors watch closely for signs of interference
Book notes: Quest for restoring financial stability in India, by Viral Acharya
A definitive contribution to the political economy of central banking in emerging economies, but Acharya does not acknowledge the challenges moving forward
Japan’s economy needs bolder policies
PM Abe announces decision to step down with many goals still unachieved
Liberian court acquits all defendants in central bank trial
Judge strongly criticises decision to try former governor who president accused of corruption
People: IMF appoints strategy head
Pazarbasioglu moves back to IMF; Lithuanian president appoints central bank board member
IMF criticises sacking of Zambian governor
Statement says governments should safeguard independence but language is notably restrained
Norwegian SWF head sells holdings in bid to end dispute
Nicolai Tangen and central bank try to halt major controversy over possible conflict of interests
Former Fed officials urge Senate to reject Shelton
Trump nominee’s views are “extreme”, officials say, as two Republican senators pledge opposition
Turkey holds rates but raises reserve ratios
Move appears to be attempt to stem fall in currency despite president’s opposition to rate hikes
IMF staff present details of Afghan deal
Proposed deal does not mention controversy over suspensions of central bank officials
Liberia puts central bank board members on trial
Former governor and board members are latest to face charges over allegedly missing banknotes
Computing platforms for big data and AI
Implementing big-data and high-performance computing platforms is critical to support machine learning applications. Rafael Schmidt and Bruno Tissot offer insights on developing a comprehensive information strategy
Lebanon aid depends on reform – IMF
Georgieva sets banking bail-in and further audit of central bank as conditions for emergency aid
More changes at top of NBU as donors watch closely
Council approves new deputy governor as NBU confirms strategy director has left
Norges Bank stands by Tangen amid fresh criticism
Head of supervisory board says central bank broke rules in appointing Nikolai Tangen
Lebanese central bank orders interest-free loans after explosion
Move comes despite banking sector lacking dollars and reports of massive capital shortfalls
Turkish central bank issues brief statement as lira hits record low
Lira hits lowest-ever level against dollar and euro as central bank’s response remains unclear
IMF supports Riksbank’s criticism of proposed central bank law
Swedish lawmakers propose separating monetary and financial stability measures
Fears over political pressure as senior Ukrainian officials resign
Deputy governor and communications head leave NBU as controversy continues
Cypriot judges end second trial of ex-governor
Prosecutors should not have tried Christodolou twice over alleged bribe payment, judges rule