Governance
RBI to harmonise ‘liquidity norms’ between banks and non-banks – Das
Governor says non-banks have not always maintained good risk management practices
People: Brazilian government nominates World Bank official for deputy governor role
Sri Lanka names monetary policy board member; Bank of Ghana governor appointed to FSB role
Erdoğan sidelines senior central bank officials
Move follows dismissal of governor Murat Çetinkaya in July
NY Fed splits markets group and seeks two EVPs
Monetary policy implementation to be split from markets group after Potter’s departure
MAS issues ‘cyber hygiene’ rules; eases sandbox barriers
Regulator aims to prevent cyber crime through basic measures while offering some fintechs access to its sandbox within 21 days
Former Fed chairs stress importance of central bank independence
President Donald Trump has repeatedly criticised chair Jerome Powell for keeping interest rates too high
Irish officials increase criticism of incoming governor
Media reports that former governors and ECB all raised concerns over Makhlouf’s appointment
Mexican president pressures central bank to focus on growth
Bank of Mexico should cut interest rates “to kickstart the economy”, says Andrés Manuel López Obrador
Maldives governor resigns amid scandal
Governor accused of interfering in money-laundering investigation
IMF must do better in policing currency manipulation – RBI’s Das
Governor says shortcomings in IMF surveillance have led to US pressure on alleged manipulators
Turkish government may shift central bank to Istanbul
No official response to reports that finance ministry and central bank will move in next two years
The tricky business of electing a new IMF managing director
New leadership will face overrepresentation of advanced economies and possibility of dwindling resources
Gold accumulation after WWII driven by governors’ habits – research
Bretton Woods never worked as intended due in part to persistence of gold standard practices
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
Iceland’s government appoints new central bank governor
Economics professor and former banking executive takes over as central bank warns of recession
Politicians and courts put pressure on Ukrainian central bank
National Bank of Ukraine alleges “coercion” by courts as former owner of failed lender returns
Bankers join Liberian central bank board after Senate U-turn
Lawmakers reverse decision and accept candidates in secret session as concerns mount
ESM shakes up management structure
EU agency adds board member and new divisions to prepare for expanded role
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
Lagarde resigns as IMF managing director
Selection process to find successor will start “promptly”, IMF says
Five reasons why Mark Carney should head the IMF
The outgoing Bank of England governor has all the requisite skills
South African president reappoints Sarb governor
Ramaphosa gives second term to Kganyago, who has defended central bank’s independence
Mexican peso falls on finance minister resignation
Crisis complicates inflation outlook and fuels fear of political interference in independent institutions
Three EU central banks hail success of Belarus project
Capacity-building project was first such EU mission in country noted for strong Russian links