Governance
The twilight of banking supervision
Supervision of banks in Europe has deteriorated, rather than improved, since the advent of the eurozone crisis
Turkish governor is dismissed after clash with president
Erdoğan says governor refused his demands to cut rates, local media reports
World’s longest-serving governor given further term
Mugur Isărescu, in office since 1990, will serve again after overcoming political hostility
Trump nominates two candidates for Fed board
Judy Shelton and St Louis Fed’s Christopher Waller will now face Senate confirmation hearing
ECB welcomes Cypriot state’s rethink on central bank law
Law allows recapitalisation of the central bank if necessary and clarifies powers to dismiss directors
New Zealand watchdog criticises next Irish governor
But Ireland’s finance minister says Gabriel Makhlouf will still take up role in September
BIS to scale up banking services as part of new strategy
“Innovation BIS 2025” envisages broader research agenda and new channels of co-operation
Italy’s central bank plans could break EU law – ECB
The ECB is challenging the Italian coalition’s plans to take control of gold reserves and central bank shares
People: Sarb deputy governor retires after 10-year term
China appoints vice-finance minister to MPC; senior Bank of Finland official joins IMF executive board.
Bosnian central bank board members sacked by president
Reasons for move are unclear but may have political repercussions
RBI deputy Acharya quits early
Viral Acharya was outspoken on issues of independence
Ramaphosa confirms Sarb mandate remains unchanged
South African president defends central bank independence following attacks from his party
Ukrainian court bars central bank deputy governor from carrying out duties
Central bank says court ruling breaks law, as legal battle over nationalised lender continues
El Salvador appoints new central bank chief
Seasoned civil servant Carlos Federico Paredes appointed by new political outsider president
Afghan governor resigns, citing health reasons
Central bank faces major challenges in war-torn country, but IMF recently praised progress
Latvian state changes top regulators over AML
Law had to be passed to meet international concern over money-laundering, prime minister says
Next Bank of Jamaica governor chosen
Businessman and financier Richard Byles to take over on August 19
BoE unveils strategic priorities for 2019
Annual report says focus will remain on Brexit, but resilience, fintech and an overhaul of the BoE’s own operations are also priorities
Call to arms on climate change
Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change.
Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
National Bank of Romania veteran governor speaks to Christopher Jeffery about the country’s shift to a market economy, challenges in the eurozone and independence in a ‘post-truth’ world
ECB queries changes to Austrian central bank law
But collapse of government puts future of draft law and identity of next governor in doubt
Green solutions – Supporting our clients along their green investment value chain
From extreme weather to transition risks, the systemic challenge of climate change lies in the interconnectedness of risk. Amundi is helping to shape solutions by integrating climate risks across its asset classes and pushing public debate forward.
Climate change – Where can central banks contribute?
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
New Zealand opens formal inquiry into next Irish governor
Irish finance ministry makes no comment as former deputy says Donnery should have been appointed