Governance
Governors serve unlimited terms in half of central banks
While term length averages five years, majority of governors can be dismissed early
Trump taps Bowman to become Fed’s vice-chair for supervision
Designated chief regulator has opposed Basel III endgame and pushed for lighter capital rules
Smaller central banks more likely to manage government debts
Consumer protection widely overseen in larger institutions
Obituary: Liu Hongru, 1930–2025
Former PBoC deputy governor left influential legacy in China’s modernisation of banking and finance
People: BNM appoints deputy and assistant governors
CNB makes appointments in internal audit and economic modelling divisions
Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
Olli Rehn appointed to second term at Bank of Finland
Governor joins European central bankers in warning of economic and geopolitical uncertainty
UK regulators cancel plans to impose new diversity rules
BoE’s PRA among supervisors stating that regulations could be ‘in tension’ with focus to drive growth
People: Sarah John to become BoE’s COO
Plus: Bank of Russia’s former deputy governor joins commercial lender VTB
Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed
RBNZ governor unexpectedly resigns
Adrian Orr ends term early without giving reason as Christian Hawkesby temporarily takes over
Thailand picks central bank chair after long delay
Panel selects government candidate after previous nomination nullified, media reports
Tunisia’s president calls for say in setting monetary policy
Saied reportedly makes demand during meeting with central bank governor
ECB looks to change staff committee rules
Staff committee says changes are “clear retaliation” for its survey of Lagarde’s performance
Bangladesh pursues ex-governor for alleged embezzlement
Atiur Rahman denies involvement in case involving approval of $24 million in loans
Former BoE division head calls for greater focus on trust
Ex-macro-pru official says policy-makers need to monitor public’s confidence in central banks
Riksbank makes Skr36 million profit in 2024
However, Swedish treasury will not benefit as central bank failed to reach its target equity level
Knot makes case for ‘international monetary diplomacy’
DNB governor says dream of a rules-based international order must be kept alive
Former Curaçao central bank execs told to repay misappropriated funds
CBCS’s ex-president ordered to pay back more than $1 million
Lebanese prosecutor asks Trump ally to investigate Salameh
Official writes to president’s Middle East adviser asking for inquiry into BdL’s ex-governor