Governance
RBNZ plans update to monetary policy and prudential regulation
Changes are among several priorities outlined in 2018–21 statement of intent
Sri Lanka governor hits back at critics amid GDP muddle
Governor dismisses accusations that deputy made mistakes in compiling GDP figures
Bank of Jamaica’s Wynter on the path to inflation targeting
Bank of Jamaica’s governor talks about revamping accountability, communications and operations as the central bank embraces inflation targeting
People: new RBI deputy; Ingves to chair Toronto Centre
ECB appoints director general of micro-prudential supervision; HKMA has new executive director of financial infrastructure; Liberia appoints new board
Vietnamese ex-deputy governor stands trial for negligence
Former deputy governor failed to prevent $655m fraud, authorities say
Malaysian government names Nor Shamsiah Mohd as new governor
Former deputy governor led investigation of 1MDB and recommended prosecution
Ethiopian government appoints new bank governor
No reason given for replacement as new prime minister announces major economic liberalisation strategy
Sudanese central bank president dies in Turkey
Hazem Abdelqader had served 18 months, and was the third governor since March 2011
Two women appointed to top BoE committee
Julia Black and Jill May will sit on the Prudential Regulation Committee
Central bankers share vision for ‘business as usual’ big data
Panellists offer advice on how to build the infrastructure for good data governance
People: US Senate committee approves two Fed governors
Philippines appoints monetary board member; Cleveland Fed appoints director at Pittsburgh branch
Malaysia central bank governor resigns
Muhammad Ibrahim quits amid intensifying pressure over land purchase and 1MDB scandals
Federico Sturzenegger on Argentina’s efforts to create a credible central bank
The Central Bank of Argentina governor, in his last interview before leaving office, speaks about panic in emerging markets, the IMF bailout, and bringing to an end high inflation and monetary financing
Book notes: Unelected power, by Paul Tucker
Tucker’s well-argued text sets out a set of principles for those in unelected positions of power to ensure they continue to act for the benefit of the general public, but Reddell says it is a shame more attention is not paid to smaller central banks
ECB welcomes draft Cyprus law changing governance of central bank
But ECB advises government to resolve confusion over reserve levels
Malaysian central bank to take part in 1MDB investigation
Lead roles in probe taken by former attorney general and anti-corruption officials
South Korea will publish data on forex interventions
US Treasury report called recent South Korean forex moves “concerning”
Risk-based supervision focus report 2018
This first Central Banking journal focus report on risk-based supervision analyses how central banks, financial regulators and financial institutions can streamline efforts to meet onerous new regulatory and supervisory data requirements.
People: Nigeria gets two new deputy governors
Aisha Ahmad and Edward Adamu able to start work after political deadlock ends
Artificial intelligence: The future of regulation?
The raft of new rules imposed on regulated financial institutions in the aftermath of the global financial crisis has a huge compliance cost. Could artificial intelligence offer efficiency gains?
Listening devices found at Central Bank of Curaçao and Sint Maarten
Board admits devices were found, but does not say who placed them
Official reserve management in the 21st century
A lack of operational clarity and reluctance to view reserve portfolios holistically have prevented optimal, rules-based approaches to reserve management becoming commonplace. BlackRock‘s Terrence Keeley, Stuart Jarvis and Michael Palframan explain how…
The IFF China Report 2018: The Bay Area Development
The Guangdong–Hong Kong–Macao Great Bay Area represents an effort to co-ordinate development to create globally competitive city clusters at the start of the Maritime Silk Road in southern China. These efforts are focussed in particular on innovation,…
Andreas Dombret on ECB policy, deposit insurance and Basel III
The Deutsche Bundesbank executive board member speaks about exiting QE, the viability of European deposit insurance, the German banking system and doing a deal on Basel III