NEWSMAKERS- Danmarks Nationalbank appoints new governor
- Bernanke sworn in as White House adviser
- IMF’s Dawson announces plans to leave Fund
- Philadelphia Fed head receives Italian civic honor
- Magistrate says T&T central bank filing ‘archaic’
- ”Crazy”, says Noyer
- Peru's economy minister is IADB candidate
- Brazil's Lula says central bank chief to stay
- Bank of Guyana appoints new governor
- Interview with Bank Indonesia’s senior deputy
- Former Bundesbank chief Pohl joins bank board
- Bush says replacing Greenspan will be hard
- Who will fill Greenspan's shoes?
- Sao Tome names central banker new prime minister
- Kenneth Rogoff appointed new adviser to Riksbank
- Former Buba president takes job at Russian bank
- Turkmen central bank chief fired
- Ex-Thai central bank chief ordered to repay $4.6bn
- IADB president announces his resignation
- Bell to leave Bank of England’s MPC
- Zhou Xiaochuan joins the Group of Thirty
Danmarks Nationalbank appoints new governor
Nils Bernstein, a senior
government official, was named the new governor of Denmark’s central
bank on Wednesday 22 June.
Bernanke
sworn in as White House adviser
Ben Bernanke was sworn in as chairman of President George W. Bush's Council
of Economic Advisers on Tuesday 21 June, leaving his post as a Federal
Reserve member. The US Senate Banking Committee had on Thursday
9 June approved the Bernanke’s nomination, after which the full
Senate gave it a final vote.
Philadelphia Fed head receives Italian civic honor
The Consul General
of Italy recently presented the prestigious Italian recognition of “Cavaliere,”
an honorary knighthood, to Anthony Santomero, president of the Federal
Reserve Bank of Philadelphia.
Magistrate
says T&T central bank filing ‘archaic’
Chief Magistrate Sherman McNicolls said this week he was "really
alarmed" by the record filing system at the Central Bank of Trinidad
and Tobago, the Trinidad and Tobago Express reported.
”Crazy”,
says Noyer
In an interview published this week Bank of France governor and European
Central Bank council member Christian Noyer said it was “crazy”
to think that an interest rate cut in isolation can boost euro zone growth.
Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.
Brazil's
Lula says central bank chief to stay
Brazilian President Luiz Inacio Lula da Silva has said he will keep central
bank President Henrique Meirelles in his post, denying a report in O Estado
de S. Paulo newspaper that he was planning to replace the embattled central
bank chief.
Bank
of Guyana appoints new governor
Lawrence Williams has taken up his new appointment as Governor of the
Bank of Guyana, indicating that the focus of the BOG would be "on
fostering the development of the financial systems".
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Interview with Bank Indonesia’s senior deputy
Miranda Goeltom, senior deputy governor at Bank Indonesia, has said tighter
central bank rules on foreign exchange trading unveiled by Indonesia last
month are aimed primarily at stemming inflation and the weaker rupiah
that is accompanying it.
Former
Bundesbank chief Pohl joins bank board
Ahli United Bank (AUB) in Bahrain announced that former Bundesbank president
Dr Karl Otto Pohl was to join the bank as board of directors senior adviser.
Bush
says replacing Greenspan will be hard
President Bush has said
that finding a replacement for Federal Reserve chairman Alan Greenspan
is going to be a tough job, fuelling speculation that Greenspan
might remain in his post for ever.. .
Who
will fill Greenspan's shoes?
This article published on Thursday
26 May speculates on Alan Greenspan’s successor at the Fed. Ben
Bernanke will have to abandon his preference for Hawaiian shirts and Bermuda
shorts, it says, while Martin Feldstein looks risky given his outspokenness
and membership on the board of troubled insurer AIG. And Glenn Hubbard’s
staunch defence of Bush tax cuts will not endear him to Democrats.
http://www.businessweek.com/bwdaily/dnflash/may2005/nf20050526_7221_db016.htm
Sao
Tome names central banker new prime minister
The president of Sao
Tome, a tiny African archipelago, named the head of the country's central
bank as the new prime minister late on Tuesday 7 June.
Former
Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in
April last year after criticism for accepting a free hotel stay from a
commercial bank, has been appointed independent board member at a bank
in southern Russia, Russian media reported Friday.
Turkmen
central bank chief fired
Shekersoltan Muhammedova, the
acting governor of Turkmenistan's central bank, was sacked this week for
alleged "grave shortcomings and embezzlement of state funds,"
according to the BBC Monitoring Service which quoted the translation of
a report on Turkmen TV channel Altyn asyr.
Ex-Thai
central bank chief ordered to repay $4.6bn
Here’s a story to make governors nervous. The former governor of
Thailand’s central bank, Rerngchai Marakanond, has been ordered
to pay back the Bt186bn (US$4.57bn) spent in the futile defence of the
currency on the eve of the 1997 Asian financial crisis.
IADB
president announces his resignation
The president of the Inter-American
Development Bank, Enrique V. Iglesias, on Tuesday informed the IDB Board
of Executive Directors that he is resigning his post, effective September
30, 2005.
Bell to leave Bank of England’s MPC
The UK Chancellor, Gordon Brown
announced the appointment of David Walton to the Bank of England’s
Monetary Policy Committee (MPC) to succeed Marian Bell. The appointment
took effect on 1 July.
Following the Spring meeting of the Group of Thirty in Warsaw, Poland, the Group announced on Tuesday 24 May the addition of Zhou Xiaochuan, Governor of the People’s Bank of China, to the membership of the Group.
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