US: The US Senate has confirmed the appointment of Randal Quarles as a Federal Reserve governor and the central bank’s first official head of supervision.
The vote was split 65–32, with several Democratic senators voting against the candidate, who is widely seen as being likely to soften some of the US’s post-crisis regulations.
Quarles received a grilling on his suitability for the role during senate hearings in July. Senator Elizabeth Warren accused him of “spinning through the revolving doo
- Latvian police detain central bank governor on corruption charges
- Ireland withdraws Lane’s nomination for ECB vice president
- Saudi Arabia’s Alkholifey on economic restructuring, reserves and cyber security
- Central banks mull securities lending as response to low yields
- ECB orders Latvia to shutter bank over laundering allegations