Making Central Bank Governance Effective

Financial crisis and increased responsibility for financial stability have focused attention on central bank governance.  Achieving effective oversight of specialised technical functions - without undermining institutional independence - demands the right people, processes and culture.  Who should serve on a central bank board?  What capabilities and qualities should those directors have?  How can a governance body add distinctive value to a central bank?



John Mendzela’s interview for Central Banking Publications first appeared in June 2011 and is under copyright.  If you use or quote from this material please attribute it to the author and publisher.

View the interview