Commentary: Banxico independence faces scrutiny
By Danae Kyriakopoulou in Mexico City
Central banks, traditionally considered harmless technocratic institutions, have come under intense scrutiny since the 2008 financial crisis. A distinct set of tensions is unfolding between Mexican President Andrés Manuel López Obrador and the country’s central bank.
These follow the president’s decision to cut his salary as part of a governmental austerity drive. This indirectly affects other top civil servants, including Banco de México officials, as Mexico’s constitution stipulates no public official can earn more than the president.
Read the full commentary on the website.
Meeting: Innovation and sustainability for Islamic finance
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Friday 15 February, London, 07:45 GMT
Over the past two decades, Islamic finance has expanded rapidly, at a rate of around 10%-12% annually. The role it can play in promoting sustainable growth is attracting increasing attention in both Muslim and non-Muslim majority countries. At this roundtable, Mohamad Akram Laldin, a member of Bank Negara Malaysia’s sharia advisory council, will discuss how innovation can contribute to advancing sustainable initiatives as Islamic finance gains popularity.
Request to attend the meeting.
