Mark Carney

MAS chief Ravi Menon said to be shortlisted to head global financial watchdog

SINGAPORE (Oct 1): Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), is said to be in the running to head the Financial Stability Board, the watchdog for the global financial system, according to Bloomberg.

Citing people familiar with the matter, who asked not to be named because the selection process is private, the report says Menon is on the list of potential successors to replace Bank of England governor Mark Carney, who will step down on Dec 1 after serving two terms as FSB chairman.

Yen weaker on BOJ easing talk, BOE's 'Super Thursday' in focus

yen

LONDON (May 12): The yen fell on Thursday as investors sold the currency amid speculation that the Bank of Japan could decide to expand its monetary stimulus as soon as next month.

Talk of more action gathered pace after prominent Japanese academic Takatoshi Ito said the BOJ is likely to expand monetary stimulus either in June or July. Ito is said to have close ties to Governor Haruhiko Kuroda.

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