From upscale department store Neiman Marcus to organic grocer Whole Foods, major luxury retailers and grocery chains are playing musical chairs in C-suites and boardrooms as they streamline management and change creative roles amid declining in-store sales.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population
Global Finance Grades The World’s Central Bankers 2015
Global Finance Grades The World’s Central Bankers 2015
Advertisement
NEW YORK, August 24, 2015 — Global Finance magazine has named the heads of the Central Banks of the Czech Republic, the European Union, India, Israel, Malaysia, Paraguay, Peru, the Philippines, and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of a prestigious “A” grade on Global Finance’s Central Banker Report Cards.
In addition, the Central Bankers of Colombia, Saudi Arabia and the United States earned “A-” grades.
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 75 key countries (and the European Union) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance down through “F” for outright failure.) Subjective criteria also apply. This year, 5 central banks are being graded for the first time (Botswana, Iceland, Namibia, Paraguay and Uganda).
Global Finance publisher and editorial director Joseph Giarraputo notes, “Global economies are starting to recover. This comes despite a number of challenges, including a strengthening US dollar and the end of the Federal Reserve’s easy money policy. Central bankers remain crucial in overcoming these hurdles. Sound monetary policies can dampen the effects of currency swings and rising interest rates—and thus spur economic growth. As our scores show, some central banks have fared better than others in devising such policies. Our grades also reflect the willingness of central bankers to stand up to political interference as well as their ability to influence government policies on spending and foreign investment.”
The full Central Banker Report Cards 2015 report will be published in the October issue of Global Finance.
The Central Bankers earning an “A” rating in the Global Finance Central Banker Report Card feature publishing in the October issue are:
Czech Republic
Miroslav Singer
A
European Union
Mario Draghi
A
India
Raghuram Rajan
A
Israel
Karnit Flug
A
Malaysia
Zeti Akhtar Aziz
A
Paraguay
Carlos Fernandez Valdovinos
A
Peru
Julio Velarde Flores
A
Philippines
Amando Tetangco Jr.
A
Taiwan
Fai-Nan Perng
A
The Central Bankers earning an “A-” rating are:
Colombia
José Dario Uribe Escobar
A-
Saudi Arabia
Fahad al-Mubarak
A-
Unites States
Janet Yellen
A-
Full Listing | 2015 Central Banker Report Cards
CENTRAL BANKERS
2015 GRADE
2014 GRADE
The Americas
Argentina
Alejandro Vanoli
D
N/A*
Bolivia
Marcelo Zabalaga Estrada
B+
B
Brazil
Alexandre Tombini
B-
B-
Canada
Stephen Poloz
B-
B
Chile
Rodrigo Vergara
B+
A-
Colombia
José Dario Uribe Escobar
A-
A-
Costa Rica
Olivier Castro Pérez
B
B
Ecuador
Diego Martinez
Too early to say
B-
Guatemala
Julio Roberto Suarez
D
N/A*
Mexico
Agustin Carstens
B+
B
Paraguay
Carlos Fernandez Valdovinos
A
N/A**
Peru
Julio Velarde Flores
A
B+
United States
Janet Yellen
A-
Too early to say
Uruguay
Mario Bergara
B
N/A*
Venezuela
Nelson Merentes
D
D
Europe
Belarus
Pavel V. Kallaur
Too early to say
N/A*
Bulgaria
Dimitar Radev
Too early to say
N/A*
Czech Republic
Miroslav Singer
A
B+
Denmark
Lars Rohde
B+
B+
European Union
Mario Draghi
A
A-
Hungary
György Matolcsy
B
B-
Iceland
Már Guomundsson
B+
N/A**
Norway
Oystein Olsen
B+
B-
Poland
Marek Belka
B
B-
Romania
Mugur Isarescu
B
B
Russia
Elvira Nabiullina
B
B
Sweden
Stefan Ingves
B
B+
Switzerland
Thomas Jordan
B+
A
Turkey
Erdem Basci
C
B-
Ukraine
Valeria O. Gontareva
C
Too early to say
United Kingdom
Mark Carney
B
B-
Asia
Australia
Glenn Stevens
B
B+
Azerbaijan
Elman Rustamov
C
C
Bangladesh
Atiur Rahman
B-
C
China
Zhou Xiaochuan
C
B-
Hong Kong
Norman Chan
B
B
India
Raghuram Rajan
A
A
Indonesia
Agus Martowardojo
B-
B
Japan
Haruhiko Kuroda
B
B+
Kazakhstan
Kairat Kelimbetov
B-
C
Malaysia
Zeti Akhtar Aziz
A
A
New Zealand
Graeme Wheeler
B
B
Pakistan
Ashraf Mahmood Wathra
B-
Too early to say
Philippines
Amando Tetangco Jr.
A
A
Singapore
Ravi Menon
B-
B
South Korea
Lee Ju Yeol
B
Too early to say
Sri Lanka
Arjuna Mahendran
Too early to say
N/A*
Taiwan
Fai-Nan Perng
A
A
Thailand
Veerathai Santiprabhob
Too early to say
N/A*
Uzbekistan
Fayzulla Mullajanov
C-
D
Vietnam
Nguyen Van Binh
B-
B-
Middle East & Africa
Algeria
Mohammed Laksaci
B
B-
Angola
José Pedro de Morais
Too early to say
N/A*
Bahrain
Rasheed Mohammed Al Maraj
B-
B-
Botswana
Linah Mohohlo
B+
N/A**
Egypt
Hisham Ramez
B
B
Ethiopia
Teklewold Atnafu
B+
B-
Ghana
Henry Kofi Wampah
C
C
Iraq
Abdul Basit Turki
C
B-
Israel
Karnit Flug
A
A
Jordan
Ziad Fariz
B+
B
Kenya
Patrick Njoroge
Too early to say
N/A*
Kuwait
Mohammad Yusuf Al-Hashel
B-
B+
Lebanon
Riad Salamé
B+
B
Morocco
Abdellatif Jouahri
B+
B
Namibia
Ipumbu Shiimi
B
N/A**
Nigeria
Godwin Emefiele
C
Too early to say
Oman
Hamood Sangour Al Zadjali
B+
B
Qatar
Abdullah Saud Al-Thani
B+
B
Saudi Arabia
Fahad al-Mubarak
A-
A
South Africa
Lesetja Kganyago
B+
N/A*
Tunisia
Chedly Ayari
B-
B
Uganda
Emmanuel Tumusiime-Mutebile
B
N/A**
United Arab Emirates
Mubarak Rashid Al Mansouri
B
N/A*
* Central Bank governor was graded in 2014, however a different governor held the office.
** New country addition to the Central Bank Report Cards in 2015, therefore no grade was given in 2014.
For editorial information please contact: Andrea Fiano | afiano@gfmag.com
To obtain rights to use Global Finance’s World’s Best Banks 2015 logo, please contact:
Chris Giarraputo | chris@gfmag.com
The unauthorized use of Global Finance Award logos is strictly prohibited.
***When referencing this release, please include a link to GFMag.com and a link to this coverage of these awards as well as the ‘About Global Finance’ paragraph below. Thank you.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.