He says that bank chiefs have been expressing concern over regulation:

The central bank chief showed a willingness to allow the money supply to grow at a faster rate, a move that would ease credit.

A spokesman for the European Commission said the changes had been agreed by the community's finance ministers and central bank chiefs at night.

The new central bank chief predicted that "the maximum nominal devaluation this year should remain between 12 and 15 percent."

Federal prosecutors confirmed earlier this week that they have been investigating the central bank chief since June.

It should be mandatory reading for current and would-be bank chiefs - and their regulators.

The current generation of bank chiefs came to power in the late 1980's and early 1990's, when banks were failing.

The dollar, however, found some strength against the yen, after the Japanese central bank chief reiterated that interest rates would not be raised soon.

All bank chiefs have met at least once with him.

In 2009, Global Finance magazine, named her as one of the world's best central bank chief.