List of speakers

Christine Lagarde

Since November 2019, Christine Lagarde has been the President of the European Central Bank. Between 2011 and 2019, she served as the Managing Director of the International Monetary Fund (IMF). Prior to that she served as French Economic Finance Minister from 2007 to 2011 after having been Trade Secretary from 2005 to 2007. A lawyer by background, she practiced for 20 years with the international law firm Baker McKenzie, of which she became global chairman in 1999. In all such positions, she was the first woman to serve.

In 2020, Lagarde was ranked the second most influential woman in the world by Forbes and has been named by TIME as one of the 100 most influential people in the world. Christine Lagarde was named Officier in the Légion d'honneur in April 2012 and Commandeur dans l’ordre national du mérite in May 2021.

Viral Acharya

Viral V. Acharya is the C.V. Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern). He was a Deputy Governor at the Reserve Bank of India (RBI) during January 2017 to 23rd July 2019 in charge of Monetary Policy, Financial Markets, Financial Stability, and Research. He is a Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance, a Research Affiliate at the Center for Economic Policy Research (CEPR), and Research Associate of the European Corporate Governance Institute (ECGI). He is or has been an Academic Advisor to the Federal Reserve Banks of Chicago, Cleveland, Kansas City, New York and Philadelphia, and the Board of Governors, and provided Academic Expert service to the Bank for International Settlements, the International Monetary Fund and the World Bank. He is a member of the Climate-related Financial Risk Advisory Committee (CFRAC) of the Financial Stability Oversight Council for 2023-26, an invited member of the Bellagio Group of academics and policy-makers from central banks and finance ministries since 2021, and a member of the Financial Advisory Roundtable (FAR) of the Federal Reserve Bank of New York since 2020. His primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector, its regulation and its genesis in government- and policy-induced distortions, an inquiry that cuts across several other strands of research – credit risk and liquidity risk, their interactions and agency-theoretic foundations, as well as their general equilibrium consequences, as well as climate-change related risks.

Michael Barr

Michael S. Barr took office as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System on July 19, 2022 for a four-year term. He also serves as a member of the Board of Governors for an unexpired term ending January 31, 2032.

Prior to his appointment to the Board, Mr. Barr was the Joan and Sanford Weill Dean of the Gerald R. Ford School of Public Policy, the Frank Murphy Collegiate Professor of Public Policy, the Roy F. and Jean Humphrey Proffitt Professor of Law at the University of Michigan Law School, and the founder and faculty director of the University of Michigan's Center on Finance, Law & Policy. At the University of Michigan Law School, Mr. Barr taught financial regulation and international finance and co-founded the International Transactions Clinic and the Detroit Neighborhood Entrepreneurs Project.

Mr. Barr served as the U.S. Department of the Treasury's assistant secretary for financial institutions, 2009-2010. Under President William J. Clinton, he served as the Treasury Secretary's special assistant, as deputy assistant secretary of the Treasury, as special adviser to the President, and as a special adviser and counselor on the policy planning staff at the U.S. Department of State.

Additionally, Mr. Barr served as a law clerk to U.S. Supreme Court Justice David H. Souter during October Term 1993, and previously to the Honorable Pierre N. Leval, then of the Southern District of New York.

Mr. Barr received a BA in history from Yale University, an MPhil in international relations from Oxford University, and a JD from Yale Law School.

Bruno Bias

Bruno Biais holds a PHD in finance from HEC, received the Paris Bourse dissertation award and the CNRS bronze medal. He taught at Toulouse, Carnegie Mellon, Oxford, LSE, and now HEC. His research on finance, contract theory, experimental economics, political economy, blockchain, and monetary economics, is published in Econometrica, Journal of Political Economy, American Economic Review, Review of Economic Studies, Journal of Finance, Review of Financial Studies and Journal of Financial Economics. He was editor of the Review of Economic Studies and of the Journal of Finance. He is a fellow of the Econometric Society and the Finance Theory group and has been scientific adviser to the NYSE, Euronext, European Central Bank and Bank of England. He is currently member of the ASC of the ESRB.

Stephen Cecchetti

Stephen G. Cecchetti is Rosen Family Chair in International Finance at the Brandeis International Business School, Research Associate at the NBER, Research Fellow at the CEPR, and Chair of the Advisory Scientific Committee of the European Systemic Risk Board. From 2008 to 2013, Cecchetti served as Economic Adviser and Head of the Monetary and Economic Department at the Bank for International Settlements in Basel, Switzerland. From 1997 to 1999 he was Director of Research at the Federal Reserve Bank of New York. In addition, he has been on the faculty of The Ohio State University and the New York University Leonard N. Stern School of Business. In 2016, he received an Honorary Doctorate in Economics from the University of Basel.

Jón Daníelsson

Jón Daníelsson is director of Systemic Risk Centre and Professor of Finance at the London School of Economics. He has also worked for the Bank of Japan and the International Monetary Fund. Since receiving his PhD in the economics of financial markets , Jón’s work has focused on how economic policy can lead to prosperity or disaster, both the technical aspects of risk forecasting and the optimal policies that governments and regulators should pursue in this area. Jón has written three books: The Illusion of Control (Yale University Press, 2022); Financial Risk Forecasting (Wiley, 2011); and Global Financial Systems: `Stability and Risk (Pearson, 2013). He has also contributed numerous academic papers on systemic risk, artificial intelligence, financial risk forecasting, financial regulation and related topics to leading academic journals. At the LSE he teaches courses in technical risk forecasting and on how the global financial system operates.

Luis de Guindos

Since June 2018, Luis de Guindos has been the Vice-President of the European Central Bank.

Between 2016 and 2018, he served as the Minister of Economy, Industry and Competitiveness and from 2011 to 2016 as the Minister of Economy and Competitiveness. Prior to that (2010-2011) he was Director of IE Business School and PwC Centre for the Finance Sector, Head of Financial Services PricewaterhouseCoopers (2008-2009) and Chief Executive Officer Iberia, Lehman Brothers, and Chief Executive Officer, Nomura Securities (2006-2008).

Mr de Guindos also served as the Secretary of State for Economic Affairs and a member of the Economic and Financial Committee of the EU (2002-2004). From 2000 to 2002 he served as Secretary General for Economic and Competition Policy and prior to that as Director General (1996-2000).

He holds a BSc in Economics from the Colegio Universitario de Estudios Financieros in Spain where he graduated with honours in 1982 and in 1984 qualified as State Economist and Trade Expert.

Mathias Dewatripont

Mathias Dewatripont holds a BA (1981) and MA (1982) in economics from the Université Libre de Bruxelles (ULB) and a PhD in Economics from Harvard University (1986). Since 1990, he has been Professor of Economics at ULB (part-time between 2011 and 2017). He has widely published in the areas of contract theory, organization economics, innovation and banking and finance. His books include The Prudential Regulation of Banks (with Jean Tirole, MIT Press 1994), Contract Theory (with Patrick Bolton, MIT Press 2005), and Balancing the Banks: Global Lessons from the Financial Crisis (with Jean-Charles Rochet & Jean Tirole, Princeton University Press, 2010).

Between May 2011 and May 2017, he was Executive Director of the National Bank of Belgium (and its Vice-Governor between June 2014 and March 2015), being its representative on the Basel Committee on Banking Supervision (2011-2017), the Board of Supervisors of the European Banking Authority (2011-2014) and the Supervisory Board of the European Central Bank (2014-2017).

While a full-time Professor at ULB, between 1998 and 2011 he was part-time (7 weeks a year) Visiting Professor at the Massachusetts Institute of Technology and Research Director of the Centre for Economic Policy Research. Laureate of the 1998 Francqui Prize and of the 2003 Yrjo Jahnsson Prize for Economics, he was President of the European Economic Association in 2005. He was member of the Scientific Council of the European Research Council between 2005 and 2012. He is Member of the Académie Royale De Belgique and of Academia Europaea and Foreign Honorary Member of the American Academy of Arts and Science and of the American Economic Association. In 2019, he received a Honorary Degree from Universiteit Antwerpen.

Andrea Enria

Andrea Enria took office as Chair of the Supervisory Board of the European Central Bank in January 2019. Before that he was, from March 2011, the first Chairperson of the European Banking Authority. He previously served as Head of the Supervisory Regulations and Policies Department at the Banca d’Italia and as Secretary General of the Committee of European Banking Supervisors. He also held the position of Head of the Financial Supervision Division at the European Central Bank. Before joining the ECB he worked for several years in the Directorate General Research and the Directorate General Banking and Financial Supervision of the Banca d’Italia.

Mr Enria has a Bachelor’s degree in Economics from Bocconi University and a MPhil in Economics from Cambridge University.

Martin J. Gruenberg

Martin J. Gruenberg was sworn in as Chairman of the FDIC Board of Directors on January 5, 2023. He has been a member of the FDIC Board since August 2005 and previously served as Vice Chairman from August 2005 to July 2011 and as Chairman from November 2012 to mid-2018. Mr. Gruenberg has also served as Acting Chairman on a number of occasions.Mr. Gruenberg joined the FDIC Board after broad congressional experience in the financial services and regulatory areas. He served as Senior Counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993 to 2005. He also served as Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992. Mr. Gruenberg served as Chairman of the Executive Council and President of the International Association of Deposit Insurers (IADI) from November 2007 to November 2012. In addition, Mr. Gruenberg served as Chairman of the Federal Financial Institutions Examination Council from April 2017 to June 2018. Since June 2019, Mr. Gruenberg has served as Chairman of the Board of Directors of the Neighborhood Reinvestment Corporation (NeighborWorks America), and he has been a member of the Board since April 2018. Beginning February 15, 2022, Mr. Gruenberg assumed the role of Chairman of the Resolution Steering Group (ReSG) of the Financial Stability Board. Mr. Gruenberg holds a J.D. from Case Western Reserve Law School and an A.B. from Princeton University, Princeton School of Public and International Affairs.

Pablo Hernández de Cos

Pablo Hernández de Cos is Governor of the Banco de España and member of the Governing and General Council of the ECB. He is Chair of the BCBS, of the Board of Governors of the CEMLA and of the Advisory Technical Committee of the ESRB. He is member of various European and International Committees including the ESRB, the FSB, the BIS Group of Governors and Heads of Supervision and the Advisory Board of the FSI. He is also ViceChairman of the Board of the Spanish Macroprudential Authority Financial Stability Board (AMCESFI). He holds a PhD in Economics (Complutense University, Madrid), a degree in Economics and Business Studies (CUNEF) and a degree in Law (UNED).

Alexandra Jour-Schroeder

Alexandra Jour-Schroeder is Deputy Director General of the European Commission´s Directorate-General for Financial Stability, Financial Services and Capital Markets Union since March 2021. In her function, Alexandra Jour-Schroeder supervises and monitors the policies of the Directorate General.

Alexandra Jour-Schroeder is a graduate in law. Following initial assignments in the German federal government, she started working for the European Commission in 1996, holding several positions in competition, enterprise and industry policies as well as justice. From 1998 to 2007, she was Member of Cabinet for the Commissioners responsible for regional policy and justice and home affairs and for the Vice-President for enterprise and industry. Since 2017, she has been the Director for Criminal Justice in the Directorate-General for Justice and Consumers, working inter alia on the establishment of a European Public Prosecutor´s Office and Anti-Money Laundering policies. From 2018 to 2021, she was also overseeing consumer policies as Acting Deputy Director General in DG Justice and Consumers.

Klaas Knot

Klaas Knot has been President of De Nederlandsche Bank since 1 July 2011 and has served as Chair of the Financial Stability Board since 2 December 2021. He is also a member of the Governing Council and the General Council of the European Central Bank, member of the European Systemic Risk Board, member of the International Monetary Fund's Board of Governors and a member of the Board of Directors of the Bank for International Settlements.

Klaas holds several secondary positions. Since 2005, he has been professor of economics of central banking at the University of Groningen, and since 2015 he has also been honorary professor of monetary stability at the Economics and Business Department of the University of Amsterdam. Klaas has published a variety of articles in leading Dutch and international journals in the fields of monetary and financial economics. He is also a member of the Group of Thirty, a global body comprised of economic and financial leaders from the public and private sectors and academia.

Before assuming DNB’s presidency, Klaas Knot was Deputy Treasurer-General and Director of Financial Markets at the Dutch Ministry of Finance (2009–2011). Earlier, from 1995, he worked for DNB for almost twelve years in various positions including senior economist in the Monetary and Economic Policy Department and Director of the Supervisory Policy Division. At different intervals during this period, he was employed by the International Monetary Fund (1998-1999) and the former Pensions and Insurance Supervisory Authority of the Netherlands (2003-2004). In 1991, he graduated with honours in economics from the University of Groningen. In 1995, he obtained his PhD in economics.

Francesco Mazzaferro

Francesco Mazzaferro has been the Head of the Secretariat of the European Systemic Risk Board (ESRB) since January 2011. Prior to that, he was the Project Manager of the ESRB Preparatory Secretariat, which started work in March 2010.

He began his career in financial research in the Research Department of the Istituto Bancario San Paolo di Torino (today part of Intesa Sanpaolo) in Turin, Italy, in 1987. He joined the European Commission in Brussels, Belgium, in 1992, starting his international career in the Directorate General for Economic and Financial Affairs, where his work focused on the European Currency Unit and preparations for the introduction of the single currency. In 1995 Mazzaferro joined the European Monetary Institute – which later became the European Central Bank – in Frankfurt am Main, Germany, as the Officer of Policy Planning. In 1998 he became the Senior European Relations Officer in the European Relations Division. From 2000 he worked as Principal in the EU Neighbouring Regions Division, becoming the Head of Division in 2003.

Mazzaferro studied law at the University of Bologna and wrote his Master’s thesis on “EU law and legal aspects of the euro”.

Fabio M. Natalucci

Fabio M. Natalucci is a Deputy Director of the Monetary and Capital Markets Department with responsibility for the IMF’s global financial markets monitoring and systemic risk assessment functions. He oversees the Global Financial Stability Report that gives the IMF’s assessment of global financial stability risks. He is also responsible for monitoring and evaluating risks and opportunities in sustainable finance markets. Prior to joining the IMF, Fabio was a Senior Associate Director in the Division of Monetary Affairs at the Federal Reserve Board, where he conducted research and current analysis on the relationship between monetary policy, financial regulatory policy, and financial stability. Between October 2016 and June 2017, Mr. Natalucci was Deputy Assistant Secretary for International Financial Stability and Regulation at the U.S. Department of Treasury. His responsibilities included leading U.S. engagement on financial regulatory cooperation in the G-20, representing the U.S. Treasury at the Financial Stability Board, coordinating between domestic and international post-crisis regulatory reforms, and monitoring developments and vulnerabilities in global financial markets. Fabio holds a PhD in Economics from New York University.

Loriana Pelizzon

Loriana Pelizzon is the head of the Financial Market department and coordinator of Gender Equality at the Leibniz Institute for Financial Research SAFE and Full Professor at Goethe University Frankfurt, Chair of Law and Finance. She is also a Research Affiliate at MIT Sloan, CEPR Research Affiliate and Professor (tempo definito) of Economics at Ca’ Foscari University of Venice. She graduated from the London Business School with a doctorate in Finance. Her research interests are on risk measurement and management, hedge funds, market microstructure, financial institutions, systemic risk, sovereign risk and financial crisis. She was one of the coordinators of the European Finance Association (EFA) Doctoral Tutorial, member of the EFA Executive Committee and member of the BSI GAMMA Foundation Board. She has been involved in NBER and FDIC projects as well as EU projects (Marie Curie, FP7 and H2020), Europlace and Inquire Europe, EIEF, Bank of France projects, MIUR, DFG, and VolkswagenStiftung. She was a member of the EIOPA’s Insurance and Reinsurance Stakeholder Group and is currently Co-Vice President of the Advisory Scientific Committee of the European Systemic Risk Board, member of the EU independent expert advice team in the field of financial markets and institutions and external Expert for the EU commission on digital currency and blockchain technology. She is also a CERP Research Fellow.

Richard Portes

Richard Portes, Professor of Economics at London Business School, is Founder and Honorary President of the Centre for Economic Policy Research (CEPR) and Co-Founder of Economic Policy. He is an elected Fellow of the Econometric Society and of the British Academy. He has been Chair of the European Systemic Risk Board Advisory Scientific Committee, of which he remains a member, and he is Co-Chair of the ESRB Joint Expert Group on Non-bank Financial Intermediation as well as of the new ESRB Crypto Assets Task Force. He is a founder member of the Bellagio Group on the International Economy and the Euro50 Group. He is an Academic Director of the AQR Asset Management Institute at LBS.

Professor Portes was a Rhodes Scholar, then an Official Fellow of Balliol College, Oxford (of which he is now an Honorary Fellow). He has also taught at Princeton and Birkbeck College (University of London). He was the inaugural holder of the Tommaso Padoa-Schioppa Chair at the European University Institute (2014-17), and he has been Distinguished Global Visiting Professor at the Haas Business School, UC Berkeley, and Joel Stern Visiting Professor of International Finance at Columbia Business School. He holds three honorary doctorates. He has written extensively on sovereign borrowing and debt, European monetary issues, European financial markets, macroprudential regulation, and international capital flows. Professor Portes was decorated CBE in the 2003 New Year’s Honours.

Dave Ramsden

Dave Ramsden joined the Bank to become Deputy Governor for Markets and Banking on 4 September 2017. He is responsible for oversight of Markets, Banking Payments and Innovation, and Resolution directorates. Dave is a member of the Monetary Policy Committee, the Financial Policy Committee and the Prudential Regulation Committee. He is also the Chair of the RTGS/CHAPS Board.

Before joining the Bank, Dave was Chief Economic Adviser to the Treasury and Head of the Government Economic Service from 2007 – 2017. He was responsible for advising on UK macroeconomic policy and was the Government's representative of the meetings of the Bank’s Monetary Policy Committee. Previous to that he held a number of civil service roles including leading the Treasury work advising on whether the UK should join the Euro.

John Schindler

John Schindler joined the FSB as the Secretary General in February 2023. Prior to that, Mr Schindler spent more than 20 years at the Federal Reserve Board (FRB), most recently as a Senior Associate Director in the FRB’s Division of Financial Stability. In that role, he helped set strategic direction for the division as part of the senior leadership team and served as the first chair of the FRB’s Financial Stability Climate Committee. During the Global Financial Crisis, he was seconded to the US Treasury Department as Chief International Economist, and from 2015-2016, he was seconded to the FSB Secretariat. Mr Schindler also taught classes at Johns Hopkins University for more than 15 years and published research on a variety of topics in both economic and finance journals. He holds a PhD in economics from the University of Pennsylvania and a bachelor's degree in economics and mathematics from Washington and Lee University.

Daniel K. Tarullo

Daniel K. Tarullo is Nomura Professor of International Financial Regulatory Practice at Harvard Law School, where he teaches financial regulation, international economic law, and the required first-year course in Legislation & Regulation. He is also a non-resident Senior Fellow at the Brookings Institution. From January 2009 to April 2017 he was a Member of the Board of Governors of the Federal Reserve. As oversight Governor for supervision and regulation, he led the Board’s financial regulatory reforms and revamped the Federal Reserve’s approach to the supervision of systemically important financial institutions. Professor Tarullo had extensive government and academic experience prior to his nomination to the Federal Reserve. From 1993 to 1998, he served, successively, as Assistant Secretary of State for Economic and Business affairs, Deputy Assistant to the President for Economic Policy, and Assistant to the President for International Economic Policy.