Image of Arnoud Boot - professor of Corporate Finance and Financial Markets

ARNOUD BOOT – professor of Corporate Finance and Financial Markets

Arnoud Boot is professor of Corporate Finance and Financial Markets at the University of Amsterdam and co-director of the Amsterdam Center for Law & Economics (ACLE). He is also chairman of the Bank Council of the Dutch Central Bank (DNB), member of the Scientific Council for Government Policy (WRR) and the Advisory Scientific Committee of the European Systemic Risk Board (ESRB) in Frankfurt.

His research focuses on corporate finance and financial institutions. He has written on regulation of financial institutions, the design of securities, corporate governance, capital structure, corporate divestitures and take-overs and rescheduling of sovereign debt. His publications have appeared in major academic journals.


Image of Anders Borg, World Economic Forum and former Swedish Minister of Finance

ANDERS BORG – World Economic Forum and former Swedish Minister of Finance

Mr Borg was Minister of Finance in Sweden between 2006 and 2014 and was recently appointed to lead a new initiative by the World Economic Forum on the future of the global financial system. Prior to his term as Finance Minister Mr Borg has held various positions in Stockholm’s financial market: analyst at Transferator Alfred Berg, chief economist at ABN Amro Bank, head of the Economic Analysis Department at SEB and adviser on monetary policy issues to the Executive Board of the Riksbank. He has also been Chief Economist of the Moderate Party as well as member of the Expert Group on Public Finance and member of the Board of the Swedish Labour Market Administration.

In 2011, the Financial Times named Mr Borg European finance minister of the year.


Image of Christian Clausen, President and Group Chief Executive Officer at Nordea.

CHRISTIAN CLAUSEN – President and Group Chief Executive Officer, Nordea

Master of Science (Econ.), University of Copenhagen, 1978

Christian Clausen began his career in banking back in the 70'ies. After finishing his education and having held different positions first as Assistant Managing Director then as Managing Director in the financial sector, Mr Clausen became the Managing Director of Privatbørsen in 1988. At the formation of Unibank in 1990 Mr Clausen was appointed Managing Director and Chief Executive of Unibørs Securities and later in 1996 of Unibank Markets. In 1998 Mr Clausen was appointed Member of the Executive Board of Unibank. When Nordea was created in 2000 as a result of the merger between MeritaNordbanken, Unidanmark and Christiania Bank, Mr Clausen became Head of Asset Management & Life and Member of Group Executive Management of Nordea. On 13 April 2007 Christian Clausen took over the position as President and Group CEO of Nordea. In 2011 Christian Clausen was elected as president (chairman) of the European Banking Federation.


Photo of David Ereira, Partner, Linklaters London.

DAVID EREIRA – Partner in Linklaters LLP, London

David Ereira is a partner in Linklaters LLP in London. He has particular expertise in bank resolution and restructuring. He jointly led the team of lawyers advising the administrators of Lehman Brothers (International) Europe which has returned over US$25bn in client assets to customers and paid out over 100% to unsecured creditors. He has worked on many other recent bank restructurings and resolutions including Bank Snoras in Lithuania, the Co-operative Bank in the UK, planning for ring fencing of UK banks, Icelandic, Irish and Asian banks. His career has always had a bank restructuring focus. As a junior lawyer in the 1980's he worked on the Banco Ambrosiano affair and then in the 1990's he was one of the team of partners helping the Bank of England on BCCI. He has worked with the UK treasury on the development on the resolution regime for investment firms and is a regular speaker on bank resolution issues.


Photo of Wilson Ervin, Vice Chairman at Credit Suiss.

WILSON ERVIN – Vice Chairman, Group Executive Office, Credit Suisse Group AG New York

Mr. Ervin is currently Vice Chairman in the Group Executive Office. In this role, he works on a variety of strategic projects, especially policy reforms related to bank capital and ending “too-big-to-fail”. He also chairs the Credit Suisse Americas Foundation and the Partner Asset Facility.

Prior to his current role, Mr. Ervin was the Chief Risk Officer of Credit Suisse, a member of the Executive Board, and chair of the Capital Allocation and Risk Management Committee (CARMC). From 1990 to 1998, Mr. Ervin worked at Credit Suisse Financial Products, where he headed U.S. corporate marketing for derivatives and new product development. Before 1990, he held various roles in capital markets (fixed income and equity), Australian investment banking, and the Mergers & Acquisitions group.

Mr. Ervin received his A.B., summa cum laude, in Economics from Princeton University.


Photo of Lars Frisell, Lecturer at IMFs Africa Training Institute.

LARS FRISELL – Advisor to the Governor, Central Bank of Ireland

Lars is Advisor to the Governor at the Central Bank of Ireland (CBI), where he previously also have held the position as Chief Economist and Director of Economics. During his time as Chief Economist he was a member of the CBIs senior management committee and its financial stability committee, and regularly presented the bank’s Quarterly Bulletin and Macrofinancial Review. Lars joined the CBI in June 2012 from the Swedish Financial Supervisory Authority where he had held the position of Chief Economist since 2009. There he established a new economics department and was also a member of the Basel Committee on Banking Supervision, contributing to its work on new regulatory standards for banks (Basel III). Prior to this, Lars held various positions at the Swedish Riksbank, including that of deputy head of financial stability.

Lars holds a Ph.D. in Economics from the Stockholm School of Economics, an M.Sc. in Mathematical Methods from Northwestern University (Illinois), and an M.Sc. in Business and Economics from the Stockholm School of Economics.


Photo of Andrew Gracie, Executive Director Bank of England

ANDREW GRACIE – Executive Director, Resolution Directorate, Bank of England

Andrew Gracie is Executive Director for Resolution. He has responsibility for the resolution of banks and the other financial institutions subject to the UK Special Resolution Regime and for developing Bank policy in this area.

Andrew joined the Bank of England in 1988. In previous roles he has worked in Financial Stability, Markets and Banking Supervision. Between 2006 and 2011 he left the Bank to run his own consulting company, Crisis Management Analytics.


Photo of Charles Gray

CHARLES GRAY – Vice President in the Financial Institution Supervision Group of the Federal Reserve Bank of New York

Charles Gray is a Vice President in the Financial Institution Supervision Group of the Federal Reserve Bank of New York. He is actively engaged in a range of financial reform initiatives arising from the Dodd-Frank Act of 2010, as well as in the ongoing formulation of supervisory policy. In the international arena, he serves as the New York Fed representative on the FSB Cross-Border Crisis Management Group and as co-chair of the CBCM Workstream on Funding in Resolution. Mr. Gray joined the FRBNY as an attorney in 2006 and advised on significant regulatory, enforcement and crisis-related matters over the course of six years in the Bank’s Legal Group before joining Supervision. During 2010 Mr. Gray was detailed to the United States Department of the Treasury, where he served as a policy advisor to Assistant Secretary Michael Barr with respect to the legislative development of the Dodd-Frank Act and its early implementation. Mr. Gray is a graduate of Harvard College (1997) and Harvard Law School (2001). Prior to law school Mr. Gray served as a Professional Staff Member for the Banking and Financial Services Committee of the U.S. House of Representatives. Before joining the FRBNY, Mr. Gray was an associate in the financial institutions group at Sullivan & Cromwell LLP.


Photo of Martin Hellwig, Director at the Max Planck Institute for Research on Collective Goods

MARTIN HELLWIG – Director at the Max Planck Institute for Research on Collective Goods

Martin Hellwig has been a Director at the Max Planck Institute for Research on Collective Goods in Bonn since 2004. He holds a diploma in economics from the University of Heidelberg (1970) and a doctorate from the Massachusetts Institute of Technology (1973). His previous academic career has included positions at Stanford, Princeton, Bonn, Basel, Harvard and Mannheim Universities.

In addition to teaching and research, he has been active in professional associations and in policy advisory committees. Currently he is Vice Chair of the Advisory Scientific Committee of the European Systemic Risk Board.


Image of Eva Hupkes, Adviser on Regulatory Policy and Cooperation, Financial Stability Board.

EVA HÜPKES – Adviser on Regulatory Policy and Cooperation at the Financial Stability (FSB) Board

Eva Hüpkes is Adviser on Regulatory Policy and Cooperation at the Financial Stability (FSB) Board. Prior to assuming her position with the FSB in September 2009 she served as Head of Policy and Regulation with the Swiss Financial Market Supervisory Authority FINMA and FINMA’s predecessor organization, the Swiss Federal Banking Commission (SFBC), which she joined in 1999. Before that she worked at the International Monetary Fund in Washington D.C.

Dr. Hüpkes is a member of the New York Bar and holds degrees in law and international relations from the University of Geneva, the Graduate Institute of International Studies, Geneva, and Georgetown University (LLM. with distinction), and a doctorate in law (magna cum laude) from the University of Berne.

She played a pivotal role in promoting effective resolution of financial institutions as Secretary to the FSB Resolution Steering Group, as Co-Chair of the Basel Committee Working Group on Cross-Border Bank Resolution and as member of the Advisory Panel of the International Association of Deposit Insurers.


Lars Hörngren, Chief Economist at the Swedish National Debt Office (SNDO).

LARS HÖRNGREN – Chief Economist at the Swedish National Debt Office

Lars Hörngren is Chief Economist at the Swedish National Debt Office (SNDO). He is also Chairman of the Financial Crisis Committee, appointed by the Swedish Government to review the framework for preventing and dealing with financial crises and to prepare legislation implementing the EU bank resolution directive.

Before joining the SNDO, he worked for Sveriges Riksbank (the Swedish central bank) as Senior Advisor to the Governor. He was member of the board of the Swedish Financial Supervisory Authority between 1996 and 2006. Between 2007 and 2009 he was Deputy Chairman of the Financial Markets Advisory Committee, appointed by the Swedish Ministry of Finance.

He has a Ph.D. in economics from the Stockholm School of Economics.


Image of Stefan Ingves, Governor of the Riksbank and Chairman of the Executive Board.

STEFAN INGVES – Governor of the Riksbank and Chairman of the Executive Board

Stefan Ingves took up the post of Governor of the Riksbank and Chairman of the Executive Board on 1 January 2006 with a term of office of six years. His term of office has now been extended by another six years from 1 January 2012.

Stefan Ingves holds a PhD in economics. Mr Ingves has previously been Director of the Monetary and Financial Systems Department at the International Monetary Fund, Deputy Governor of the Riksbank and General Director of the Swedish Bank Support Authority. Prior to that he was Under-Secretary and Head of the Financial Markets Department at the Ministry of Finance.

Stefan Ingves is the chairman of the Basel Committee on Banking Supervision and the Advisory Technical Committee of the European Systemic Risk Board. He is also member of the ECB General Council and the Board of Directors of the Bank for International Settlements


Image of Elke König,  Chairwoman of the Single Resolution Board

ELKE KÖNIG – Chairwoman of the Single Resolution Board

Dr Elke König has been President of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) since 2012. After qualifying in Business Administration and obtaining a doctorate, Dr König spent many years working for companies in the financial and insurance sector. From 1980 to 1990, she worked for KPMG Deutsche Treuhandgesellschaft in Cologne auditing and advising insurance undertakings, from 1986 as a holder of a special statutory authority (“Prokuristin”) and from 1988 as a director and partner. From 1990 to 2002, as a member of senior management of the Munich Re Group, Dr König was Head of Accounting before moving to Hannover Rückversicherung AG as Chief Financial Officer. From 2010 to end-2011, Dr König was a member of the International Accounting Standards Board (IASB) in London. Dr König is a representative of the Supervisory Board of the Single Supervisory Mechanism. She is Chair of the Resolution Steering Group of the Financial Stability Board.


Photo of Hans Lindblad, Director General of the Swedish National Debt Office.


HANS LINDBLAD – Director General of the Swedish National Debt Office (SNDO)

Hans Lindblad is Director General of the Swedish National Debt Office (SNDO). He is also Chairman of the Expert Group for Public Economics (ESO). The Group, which is appointed by the Swedish Government, produces studies of future fiscal policy and socio-economic challenges. In addition, he is Chairman of the Board of Returpack Sverige AB.

Prior to joining the SNDO Hans Lindblad was State Secretary at the Ministry of Finance. In this capacity, he processed seven state budgets and also gained a broad experience in crisis management. During 2003-2006 he was Deputy Head of the Moderate Party Parliamentary Secretariat. He is a former Executive Officer at the National Institute of Economic Research and Deputy Director of the Monetary Policy Department at the Riksbank.

Hans Lindblad has studied at the University of Stockholm, where he earned a B.Sc. in 1986 and a Ph.D. in economics in 2010.


Photo of Klaus Löber, Head of the Secretariat of the Committee on Payment and Settlement Systems (CPSS)

KLAUS MARTIN LÖBER – Head of the Secretariat of the Committee on Payment and Settlement Systems (CPSS)

Klaus Martin Löber is the Head of the Secretariat of the Committee on Payment and Settlement Systems (CPSS) hosted at the Bank for International Settlements in Basel, Switzerland. Prior to this, Mr Löber was Head of the Oversight Division of the European Central Bank in Frankfurt, Germany. Further work practice includes the European Commission DG Internal Market, the Deutsche Bundesbank and private practice.

Mr Löber was a founding secretary of the European Financial Markets Lawyers Group. He is a member of the Board of the Association Européenne du Droit Bancaire et Financier as well as of the Advisory Board of the World Legal Forum. He is co-editor of the Journal of Financial Markets Infrastructures, the Law and Financial Markets Review, Zeitschrift für Bank- und Kapitalmarktrecht and the Capital Markets Law Review. Mr Löber is regularly writing on financial markets legal, regulatory and infrastructure issues.


Photo of Patrick Montagner.

PATRICK MONTAGNER – Deputy secretary general, ACPR and Chair of the FSB Insurance Cross Border Crisis Management Group

Patrick Montagner joined the French central bank in 1988 where he has held various positions, mainly in the financial supervision area. He notably served as senior chief inspector and was appointed in September 2008 as director for the department in charge of large French international banks and of foreign banks in France. Then he has been nominated in April 2012 as director of a department in charge of Insurance supervision. He’s currently, since March 2013, deputy secretary general of the Autorité de contrôle prudentiel et de resolution (ACPR), the French prudential and resolution authority.

Patrick has been member of the Senior Supervisors Group until 2012 and is a member of the Financial Stability Board‘s (FSB) Supervisory Intensity and Effectiveness Working Group. Currently he is chair of the FSB’s Insurance Cross Border Crisis Management group (iCBCM) which aims to define the specificities of the resolution scheme for the insurance sector (for the Insurance global SIFIs).


Photo of Pedro Duarte Neves, Vice-Governor Banco de Portugal

PEDRO DUARTE NEVES Vice-Governor Banco de Portugal

Born in 1961. He graduated in Economics from Universidade Católica Portuguesa, and completed his PhD in Economics at Université Catholique de Louvain.

He was appointed Vice-Governor of Banco de Portugal in May 2006 and reappointed in September 2011.


Image of Martin Noréus, Acting Director General at Finansinspektionen

MARTIN NORÉUS – Acting Director General at Finansinspektionen

Martin Noréus has extensive experience from the financial services industry. He has held several managerial positions at FI, including that of head of supervision of the major banks in Sweden and, most recently, as Executive Director, Insurance and Funds. Prior to that, he held the positions of advisor at SEB and analyst at Standard & Poor’s. Martin Noréus also has a background from the Riksbank, where he worked as an economist in the financial stability department.


Photo of Ceyla Pazarbasioglu, Deputy Director in the Monetary and Capital Markets Department, IMF

CEYLA PAZARBASIOGLU – Deputy Director in the Monetary and Capital Markets Department, IMF

Dr. Ceyla Pazarbasioglu is a Deputy Director at the Monetary and Capital Markets Department of the IMF, overseeing the work on financial sector regulation and supervision and crisis management. She has worked at the IMF during 1992-98 and since 2004.

Dr. Pazarbasioglu served in the crisis management team and as the Vice President of the Banking Regulation and Supervision Agency of Turkey after the currency/banking crisis (2001-2004). During 1998–2001, she worked as the Chief Economist of Emerging European Markets at ABN AMRO Investment Bank in London. Prior to 1998, Dr. Pazarbasioglu worked at the IMF on financial sector issues and bank restructuring strategies in Nordic countries, Emerging Europe, Latin America, Turkey as well as in Korea and Thailand after the Asian crisis.

She holds a PhD in economics and finance from Georgetown University, was a visiting scholar at Princeton University, and is a certified Securities and Financial Derivates Representative. She has published papers and edited books on crisis management and financial sector regulations.


George G. Pennacchi, Photo

GEORGE G. PENNACCHI – IBE Professor of Finance at the University of Illinois at Urbana-Champaign

George G. Pennacchi is the IBE Professor of Finance at the University of Illinois at Urbana-Champaign. He is also a Research Associate at the Federal Reserve Bank of Cleveland and a Senior Fellow at the Federal Deposit Insurance Corporation’s Center for Financial Research. His research focuses on financial intermediaries and the valuation of fixed-income securities and government guarantees.

Currently, he is President of the Financial Intermediation Research Society and an associate editor for the Journal of Financial Intermediation, the Journal of Financial and Quantitative Analysis, and the Journal of Financial Services Research. Previously, he served as Managing Editor of the Journal of Financial Intermediation and an associate editor for the Journal of Banking and Finance, the Journal of Finance, the Journal of Money, Credit and Banking, the Review of Financial Studies, and Management Science. His consulting experience includes work for the U.S. Office of Management and Budget, the World Bank, the International Monetary Fund, and the Federal Reserve Board of Governors. He has been a visiting professor at Università Bocconi and was a member of the finance faculty at the Wharton School of the University of Pennsylvania.

Mr. Pennacchi received a Sc.B. degree in applied mathematics from Brown University in 1977 and a Ph.D. in economics from the Massachusetts Institute of Technology in 1984.


Photo of Jesper Rangvid, Professor of Finance at the Copenhagen Business School.

JESPER RANGVID – Professor, Copenhagen Business School, and former Chair of the Danish Financial Crisis Committee

Jesper Rangvid is a Professor of Finance at the Copenhagen Business School. The unifying theme in Jesper's research is the relation between financial markets and the wider economy. Jesper was chairman of the government-appointed committee investigating the causes and consequences of the financial crisis in Denmark. In Denmark, the report is referred to as the "Rangvid-report".


Photo of Gail L. Verley, Secretary General, International Association of Deposit Insurers

GAIL L. VERLEY – Secretary General, International Association of Deposit Insurers

Ms. Verley has 30 years experience as a deposit insurer including establishing the operational components of several FDIC Divisions and Offices, designing and leading the governance of FDIC's capital planning and investment management, and developing receivership operational policies while overseeing hundreds of bank resolutions.

Prior to the appointment of IADI's Secretary General, Ms. Verley worked for the FDIC since 1981 in several capacities, the last one as technical advisor and principal assistant in establishing the Office of International Affairs and contributing to the leadership agenda for FDIC's international outreach program (2006-2013).

Ms. Verley was a key advisor to the Chairperson of the Training and Conference Committee, Chairperson for the Data and Survey Committee and Chairperson for the Research and Guidance Subcommittee of the International Association of Deposit Insurers.