SPEAKERS Wednesday, 1 July 2020 Welcome Address Werner Hoyer has a PhD (in economics) from Cologne University where he also started his career in various positions. Dr Hoyer served for 33 years as a Member of the German Bundestag. During this period, he held the position of Minister of State at the Foreign Office on two separate occasions. In addition, he held several other positions, including that of Whip and FDP Security Policy Spokesman, Deputy Chairman of the German-American Parliamentary Friendship Group, FDP Secretary General and President of the European Liberal Democratic Reform Party (ELDR). Upon appointment by the EU Member States, Dr Hoyer commenced his first term as EIB President in January 2012. His mandate was renewed for a second term commencing on 1 January 2018. Dr Hoyer and his wife Katja have two children. Werner Hoyer President, European Investment Bank Klaus Regling is the current and first Managing Director of the European Stability Mechanism. The Managing Director of the ESM is appointed by the Board of Governors for a renewable term of five years. Klaus Regling is also the CEO of the European Financial Stability Facility (EFSF), a position he has held since the creation of the EFSF in June 2010. Klaus Regling has worked for over 40 years as an economist in senior positions in the public and the private sector in Europe, Asia, and the U.S., including a decade with the IMF in Washington and Jakarta and a decade with the German Ministry of Finance where he prepared Economic and Monetary Union in Europe. From 2001 to 2008, he was Director General for Economic and Financial Affairs of the European Commission. Klaus Regling During 2008-09, he spent a year at the Lee Kuan Yew School of Public Policy in Singapore where he researched financial and monetary integration in Asia. Subsequently, he opened an economic and financial consultancy in Managing Director, Brussels. European Stability Mechanism Previously, Mr. Regling had gained experience in the private sector as Managing Director of the Moore Capital Strategy Group in London (1999-2001) and as an economist with the German Bankers’ Association. Mr. Regling studied economics at the Universities of Hamburg and Regensburg. Keynote speaker: The price of uncertainty and uncertainty about prices: monetary policy in the post COVID-19 economy Fabio Panetta has been a member of the Executive Board of the European Central Bank since 1 January 2020. He is responsible for International and European Relations, Market Infrastructure and Payments and Banknotes. Prior to joining the ECB, Mr Panetta was Senior Deputy Governor of the Banca d’Italia and President of the Italian Insurance Supervisory Authority (Ivass). He served as a Member of the Board of Directors and as a Member of the Committee on the Global Financial System of the Bank for International Settlements. From 2014 to 2019 he was a Member of the Supervisory Board Fabio Panetta of the Single Supervisory Mechanism at the European Central Bank. Mr Panetta graduated with honours in Economics from LUISS University (Rome). He holds a M.Sc. in Economics Member of the Executive Board, European Central from the London School of Economics and a PhD in Economics and Finance from the London Business School. Bank He has authored books and papers published in international journals such as the American Economic Review, the Journal of Finance, the Journal of Money, Credit and Banking, the European Economic Review, the Journal of Banking and Finance. Keynote remarks Valdis Dombrovskis is Executive Vice-President of the European Commission responsible for an economy that works for people. Before this, he was Vice-President responsible for the euro, social dialogue, financial services and the Capital Markets Union. In Latvia, he was his country’s longest-serving head of government with three terms as prime minister. He served as Finance Minister, was a Member of the Latvian Parliament and elected twice to the European Parliament. In his pre-political life, he worked as chief economist at the Bank of Latvia and before that, as a research assistant at Mainz University, at the Institute of Solid-State Physics in Latvia and the University of Maryland. Valdis Dombrovskis Valdis Dombrovskis was born on 5 August 1971 in Riga, and holds degrees in both physics and economics. Executive Vice-President, European Commission Panel discussion: European institutional response to Covid-19 After earning degrees in business (Ecole des Hautes Etudes Commerciales 1978) and in law (Université de Paris 1979), Bertrand de Mazières joined the French Treasury on graduating from l’Ecole Nationale d’Administration in 1982. He was Financial Attaché at the French Embassy in Washington from 1986 to 1988, Head of the banking division at the Treasury from 1989 to 1993 and Deputy Secretary for debt and development from 1993 to 1996. In this latter capacity he was Vice-President of the Paris Club in charge of negotiating the restructuring of sovereign debt from 1993 to 1996. Bertrand de Mazières was nominated General Secretary and Chief of staff of the Conseil des Marchés Financiers CMF in October 1996, when the CMF was founded as the regulatory agency responsible for the good conduct and the professional standards of the French investment services providers, for the supervision of both regulated Bertrand de Mazières and off-market operations in France, and for the authorisation of tender offers. He held this office until CMF and another regulatory agency, the Commission des Opérations de Bourse COB, were merged into the Autorité des Director General of Finance, Marchés Financiers AMF in November 2003. European Investment Bank In December 2003, he was appointed Chief Executive of Agence France Trésor, the division of the Ministry of Economy and Finance responsible for the management of the debt and treasury of the French Republic. He held this post until August 2006 when he left to join the European Investment Bank as its Director General for Finance. In June 2007, he was also elected President of AMTE (Euro Debt Market Association). Bertrand de Mazières is married to an English wife. They have three children and live in Luxembourg. Kalin Anev Janse is the Chief Financial Officer and Member of the Management Board of the ESM and EFSF. He is in charge of the Funding and Investor Relations division responsible for €300 billion of outstanding debt and the Investment and Treasury division investing the €80 billion ESM capital. Additionally, he is in charge of ALM & Lending overseeing the ESM and EFSF balance sheet, and IT & Operations running technology and facilities of the institution. Before taking on the CFO position, he was the Secretary General responsible for amongst others Corporate Governance, Shareholder relations, HR and Finance & Control. He previously worked in strategy at the European Investment Bank in Luxembourg, corporate finance advisory at McKinsey & Company in the Netherlands and investment banking at JPMorgan in London. He held several political positions in the Netherlands. Kalin Anev Janse Kalin Anev Janse studied MSc. Business Administration at the Rotterdam School of Management and Wharton CFO and Member of the at the University of Pennsylvania. For his undergraduate degree, he studied Business Administration in Finance, Management Board of the Banking and Insurance at the Vrije University Amsterdam. He is a young global leader of the World Economic ESM and EFSF, Forum. European Stability Mechanism Mr. Björn Ordell is CFO of Nordic Investment Bank and a member of NIB's Executive Committee. He is responsible for the Bank's Treasury and Finance activities. Before taking on his current position, Björn has been responsible for other areas at NIB e.g. the Risk Management function and IT. Björn joined Nordic Investment Bank in 2015, before which he worked as CFO at Landshypotek Bank AB in Sweden. Björn Ordell CFO, Head of Treasury and Finance, and Member of Executive Committee, Nordic Investment Bank Maarten Verwey has been Deputy Director-General for Economic and Financial Affairs in the European Commission since September 2011, responsible for finance and international relations. Mr. Verwey started his career at the Dutch Ministry of Finance in 1994. In 1999 he moved to Manila where he worked for three years for the Asian Development Bank. On his return to the Dutch Ministry of Finance in 2002, he became head of the export credit insurance division and two years later he assumed the position of deputy director of the economic and financial strategy department. He was nominated Director of Foreign Financial Relations in September 2007. Mr Verwey has been a chairman of the euro task force on coordinated action (2010-2011), he played a key role in first establishing the pooled bilateral loan facility for Greece, subsequently the European Financial Stability Maarten Verwey Facility and the European Stability Mechanism. Since June 2012 he has been the EU mission chief for Cyprus financial assistance program. He has recently been appointed as Co-chairman of the Ecofin Task Force on Director General, DG Investment and as EC representative on the EIB board and the EIF board. Economic and Financial Affairs, European Commission Moderator Agnès Belaisch is a Managing Director and Chief European Strategist of the Barings Investment Institute. The Institute explores current macroeconomic and political dynamics, as well as the forces that shape long-term investment and capital decisions. Agnès joined the firm in 2019 and works on a variety of topics ranging from macroeconomic analysis to responsible finance. She has worked in the industry since 1996 and has experience both in the public and private sectors. In particular, she spent 10 years at the IMF in Washington, D.C., advising a variety of governments in Latin America, Europe and Asia. Agnès also worked as an emerging markets fixed income fund manager and strategist in London.