ECB Organisational Chart

Total Page:16

File Type:pdf, Size:1020Kb

ECB Organisational Chart Executive Board DG= Director General D= Director ECB PUBLIC Directorate General Dep./Deps.= Deputies ECB Organigramme Directorate Division Executive Board Other Units Christine Lagarde - President Luis de Guindos - Vice President Centre Fabio Panetta Frank Elderson Reporting line Philip R. Lane Isabel Schnabel Principal Macroprudential Market Infrastructure Legal Services Coordinator of the ESRB Secretariat Communications Policy & Financial International & Secretariat Internal Audit Risk Management Banknotes & Payments Counsel to the Stability European Relations DG: Wolfgang Proissl DG: Chiara Zilioli D: Francesco Mazzaferro Executive Board DG: Petra Senkovic D: Claudia Mann Deps.: Thierry Bracke DG: Ulrich Bindseil Deps.: Christian Dep.: Tuomas Peltonen DG: Sergio Nicoletti-Altimari D: Fernando Monar Lora DG: Hans-Joachim Klöckers D: Ton Roos Conny Lotze Deps.: Dimitri Pattyn Kroppenstedt Deps.: John Fell Dep.: Livio Stracca D: Roland Straub Fiona van Echelpoel Roberto Ugena Fátima Pires Compliance and ECB Representative Climate Change Centre Governance Office** Global Media Systemic Risk & Office in Brussels Currency Audit Missions Risk Strategy Oversight Institutional Law Senior Adviser: Irene Relations Financial Development Heemskerk Chief Compliance and Principal Adviser: Boris Institutions Governance Officer: Roman Kisselevsky Schremser ECB Representation in Washington D.C. Audit Support & Currency Market Innovation Web & Digital Stress Test Risk Analysis Principal Adviser: Financial Law Information Investigations Management & Integration Governance Modelling Rasmus Rüffer ECB Representative Office in London Internal & Senior Lead Economist: Market External Macroprudential Guy-Charles Marhic Infrastructure Legislation Secretariat Engagement Policy Management International Policy Analysis Market Compliance & Language Market-Based Infrastructure Supervisory Law Governance Services Finance Development External Developments Financial Market Regulation & Infrastructure Policy Support EU Institutions & Fora Market Operations Monetary Policy Statistics Chief Services Office* Economics Research DG: Imène Rahmouni- Michael Diemer DG: Massimo Rostagno DG: Silke Stapel-Weber DG: Frank Smets Rousseau Dep.: Isabel Sabine Deps.: Werner Bier DG: Luc Laeven Deps.: João Sousa Dep.: Thomas Vlassopoulos Vansteenkiste Dep.: Philipp Hartmann Cornelia Holthausen Caroline Willeke Torsti Silvonen Operational Risk & Governance & Business Continuity Organisational Transformation Information Systems Human Resources Management Corporate Services Effectiveness Services DG: Claudia Plattner Acting Director: Eva Securities & External Head of Section: Group Monetary Monetary Policy DG: Roberto Schiavi Head of Division: Deps: Magi Clavé Murciano Forecasting and Financial Markets Statistics & Sector Financial Opera- Andreas Burgstaller Dirk Robijns Analysis Research Daniele Krebs Dep.: Peter Rennpferdt Policy Modelling Data Accounts tions Services Infrastructure & Finance Administration Enterprise Employee Statistical Operations Capital Markets/ Analytical Credit Financial Domain Services Services Applications & Services Financial Prices & Costs & Master Data Research Money Market & D: Anna Maria Bausback D: Cristina San Agapito Tools Structure Liquidity Innovation & Digital Security Talent Monetary & Financial Architecture Banking Security and Services Management Monetary Policy Business Cycle Economic Accounting and Services Supervision Data Market Safety Strategy Analysis Statistics Reporting Operations Systems Prudential Data Analytics Business Central Administrative Domain Services Domain Services Partnering Supply Side, Procurement Services Market Labour and Surveillance Operations Analysis Executional Budgeting & Premises Domain Services Euro Area Controlling Bond Markets & External Sector & Euro Adoption International Operations Fiscal Policies *The CSO reports to the Executive Board via the President **On compliance-related matters the Chief Compliance and Governance Officer reports directly to the President August 2021 Supervisory Board DG= Director General D= Director Directorate General Dep./Deps.= Deputies ECB PUBLIC ECB Organigramme Directorate Supervisory Board Division Andrea Enria, Chair 1 Frank Elderson, Vice-Chair* Reporting line Pentti Hakkarainen Edouard Fernandez-Bollo Kerstin af Jochnick Elizabeth McCaul Universal & Horizontal Line SSM Governance & Systemic & Diversified Specialised On-site & Internal Supervisory Strategy Supervision International Banks Institutions & LSIs Operations Institutions Model Inspections & Risk DG: Stefan Walter DG: Ramón Quintana DG: Patrick Amis DG: Pedro Gustavo Teixeira Deps.: Isabel von Köppen- DG: Korbinian Ibel D: Mario Quagliariello Deps.: Paolo Corradino Deps.: Anne Lécuyer DG: Linette Field Dep: Daniela Schackis Mertes Deps.: Rolf Klug Thomas Jorgensen Eleni Angelopoulou Dep.: Muriel Tiesset Sofia Toscano Rico Maria da Conceição Macedo Systemic & Systemic & Universal & Universal & Specialised Specialised Strategic Risk & Technology & Credit Risk Stress Test Non-Financial Internal Model SSM Secretariat International International Diversified Diversified Institutions & LSIs Institutions & LSIs Analytics Innovation Experts Experts Risk Inspections Investigations Banks 1 Banks 4 Institutions 1 Institutions 4 1 4 Systemic & Systemic & Specialised Specialised Supervisory Risk- Supervisory Business Model & Universal & Universal & Financial Risk Operations & Fit & Proper Authorisation International International Institutions & LSIs Institutions & LSIs Financial Risk Policy Capital Adequacy Diversified Diversified Inspections Integration Banks 2 Banks 5 2 5 Institutions 2 Institutions 5 Supervisory Risk- Support Office to Systemic & Systemic & Specialised Institutional & Enforcement & Supervisory Non-financial Risk Universal & Universal & Non-Financial the Supervisory International International Institutions & LSIs Sectoral Sanctions Methodology Experts Diversified Diversified Risk Board Banks 3 Banks 6 3 Oversight Institutions 3 Institutions 6 Capital Markets & Treasury Experts *The Vice-Chair is chosen from among the members of the ECB's Executive Board 1The Business Areas in blue report only to the Chair and Vice-Chair August 2021.
Recommended publications
  • Luis De Guindos Appointed As Vice President of the European Central Bank
    PRESS Council of the EU EN PRESS RELEASE 160/18 22/03/2018 Luis de Guindos appointed as Vice President of the European Central Bank The European Council appointed today Luis de Guindos as Vice-President of the European Central Bank for a non-renewable 8- year term. The new Vice President will replace Vítor Constâncio as of 1 June 2018. The decision was taken after having consulted both the European Parliament and the European Central Bank's Governing Council. The Economic and Financial Affairs Council on 20 February issued a recommendation to the European Council, confirming the nomination of Luis de Guindos as vice-president of the European Central Bank, after the Eurogroup gave its support to the candidacy a day before. Background: Article 283(2) of the Treaty on the Functioning of the European Union specifies that appointments to the ECB executive board are made "by the European Council, acting by a qualified majority, from among persons of recognised standing and professional experience in monetary or banking matters, on a recommendation from the Council, after it has consulted the European Parliament and the Governing Council of the European Central Bank." The ECB executive board is responsible for implementation of eurozone monetary policy, as laid down by the ECB governing council. It is composed of the President, the Vice President and four other members, all appointed for non-renewable eight-year terms. The governing council is composed of the six executive board members and the governors of the national central banks of the eurozone member states. Curriculum Vitae of Luis de Guindos Press office - General Secretariat of the Council Rue de la Loi 175 - B-1048 BRUSSELS - Tel.: +32 (0)2 281 6319 [email protected] - www.consilium.europa.eu/press.
    [Show full text]
  • Payments and Market Infrastructure Two Decades After the Start of the European Central Bank Editor: Daniela Russo
    Payments and market infrastructure two decades after the start of the European Central Bank Editor: Daniela Russo July 2021 Contents Foreword 6 Acknowledgements 8 Introduction 9 Prepared by Daniela Russo Tommaso Padoa-Schioppa, a 21st century renaissance man 13 Prepared by Daniela Russo and Ignacio Terol Alberto Giovannini and the European Institutions 19 Prepared by John Berrigan, Mario Nava and Daniela Russo Global cooperation 22 Prepared by Daniela Russo and Takeshi Shirakami Part 1 The Eurosystem as operator: TARGET2, T2S and collateral management systems 31 Chapter 1 – TARGET 2 and the birth of the TARGET family 32 Prepared by Jochen Metzger Chapter 2 – TARGET 37 Prepared by Dieter Reichwein Chapter 3 – TARGET2 44 Prepared by Dieter Reichwein Chapter 4 – The Eurosystem collateral management 52 Prepared by Simone Maskens, Daniela Russo and Markus Mayers Chapter 5 – T2S: building the European securities market infrastructure 60 Prepared by Marc Bayle de Jessé Chapter 6 – The governance of TARGET2-Securities 63 Prepared by Cristina Mastropasqua and Flavia Perone Chapter 7 – Instant payments and TARGET Instant Payment Settlement (TIPS) 72 Prepared by Carlos Conesa Eurosystem-operated market infrastructure: key milestones 77 Part 2 The Eurosystem as a catalyst: retail payments 79 Chapter 1 – The Single Euro Payments Area (SEPA) revolution: how the vision turned into reality 80 Prepared by Gertrude Tumpel-Gugerell Contents 1 Chapter 2 – Legal and regulatory history of EU retail payments 87 Prepared by Maria Chiara Malaguti Chapter 3 –
    [Show full text]
  • ECB Policy and Eurozone Fragility: Was De Grauwe Right?
    ECB Policy and Eurozone Fragility: Was De Grauwe Right? ORKUN SAKA*, ANA-MARIA FUERTES and ELENA KALOTYCHOU Cass Business School, City University London, U.K First draft: November 2013; This draft: May 2014 Abstract De Grauwe’s Eurozone fragility hypothesis states that member countries of a monetary union are highly vulnerable to a self‐fulfilling mechanism by which the efforts of investors to avoid losses from default can end up triggering the very default they fear. We test this hypothesis by applying an eclectic methodology to a time window around Draghi’s “whatever‐it‐takes” pledge on July 26, 2012 which was soon after followed by the actual announcement of the Outright Monetary Transactions (OMT) program. The principal components of Eurozone credit default spreads (CDS) validate this choice of break date. An event study reveals significant pre‐announcement contagion from Spain to Italy, Belgium, France and Austria. Furthermore, the analysis of time‐series regression residuals confirms frequent clusters of large bad shocks to the CDS spreads of the above four Eurozone countries but soley during the pre‐announcement period. Our findings support the Eurozone fragility hypothesis and endorse the OMT program. Keywords: Sovereign debt; Eurozone; European Central Bank; Outright Monetary Transactions; Self-fulfilling panic. JEL classification: E44, F36, G15, C52. _____________________________________________________________________ * Corresponding author. Cass Business School, 24 Chiswell Street London, EC1Y 4UE United Kingdom; Tel: +44 (0)75 9306 9236; [email protected]. † We are grateful to Paul De Grauwe, José-Luis Peydró and Christian Wagner for their useful comments and suggestions. We also thank participants at the Young Finance Scholars’ Conference and Quantitative Finance Workshop at the University of Sussex (May 2014), and seminar participants at Cass Business School, Keele University and Brunel University.
    [Show full text]
  • EXHIBIT I Article 3: Nepotism
    EXHIBIT I Article 3: Nepotism. Solbes´son in law and Guindos’ nephew assigned ​ ​ ​ ​ 21 job contracts in the Spanish Embassy. El ESPAÑOL reviews all connections in the diplomatic legation that has become a placement agency. JOSE GALLEGO ESPINA ”josegallego81 4/27/ 2017 02:59h It is a popular saying in Spain that “If you don´t have a Godfather you will not get baptized”. Although this saying isn’t used in English it has been easily applied at the Spanish Embassy in Washington, where it became normal to hire friends and family of politicians and diplomats: an assignment to an architect –who is accused of manipulating the time limit specified using his wife´s influence as a diplomat, the creation of a few job positions to accommodate a few friendly faces... All of these things are tainting the Minister of Economy Luis de Guindos with suspicions and also his ​ colleague Pedro Solbes, a Socialist, who occupied this position from 2004-2009. The last case laid out on the table – and in court is that of a North American Construction Company who has denounced at The Superior Court of the District of Columbia (DC) the assignment of one of the contracts that was given to Gustavo Frech. According to the report Gustavo Frech manipulated the timeframes using information obtained from his wife who was working as one of the General Secretaries and is known to be one of the Minister Luis de Guindos nieces. Gustavo Frech and his wife Maria Pedrosa de Guindos on the Spanish Embassy in Washington The lawsuit was presented way before El Español unveiled the connection between Frech and the Embassy.
    [Show full text]
  • AGENDA – Capital Markets Seminar DAY 1 | 1St July 2020
    AGENDA – Capital Markets Seminar DAY 1 | 1st July 2020 Webinar for Central Banks and Official Sector Organisations CET Welcome address 9:30 – 9:40 . Werner Hoyer, President, European Investment Bank . Klaus Regling, Managing Director, European Stability Mechanism Keynote speech: The price of uncertainty and uncertainty about prices: monetary policy in the post 9:40 – 10:00 COVID-19 economy . Fabio Panetta, Member of the Executive Board, European Central Bank 10:00 – 10:10 Keynote remarks . Valdis Dombrovskis, Executive Vice-President, European Commission 10:10 – 11:10 Panel discussion: European institutional response to Covid-19 . Bertrand de Mazières, Director General Finance, European Investment Bank . Kalin Anev Janse, CFO, European Stability Mechanism . Björn Ordell, CFO, Head of Treasury and Finance, and Member of Executive Committee, Nordic Investment Bank . Maarten Verwey, Director General DG Economic and Financial Affairs, European Commission Moderator: Agnès Belaisch, Chief European Strategist, Barings Investment Institute Fire-side chat: Sustainable Finance: the role of public and private investment to ensure a green and 11:10 - 11:40 socially just recovery . Emma Navarro, Vice-President, European Investment Bank . Jean Jacques Barberis, Member of Executive Committee and Head of Institutional and Corporate Clients Coverage, Amundi. Vice Chairman of the Board Finance for Tomorrow Moderator: Rodrigo Tavares, Founder and President, Granito Group 11:40 – 12:10 Fire-side chat: Energy Transition: are economic recovery and sustainable energy mutually exclusive? . Laura Cozzi, Chief Energy Modeller, International Energy Agency . Andrew McDowell, Vice-President, European Investment Bank Moderator: Eugene Howard, Head of Division Electricity Networks, European Investment Bank Keynote speech 12:10 – 12:20 . Frank Elderson, Chairman of NGFS and Executive Director of Supervision, De Nederlandsche Bank 12:20 – 13:20 Panel discussion: Role of Central Banks and public sector in their response to sustainable recovery .
    [Show full text]
  • RESEARCH NEWSLETTER No. 26 (March 2014) LATEST NEWS
    RESEARCH NEWSLETTER No. 26 (March 2014) LATEST NEWS PAPERS: "Crossing Network versus Dealer Market", Tijmen R. Daniëls crises models, often have multiple equilibria. Global games are widely A paper by Tijmen Daniëls (with Jutta Dönges and Frank Heinemann), used to predict behavior in such models. Yet until now, most applications entitled “crossing network versus dealer market”, was published in the have been limited to binary-action models. This paper develops European Economic Review. The paper models competition between a equilibrium prediction heuristics for many-action models that are useful in dealer market and an alternative trading system (ATS). New communication economic applications and yield novel insights. One example is a technologies and deregulation have fuelled the development of such wholesale bank run model where introducing collateralized financing as a systems. third action besides withdrawing and extending unsecured financing A major question is how liquidity will be allocated and under which changes the predicted behavior from the inefficient bank run equilibrium to circumstances and for which sorts of assets, these alternative markets can that of unsecured refinancing. emerge, co-exist with dealer markets or even replace them. This model Christian Basteck, Tijmen R. Daniëls and Frank Heinemann (2013), explains why assets with large turnovers and low price volatility are likely to "Characterising Equilibrium Selection in Global Games with Strategic be traded on crossing networks, while less liquid assets are traded on dealer Complementarities", Journal of Economic Theory, 148, 2620–37. markets. Tijmen R. Daniëls, Jutta Dönges and Frank Heinemann (2013), "Crossing “Early-warning signals of topological collapse in interbank Network versus Dealer Market", European Economic Review, 62, 41–57.
    [Show full text]
  • OBSERVATORIO9 Ingl:OBSERVATORIO 24/10/07 13:36 Página 1
    OBSERVATORIO9 ingl:OBSERVATORIO 24/10/07 13:36 Página 1 Observatorio Económico INTERNATIONAL ECONOMIC ANALYSIS 9 IS IT THE END OF ECONOMIC PROSPERITY? The 9th session of the FAES Economic Forum took place on July 9, 2007, during the opening of the FAES campus summer course called “Evaluating the Economic Future.” The forum was attended by Jaime García-Legaz, Secretary General of FAES and course director, Fernando Fernández, Vice-Chancellor of the University of Antonio de Nebrija, José Luis Feito, President of ASETA, Luis de Guindos, President of Lehman Brothers in Spain and Portugal, and Juan José Toribio, Professor at IESE. The participants analysed the principal factors affecting the international economic situation in the context of interest rate hikes, which have major reper- cussions on the international financial markets. José Luis Feito opened the debate with a comment about the key international economic indicators, which point to the end of an eco- nomic cycle of intense growth and low rates. Luis de Guindos followed with an analysis of how these new situations can affect the financial markets, and particularly the credit markets. Juan José Toribio described four strategic challenges for the economy in the future. Fernando Fernández ended the speeches with an analysis warning of the imminent change in the eco- nomic cycle. José Luis Feito, Juan José Toribio, Fernando Fernández, Luis de Guindos and Jaime García-Legaz. OBSERVATORIO9 ingl:OBSERVATORIO 24/10/07 13:36 Página 2 Observatorio Económico TThe end of cheap money in the US and to a lesser extent in Europe, In the last few years the international eco- started rising again and this trend intensified nomic arena has been characterized by in 2006 and in 2007, and spread to all long strong economic growth driven by uncharac- and short term interest rates.
    [Show full text]
  • My Phd Thesis on the ECB – Looking Back After 22 Years
    206 Ars Aequi ##notdef## literatuur Voortschrijdend inzicht arsaequi.nl/maandblad AA20200206 My PhD thesis on the ECB – looking back after 22 years René Smits* 1 Looking back after twenty-two not be not foreseen or included, so that years the book’s value is time-bound. For Surprised by the request to formu- instance, only basic elements of the late reflections on my PhD thesis, ECB’s most recently conferred task, decades after its defence, I was eager undertaken since 2014, of supervis- to ruminate its origin and composi- ing banks in the Euro Area3 could be tion and the tenets I submitted at the discussed at the time. outset of the Economic and Monetary * Prof.dr. R. Smits is professor of the Law of the Union (EMU). My thesis preceded the My thesis preceded Economic and Monetary Union at the Univer- establishment of the object of its study, sity of Amsterdam. He is an alternate member the European Central Bank (ECB), by the establishment of of the ECB’s Administrative Board of Review and an assessor at the Belgian Competition Au- over one year. The defence took place the object of its study, thority; he is also a consultant on EMU law and on 4 April 1997 while the ECB was es- the European Central banking regulation. This contribution is written tablished on 1 July 1998. Its predeces- in a personal capacity and does not reflect the Bank, by over one year. views of the ECB, the SSM or the Eurosystem. sor, the European Monetary Institute 1 R. Smits, The European Central Bank – Insti- (EMI), had been in operation since It came in time to become tutional Aspects, The Hague/London/Boston: 1994 and the provisions governing the Kluwer Law International 1997.
    [Show full text]
  • Vodafone Libertel B
    Professor emeritus René Smits RS Law & Society Consulting B.V. Consulting on EMU law, EU banking regulation, sustainable finance Memo on monetary policy and climate change, biodiversity loss 1. Democratic legitimacy It is, indeed, elected politicians who are primarily responsible for addressing climate change. Independent central banks are not to take their place but the ECB and the national central banks are to support the economic policies in the EU with a view to contributing to the Union’s objectives, several of which clearly relate to sustainability issues, including: sustainable development, a high level of protection and improvement of the quality of the environment, solidarity between generations. With the Union’s politicians (European Council,1 Commission2 and Parliament3) clearly choosing an active pro-climate stance, the Eurosystem is Treaty-bound to support these preferences so long as this can be matched with providing price stability, its primary objective.4 For the need to include the issue of climate change in the ECB’s monetary policy’s primary mandate, without relying on the secondary objective, I refer to Isabel Schnabel’s speeches last summer,5 and to Frank Elderson in his recent Blogpost.6 (Further arguments for greening 1 See the conclusions of the 12-13 December 2019 meeting (“EU leaders endorsed the objective of making the EU climate-neutral by 2050, in line with the Paris Agreement. They underlined that the transition to climate neutrality will bring significant opportunities for economic growth, markets, jobs and technological development”); and the conclusions of the meeting on 10-11 December 2020 (“To meet the objective of a climate-neutral EU by 2050 in line with the objectives of the Paris Agreement, the EU needs to increase its ambition for the coming decade and update its climate and energy policy framework.
    [Show full text]
  • Legal Aspects of the European System of Central Banks: Liber
    UvA-DARE (Digital Academic Repository) The role of the ESCB in banking supervision Smits, R. Publication date 2005 Published in Legal aspects of the European system of central banks; liber amicorum Paolo Zambone Garavelli Link to publication Citation for published version (APA): Smits, R. (2005). The role of the ESCB in banking supervision. In Legal aspects of the European system of central banks; liber amicorum Paolo Zambone Garavelli (pp. 199-212). European Central Bank. General rights It is not permitted to download or to forward/distribute the text or part of it without the consent of the author(s) and/or copyright holder(s), other than for strictly personal, individual use, unless the work is under an open content license (like Creative Commons). Disclaimer/Complaints regulations If you believe that digital publication of certain material infringes any of your rights or (privacy) interests, please let the Library know, stating your reasons. In case of a legitimate complaint, the Library will make the material inaccessible and/or remove it from the website. Please Ask the Library: https://uba.uva.nl/en/contact, or a letter to: Library of the University of Amsterdam, Secretariat, Singel 425, 1012 WP Amsterdam, The Netherlands. You will be contacted as soon as possible. UvA-DARE is a service provided by the library of the University of Amsterdam (https://dare.uva.nl) Download date:02 Oct 2021 LEGAL ASPECTS OF THE EUROPEAN SYSTEM OF CENTRAL BANKS LEGAL ASPECTS OF THE EUROPEAN SYSTEM OF CENTRAL BANKS SYSTEM THE EUROPEAN ASPECTS OF LEGAL LIBER AMICORUM EUROPEAN CENTRAL BANK EUROPEAN PAOLO ZAMBONI GARAVELLI LEGAL ASPECTS OF THE EUROPEAN SYSTEM OF CENTRAL BANKS LIBER AMICORUM PAOLO ZAMBONI GARAVELLI © European Central Bank, 2005 Address Kaiserstrasse 29 60311 Frankfurt am Main, Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany Telephone +49 69 1344 0 Website http://www.ecb.int Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved.
    [Show full text]
  • Biographies Latin America, the United States and Spain in the Global Economy Forum
    BIOGRAPHIES LATIN AMERICA, THE UNITED STATES AND SPAIN IN THE GLOBAL ECONOMY FORUM LUIS DE GUINDOS Minister of Economy and Competitiveness, Government of Spain Luis de Guindos Jurado is a Spanish politician and the currently Minister of Economy and Competitiveness of Spain. He holds a Bachelor of Economics and Business at the Colegio Universitario de Estudios Financieros. He is since 2012 the current Minister of Economy and Competitiveness Acting Minister of Spain, and from Friday, April 15, 2016 he also assumes Affairs Ministry of Industry, Energy and Tourism. In December 1996, he was appointed General Manager of Economic Policy and Defense of Competition, and in May 2000 he was appointed Secretary General of esta same charge. He has been part of the Board of Renfe Between 1997 and 2000, the Official Credit Institute from 2000 to 2002, the Sociedad Estatal de Participaciones Industriales in 2002, and the Secretary of State of Economy in the last government of José María Aznar (2002-2004). In 2004, he was responsible for the economic program that Mariano Rajoy was presented at the General Elections. Luis de Guindos is the Director of the Instituto de Empresa since 2010, Member of the Board of Directors of Endesa as an Independent External. De Guindos was the coordinator of the book promoted by the FAES Foundation in 2010. This book could be considered the basis of the ideological Economic Policy of the Popular Party and it moves between two fundamental areas: drastic cost containment in Public Administration and Reforms areas such as labor and financial sector. ALFONSO PRAT-GAY Minister of Finance of Argentina Alfonso Prat-Gay is Minister of Economy and Finance of Argentina.
    [Show full text]
  • Válogatás a Nemzetközi Intézmények És Külföldi Jegybankok Publikációiból
    NEMZETKÖZI SZEMELVÉNYEK Válogatás a nemzetközi intézmények és külföldi jegybankok publikációiból 2020. november 26. – december 02. 26. 1 TARTALOMJEGYZÉK 1. MONETÁRIS POLITIKA, INFLÁCIÓ ................................................................................................... 3 2. PÉNZÜGYI STABILITÁS, PÉNZÜGYI PIACOK .................................................................................... 4 3. MIKROPRUDENCIÁLIS FELÜGYELET ÉS SZABÁLYOZÁS ................................................................... 5 4. FINTECH, KRIPTOVALUTÁK, MESTERSÉGES INTELLIGENCIA .......................................................... 6 5. ZÖLD PÉNZÜGYEK, FENNTARTHATÓ FEJLŐDÉS ............................................................................. 8 6. PÉNZFORGALOM, FIZETÉSI RENDSZEREK ....................................................................................... 9 7. MAKROGAZDASÁG ....................................................................................................................... 10 8. ÁLTALÁNOS GAZDASÁGPOLITIKA ................................................................................................ 11 9. KÖLTSÉGVETÉSI POLITIKA, ADÓZÁS ............................................................................................. 12 10. SZANÁLÁS .................................................................................................................................. 14 11. STATISZTIKA .............................................................................................................................
    [Show full text]