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Sabine Lautenschläger
Sabine Lautenschläger (born 3 June 1964) is a German jurist who served as a member of the Executive Board of the European Central Bank from 2014 to 2019. She previously served as vice-president of the Deutsche Bundesbank from 2011 to 2013.CV at Bundesbank.de In 2022, Lautenschläger joined law firm Covington’s Frankfurt office as Senior Advisor. Education and early career Lautenschläger graduated with a from the |
Executive Board Of The European Central Bank
The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank. The Executive Board consists of the President, the Vice-President and four other members, one of whom concurrently serves as ECB chief economist. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term. As an exception, the officeholders appointed to the original Board received staged terms so that one would be replaced each year. Under the ECB's rules board members do not ''represent'' a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area. Current members The current members of the ECB Executive Board are as follows: List of Board members The following is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish National Bank
Sveriges Riksbank, or simply the ''Riksbank'', is the central bank of Sweden. It is the world's oldest central bank and the fourth oldest bank in operation. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish word ''rike'', which means ''realm'', ''kingdom'', ''empire'' or ''nation'' in English. A literal English translation of the bank's name could thus be ''Sweden's Realm's Bank''. The bank, however, doesn't translate its name to English but uses its Swedish name ''the Riksbank'' also in its English communications. History The Riksbank began operations in 1668. Previously, Sweden was served by the Stockholms Banco (also known as the Bank of Palmstruch), founded by Johan Palmstruch in 1656. Although the bank was private, it was the king who chose its management: in a letter to Palmstruch, he gave permission to its operations according to stated regulations. But Stockholms Banco collapsed as a result of the issuing of too many notes without t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mario Draghi
Mario Draghi (; born 3 September 1947) is an Italian economist, academic, banker and civil servant who served as prime minister of Italy from February 2021 to October 2022. Prior to his appointment as prime minister, he served as President of the European Central Bank (ECB) between 2011 and 2019. Draghi was also Chair of the Financial Stability Board between 2009 and 2011, and Governor of the Bank of Italy between 2006 and 2011. After a lengthy career as an academic economist in Italy, Draghi worked for the World Bank in Washington, D.C., throughout the 1980s, and in 1991 returned to Rome to become Director General of the Italian Treasury. He left that role after a decade to join Goldman Sachs, where he remained until his appointment as Governor of the Bank of Italy in 2006. His tenure as Governor coincided with the 2008 Great Recession, and in the midst of this he was selected to become the first Chair of the Financial Stability Board, the global standard-setter that replaced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Supervisory Mechanism
The Single Supervisory Mechanism (SSM) is the first pillar of the European banking union and is the legislative and institutional framework that grants the European Central Bank (ECB) a leading supervisory role over banks in the EU. The ECB directly supervises the larger banks while it does it indirectly for the smaller ones. Eurozone countries are required to participate, while participation is voluntary for non-eurozone EU member states. In October 2020, two non-Eurozone countries joined the European banking supervision mechanism through a process known as close cooperation: Bulgaria and Croatia. As of early 2021, the SSM directly supervises 115 banks across the Union, representing almost 82% of banking assets of these countries. The SSM, along with the Single Resolution Mechanism are the two central components of the European banking union. Genesis The question of supervising the European banking system arose long before the financial crisis of 2007-2008. Shortly after t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danièle Nouy
Danièle Nouy is a French public servant who served as Chair of the Supervisory Board at the European Central Bank from 1 January 2014 to 31 December 2018. In this capacity, she was regarded as the effective head of the Single Supervisory Mechanism. Early life and education Nouy grew up in Brittany and later studied political science and law. Career Nouy worked at Banque de France from 1976 to 1996. She later served as secretary general of the French Prudential Supervision and Resolution Authority from 9 March 2010 to 31 December 2013. As head of the Supervisory Board, Nouy later oversaw the implementation of the Single Supervisory Mechanism. For her nomination, Mario Draghi, president of the European Central Bank, declared, “The appointment of the Supervisory Board Chair marks an important milestone as the ECB establishes a single supervisory mechanism for banks in the euro area. Mrs. Nouy brings almost 40 years of experience in banking supervision. Her appointment wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Parliament Committee On Economic And Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the Committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Die Tageszeitung
''Die Tageszeitung'' (, “The Daily Newspaper”), is counted as being one of modern Germany's most important newspapers and amongst the top seven. taz is stylized as ''die tageszeitung'' and commonly referred to as ''taz'', is a cooperative-owned German daily newspaper administrated by its employees and a co-operative of shareholders who invest in a free independent press, rather than to depend on advertising and, these days, pay-walls. Founded in 1978 in Berlin as part of an independent, progressive and politically left-leaning movement, it has focused on current politics, social issues such as inequality, ecological crises both local and international, and other topics not covered by the more traditional and conservative newspapers. It mostly supports the alternative green political sphere and the German Green Party, but ''Die Tageszeitung'' has also been critical of the SPD/Greens coalition government (1998–2005). It is being described as alternative-left and critical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gertrude Tumpel-Gugerell
Gertrude Tumpel-Gugerell (born 11 November 1952 in Kapelln) is an Austrian economist who served as a member of the Executive Board of the European Central Bank from 2003 to 2011. She previously served as vice-governor of the Oesterreichische Nationalbank from 1998 to 2003. She has been a member of the Council of the University of Leoben. Career From 1998 until 2003, Tumpel-Gugerell served as vice governor of Austria's central bank Oesterreichische Nationalbank. During her time as member of the Executive Board of the European Central Bank, Tumpel-Gugerell was responsible for market operations, payment systems and market infrastructure as well as human resources, the budget, and organisation. Currently, Tumpel-Gugerell is an Emeritus Consultant at the Austrian Institute of Economic Research (WIFO). From 2013 until 2014, she also served as chairperson of the European Commission's expert group on a debt redemption fund and eurobills; in 2014, she submitted the group's final report t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elke König
Elke König (born 28 January 1954) is a German MBA in Business and auditor. From January 2012, she was president of the Federal Financial Supervisory Authority (BaFin); in December 2014, she became the first Chair of the newly established Single Resolution Board (SRB) of the Single Resolution Mechanism headquartered in Brussels. Early life and education König was born near Cologne (Rhineland).Frank Drost, Peter Köhler, Susanne Metzger:. '' Elke König - champion of clarity. '' Handelsblatt of 25 January 2012 Design. She studied Business Administration at the University of Cologne from 1972 to 1976, where she earned a doctoral degree (Dr rer. pol.) between 1976 and 1980. Career From 1980 to 1990, König 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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Claudia Maria Buch
Claudia Maria Buch (also Claudia-Maria Buch; born March 1966) is a German economist who currently serves as Vice President of the Bundesbank. She previously worked as professor at the University of Tübingen and served as a member of the German Council of Economic Experts. Buch worked as scientific director at the Institut für Angewandte Wirtschaftsforschung (Institute of Applied Economic Studies) in Tübingen and as chairperson of the economic council at the Federal Ministry of Economics and Technology. She still teaches at the Otto-von-Guericke-Universität Magdeburg. Her research focuses on regulation and supervision of banking. Career Buch was born in March 1966 in Paderborn. She attended the Gymnasium Theodorianum in Paderborn and subsequently studied economics at the University of Bonn from 1985 to 1991, graduating with a degree as ''Diplom-Volkswirtin''. She was also granted a Master of Business Administration at the University of Wisconsin–Eau Claire after studying t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outright Monetary Transactions
Outright Monetary Transactions ("OMT") is a program of the European Central Bank under which the bank makes purchases ("outright transactions") in secondary, sovereign bond markets, under certain conditions, of bonds issued by Eurozone member-states. The program was presented by its supporters as a principal manifestation of Mario Draghi's (July 2012) commitment to do "whatever it takes" to preserve the euro. OMT is considered by the European Central Bank once a Eurozone government asks for financial assistance. The Eurozone has established the European Stability Mechanism and the European Financial Stability Facility bailout funds in order to meet the challenges of the European debt crisis. From these funds and through OMT, the Eurozone's central bank can, henceforth, buy government-issued bonds that mature in 1 to 3 years, provided the bond-issuing countries agree to certain domestic economic measures – the latter being the so-called term of "conditionality". The aim of the prog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
