Jacques de Larosière

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Jacques de Larosière
Managing Director of the IMF
In office
17 June 1978 – 15 January 1987
Preceded by Johan Witteveen
Succeeded by Michel Camdessus
Governor of the Banque de France
In office
1987–1993
Preceded by Michel Camdessus
Succeeded by Jean-Claude Trichet
Personal details
Born (1929-11-12) 12 November 1929 (age 85)
Paris, France
Nationality French
Alma mater Sciences-Po Paris, ÉNA
Profession Civil servant

Jacques de Larosière de Champfeu (born 12 November 1929 in Paris) is a French civil servant. He is the Chairman of the Strategic Committee of the French Treasury and Advisor to BNP Paribas, became President of the London-based European Bank for Reconstruction and Development in September 1993 in the wake of the scandals that led to the departure of the EBRD's first president, Jacques Attali. He left this position in 1998 after restoring the bank's reputation and credibility. Following the financial crisis, Larosière wrote a report to the European Commission, advocating the creation of a “European Systemic Risk Board” to assess information about financial stability.[1]

Prior to his EBRD service, Larosière was an able and tough-minded Managing Director of the International Monetary Fund (IMF) from 17 June 1978 to 15 January 1987, and Governor of the Banque de France from 1987 to 1993. In 1992, he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

Larosière is a graduate of the Institut d'Etudes Politiques de Paris, and École Nationale d'Administration.

References[edit]

  1. ^ Castle, Stephen (February 25, 2009), European Panel Seeks Closer Supervision of Banks, New York Times .
Civic offices
Preceded by
Johan Witteveen
Head of the International Monetary Fund
1978–1987
Succeeded by
Michel Camdessus
Preceded by
Jacques Attali
President of the European Bank for Reconstruction and Development
1993–1998
Succeeded by
Horst Köhler