Alexandre Lamfalussy

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Alexandre Lamfalussy
Lámfalussy Sándor.jpg
President of the European Monetary Institute
In office
12 January 1994 – 1 July 1997
Preceded byPosition established
Succeeded byWim Duisenberg
General Manager of the Bank for International Settlements
In office
1 May 1985 – 31 December 1993
PresidentJean Godeaux
Wim Duisenberg
Bengt Dennis
Preceded byGunther Schleiminger
Succeeded byAndrew Crockett
Personal details
Born(1929-04-26)26 April 1929
Kapuvár, Hungary
Died9 May 2015(2015-05-09) (aged 86)
Ottignies, Belgium
EducationCatholic University of Leuven
Nuffield College, Oxford

Alexandre, Baron Lamfalussy (Hungarian:báró Lámfalussy Sándor, 26 April 1929 – 9 May 2015), was a Hungarian-born Belgian economist and central banker.

Born in Kapuvár, Hungary,[1] Lamfalussy left his native country in 1949. He studied at the Catholic University of Leuven and Nuffield College, Oxford, where he received his doctorate in economics. He later taught at the University of Louvain (UCLouvain) and Yale.

In 1963 he was among the founders of SUERF - an association originally set up as a group to promote financial research among academics, and served as the Association's first Honorary Treasurer. In honour of his contribution to European monetary and financial issues, he was made an honorary member of SUERF at the association's 40th anniversary meeting held at the Banque de France in Paris.

From 1976 he was an economic adviser to the Bank for International Settlements in Basel and held the post of assistant general manager from 1981 to 1985. He was then general director of the bank, where he remained until 1993.

From 1994 to 1997 he was founding president of the European Monetary Institute in Frankfurt, forerunner to the European Central Bank.

From 2000 to 2001 he chaired the Committee of Wise Men on the Regulation of European Securities Markets, whose proposals were adopted by the Council of the European Union in March 2001. As chair of the committee, he oversaw the creation of the Lamfalussy process, an approach to the development of financial service industry regulation used most famously in MiFID - the Markets in Financial Instruments Directive. In 2013 he was decorated with Hungary's highest decoration, Grand Cross of the Order of Saint Stephen of Hungary. He died on 9 May 2015 in Ottignies, Belgium.[2]


  1. ^ 60th, 96-97 (1 August 1996). "The International Who's Who 1996-97". Europa Publications – via Google Books.
  2. ^ "The Times & The Sunday Times".

External links[edit]

Diplomatic posts
Preceded by
Gunther Schleiminger
General Manager of the Bank for International Settlements
Succeeded by
Andrew Crockett
Government offices
New office President of the European Monetary Institute
Succeeded by
Wim Duisenberg