Klaus P. Regling (born 3 October 1950 in Lübeck, West Germany) is a German economist and current Chief Executive Officer of the European Financial Stability Facility (EFSF) and Managing Director of the European Stability Mechanism. Regling was reportedly considered as a possible head of the European Central Bank to succeed Jean Claude Trichet.
Regling studied economics at the University of Hamburg, and after receiving his bachelor's degree in 1971 went on to the University of Regensburg, where he earned a master's in the subject in 1975. In 1975 he began work in Washington, D.C. at the International Monetary Fund (IMF). He spent his first two years as part of the IMF's Young Professional Program, specifically the Research and African Department, and the following three years as an economist in the Research Department.
In 1980 he left and spent a year in the Economics Department of the German Banker’s Association before being hired as an economist by the German Ministry of Finance, where he worked in the European Monetary Affairs Division until 1985. That year he returned to the IMF and worked both in Washington as well as in Jakarta, Indonesia. In 1991 Regling left the IMF once again and returned to the German Ministry of Finance, where he was named the Chief of the International Monetary Affairs Division. In 1993 he became the Deputy Director-General for International Monetary and Financial Relations and in 1995 the Director-General for European and International Financial Relations. He remained with the ministry until 1998, and the following year entered the private sector as the Managing Director of the Moore Capital Strategy Group in London.
Regling was appointed the Director General of the European Commission's Economic and Financial Affairs directorate in 2001 and remained there till June 2008. From 2008 to March 2009 he was part of the Issing Commission, which was formed by Chancellor Angela Merkel to advise the government on financial regulatory reform. He also became chairman of the Brussels-based KR Economics consultancy. On July 1, 2010 he became head of the European Financial Stability Facility.
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