Difference between revisions of "Stefan Ingves"

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|nationality= Swedish
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|birth_date=23 May 1953
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|birth_place=Turku, Finland
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|description=Governor of Sveriges Riksbank, the central bank of Sweden
 
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|alma_mater=Stockholm School of Economics
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|title=Governor of Sveriges Riksbank
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'''Stefan Nils Magnus Ingves''' is a [[Swedish-speaking population of Finland|Finnish]]-born [[Sweden|Swedish]]<ref>https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2022/stefan-ingves-awarded-a-finnish-order/</ref> banker, economist and civil servant currently serving as the [[Sveriges Riksbank|Governor of Sveriges Riksbank]], the [[central bank]] of Sweden. Also, currently serves as the Vice-Chairman of the [[Bank for International Settlements|Bank for International Settlements (BIS)]], since November 2021.<ref>https://www.bis.org/press/p211108a.htm</ref> In June 2022, Ingves announced that he will resign as Governor of Sveriges Riksbank on 31 December 2022. He will be replaced in the role by the current director of the [[Financial Supervisory Authority (Sweden)|Swedish Financial Supervisory Authority]], [[Erik Thedéen]].<ref>https://www.reuters.com/markets/rates-bonds/swedens-central-bank-picks-erik-thedeen-new-governor-2022-06-17/</ref>
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==Early life==
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Ingves has a [[Swedish-speaking Finns|Finland Swedish]] background and grew up in the village of [[Närpes]] in western Finland.<ref name=ne-ingves>http://www.ne.se/stefan-ingves</ref>
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In 1984, he earned a Ph.D. in [[Economics]] at the Stockholm School of Economics and his thesis is called "aspects of trade credits", about credit models between companies.<ref>Riksbank, [http://www.riksbank.se/upload/Dokument_riksbank/Kat_publicerat/Direktionen/2011/Stefan%20Ingves%20CV_eng.pdf Ingves CV]</ref>
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==Career==
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Ingves was named Governor of [[Sveriges Riksbank]] in 2006.<ref name=ne-ingves />  In response to the Icelandic financial crisis of 2008, Ingves argued that "in times of uncertainty and turmoil, the central banks have a responsibility to cooperate."<ref>Landler, Mark. [https://www.nytimes.com/2008/05/17/business/worldbusiness/17iceland.html?scp=1&sq=stefan%20ingves&st=cse  "3 Nordic Banks Help Iceland Prop Up Currency,"]  ''New York Times.'' 17 May 2008; retrieved 17 August 2011</ref> Ingves confronted the "task of safeguarding macroeconomic and financial stability" in 2008;<ref>[https://www.nytimes.com/2008/05/16/business/worldbusiness/16iht-16iceland.12952388.html?scp=3&sq=stefan%20ingves&st=cse  "Nordic central banks act to support Icelandic currency,"] ''New York Times.'' 16 May 2008; retrieved 17 August 2011</ref> and in 2009, he presided over a decline to the lowest official Swedish interest rate since records began in 1907.<ref>[https://www.nytimes.com/2009/02/11/business/worldbusiness/11iht-11rates.20111879.html?scp=2&sq=stefan%20ingves&st=cse  "Swedish central bank cuts rates to record 1 percent,"] ''New York Times.'' 1 November 2009; retrieved 17 August 2011</ref>
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From 2011 until 2019, Ingves served as the Chairman of the [[Basel Committee on Banking Supervision]].<ref>[http://www.bis.org/about/factbcbs.htm Fact sheet - Basel Committee on Banking Supervision] at the Bank for International Settlements website</ref><ref>Caroline Binham (March 7, 2019), [https://www.ft.com/content/c18becce-40df-11e9-b896-fe36ec32aece Bank of Spain governor appointed head of Basel Committee for banks] ''[[Financial Times]]''.</ref>
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==Other activities==
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* [[Bank for International Settlements]] (BIS), Ex-Officio Member of the Board of Directors<ref>[https://www.bis.org/about/board.htm?m=1%7C2%7C2 Board of Directors] [[Bank for International Settlements]] (BIS).</ref>
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* [[Financial Stability Board]] (FSB), Ex-Officio Member of the Standing Committee on Supervisory and Regulatory Cooperation
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* [[International Monetary Fund]] (IMF), Ex-Officio Member of the Board of Governors<ref>[http://www.imf.org/external/np/sec/memdir/members.aspx Board of Governors] [[International Monetary Fund]] (IMF).</ref>
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==References==
 
==References==
 
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Latest revision as of 09:32, 27 July 2022

Person.png Stefan Ingves  Rdf-entity.pngRdf-icon.png
(central banker, economist)
Stefan Ingves.jpg
Born23 May 1953
Turku, Finland
Nationality Swedish
Alma materStockholm School of Economics
Governor of Sveriges Riksbank, the central bank of Sweden

Employment.png Governor of Sveriges Riksbank

In office
1 January 2006 - Present

Stefan Nils Magnus Ingves is a Finnish-born Swedish[1] banker, economist and civil servant currently serving as the Governor of Sveriges Riksbank, the central bank of Sweden. Also, currently serves as the Vice-Chairman of the Bank for International Settlements (BIS), since November 2021.[2] In June 2022, Ingves announced that he will resign as Governor of Sveriges Riksbank on 31 December 2022. He will be replaced in the role by the current director of the Swedish Financial Supervisory Authority, Erik Thedéen.[3]

Early life

Ingves has a Finland Swedish background and grew up in the village of Närpes in western Finland.[4]

In 1984, he earned a Ph.D. in Economics at the Stockholm School of Economics and his thesis is called "aspects of trade credits", about credit models between companies.[5]

Career

Ingves was named Governor of Sveriges Riksbank in 2006.[4] In response to the Icelandic financial crisis of 2008, Ingves argued that "in times of uncertainty and turmoil, the central banks have a responsibility to cooperate."[6] Ingves confronted the "task of safeguarding macroeconomic and financial stability" in 2008;[7] and in 2009, he presided over a decline to the lowest official Swedish interest rate since records began in 1907.[8]

From 2011 until 2019, Ingves served as the Chairman of the Basel Committee on Banking Supervision.[9][10]

Other activities


 

Event Participated in

EventStartEndLocation(s)Description
WEF/Annual Meeting/201323 January 201327 January 2013Switzerland
World Economic Forum
2500 mostly unelected leaders met to discuss "leading through adversity"
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References

Wikipedia.png This page imported content from Wikipedia on 07.07.2022.
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