Stefan Ingves
 Stefan Ingves    (central banker, economist) | |
|---|---|
 | |
| Born | 23 May 1953 Turku, Finland |
| Nationality | Swedish |
| Alma mater | Stockholm School of Economics |
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
- Bank for International Settlements (BIS), Ex-Officio Member of the Board of Directors[11]
- Financial Stability Board (FSB), Ex-Officio Member of the Standing Committee on Supervisory and Regulatory Cooperation
- International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors[12]
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| WEF/Annual Meeting/2013 | 23 January 2013 | 27 January 2013 | Switzerland World Economic Forum | 2500 mostly unelected leaders met to discuss "leading through adversity" |
References
- ↑ https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2022/stefan-ingves-awarded-a-finnish-order/
- ↑ https://www.bis.org/press/p211108a.htm
- ↑ https://www.reuters.com/markets/rates-bonds/swedens-central-bank-picks-erik-thedeen-new-governor-2022-06-17/
- ↑ a b http://www.ne.se/stefan-ingves
- ↑ Riksbank, Ingves CV
- ↑ Landler, Mark. "3 Nordic Banks Help Iceland Prop Up Currency," New York Times. 17 May 2008; retrieved 17 August 2011
- ↑ "Nordic central banks act to support Icelandic currency," New York Times. 16 May 2008; retrieved 17 August 2011
- ↑ "Swedish central bank cuts rates to record 1 percent," New York Times. 1 November 2009; retrieved 17 August 2011
- ↑ Fact sheet - Basel Committee on Banking Supervision at the Bank for International Settlements website
- ↑ Caroline Binham (March 7, 2019), Bank of Spain governor appointed head of Basel Committee for banks Financial Times.
- ↑ Board of Directors Bank for International Settlements (BIS).
- ↑ Board of Governors International Monetary Fund (IMF).
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