Jacques de Larosière

Jacques de Larosière      (central banker, civil servant)
Born	12 November 1929 Paris, France
Nationality	French
Alma mater	Lycée Louis-le-Grand, Sciences Po, ÉNA
Member of	Delors committee, Group of Thirty
Relatives	Thierry Bizot
French former central banker and public official. Managing Director of the IMF and European Bank for Reconstruction and Development. Group of Thirty. Attended the 1982 Bilderberg meeting.  President of the European Bank for Reconstruction and Development In office September 1993 - January 1998  Managing Director of the IMF In office 17 June 1978 - 15 January 1987 Preceded by Johan Witteveen Succeeded by Michel Camdessus Attended the 1982 Bilderberg meeting.  Governor of the Banque de France In office 1987 - 1993 Preceded by Michel Camdessus

Jacques de Larosière de Champfeu is a French former central banker and public official. In 1992 Larosière became a member of the Washington-based Group of Thirty. He attended the 1982 Bilderberg meeting.

Family and education

Larosière descends from Joseph Thebaud. He studied at Lycée Louis-le-Grand and Institut d'Etudes Politiques de Paris. He graduated from École nationale d'administration in 1958 and entered the elite French Finance Ministry internal inspectorate known as the Inspection générale des finances.

Career

From 1965 to 1974 Larosière worked at the Directorate-General of the Treasury within the French Finance Ministry. He then briefly joined the private office (cabinet) of Finance Minister Valéry Giscard d'Estaing, and following the latter election as French President, was appointed Director of the French Treasury in 1974, a position he held for the next four years.

He was then the Managing Director of the International Monetary Fund (IMF) from 17 June 1978 to 15 January 1987.

From 1987 to 1993 he was the Governor of the Banque de France.

In September 1993 Larosière became President of the London-based European Bank for Reconstruction and Development, 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.

In the wake of the Bankruptcy of Lehman Brothers, European Commission President José Manuel Barroso asked Larosière to lead a high-level group that in February 2009 produced a landmark report, known as the "Larosière Report" and recommending a broad overhaul of the European Union financial regulatory architecture. The Larosiere Report's suggestions were adopted in EU legislation enacted in 2010 that created the European Banking Authority, the European Insurance and Occupational Pensions Authority, the European Securities and Markets Authority, and the European Systemic Risk Board.

As of 2021 he remains Chairman of the Strategic Committee of the French debt management office, the Agence France Trésor, and advisor to BNP Paribas.

Policy advocacy

In 2000 he co-created Eurofi and became its co-chair together with Daniel Lebègue, then sole chair from 2011 to 2016.

 

Event Participated in

Event	Start	End	Location(s)	Description
Bilderberg/1982	14 May 1982	16 May 1982	Norway Sandefjord	The 30th Bilderberg, held in Norway.

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References

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