Stefan Ingves
Stefan Ingves | |
|---|---|
| Born | May 23, 1953 Närpes, Finland |
| Occupation(s) | Banker, economist, public official |
| Known for | Governor of Sveriges Riksbank (2006–2022), Vice-chairman of the Bank for International Settlements (since 2021) |
Stefan Nils Magnus Ingves (born 23 May 1953) is a banker, economist, and public official of Swedish nationality, originally from Finland. He held the position of Governor at Sveriges Riksbank, Sweden's central banking institution, from 2006 until 2022. Since November 2021, he has occupied the role of vice-chairman at the Bank for International Settlements (BIS). In June 2022, Ingves declared his intention to resign effective 31 December 2022, with Erik Thedéen, formerly head of the Swedish Financial Supervisory Authority, appointed as his successor.
Early life
Originating from a Finland-Swedish background, Ingves was raised in Närpes, located in western Finland. He obtained his doctoral degree in Economics in 1984 from the Stockholm School of Economics, presenting a dissertation entitled Aspects of Trade Credit, which examined credit frameworks between enterprises.
Career
Ingves was named Governor of Sveriges Riksbank in 2006 and notably contributed during the Icelandic financial crisis between 2008 and 2011 by advocating for collaboration among central banks amid the instability. His tenure emphasized maintaining both macroeconomic and financial stability; notably, in 2009, he managed Sweden’s official interest rate reduction to its lowest point since 1907. From 2011 through 2019, he served as chairman of the Basel Committee on Banking Supervision, shaping international banking regulatory standards.
Other activities
- Bank for International Settlements (BIS), Board Member ex officio
- Financial Stability Board (FSB), Ex-Officio Member on the Standing Committee for Supervisory and Regulatory Cooperation
- International Monetary Fund (IMF), Member of the Board of Governors ex officio
Selected works
Stefan Ingves has produced over forty publications in various languages, concentrating on topics such as banking crises and central bank governance. Significant titles include:
- Den oreglerade kreditmarknaden (1981)
- Aspects of Trade Credit (1984)
- The Nordic Banking Crisis from an International Perspective (2002)
- Issues in the Establishment of Asset Management Companies (2004)
- Lessons Learned from Previous Banking Crises: Sweden, Japan, Spain, and Mexico (2009)
- Central Bank Management (2009)
Notes
Further reading
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