LBS economist to continue shaping European macroprudential policy through 2030

Professor Richard Portes of London Business School has been reappointed to the Advisory Scientific Committee of the European Systemic Risk Board (ESRB) for a further four-year term.

The reappointment, confirmed following the ESRB’s latest General Board meeting, extends his tenure until March 2030 and reflects his continued influence in shaping Europe’s macroprudential policy agenda.

Portes’ role on the Committee places him at the centre of the ESRB’s work advising on systemic financial risks across the European Union, including emerging threats linked to geopolitical instability, market volatility and the evolving structure of global finance. His reappointment follows a period of significant contribution to ESRB initiatives, including co-chairing its high-profile work on crypto-assets and financial stability. Recent ESRB-backed research has highlighted the systemic implications of stablecoins and cross-border financial innovation, helping to inform EU policy responses.

Biography

Professor Richard Portes is Professor of Economics at London Business School and a leading authority on international macroeconomics and financial markets. He is also a founder of the Centre for Economic Policy Research (CEPR) and has played a prominent role in European policy circles for decades. At the ESRB, Portes has served on the Advisory Scientific Committee and contributed to major policy initiatives, including work on sovereign risk, capital flows and, more recently, crypto-asset stability. His research and policy engagement have consistently bridged academic insight and real-world financial governance, reinforcing LBS’s influence at the highest levels of European economic policymaking.