Earlier this month, Hélène Rey, Professor of Economics, was appointed a member of the College (Governing Board) of the new French financial supervisory body, the Autorité de Controle Prudential. Professor Rey is the only academic among the 16-member Board, which is chaired by the Governor of the Banque de France.
The Autorité de Controle Prudential, with a staff of 1000, will be responsible for prudential supervision and regulation, financial stability, and consumer protection in France. Professor Rey’s role is analogous to that of Professor Andrew Scott, who was recently appointed a non-executive Director of the UK Financial Services Authority. The French Minister of Finance, Christine Lagarde, introduced the College when launching the new body at a public ceremony in the Banque de France on 9 March.
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