Jacques de Larosière

Jacques de Larosière de Champfeu (born 12 November 1929 in Paris) is a French central banker. He is the Chairman of the Strategic Committee of the French Treasury and Advisor to BNP Paribas, became President of the London-based European Bank for Reconstruction and Development in September 1993 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. Following the financial crisis, Larosière wrote a report to the European Commission, known as the "Larosière Report", advocating the creation of a “European Systemic Risk Board” to assess information about financial stability.[1]

Jacques de Larosière
President of the European Bank for Reconstruction and Development
In office
September 1993  January 1998
Preceded byJacques Attali
Succeeded byHorst Köhler
Governor of the Banque de France
In office
1987–1993
Preceded byMichel Camdessus
Succeeded byJean-Claude Trichet
Managing Director of the IMF
In office
17 June 1978  15 January 1987
Preceded byJohan Witteveen
Succeeded byMichel Camdessus
Personal details
Born (1929-11-12) 12 November 1929
Paris, France
NationalityFrench
EducationLycée Louis-le-Grand
Alma materSciences Po, ÉNA
ProfessionCivil servant

Prior to his EBRD service, Larosière was an able and tough-minded Managing Director of the International Monetary Fund (IMF) from 17 June 1978 to 15 January 1987, and Governor of the Banque de France from 1987 to 1993. In 1992, he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

Larosière is a graduate of the Institut d'Etudes Politiques de Paris, and École nationale d'administration.

He descends from Joseph Thebaud.

Honours

References

Civic offices
Preceded by
Johan Witteveen
Head of the International Monetary Fund
1978–1987
Succeeded by
Michel Camdessus
Preceded by
Michel Camdessus
Governor of the Banque de France
1987–1993
Succeeded by
Jean-Claude Trichet
Preceded by
Jacques Attali
President of the European Bank for Reconstruction and Development
1993–1998
Succeeded by
Horst Köhler
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