Fabio Panetta

Fabio Panetta (born 1 August 1959) is an Italian economist, former Director General of Bank of Italy and President of the Institute for the Supervision of Insurance (IVASS). From 1 January 2020, he has served on the Executive Board of the European Central Bank.

Fabio Panetta
Member of the Executive Board of the European Central Bank
Assumed office
1 January 2020
Preceded byBenoît Cœuré
Personal details
Born (1959-08-01) 1 August 1959
Rome, Italy
EducationLUISS University (Laurea)
London School of Economics (MSc)
London Business School (PhD)

Early life and education

The son of the former mayor of Pescosolido (Frosinone), Paolino Panetta,[1] Panetta was born in Rome in 1959. After graduating with honours in Economics from LUISS University (Rome) in 1982, he obtained an M.Sc. in Economics from the London School of Economics and a Ph.D in Economics and Finance from the London Business School.

Career

Panetta joined the Bank of Italy's Research Department in 1985,[2] becoming Head of its Monetary and Financial Division in 1999. From 2007 to 2011 he headed the Economic Outlook and Monetary Policy Department. In July 2011 he became Managing Director with the task of coordinating the Bank's activities relating to the Eurosystem.[3]

From 8 October 2010 to 9 May 2012 Panetta served as Deputy Director General of Bank of Italy, and immediately after he became Senior Deputy Governor of Bank of Italy (Presidential Decree of 3 May 2019).[4]

From 1 January 2020 onward Panetta has been an Executive Board member at the European Central Bank, replacing the French Benoît Cœuré. He is responsible for the directorates dealing with International and European relations, with market infrastructure, payments and banknotes.[5]

Panetta has a reputation among his colleagues for his staunch defense of Italian banking systems and an opponent of bail-in-rules.[2]

Other activities
  • Leibniz Institute for Financial Research (SAFE), Member of the Policy Council[6]

Recognition

In December 2019 Panetta was awarded the honorary title of Knight Grand Cross of the Order of Merit of the Republic of Italy.[7]

Personal life

Panetta is married and has three children[8]

References
  1. Cingolani, Stefani. "Vita, battaglie europee e carriera in Banca d'Italia di Panetta". Retrieved 26 June 2020.
  2. Albanese, Chiara; Sirletti, Sonia; Speciale, Alessandro (9 October 2019). "Fabio Panetta Awaits Role as ECB's Next Italian After Draghi". Bloomberg. Retrieved 24 August 2020.
  3. "Fabio Panetta CVs on the ECB website". Retrieved 23 July 2021.
  4. "Fabio Panetta CVs on the ECB website". Retrieved 23 July 2021.
  5. "Distribution of responsibilities among the Members of the Executive Board of the ECB and the Chief Services Officer" (PDF). Retrieved 26 June 2020.
  6. Policy Council Leibniz Institute for Financial Research (SAFE).
  7. "Fabio Panetta CVs on the ECB website". Retrieved 23 July 2021.
  8. "Proposal for a European Parliament Decision". Retrieved 26 June 2020.
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