Master of Laws (KU Leuven, 1987)
Master of Economic Sciences (KU Leuven, 1988)
Bachelor’s degree in Political Science (KU Leuven, 1985)
Master of Philosophy (KU Leuven, 2015)
Master of History (KU Leuven, 2019)
Professional career
Attaché at Kredietbank (1987-1988)
Attaché at BACOB Spaarbank and advisor in the Research Centre of CEPESS (1988-1989)
Advisor to Herman Van Rompuy, chairman of the CVP (1990-1991)
Deputy chief of staff to Jos Chabert, minister of the Brussels-Capital Region, in charge of the Budget, Finance, the Civil service and External Affairs (1991-1993)
Director-general of the Port of Brussels (1993-2000)
Chief of staff to Jos Chabert minister of the Brussels-Capital Region, in charge of the Budget, Finance, Economic affairs and External Affairs (1995-1999)
Deputy director-general of the Brussels public transport company MIVB (2000-2005)
Member of the Flemish Parliament (2004-2007)
Minister of Welfare, Public Health and Family in the Flemish government (2007-2008)
Deputy Prime minister in the Belgian federal government,
In charge of the Civil service, Public enterprise and Institutional reform (2008-2009)
Foreign affairs and Institutional reform (2009-2011)
Finance and Sustainable development (2011-2013)
Member of the Belgian federal Parliament (2013-2014)
Senator, chairman of the parliamentary party and chairman of the committee Regional affairs in the Senate (2014-2019)
Academic manager of KU Leuven campus Brussel and Sint-Lucas Brussel (2015-2018)
Director of the National Bank of Belgium (02.01.2019)
Vice-Governor of the National Bank of Belgium (19.04.2021)
Current functions or mandates
International
European Insurance and Occupational Authority (EIOPA) as from 01.03.2023
Member of the Board of Supervisors
Bank for International Settlements (BIS) as from 01.03.2023
Member of the Committee on the Global Financial System
Deputy Director
European Systemic Board (ESRB) as from 01.03.2023
Member of the General Council
High Level Task Force on the Integrated Reporting Framework of the European Central Bank (HLTF IreF) as from 13.10.2021
Member
International Monetary and Financial Committee Deputies (IMFC Deputies) as from 30.07.2021
Member
European Central Bank (ECB) as from 19.04.2021
Deputy member of the General Council
Deputy member of the Governing Council
Organisation for European Economic Co-operation (OEES) as from 01.04.2021
Member of the Working Party No. 3 on Policies for the Promotion of Better International Payments Equilibrium of the Economic Policy Committee (OEES-EPC-WP3)
National
High Council of Finance as from 01.09.2023
Member of the Ageing Committee
Belgian Financial Forum as from 21.03.2023
Chairman of the Steering Committee
Conseil supérieur de l’emploi as from 26.04.2019
Vice-chairman
R.D. 26.04.2019
High Council of Finance as from 07.04.2019
Member of the “Public sector borrowing requirements” section
R.D. 07.04.2019
National Acoounts institute as from 02.01.2019
Member of the Board of Directors
Institut interfédéral de statistique as from 02.01.2019
Member
National Bank of Belgium as from 02.01.2019
Member of the Resolution College
Francesco Mazzaferro has been the Head of the Secretariat of the European Systemic Risk Board (ESRB) since January 2011. Prior to that, he was the Project Manager of the ESRB Preparatory Secretariat, which started work in March 2010. He began his career in financial research in the Research Department of the Istituto Bancario San Paolo di Torino (today part of Intesa Sanpaolo) in Turin, Italy, in 1987. He joined the European Commission in Brussels, Belgium, in 1992, starting his international career in the Directorate General for Economic and Financial Affairs, where his work focused on the European Currency Unit and preparations for the introduction of the single currency. In 1995 Mazzaferro joined the European Monetary Institute – which later became the European Central Bank – in Frankfurt am Main, Germany, as the Officer of Policy Planning. In 1998 he became the Senior European Relations Officer in the European Relations Division. From 2000 he worked as Principal in the EU Neighbouring Regions Division, becoming the Head of Division in 2003. Mazzaferro studied law at the University of Bologna and wrote his Master’s thesis on “EU law and legal aspects of the euro”. Mazzaferro has been working in the field of European monetary policy for almost 20 years. Currently he is the Head of the ESRB Secretariat.
Former Chief Economist of the ECB and Honorary Member of SUERF
Peter Praet
Peter Praet joined the European Central Bank as Member of the Executive Board in 2011. He is responsible for the Directorate General Economics.
Mr Praet gained a PhD. in economics from the Université libre de Bruxelles in 1980. He was an Economist at the International Monetary Fund from 1978 to 1980, Professor of Economics at the Université libre de Bruxelles from 1980 to 1987, Chief Economist of Générale de Banque and Fortis Bank from 1988 to 1999 and Chef de cabinet for the Belgian Minister of Finance from 1999 to 2000. Before joining the ECB, he was Executive Director of the Nationale Bank van België/Banque Nationale de Belgique from 2000 to 2011. Here, he was responsible for International Cooperation, Financial Stability and Oversight of Financial Infrastructures and Payments Systems. Between 2002 and 2011 he was also a member of the Management Committee of the Belgian Banking, Financial and Insurance Commission, where he was responsible for prudential policy for banking and insurance.
Mr Praet has served on several high-level international bodies, including the Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the Committee on the Global Financial System and the European Banking Authority. He was First Alternate of the Board of Directors of the Bank for International Settlements from 2000 to 2011.
Claudio Borio was appointed Head of the Monetary and Economic Department on 18 November 2013.
At the BIS since 1987, Mr Borio has held various positions in the Monetary and Economic Department (MED), including Deputy Head of MED and Director of Research and Statistics as well as Head of Secretariat for the Committee on the Global Financial System and the Gold and Foreign Exchange Committee (now the Markets Committee).
From 1985 to 1987, he was an economist at the OECD, working in the country studies branch of the Economics and Statistics Department. Prior to that, he was Lecturer and Research Fellow at Brasenose College, Oxford University. He holds a DPhil and an MPhil in Economics and a BA in Politics, Philosophy and Economics from the same university.
