Fabrizio saccomanni biography of michael

Fabrizio Saccomanni was a distinguished visiting fellow at the Peterson Institute for International Economics from January to November Fabrizio Saccomanni was a central banker for most of his professional career until he was appointed, minister of economy and finance in the Italian government from April to February , when the Cabinet of Enrico Letta resigned.

Prior to the Cabinet appointment, he had been senior deputy governor director general of the Bank of Italy from October to April Fabrizio Saccomanni joined the Bank of Italy in and was seconded to the International Monetary Fund IMF in Washington from to , as an economist in the exchange and trade department and subsequently in the office of the Italian executive director.

Upon his return to the Bank of Italy, he served as head of the research department and in the foreign department from to , and as managing director for international affairs from to During this period he acquired a deep expertise in the working of international financial and foreign exchange markets and represented the Bank of Italy in a number of committees dealing with monetary and financial cooperation at the BIS, the Organization for Economic Cooperation and Development, the IMF, and within the G-7 and the G Since then, he has been a member of the Italian delegation at meetings of the International Monetary and Financial Committee of the IMF, the Development Committee of the World Bank, and of the G, initially as one of the deputies and lately as minister of finance.

Delegates to the EBRD Annual Meeting attended a Networking Breakfast with Fabrizio Saccomanni.

A deeply committed Europeanist, Fabrizio Saccomanni took part in the process of European monetary unification from the beginning, first in the Expert Group on foreign exchange markets within the Committee of Governors of the Central Banks of the European Union and subsequently in the European Monetary Institute the precursor of the ECB , where he was chairman of the Foreign Exchange Policy Committee from to , and later as a member of the Economic and Financial Committee of the European Union.

In this period he was involved in preparation of the Delors Report on Economic and Monetary Union and in the drafting of the guidelines for the conduct of monetary and foreign exchange operations by the ECB, as well as in the negotiations on the Convergence Reports required for the establishment of the ECB and the participation of EU members in the euro.

As senior deputy governor of the Bank of Italy since , he participated in the implementation of the ECB monetary policy, particularly in the elaboration of the appropriate response to the global financial crisis. As minister of finance of Italy, he took part in in the negotiations in the ECOFIN Council of the European Union on the creation of the second pillar of the banking union, the Single Resolution Mechanism to deal with banking crises.

I am delighted to be here at the Peterson Institute to present my views on international financial instability before such a distinguished.

Fabrizio Saccomanni holds a MS degree in economics and business from Bocconi University in Milan and did postgraduate studies in monetary and international economics at Princeton University. He is the author of numerous articles on international monetary and financial issues and of the book Managing International Financial Instability Edward Elgar, We can only respond to requests for professional speaking engagements.

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