2026 ECB Forum – Speakers

Programme and live webcast

In this capacity, he leads the IMF's work on financial sector surveillance, monetary and macroprudential policies, digital money, financial regulation, bank resolution, and capital markets. He also oversees capacity-building activities in IMF member countries with regard to the supervision and regulation of financial systems, bank resolution, central banking, monetary and exchange rate regimes, tokenised money and finance, and debt management.

Prior to joining the IMF, Mr Adrian was a Senior Vice-President of the Federal Reserve Bank of New York and the Associate Director of its Research and Statistics Group. At the Federal Reserve, he contributed to monetary policy, financial stability policies and crisis management.

Mr Adrian has published extensively in economics and finance journals. His research spans macro-finance, monetary policy and financial stability, with a focus on aggregate consequences of capital market developments. He has taught at Princeton University, New York University and Seoul National University, and served on the editorial boards of the International Journal of Central Banking and the Annual Review of Financial Economics.

Mr Adrian holds a PhD in economics from the Massachusetts Institute of Technology, an MSc in Econometrics and Mathematical Economics from the London School of Economics, a Diplom from Goethe University Frankfurt and a Maîtrise from Dauphine University Paris. He received his Abitur in Literature and Mathematics from Humboldtschule Bad Homburg.

She started in this role on 1 June 2025, after taking leave from Harvard Business School where she is the Warren Alpert Professor of Business Administration.

She served as Minister of National Planning and Economic Policy in Costa Rica from 2010 to 2012. She is Co-Editor of the Journal of International Economics and on the Editorial Board of the World Bank Research Observer, President of the Latin American and Caribbean Economic Association, Research Fellow at the Center for Economic and Policy Research and Research Associate at the National Bureau of Economic Research.

Ms Alfaro Maykall has authored numerous articles on international economics, capital flows, foreign direct investment, sovereign debt and trade. She earned her PhD in economics from the University of California, Los Angeles, where she received the Dissertation Fellowship award. She received a bachelor’s degree in economics from the Universidad de Costa Rica and a Licenciatura from the Pontificia Universidad Católica of Chile. Ms Alfaro Maykall is a citizen of Costa Rica and the United States.

Mr Bailey attended Queens’ College Cambridge in 1978‐84 where he gained a bachelor’s degree in history with first-class honours and a PhD in economic history.

He served as Chief Executive Officer of the Financial Conduct Authority (FCA) from 1 July 2016 until taking up the role of Governor of the Bank of England. As Chief Executive Officer of the FCA, he was also a member of the Prudential Regulation Committee, the Financial Policy Committee, and the Board of the Financial Conduct Authority.

He previously held the role of Deputy Governor, Prudential Regulation, and Chief Executive Officer of the Prudential Regulation Authority from 1 April 2013. While retaining his role as Executive Director of the Bank of England, he joined the Financial Services Authority in April 2011 as Deputy Head of the Prudential Business Unit and Director of UK Banks and Building Societies. In July 2012 he took up the position of Managing Director of the Prudential Business Unit, with responsibility for the prudential supervision of banks, investment banks and insurance companies. He was appointed as a voting member of the interim Financial Policy Committee at its June 2012 meeting.

Before that, he worked at the Bank of England in a number of areas, most recently as Executive Director for Banking Services and Chief Cashier, as well as Head of the Bank’s Special Resolution Unit. Other roles include Governor’s Private Secretary and Head of the International Economic Analysis Division in Monetary Analysis.

She is a member of the Monetary Policy Committee, Financial Policy Committee, Prudential Regulation Committee and the Bank of England’s Court of Directors. She is Co-Chair of the Financial Market Infrastructure Committee with the Governor.

Ms Breeden leads the Bank of England’s work on financial stability, the supervision of financial market infrastructures, international issues, payments innovation and fintech. She also has responsibility at Deputy Governor level for work on the monetary and financial stability risks stemming from climate change.

She is the Bank of England's Deputy at the G20 and its member on the Financial Stability Board.

She joined the Bank of England in 1991. She has been the Executive Director for Financial Stability Strategy and Risk and a member of the Financial Policy Committee (2021-23), the Executive Director for UK Deposit Takers Supervision (2019-21) and Executive Director for International Banks Supervision (2015-21).

Before that, she led the design and risk management of financial market operations undertaken by the Bank of England during the financial crisis. She then led work to support the transition of prudential regulation of banks and insurers from the Financial Services Authority to the Bank of England.

Ms Breeden is a governor of the National Institute of Economic and Social Research, and a visiting fellow at Nuffield College, University of Oxford. She is a trustee of the Education Endowment Foundation.

She has a master’s degree in economics from the University of Cambridge and an MSc in finance from the London Business School.

She is a Fellow of the Institut Louis Bachelier, Vice-President for Finance at UTC, and a member of the Scientific Council of the Autorité des Marchés Financiers. She serves as a Board Member of Actia Group, where she chairs the Corporate Social Responsibility Committee, as a Board Member of the Financial Intermediation Research Society (FIRS) and as a Board Member of the Fondation Institut Europlace de Finance.

She received her PhD in finance from UTC, following a visiting period at London Business School, and her Habilitation à diriger des recherches in 2002. She served as Dean of Toulouse School of Management (2010-15). She co-directs the Sustainable Finance and Responsible Investment research chair with TSE and École Polytechnique, and formerly directed the PhD programme in management at UTC (2006-10). She serves regularly on programme committees for conferences of the American Finance Association, Western Finance Association, European Finance Association and FIRS. Her research has been recognised by the Swiss Finance Institute’s Outstanding Working Paper Award (2017) and the FIR-PRI Best Pedagogical Initiative Award (2024).

Her research covers corporate finance theory, venture capital, corporate governance, fintech, and sustainable finance. Her work has been published in the Journal of Finance, the Review of Financial Studies, the American Economic Journal: Microeconomics, the Journal of Money, Credit and Banking, the Journal of Financial Intermediation, and the Review of Finance, among others.

He is also the Mark Burgess & Lisa Benson-Burgess Distinguished Professor at Duke University, working at the intersection of academia, policy, and business. He served in the Biden Administration as White House CHIPS coordinator and Acting Deputy Director of the National Economic Council, shaping industrial policy, manufacturing and supply chains. Before that, he was Chief Economist at the US Department of Commerce and a Senior Economist at the White House Council of Economic Advisers.

He is on leave as a Research Associate at the National Bureau of Economic Research and previously taught at Harvard Business School. Earlier in his career, he worked at Goldman Sachs and was a term member of the Council on Foreign Relations. Mr Chatterji holds a PhD from the University of California, Berkeley, and a bachelor’s degree in economics from Cornell University.

He is responsible for the Directorates General International and European Relations and Market Infrastructure and Payments, as well as the Directorate Banknotes.

Before joining the ECB, Mr Cipollone was Deputy Governor of the Banca d’Italia and a member of the Board of IVASS, Italy’s Institute for the Supervision of Insurance. He was also a member of the Coordination Group for the G20 cross-border payments programme at the Bank for International Settlements. Previously he served as an executive director at the World Bank Group.

Mr Cipollone is the author of several books and his papers have been published in various international journals, including such as The American Economic Review, Journal of the European Economic Association and Journal of Policy Modeling.

He graduated with honours in economics from the Sapienza University of Rome and went on to obtain a master’s degree in economics from Stanford University. He was also a visiting scholar at the economics department of the University of California, Berkeley.

She is known for her extensive expertise in financial markets and the global economy, as well as regular news-making interviews with some of the most prominent names in the financial world, including Phil Knight, Janet Yellen and Christine Lagarde.

Ms Eisen has hosted CNBC’s “Closing Bell”, “Squawk on the Street”, “Power Lunch” and “Worldwide Exchange”. She has also reported on “Inside Track: The Business of Formula 1”, a one-hour documentary that explores what is fuelling the popularity of the world’s most elite motorsports league, and who is profiting from it. She joined CNBC in December 2013 as a correspondent, focusing on the global consumer.

Before starting at CNBC, Ms Eisen was a co-anchor of “Bloomberg Surveillance”, as well as a correspondent for Bloomberg Television, where she covered global macroeconomics, policy and business. During that time, she reported on the European debt crisis, the Japanese tsunami of March 2011 and the Fukushima nuclear crisis. Ms Eisen also hosted the Bloomberg Radio programme “On the Economy”.

She is the editor of “Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System”, which was published by McGraw-Hill in January 2013.

She holds a master’s degree in broadcast journalism with a concentration in business reporting from the Medill School of Journalism at Northwestern University.

In his capacity as Executive Board member, Mr Elderson oversees the ECB’s Directorate General Legal Services.

He also co-chairs the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision.

Mr Elderson previously served as Executive Director of Banking Supervision at De Nederlandsche Bank, where he had held several senior positions prior to joining the Governing Board in 2011. He first took up a position at the national central bank in 1999 and before that had worked as a lawyer specialising in EU competition law.

Throughout his career, Mr Elderson has stressed the importance of climate and environment-related considerations for the financial sector, as well as for supervisors and central banks. In 2016 he founded De Nederlandsche Bank’s Sustainable Finance Platform, which he also chaired until 2020, and from 2018 to 2022 he served as the first Chair of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a network he helped to set up and expand.

Mr Elderson graduated in Dutch law from the University of Amsterdam in 1994 and obtained an LLM degree at Columbia Law School, New York, in 1995. He also took various courses at the University of Zaragoza, Spain.

Professor Giannetti has worked on a diverse range of topics related to corporate finance and financial intermediation. Her contributions span production networks and trade credit, intermediaries’ organisational structures and fire sales, banking and monetary policy, financial integration, entrepreneurship, and corporate governance and sustainability. She has published numerous influential papers on finance and economics, including in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Political Economy, and Management Science, and has directly influenced policy and regulations, having been cited in official statements on financial intermediary regulation, monetary policy and corporate governance by the European Central Bank, the US Federal Reserve System, the International Monetary Fund and the US Securities and Exchange Commission.

Professor Giannetti’s accomplishments have earned her international recognition and awards, including an ECGI fellowship for scientific excellence in corporate governance research, the Assar Lindbeck Medal, the NYU Stern/Imperial/Fordham Rising Star in Finance award, the Sun Yefang Financial Innovation Award, the Lamfalussy Research Fellowship, and numerous best paper awards from leading journals and academic conferences.

Professor Giannetti has served as an associate editor of several journals, including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Review of Finance and the Economic Journal, and as a director of the American Finance Association, the European Finance Association, the Financial Intermediation Research Society and the Financial Management Association. She was also an advisory board member of the Academic Female Finance Committee (AFFECT) of the American Finance Association, and is a sought-after speaker at central banks, universities, and policy and academic conferences worldwide. She has also acted as a policy and research advisor to the European Central Bank and the European Commission. She holds a PhD in economics from the University of California, Los Angeles, and earned her bachelor’s degree and MSc from Bocconi University.

He currently serves as the Chair of the Finance Department and as the Director of the Wharton Initiative on Financial Policy and Regulation. He also holds a secondary appointment as a Professor of Economics.

Professor Goldstein was the Executive Editor of the Review of Financial Studies from 2018 to 2024. He is a Research Associate at the National Bureau of Economic Research. He was the co-founder and the first president of the Finance Theory Group, and served as a director of the American Finance Association, the Financial Intermediation Research Society, and the Western Finance Association, where he currently serves as the Vice-President. Professor Goldstein has served as an academic advisor in various policy institutions, including the Federal Reserve Banks of New York, Philadelphia and Richmond, the Bank of Canada, the Bank for International Settlements and the International Monetary Fund.

Professor Goldstein is an expert in the areas of corporate finance, financial institutions and financial markets, focusing on financial fragility and crises and on the feedback effects between firms and financial markets. His research has been published in top academic journals, including the American Economic Review, the Journal of Finance, the Journal of Financial Economics, the Journal of Political Economy, the Review of Economic Studies and the Review of Financial Studies. 

She oversees the implementation of the OECD’s work on international trade, agriculture and fisheries and its contributions to relevant G20, G7 and Asia-Pacific Economic Cooperation (APEC) tracks, and other relevant international forums like the World Trade Organization (WTO) and the Food and Agriculture Organization.

Before joining the OECD, Marion Jansen was Chief Economist at the International Trade Centre in Geneva. Prior to that, she held senior research positions in the WTO and headed the Trade and Employment Programme at the International Labour Organization.

She is a member of the Board of the Centre d’études prospectives et d’informations internationales (CEPII) in Paris, the Advisory Board of the World Trade Institute in Bern, the Advisory Board of the Centre for Inclusive Trade Policy (University of Sussex), and the Advisory Board of the MSc in international business programme at SKEMA Business School in Paris. She was also a member of the World Economic Forum’s Global Future Council on Trade and Investment (2023-24).

A German national, Ms Jansen holds a PhD in international economics from Universitat Pompeu Fabra and undergraduate degrees in economics from the University of Konstanz, the University of Passau and the University of Toulouse. In addition to German, her native language, she also speaks fluent Dutch, English, French, Italian and Spanish.

Ms Jansen has published widely on international trade and global governance and has lectured in multiple academic institutions, including the University of Geneva and the World Trade Institute. 

She has worked at the Financial Times since 2011, covering economics and finance from Washington, D.C., London and Frankfurt, and holds a degree in philosophy and economics from the London School of Economics.

Her areas of interest include monetary policy, trade, financial markets and political economy.

Between 2011 and 2019 she served as Managing Director of the International Monetary Fund. Prior to that she served as French Minister of Economy and Finance from 2007-11, having been Trade Secretary from 2005-07. A lawyer by background, she practised for 20 years with international law firm Baker McKenzie, of which she became Global Chair in 1999. She was the first woman to hold each of these positions.

In 2019, 2020, 2022, 2023 and 2024 President Lagarde was ranked the second most influential woman in the world by Forbes. She has also been recognised by TIME as one of the 100 most influential people in the world. She was named Officer in the French Order of the Legion of Honor in April 2012 and Commander in the National Order of Merit in May 2021.

Before joining the ECB, he was Governor of the Central Bank of Ireland. He has also chaired the Advisory Scientific Committee and Advisory Technical Committee of the European Systemic Risk Board and was Whately Professor of Political Economy at Trinity College Dublin. He is also a research fellow at the Centre for Economic Policy Research.

A graduate of Trinity College Dublin, he was awarded a PhD in economics from Harvard University in 1995 and was Assistant Professor of Economics and International Affairs at Columbia University from 1995 to 1997, before returning to Dublin. In 2001 he was the inaugural recipient of the Germán Bernácer Prize for outstanding contributions to European monetary economics.

As Governor, he is a member of the Board of Directors of the Bank for International Settlements. In addition, he chairs the Group of Central Bank Governors and Heads of Supervision, he chairs the Financial Stability Board (FSB) Standing Committee on Assessment of Vulnerabilities, and he co-chairs the FSB Regional Consultative Group for the Americas.

Mr Macklem first joined the Bank of Canada in 1984 and held various senior positions, including Chief of Research and Advisor to the Governor. He was appointed a Deputy Governor in 2004 and Senior Deputy Governor in 2010.

During the global financial crisis, Mr Macklem was Associate Deputy Minister at the Canadian Department of Finance, and represented Canada at the G7, G20 and FSB.

From 2014 until his appointment as Governor, Mr Macklem was the Dean of the Rotman School of Management at the University of Toronto. 

From 2023 to 2025 he served as Chief Economist of the World Trade Organization.

He holds a PhD in Economics from the London School of Economics. Before joining the University of Zurich, he was a faculty member at the University of Chicago Booth School of Business and a Postdoctoral Research Associate at Princeton University. He served as Chair of the Department of Economics at the University of Zurich from 2019 to 2022 and as Co-Editor of the Journal of International Economics from 2016 to 2022. He is a Research Fellow of the Centre for Economic Policy Research. His awards and distinctions include a European Research Council Consolidator Grant.

His research focuses on international economics, with particular emphasis on trade policy and questions of policy relevance. His work has been published in leading journals, including the American Economic Review, the Journal of Political Economy, the Journal of International Economics, the Journal of Public Economics and the Annual Review of Economics.

He obtained a PhD in economics at the University of California, Berkeley, and has been Assistant Professor at Bocconi University. He is a Research Associate at the National Bureau of Economic Research, and a Research Fellow of the Centre for Economic Policy Research. He has received research grants from the MacArthur Foundation, the Russell Sage Foundation, the World Bank and the US National Science Foundation. His research is often featured in media outlets such as the Economist, the Wall Street Journal, the New York Times, The New Yorker and NPR news.

His research focuses on the economic determinants and consequences of international migrations and immigration policies. He has published around 100 articles in refereed academic journals, including the American Economic Review, The Review of Economic Studies, the Review of Economics and Statistics and the Journal of the European Economic Association, and many others. 

Previously he served as Senior Advisor to the board of De Nederlandsche Bank, a Duisenberg Research Fellow at the European Central Bank, a Houblon-Norman Fellow at the Bank of England, and as a member of the Advisory Scientific Committee of the European Systemic Risk Board. His work on banking, legal evolution, credit cycles, financial regulation and political economy has been published frequently in the American Economic Review, the Journal of Political Economy, the Journal of Financial Economics and the Review of Financial Studies. His policy analysis, based on analytical research, is posted on VoxEU blogs and presented in webinars of the Centre for Economic Policy Research. His current focus is on strengthening financial resilience through contingent tools, in the context of bank regulatory simplification and stablecoins.

He is also Scientific Adviser at CEPII, Senior Research Fellow at LISER, and Research Fellow at IZA, CESifo, Harvard CID and CEPR, where he is also the Co-director of its Research Policy Network (RPN) on Migration.

Prior to his current appointments, he held tenured positions at the University of Lille and Bar-Ilan University, as well as visiting or part-time positions at Stanford University, Harvard University and the European University Institute. Since 2008 he has been the scientific coordinator of the Migration and Development annual conferences jointly organised by the World Bank and the French Development Agency and, since 2017, of the OECD-CEPII-LISER Annual Conference Series on Immigration in OECD Countries. His research focuses on the growth and developmental impact of migration and on the economics of immigration, diversity and integration of refugees. He specialises in political economy and economic history. 

She is on leave from the University of Bonn, where she was Professor of Financial Economics. Before joining the ECB she was a member of the German Council of Economic Experts and Co-Chair of the Franco-German Council of Economic Experts. Ms Schnabel studied economics at the universities of Mannheim, Paris 1 Panthéon-Sorbonne and UC Berkeley, and received her PhD in economics from the University of Mannheim.

She is a member of the Bavarian Academy of Sciences and Humanities, of Academia Europaea and of the German Academy of Sciences Leopoldina – National Academy of Sciences. She is a Fellow of the European Economic Association and of the CESifo and CEPR research networks. Between 2015 and 2016 she was the President of the German Economic Association. She has received the Federal Order of Merit on Ribbon and the Bavarian Order of Merit. In 2022 she was awarded an honorary doctorate from Kiel University. Monika Schnitzer has been active in policy advice for more than 25 years, including as Deputy Chair of the Commission of Experts for Research and Innovation and as a member of the Economic Advisory Group on Competition Policy of DG Competition.

Her research focuses on the interaction between competition and innovation and, most recently, on the contribution that antitrust measures and regulation could make to increasing innovation. Her research has been published in the American Economic Review, American Economic Journal: Economic Policy, Rand Journal of Economics, Journal of the European Economic Association, among others.

He is widely recognised for his extensive expertise in economics, public policy and finance, having worked in academia, international institutions and government.

Before joining the Bank of Korea, he held several prominent roles at the BIS: Head of the Monetary and Economic Department from 2025 to 2026, and Head of the Research Department from 2014 to 2025, while serving as BIS Economic Adviser (2014-26).

In Korea, he served as Senior Adviser to the Korean president in 2010, while on leave from Princeton, playing a leading role in formulating financial stability policy and shaping the agenda during Korea’s G20 presidency.

He earned a BA in Philosophy, Politics and Economics, from Magdalen College, Oxford, and an MPhill and DPhill in Economics from Nuffield College, Oxford. He began his academic career as a Tutorial Fellow at University College, Oxford, before becoming Professor of Economics at the University of Southampton, University Lecturer at the University of Oxford, Professor of Finance at the London School of Economics, and Hughes-Rogers Professor of Economics at Princeton University. 

Prior to joining in 2020, he had spent 15 years on the sell-side, where his team was top-ranked by Institutional Investor in fixed income and equities for ten years. He has also worked at the OECD in the Money and Finance Division and the Structural Policy Analysis Division, as well as at the IMF in the team responsible for the World Economic Outlook and in the division covering China, Hong Kong and Mongolia.

He studied at the University of Copenhagen and Princeton University. He frequently appears in the media and has published numerous journal articles and reviews on economics and policy analysis, including in the Journal of International Economics, the Journal of International Money and Finance and The Econometric Journal.

In this role, he leads interdisciplinary research on productivity performance and policy, and plays a central role in shaping national and international debates on economic growth, innovation and competitiveness.

He received his graduate degree from the University of Groningen, where he later served as Professor and head of the Groningen Growth and Development Centre from 2000 to 2008. Between 2008 and 2020 he was Chief Economist and Head of the Economy, Strategy and Finance Center at The Conference Board in New York, and he continues to serve there as Senior Advisor. He is also an Honorary Professor at the University of Groningen, a Non Resident Fellow at RIETI in Japan, a Research Fellow at NIESR, and a member of the Research Review Group at the International Labour Organization. He has served on editorial boards, including as Managing Editor of the Review of Income and Wealth, and as Editor of the International Productivity Monitor.

His research focuses on productivity, economic growth, innovation, digital transformation and international comparative measurement. His work has been published in leading journals such as the Journal of Economic Perspectives, Brookings Papers on Economic Activity, and Economic Policy.

He previously served as Governor of Hrvatska narodna banka from 2012 to 2026, after earlier appointments there as Deputy Governor and Director of the Research Department.

He has been a member of the ECB’s Governing Council since 2023, and he has also served since 2013 on the General Council of the ECB and the General Board of the European Systemic Risk Board. Since 2016 he has chaired the Steering Committee of the Vienna Initiative. Earlier in his career, he was Deputy Chief Negotiator for Croatia’s accession talks to join the EU.

He earned a PhD in economics from the University of Zagreb, following earlier studies there and research stays at Michigan State University, the University of Kentucky, the University of Sussex and the University of Freiburg. Alongside his central banking career, he has held academic appointments at the University of Zagreb, including as Professor at the Faculty of Economics and Visiting Professor at the Faculty of Mathematics.

His work has been recognised with several major distinctions, including Central Banker of the Year (Global and Europe) by The Banker in 2019, Central Bank Governor of the Year for Central and Eastern Europe by GlobalMarkets in 2018, and the Lamfalussy Award for lifetime achievement in the field of finance in 2021.