Ex officio members

Bruno Le Maire has been Minister of Economy and Finance since May 2017.

A former student of the École normale supérieure (ENS ULM) and of the École nationale d' administration (ENA), Bruno Le Maire was successively Secretary of State for European Affairs (2008-2009) and Minister of Agriculture, Food, Fisheries, Rural Affairs and Spatial Planning (2009 - 2012).

François Villeroy de Galhau is Governor of the Banque de France since November 1rst, 2015.

He is also Chairman of the Autorité de contrôle prudentiel et de resolution (ACPR - French Prudential Supervisory and Resolution Authority), of the Observatoire de la sécurité des cartes de paiement (OSCP - The Banking Card Observatory), and of the supervisory boards of the Institut d’émission des départements d’Outre-Mer (IEDOM) and of the Institut d'émission d'Outre-Mer (IEOM). He is a member of the Governing Council of the European Central Bank (ECB), member of the board of directors of the Bank for International Settlement (BIS) and alternate Governor at the International Monetary Fund.

The Governor of the Banque de France is in charge of the financial and monetary stability of the French economy. He also acts in order to ensure the smooth functioning of the payment system and the price stability.

François Villeroy de Galhau is an ENA graduate and a former Inspector of Finance.  He was head of the General Tax Directorate (2000-2003), then became the Chief Executive Officer of Cetelem (2003-2008). He headed the retail banking activities of BNP Paribas in France (2008-2011) before serving as Chief Operating Officer of the BNP Paribas group, in charge of domestic markets and of corporate social responsibility (2011-2015). In 2015, French government entrusted him with an assignment on corporate investment financing.

Jean-Paul Faugère has been vice-Chairman of the ACPR since August 2020.

The ACPR looks after the financial stability in the bank and insurance sectors and protects the customers of banks and insurers. It designs and implements policies to prevent and resolve banking crises, in order to minimise the need for public financial support. In order to reach its goals, the ACPR has the authority to supervise financial institutions and to apply sanctions.

The vice-Chairman works closely with the other competent foreign authorities, in particular those of the European Economic Area, to ensure financial stability and the convergence of national prudential policies. He assists the ECB in fulfilling its mission of prudential supervision.

Jean-Paul Faugère graduated from Ecole Polytechnique, Sciences Po, as well as ENA. He first worked as an insurance supervisor (1980-1981) and then held supervisory, advisory and managerial positions at the Conseil d’État (1983-1990), at the Commissariat à l’énergie atomique (1990-1994) and was an adviser to various ministers. He was Prefect between 1997 and 2007, in the départements of Loir-et-Cher, Vendée and Bas-Rhin, and in the région Alsace. After serving as Chief of Staff to the Prime Minister from 2007 to 2012, he joined CNP Assurances as Chairman of the Board of Directors.

Marie-Anne Barbat-Layani has been Chairman of the AMF since 26 October 2022. She was appointed by the President of the French Republic.

The Chairwoman of the AMF regulates participants and products in the French financial markets. She is tasked with safeguarding investments in financial products, ensuring that investors receive material information, and maintaining orderly financial markets. To reach these goals, she is able to regulate, monitor, and, where necessary, conduct investigations and issue sanctions. She can also offer a mediation in case of a conflict between different entities.

The Chairwoman of the AMF is also a member of the Haut Conseil du Commissariat aux Comptes (H3C-French Superior Council of Statutory Auditors), the Colleges of the Autorité des Normes Comptables (ANC - French Accounting Standards Authority) and of the ACPR.

Marie-Anne Barbat-Layani graduated from ENA (Ecole Nationale d'Administration) and is a general inspector of Finance. She held several positions at the French Treasury and was director general of French Banking Federation. From 2019 to 2022 she was secretary general of the Ministry of the Economy, Finance and Industrial and Digital Sovereignty.

Robert Ophèle has been Chairman of the AMF since 6 February 2023. He was appointed by the President of the French Republic.

The Chairman’s of the ANC mission is to simplify and update accounting standards for French firms, while also putting forward reforms aiming at improving the efficiency of the international accounting standards. He also coordinates all theoretical and methodological work carried out in this field.

The Chairman of the ANC is also a member of the Colleges of the ACPR, the AMF, and the Conseil de Normalisation des Comptes Publics (CNOCP-French Public Sector Accounting Standards Board).

Graduate of ESSEC, Robert Ophèle joined the Banque de France in 1981, where he spent most of his professional career in banking supervision, the design and implementation of monetary policy and central bank financial management. He was seconded to the FED, Director of Budget and Management Control, Assistant to the Director General for International Studies and Relations, then Director General for Operations before holding the post of Second Deputy Governor of the Banque de France from January 2012 to July 2017, where he was a member of the Supervisory Board of the ECB.

Qualified members

Raphaëlle Bellando was appointed by the Chairman of the French Senate in June 2014. Her mandate has been renewed in 2019.

Raphaëlle Bellando is a professor of Economics at the University of Orléans, and has been the director of the Laboratoire d’économie d’Orléans (a joint research center of the University and the CNRS) since 2012. Previously, she led the Finance and Macroeconomics’ research team of this laboratory from 2007 to 2012.

She has been an elected member of the Conseil national des université since 2011, and coordinated, with Jean-Bernard Chatelain (University Paris-I), the European Research Group on Money Banking and Finance between 2007 and 2014. She has also been the rapporteur of the working group on the 'accessibility of financial and banking data' of the Financial System and Financing of the Commission for the National Council on Statistical Information since May 2014.

Her research interests focus on investment funds strategies and more generally on financial and banking risks.

Raphaëlle Bellando graduated from Paris-Dauphine University and completed her doctorate of Economics at the University of Orléans in 1991.

Hélène Rey was appointed by the Minister of Finance and Public Accounts in June 2014. Her mandate has been renewed in 2019.

Hélène Rey is Professor of Economics at London Business School (2007), after teaching as Professor of Economics and International Affairs in the Economics Department and the Woodrow Wilson School (Princeton University). She has also been a member of the Commission Économique de la Nation (French National Economic Commission) since 2012.

Her research focuses on the determinants and consequences of external trade and financial imbalances, the theory of financial crises and the organization of the international monetary system.

Hélène Rey is laureate of the Alfred P. Sloan Research Fellowship (2005) and the Bernacer Prize (best European economist under 40 working on macroeconomy and finance matters - 2006). She has also received the inaugural Birgit Grodal Award (best European female economist under 45 - 2012) and, with Thomas Piketty, the Yrjö Jahnsson Award (best European economist under 45 - 2013).

Hélène Rey graduated from ENSAE (National statistics and economics engineering school, Paris) and earned a degree in Engineering Economic Systems from Stanford University. She completed her doctorate at the London School of Economics and the Ecole des hautes études en sciences sociales (EHESS - School of Advanced Studies in the Social Sciences, Paris) in 1998.

Marianne Verdier a été nommée au Haut Conseil de stabilité financière en octobre 2020 par le président de l’Assemblée nationale.

Marianne Verdier est Professeur de sciences économiques à l’université Paris 2 Panthéon Assas. Elle est membre du Centre de Recherches en Économie et Droit (CRED), Directrice du Master Finance de l’université Paris 2 et co-fondatrice de la chaire de Recherche « Finance Digitale », en partenariat avec Telecom ParisTech.

Ses recherches récentes portent sur la transformation numérique des intermédiaires financiers, et plus généralement sur l’articulation entre réglementation et concurrence dans le secteur financier. Dans le Master Finance, elle enseigne la réglementation bancaire et financière, la microéconomie bancaire et financière et l’économie de la blockchain.

Marianne Verdier est diplômée d’HEC, de l’ENSAE, titulaire du DEA Analyse et Politique Economique (EHESS) et d’un doctorat en sciences économiques de Telecom ParisTech terminé en 2008.

Déclaration des intérêts, mandats et fonctions