Alexandre Lamfalussy

Alexandre Lamfalussy

Alexandre Lamfalussy

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Baron Alexandre Lamfalussy (born 1929), is a European economist and central banker.

Born in Hungary, Lamfalussy studied at the Catholic University of Leuven and Nuffield College, Oxford, where he received his doctorate in economics. He later taught at the Université catholique de Louvain and Yale.

From 1976 he was an economic adviser to the Bank for International Settlements in Basel and held the post of assistant general manager from 1981 to 1985. He was then general director of the bank, where he remained until 1993.

From 1994 to 1997 he was founding president of the European Monetary Institute in Frankfurt, forerunner to the European Central Bank.

From 2000 to 2001 he chaired the Committee of Wise Men on the Regulation of European Securities Markets, whose proposals were adopted by the Council of the European Union in March 2001. As chair of the committee, he oversaw the creation of the Lamfalussy process, an approach to the development of financial service industry regulation used most famously in MiFID - the Markets in Financial Instruments Directive.

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