Fernando Restoy

Fernando Restoy Lozano (born 1961 in Madrid) is a Spanish economist who has been the Chairman of the Financial Stability Institute of the Bank for International Settlements since early 2017. In his previous position he was Vice Governor of the Bank of Spain from 2012 to 2017, and in parallel Chairman of Fondo de Reestructuración Ordenada Bancaria from 2012 to 2015.

In this Spanish name, the first or paternal surname is Restoy and the second or maternal family name is Lozano.
Fernando Restoy
Restoy in 2017
Chairman of the Financial Stability Institute
Assumed office
1 January 2017
Preceded byJosef Tošovský
Vice Governor of the Bank of Spain
In office
18 June 2012 – 31 December 2016
PresidentLuis María Linde
Preceded byJavier Aríztegui[1]
Succeeded byJavier Alonso Ruiz-Ojeda
Vice Chairman of Comisión Nacional del Mercado de Valores
In office
6 October 2008 – 18 June 2012
PresidentJulio Segura Sánchez
Preceded byCarlos Arenillas
Succeeded byLourdes Centeno
Personal details
Born (1961-09-04) September 4, 1961
Madrid, Spain
EducationComplutense University of Madrid, London School of Economics, Harvard University

Education

Restoy graduated in Economics from Complutense University of Madrid in 1984, winning the premio extraordinario for his class. In 1988 he received a Master in Econometrics and Mathematical Economy with mark of distinction from the London School of Economics. He received a Ph.D. in Economics from Harvard University in 1991.

Career

In 1991 he joined the Bank of Spain, where he served in the Research Department until 2007. In the 1990s he simultaneously taught economics at Complutense University and Charles III University of Madrid.[2] He became head of the research Department in 2001, and coauthored publications in the following years on Spain's real estate market.[3][4]

In July 2007 he became a Commissioner of the Comisión Nacional del Mercado de Valores (CNMV), the Spanish securities market regulator.[5] On 1 January 2008 he also became chairman of CESR-Fin, a group of the Committee of European Securities Regulators (which in 2011 was superseded by the European Securities and Markets Authority). He became the CNMV's Vice Chairman in October 2008.[6]

In June 2012, Restoy returned to the Bank of Spain as Vice Governor.[7] In this capacity he also became Chairman of the Fondo de Reestructuración Ordenada Bancaria (FROB) in the wake of the Spanish Memorandum of Understanding on financial assistance.[8] His successor at the FROB has been Jaime Ponce.[9]

On 1 January 2017 he became the chairman of the Financial Stability Institute of the Bank for International Settlements (BIS) in Basel, succeeding Josef Tošovský who had been in that position since 2000.[10]

See also

Notes
  1. "Javier Aríztegui notifica su renuncia y Fernando Restoy es propuesto como nuevo subgobernador del Banco de España" (PDF). Bank of Spain. 11 June 2016.
  2. "CV Fernando Restoy" (PDF).
  3. Juan Ayuso; Jorge Martínez; Luis Antonio Maza; Fernando Restoy (23 September 2003), "El precio de la vivienda en España" (PDF), Boletín Económico, Servicio de Estudios, Banco de España: 65–71
  4. Juan Ayuso; Fernando Restoy (16 June 2006), "El precio de la vivienda en España: ¿es robusta la evidencia de sobrevaloración?" (PDF), Boletín Económico, Servicio de Estudios, Banco de España: 59–65
  5. "Orden EHA/2175/2007, de 16 de julio, por la que se dispone el nombramiento de don Fernado Restoy Lozano como miembro del Consejo de la Comisión Nacional del Mercado de Valores". Bank of Spain. 16 July 2007.
  6. "Real Decreto 1628/2008, de 3 de octubre, por el que se nombra Vicepresidente de la Comisión Nacional del Mercado de Valores a don Fernando Restoy Lozano". Bank of Spain. 3 October 2008.
  7. "Fernando Restoy deja la CNMV para ser subgobernador del Banco de España". Expansión. 9 June 2012.
  8. John Müller (30 July 2016). "¿Por qué se marcha el subgobernador Restoy?". El Español.
  9. "Jaime Ponce asumirá la presidencia del FROB en lugar de Restoy". La Voz de Galicia. 4 July 2015.
  10. José Antonio Navas (29 July 2016). "Fernando Restoy abandona el Banco de España para irse al BIS". El Confidencial.
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