The recipient of Lamfalussy Award 2017 is Jacques de Larosiere, whose career intersected with Alexandre Lamfalussy’s career in many instances. 

Jacques de Larosiere was the Managing Director of the International Monetary Fund (IMF) between 1978 and 1987. During his leadership the IMF played a key role in finding solutions to the Mexican crisis and thus preventing wider international contagion. Between 1987 and 1993, he served as the Governor of the Banque de France, which was followed by his presidency at the European Bank for Reconstruction and Development (EBRD) between 1993 and 1998. During his presidency, the EBRD vastly expanded its financing in the CEE region. In 1992, he became a member of the financial advisory body, the Group of Thirty (G30). In the wake of the financial crisis of 2007-2008, he became the chairman of the high level committee on the reform of the European financial supervisory architecture. Many of their recommendations – today known as the de Larosiere report – have already been implemented, including the establishment of the Single Supervisory Mechanism (SSM) and the European Systemic Risk Board (ESRB).