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{{Short description|Italian economist (born 1959)}}
{{Use dmy dates|date=September 2020}}
{{Use dmy dates|date=September 2020}}
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{{short description|Italian economist (born 1959)}}
{{Infobox officeholder
{{Infobox officeholder
|name = Fabio Panetta
|name = Fabio Panetta
|image = Fabio Panetta.JPG
|image = Fabio Panetta 2023 (cropped).jpg
|office = Member of the [[Executive Board of the European Central Bank]]
|office = [[Governor of the Bank of Italy]]
|term_start = 1 January 2020
|term_start = 1 November 2023
|term_end =
|term_end =
|predecessor = [[Benoît Cœuré]]
|predecessor = [[Ignazio Visco]]
|successor =
|successor =
|office2 = Member of the [[Executive Board of the European Central Bank]]
⚫
|birth_date = {{birth date and age|df=y|1959|8|1}}
|term_start2 = 1 January 2020
⚫
|birth_place = [[Rome]], Italy
|term_end2 = 31 October 2023
⚫
|education = [[LUISS University]] ([[Laurea]])<br>[[London School of Economics]] ([[Master of Science|MSc]])<br>[[London Business School]] ([[Doctor of Philosophy|PhD]])
|predecessor2 = [[Benoît Cœuré]]
|successor2 = [[Piero Cipollone]]
|office3 = Director General of the [[Bank of Italy]]
|governor3 = [[Ignazio Visco]]
|term_start3 = 10 May 2019
|term_end3 = 31 December 2019
|predecessor3 = [[Salvatore Rossi]]
|successor3 = [[Daniele Franco]]
⚫
|birth_date = {{birth date and age|df=y|1959|8|1}}
⚫
|birth_place = [[Rome]], [[Italy]]
|death_date =
|death_place =
⚫
|education = [[LUISS University]] ([[Laurea]])<br>[[London School of Economics]] ([[Master of Science|MSc]])<br>[[London Business School]] ([[Doctor of Philosophy|PhD]])
}}
}}
'''Fabio Panetta''' (born 1 August 1959) is an Italian economist and central banker who has been serving as a member of the [[Executive Board of the European Central Bank]] since 2020. He previously served as Senior Deputy Governor of the [[Bank of Italy]] and concurrently as President of the [[Institute for the Supervision of Insurance]] (IVASS) from 10 May to 31 December 2019.
'''Fabio Panetta''' (born 1 August 1959) is an Italian economist who has been serving as [[Governor of the Bank of Italy]] since 2023. He previously served as a member of the [[Executive Board of the European Central Bank]] from 2020 until 2023. Prior to his ECB appointment, Panetta served as Senior Deputy Governor of the [[Bank of Italy]] and concurrently as President of the [[Institute for the Supervision of Insurance]] from May to December 2019.<ref>{{Cite news |last=Arnold |first=Martin |last2=Kazmin |first2=Amy |date=2023-06-27 |title=ECB’s Fabio Panetta to become head of Italy’s central bank |work=Financial Times |url=https://www.ft.com/content/c13567ba-82a1-44d0-a454-d253a13af096 |access-date=2023-09-26}}</ref>


== Early life and education ==
== Early life and education ==
Line 19: Line 32:


== Career ==
== Career ==
Panetta joined the [[Bank of Italy]]'s Research Department in 1985,<ref name=Bloomberg/> becoming Head of its Monetary and Financial Division in 1999. From 2007 to 2011 he headed the Economic Outlook and Monetary Policy Department. In July 2011 he became Managing Director with the task of coordinating the Bank's activities relating to the [[Eurosystem]].<ref>{{cite web
Panetta joined the [[Bank of Italy]]'s Research Department in 1985,<ref name=Bloomberg/> becoming Head of its Monetary and Financial Division in 1999. From 2007 to 2011 he headed the Economic Outlook and Monetary Policy Department. In July 2011 he became Managing Director with the task of coordinating the Bank's activities relating to the [[Eurosystem]].<ref name="ecb.europa.eu">{{cite web
| url =https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| url =https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| title =Fabio Panetta CVs on the ECB website
| title =Fabio Panetta CVs on the ECB website
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| archive-url =https://web.archive.org/web/20210723084929/https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| archive-url =https://web.archive.org/web/20210723084929/https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| url-status =live
| url-status =live
}}</ref>From 2010 to 2012 he was director in charge of the Financial Stability Report.<ref>{{cite web
}}</ref> From 2010 to 2012 he was director in charge of the Financial Stability Report.
| url =https://www.treccani.it/enciclopedia/fabio-panetta


From 8 October 2012 to 9 May 2019 Panetta served as Deputy Director-General of the Bank of Italy, and immediately after he became Senior Deputy Governor of the Bank of Italy (Presidential Decree of 3 May 2019).<ref>{{cite web
From 8 October 2012 to 9 May 2019 Panetta served as Deputy Director-General of the Bank of Italy, and immediately after he became Senior Deputy Governor of the Bank of Italy (Presidential Decree of 3 May 2019).<ref name="ecb.europa.eu"/> He has held important positions and represented the Bank of Italy in numerous European and international institutions, including the [[OECD]], the [[International Monetary Fund|IMF]], the [[Group of Ten (IMF)|G10]], the [[European Central Bank|ECB]] and the [[Bank for International Settlements|BIS]]. He is also a member of the directorate of the Bank of Italy and of the Institute for Insurance Supervision as well as a member of the board of directors of the [[Bank for International Settlements]] and substitute for the Governor on the ECB's Governing Council. He is also a member of the [[ECB Supervisory Board]], which took over [[European Banking Supervision]] on 4 November 2014.
| url =https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| title =Fabio Panetta CVs on the ECB website
| access-date =23 July 2021
| archive-date =23 July 2021
| archive-url =https://web.archive.org/web/20210723084929/https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| url-status =live
}}</ref>He has held important positions and represented the Bank of Italy in numerous European and international institutions, including the [[OECD]], the [[IMF]], the [[Group of Ten (economics)|G10]], the [[European Central Bank|ECB]] and the [[Bank for International Settlements|BIS]]. He is also a member of the directorate of the Bank of Italy and of the Institute for Insurance Supervision as well as a member of the board of directors of the [[Bank for International Settlements]] and substitute for the Governor on the ECB's Governing Council. He is also a member of the Supervisory Board of the [[Single Supervisory Mechanism]] which became fully operational on 4 November 2014.


From 1 January 2020 onward Panetta has been an Executive Board member at the [[European Central Bank]], replacing the French [[Benoît Cœuré]]. He is responsible for the directorates dealing with International and European relations, with market infrastructure, payments and banknotes.<ref>{{cite web
From 1 January 2020 onward Panetta has been an Executive Board member at the [[European Central Bank]], replacing the French [[Benoît Cœuré]]. He is responsible for the directorates dealing with International and European relations, with market infrastructure, payments and banknotes.<ref>{{cite web
Line 48: Line 53:


Panetta has a reputation among his colleagues for his staunch defense of Italian banking systems and an opponent of bail-in-rules.<ref name=Bloomberg>{{cite web|url=https://www.bloomberg.com/news/articles/2019-10-09/-fighter-panetta-awaits-role-as-ecb-s-next-italian-after-draghi|title=Fabio Panetta Awaits Role as ECB’s Next Italian After Draghi|website=Bloomberg|last1=Albanese|first1=Chiara|last2=Sirletti|first2=Sonia|last3=Speciale|first3=Alessandro|date=October 9, 2019|accessdate=August 24, 2020|archive-date=7 December 2019|archive-url=https://web.archive.org/web/20191207141731/https://www.bloomberg.com/news/articles/2019-10-09/-fighter-panetta-awaits-role-as-ecb-s-next-italian-after-draghi|url-status=live}}</ref>
Panetta has a reputation among his colleagues for his staunch defense of Italian banking systems and an opponent of bail-in-rules.<ref name=Bloomberg>{{cite web|url=https://www.bloomberg.com/news/articles/2019-10-09/-fighter-panetta-awaits-role-as-ecb-s-next-italian-after-draghi|title=Fabio Panetta Awaits Role as ECB’s Next Italian After Draghi|website=Bloomberg|last1=Albanese|first1=Chiara|last2=Sirletti|first2=Sonia|last3=Speciale|first3=Alessandro|date=October 9, 2019|accessdate=August 24, 2020|archive-date=7 December 2019|archive-url=https://web.archive.org/web/20191207141731/https://www.bloomberg.com/news/articles/2019-10-09/-fighter-panetta-awaits-role-as-ecb-s-next-italian-after-draghi|url-status=live}}</ref>

On 27 June 2023, the Italian [[Council of Ministers (Italy)|Council of Ministers]], on the proposal of Prime Minister Giorgia Meloni, appointed Panetta as new [[Governor of the Bank of Italy]], succeeding [[Ignazio Visco]] starting from 1 November 2023.<ref>{{Cite web |date=2023-06-28 |title=Chi è Fabio Panetta, il prossimo governatore della Banca d'Italia |url=https://www.ilpost.it/2023/06/28/fabio-panetta-banca-italia/ |access-date= |website=[[Il Post]] |language=it-IT}}</ref>


==Other activities==
==Other activities==
* Leibniz Institute for Financial Research (SAFE), Member of the Policy Council<ref>[https://safe-frankfurt.de/policy-center/about/policy-advisory-council.html Policy Council] {{Webarchive|url=https://web.archive.org/web/20211121171726/https://safe-frankfurt.de/policy-center/about/policy-advisory-council.html |date=21 November 2021 }} Leibniz Institute for Financial Research (SAFE).</ref>
* Leibniz Institute for Financial Research (SAFE), Member of the Policy Council<ref>[https://safe-frankfurt.de/policy-center/about/policy-advisory-council.html Policy Council] {{Webarchive|url=https://web.archive.org/web/20211121171726/https://safe-frankfurt.de/policy-center/about/policy-advisory-council.html |date=21 November 2021 }} Leibniz Institute for Financial Research (SAFE).</ref>


==Recognition==
==Recognition==
In December 2019 Panetta was awarded the honorary title of Knight Grand Cross of the [[Order of Merit of the Republic of Italy]].<ref>{{cite web
In December 2019 Panetta was awarded the honorary title of Knight Grand Cross of the [[Order of Merit of the Italian Republic]].<ref name="ecb.europa.eu"/>
| url =https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| title =Fabio Panetta CVs on the ECB website
| access-date =23 July 2021
| archive-date =23 July 2021
| archive-url =https://web.archive.org/web/20210723084929/https://www.ecb.europa.eu/ecb/orga/decisions/html/cvpanetta.en.html
| url-status =live
}}</ref>


==Personal life==
==Personal life==
Panetta is married and has three children<ref>{{cite web|url=https://www.europarl.europa.eu/doceo/document/A-9-2019-0049_EN.html|title=Proposal for a European Parliament Decision|access-date=26 June 2020|archive-date=28 June 2020|archive-url=https://web.archive.org/web/20200628235329/https://www.europarl.europa.eu/doceo/document/A-9-2019-0049_EN.html|url-status=live}}</ref>
Panetta is married and has three children.<ref>{{cite web|url=https://www.europarl.europa.eu/doceo/document/A-9-2019-0049_EN.html|title=Proposal for a European Parliament Decision|access-date=26 June 2020|archive-date=28 June 2020|archive-url=https://web.archive.org/web/20200628235329/https://www.europarl.europa.eu/doceo/document/A-9-2019-0049_EN.html|url-status=live}}</ref>


== References ==
== References ==
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{{reflist}}


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{{reflist}}
{{s-start}}
{{s-start}}
{{s-gov}}
{{s-gov}}
{{s-bef|before=[[Benoît Cœuré]]}}
{{s-bef|before=[[Benoît Cœuré]]}}
{{s-ttl|title=Member of the [[Executive Board of the European Central Bank]]|years=2020–present}}
{{s-ttl|title=Member of the [[Executive Board of the European Central Bank]]|years=2020–2023}}
{{s-aft|after=[[Piero Cipollone]]}}
|-
{{s-bef|before=[[Ignazio Visco]]}}
{{s-ttl|title=[[Governor of the Bank of Italy]]|years=2023–present}}
{{s-inc}}
{{s-inc}}
{{s-end}}
{{s-end}}


{{ECB board}}
{{G20-CBGovernors}}

{{Authority control}}
{{Authority control}}


Latest revision as of 00:26, 18 February 2024

Fabio Panetta
Governor of the Bank of Italy
Assumed office
1 November 2023
Preceded byIgnazio Visco
Member of the Executive Board of the European Central Bank
In office
1 January 2020 – 31 October 2023
Preceded byBenoît Cœuré
Succeeded byPiero Cipollone
Director General of the Bank of Italy
In office
10 May 2019 – 31 December 2019
GovernorIgnazio Visco
Preceded bySalvatore Rossi
Succeeded byDaniele Franco
Personal details
Born (1959-08-01) 1 August 1959 (age 64)
Rome, Italy
EducationLUISS University (Laurea)
London School of Economics (MSc)
London Business School (PhD)

Fabio Panetta (born 1 August 1959) is an Italian economist who has been serving as Governor of the Bank of Italy since 2023. He previously served as a member of the Executive Board of the European Central Bank from 2020 until 2023. Prior to his ECB appointment, Panetta served as Senior Deputy Governor of the Bank of Italy and concurrently as President of the Institute for the Supervision of Insurance from May to December 2019.[1]

Early life and education[edit]

The son of the former mayor of Pescosolido (Frosinone), Paolino Panetta,[2] Panetta was born in Rome in 1959. After graduating with honours in Economics from LUISS University (Rome) in 1982, he obtained an M.Sc. in Monetary Economics from the London School of Economics and a Ph.D in Economics and Finance from the London Business School.

Career[edit]

Panetta joined the Bank of Italy's Research Department in 1985,[3] becoming Head of its Monetary and Financial Division in 1999. From 2007 to 2011 he headed the Economic Outlook and Monetary Policy Department. In July 2011 he became Managing Director with the task of coordinating the Bank's activities relating to the Eurosystem.[4] From 2010 to 2012 he was director in charge of the Financial Stability Report.

From 8 October 2012 to 9 May 2019 Panetta served as Deputy Director-General of the Bank of Italy, and immediately after he became Senior Deputy Governor of the Bank of Italy (Presidential Decree of 3 May 2019).[4] He has held important positions and represented the Bank of Italy in numerous European and international institutions, including the OECD, the IMF, the G10, the ECB and the BIS. He is also a member of the directorate of the Bank of Italy and of the Institute for Insurance Supervision as well as a member of the board of directors of the Bank for International Settlements and substitute for the Governor on the ECB's Governing Council. He is also a member of the ECB Supervisory Board, which took over European Banking Supervision on 4 November 2014.

From 1 January 2020 onward Panetta has been an Executive Board member at the European Central Bank, replacing the French Benoît Cœuré. He is responsible for the directorates dealing with International and European relations, with market infrastructure, payments and banknotes.[5]

Panetta has a reputation among his colleagues for his staunch defense of Italian banking systems and an opponent of bail-in-rules.[3]

On 27 June 2023, the Italian Council of Ministers, on the proposal of Prime Minister Giorgia Meloni, appointed Panetta as new Governor of the Bank of Italy, succeeding Ignazio Visco starting from 1 November 2023.[6]

Other activities[edit]

  • Leibniz Institute for Financial Research (SAFE), Member of the Policy Council[7]

Recognition[edit]

In December 2019 Panetta was awarded the honorary title of Knight Grand Cross of the Order of Merit of the Italian Republic.[4]

Personal life[edit]

Panetta is married and has three children.[8]

References[edit]

  1. ^ Arnold, Martin; Kazmin, Amy (27 June 2023). "ECB's Fabio Panetta to become head of Italy's central bank". Financial Times. Retrieved 26 September 2023.
  2. ^ Cingolani, Stefani. "Vita, battaglie europee e carriera in Banca d'Italia di Panetta". Archived from the original on 29 June 2020. Retrieved 26 June 2020.
  3. ^ a b Albanese, Chiara; Sirletti, Sonia; Speciale, Alessandro (9 October 2019). "Fabio Panetta Awaits Role as ECB's Next Italian After Draghi". Bloomberg. Archived from the original on 7 December 2019. Retrieved 24 August 2020.
  4. ^ a b c "Fabio Panetta CVs on the ECB website". Archived from the original on 23 July 2021. Retrieved 23 July 2021.
  5. ^ "Distribution of responsibilities among the Members of the Executive Board of the ECB and the Chief Services Officer" (PDF). Archived (PDF) from the original on 28 June 2020. Retrieved 26 June 2020.
  6. ^ "Chi è Fabio Panetta, il prossimo governatore della Banca d'Italia". Il Post (in Italian). 28 June 2023.
  7. ^ Policy Council Archived 21 November 2021 at the Wayback Machine Leibniz Institute for Financial Research (SAFE).
  8. ^ "Proposal for a European Parliament Decision". Archived from the original on 28 June 2020. Retrieved 26 June 2020.
Government offices
Preceded by Member of the Executive Board of the European Central Bank
2020–2023 		Succeeded by
Preceded by Governor of the Bank of Italy
2023–present 		Incumbent
Retrieved from "https://en.wikipedia.org/w/index.php?title=Fabio_Panetta&oldid=1208557697"