Ádám Farkas
Ádám Farkas [ ˈaːdaːm ˈfɒrkɒʃ ] (born March 7, 1968 in Budapest ) is a Hungarian economist. From 2011 to the beginning of 2020 he was Executive Director of the European Banking Authority and then moved to the financial industry as a lobbyist.
Life
Farkas was born in 1968. He studied economics and received a PhD in finance from Corvinus University in Budapest . In 1991 he began his career as an assistant professor at the University of Budapest in the department of economics, during which time he also worked as a consultant to various financial institutions in London and Budapest. From 1997 to 2001 he was Managing Director at the Hungarian National Bank . From 2002 to 2005 he was Co-CEO of CIB Bank Ltd., a subsidiary of the Italian bank Intesa Sanpaolo . After that he was entrusted by Allianz with the establishment of a commercial bank in Hungary.
Until 2009 he was a member of the supervisory board and chairman of the audit committee at Magyar Telekom , a subsidiary of Deutsche Telekom .
In 2011 he finally became Executive Director of the European Banking Authority (EBA).
According to Farkas, the capital situation of European banks eased significantly over the course of 2012 and the banks were able to increase their hard core capital by a total of € 200 billion by February 2013.
In autumn 2019, the Association for Financial Markets in Europe announced Farka's move to February 2020. In response, the EU Ombudsman, Emily O'Reilly, attested the EBA to “maladministration”. Among other things, the authority had failed to introduce a temporary ban on top managers.
Individual evidence
- ↑ Short biography at the European Banking Authority
- ↑ "EU Ombudsman criticizes change from banking supervision to financial lobby" wiwo.de from May 11, 2020
| personal data | |
|---|---|
| SURNAME | Farkas, Ádám |
| BRIEF DESCRIPTION | Hungarian economist |
| DATE OF BIRTH | March 7, 1968 |
| PLACE OF BIRTH | Budapest |