Committee on Financial Markets (CMF) Mr. Aerdt Houben
1.
What is the mission and mandate of your Committee?
The Mandate of the Committee on Financial Markets (CMF), adopted in 2015, states: "The overarching objective of the Committee is to promote efficient, open, stable and sound financial systems, based on high levels of transparency, confidence, and integrity, so as to contribute to sustainable and inclusive growth." The mid-level objectives of the Committee are to: a) contribute to better policy approaches for the financial sector, by fostering the contribution of financial institutions and capital markets to the financing and risk management of businesses, individuals and governments, and therewith to sustainable economic growth; b) enhance the long-term efficiency, resilience, transparency and sustainability of financial systems, including through the promotion and collection of internationally comparable financial statistics ; c) promote efficient and transparent public debt markets; d) promote effective financial education and consumer protection and the ability of individuals and businesses to access and use financial services and address risks. This year, The Committee of Financial Markets and its sub-bodies, the Working Party on Debt Management, the Taskforce on Long-Term Investment and the Task Force on Financial Consumer Protection will seek to renew their mandate with the ambition to further strengthen their relevance and policy impact. In this respect, the Committee has actively engaged with stakeholders to develop in-depth analytical work and policy considerations related to global financial markets, sustainable finance, and digitalisation of finance. The committee has sought to integrate this work with subbody initiatives on public debt management and also quality infrastructure. 2. You have been designated Committee Chair. What is your background and what has convinced you to take up this post? How do you consider your background and experience contribute to such a role and function? I am Director of Financial Markets at De Nederlandsche Bank, CMF chair and member of the Committee on the Global Financial System and the Markets Committee at the BIS. I was previously a member of the Basel Committee on Banking Supervision, the Financial Stability Committee of the ECB and the International Organisation of Pension Supervisors and have participated in numerous other policy committees within the FSB, ECB and the ESRB. I am a Professor of "Financial Policies, Institutions and Markets" at the University of Amsterdam. I am happy to bring my expertise in financial markets and my long-standing relation with global fora to the service of OECD Members and Partners in order to advance insights and policy agenda’s on challenges facing the financial sector. My experiences as a central banker, regulator and policy advisor help me engage with
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