The innovation center of the Bank of international regulations and former member of the Management Board of the European Central Bank would be the first economist at the head of this independent institution.
by, and
Benoît Cooked, former member of the Management Board of the European Central Bank (ECB), is about to be appointed at the head of the Competition Authority, according to our information, which confirms those of the economic daily Les Echos . “The appointment process is not quite completed,” says a close to the discussions, but things should be formalized “by the end of the year”. Contacted by Le Monde, Mr. Cepetly does not wish to make any comments.
Since the departure of Isabelle de Silva, Emmanuel Combe, number two of the competition authority, leads the institution. “An interim can not be eternal”, ensures a government source. On October 4, Isabelle de Silva announced his departure, surprising all the observers. The one who had succeeded Bruno Lasserre, in 2016, was a candidate for a new mandate, but the Elysee, responsible for appointing the leaders of the independent authorities, did not wish to renew it, despite the support of the Minister of the Economy, Bruno the mayor.
The arrival of the former central banker is a surprise, because Mr. Cepet is a graduate of Polytechnique and the National School of Statistics and Economic Administration (ENSAE) and economist. In short, neither enarque nor lawyer nor state counselor, as he is tradition within the independent institution of the street of Scale.
One of the pillars of the European Central Bank
At 52 years old, this former treasure, near Agnès Bénassy-Quéré, Current Treasury Economist Head, Officia Like Sub-Sherpa G20 for France During the 2008 Financial Crisis. Grenoble with calm temperament, he was Especially one of the pillars of the ECB, where he entered, early 2012, as a member of the Management Board. Close to the President of the institution Mario Draghi, he helped him during the sovereign debt crisis that shook the euro area. “It was part of the closer to the Italian and was one of the artisans of quantitative easing, this unprecedented program of redemptions of public debt that contributed to restoring trust and growth in the monetary union”, summarizes a connoisseur of the institution. “It also traveled a lot to detail the ECB policy.”
Appreciated by Paris, considered as one of the most competent French economists, his name circulated a time to replace Mario Draghi, whose term ended in October 2019, Frankfurt. The French Christine Lagarde, General Director of the IMF between 2011 and 2019, ultimately prevailed.
You have 45.97% of this article to read. The rest is reserved for subscribers.