- Born on 23 July 1940 in Belluno, died on 18 December 2010 in Rome

- Graduated from Bocconi University, Milan (1966)

- Official at the Bank of Italy (from 1968)

- Master’s degree from Massachusetts Institute of Technology (MIT) (1970)

- Director-General for Economic and Financial Affairs at the European Commission (1979– 1983)

- Deputy Director General at the Bank of Italy (1984–1997)

- Co-rapporteur for the Delors Committee (1988–1989)

- Chairman of the Basel Committee on Banking Supervision (1993–1997)

- Chairman of the Italian Securities and Exchange Commission (Consob), the Italian financial market regulator (1997–1998)

- Member of the first Executive Board of the European Central Bank (1998–2005)

- Chairman of the G10’s Committee on Payment and Settlement Systems (composed of representatives of the central banks of the G10 countries) (2000–2005)

- President of the ‘Notre Europe’ think tank (2005–2010)

- Minister for Economic Affairs and Finance in the Romano Prodi Government (2006–2008)

- Chairman of the Ministerial Committee of the International Monetary Fund (2007–2008)

- Chairman of Promontory Europe (a financial services consulting firm) (2009–2010)

- Adviser to Greek Prime Minister George Papandreou (2010)

- Chairman of the International Financial Reporting Standards Foundation (IFRS) (2010)

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