Scholars

Nicolas Véron

Senior Fellow

Nicolas Véron

Expertise: Capital markets, financial services, and foreign investment. CV: Download CV Twitter: @nicolas_veron

Nicolas Véron is a senior fellow at Bruegel, and a visiting fellow at the Peterson Institute for International Economics in Washington DC. His research is mostly about financial systems and financial reform around the world, including global financial regulatory initiatives and current developments in the European Union. He was a cofounder of Bruegel starting in 2002, initially focusing on Bruegel’s design, operational start-up and development, then on policy research since 2006-07. He joined the Peterson Institute in 2009 and divides his time between the US and Europe.

Véron has authored or co-authored numerous policy papers issues that include banking supervision and crisis management, financial reporting, the Eurozone policy framework, and economic nationalism. He has testified repeatedly in front of committees of the European Parliament and US Congress. His publications also include Smoke & Mirrors, Inc.: Accounting for Capitalism, a book on accounting standards and practices (Cornell University Press, 2006), and several books in French.

His prior experience includes working for Saint-Gobain in Berlin and Rothschilds in Paris in the early 1990s; economic aide to the Prefect in Lille (1995-97); corporate adviser to France’s Labour Minister (1997-2000); and chief financial officer of MultiMania / Lycos France, a publicly-listed online media company (2000-2002). From 2002 to 2009 he also operated an independent Paris-based financial consultancy.

Véron is a board member of the derivatives arm (Global Trade Repository) of the Depositary Trust and Clearing Corporation (DTCC), a financial infrastructure company that operates globally on a not-for-profit basis. He is also a member of the Scientific Council of AMF, France’s securities regulator, and of the Corporate Disclosure Policy Council of the CFA Institute. A French citizen born in 1971, he has a quantitative background as a graduate from Ecole Polytechnique (1992) and Ecole Nationale Supérieure des Mines de Paris (1995). He speaks fluent English, French, German and Spanish.

In September 2012, Bloomberg Markets included Véron in its second annual 50 Most Influential list with reference to his early advocacy of European banking union.

  Declaration of interests 2012

  Declaration of interests 2013

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Upcoming Event

8 
Sep
2015
09:00

Bruegel's Annual Conference

Bruegel's Annual Conference is a closed-door event with three panel discussions on banks and capital markets, growth perspectives, and monetary policy and central banking.

Speakers: Wassim Chourbaji, Benoît Coeuré, Zsolt Darvas, Anna Ekström, Luc Frieden, Otmar Issing, Joanne Kellermann, Rachel Lomax, Mario Monti, Alvaro Nadal, Jean Pisani-Ferry, Dirk Schoenmaker, Paul Sheard, Nicolas Véron and Guntram B. Wolff
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Essay / Lecture

Europe’s radical banking union

Europe’s radical banking union

Bruegel scholar Nicolas Véron argues in this thought-provoking essay that banking union ultimately enabled the European Central Bank’s announcement that it would buy large quantities of government bonds if needed and on the condition of a financial support programme.

By: Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: May 5, 2015
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Policy Contribution

Capital Markets Union: a vision for the long term

Capital Markets Union: a vision for the long term

This Policy Contribution presents facts about EU capital markets, issues that should be taken into account in the development of CMU policy, corresponding policy options over the medium to long term and suggestions for policy implementation and sequencing.

By: Nicolas Véron and Guntram B. Wolff Topic: Finance & Financial Regulation Date: April 23, 2015
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Blog Post

Nicolas Véron

The many births of Bruegel

Ten years ago, on 20 April 2005, Bruegel’s fledgling team moved into what would become its permanent address, on the third floor of 33 rue de la charité / liefdadigheidstraat 33 in Brussels. 

By: Nicolas Véron Topic: European Macroeconomics & Governance Date: April 22, 2015
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Blog Post

Nicolas Véron

The European Union is the global laggard on Basel III

On Friday, December 5, the Basel Committee on Banking Supervision published its reports on the compliance of rules adopted last year in the European Union and in the United States with its global accord on banking regulation, adopted in 2010 and known as Basel III.

By: Nicolas Véron Topic: Finance & Financial Regulation Date: December 11, 2014
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Blog Post

Nicolas Véron

Chart of the week: Political groups in the European Parliament since 1979

The results of the European Parliament election of May 22-25 have been described as “a shock, an earthquake”. The long-term trends, however, indicate a different perspective.

By: Nicolas Véron Topic: European Macroeconomics & Governance Date: November 24, 2014
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Policy Contribution

Defining Europe's Capital Markets Union

Defining Europe's Capital Markets Union

The new European Commission has signalled that it will work to create a ‘capital markets union’. This is understood as an agenda to expand the non-bank part of Europe’sfinancial system, which is currently underdeveloped. The aim in the short term is to unlock credit provision as banks are deleveraging, and in the longer term, to favour a more diverse, competitive and resilient financial system.

By: Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 13, 2014
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Nicolas Véron

The ECB’s bank review: Kill the Zombies and heal the wounded

The European Central Bank’s comprehensive assessment of euro area banks has had an encouraging start. But complacency could still lead to another failed attempt to fix Europe’s banks, with severe consequences.

By: Ajai Chopra and Nicolas Véron Topic: European Macroeconomics & Governance Date: October 27, 2014
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Nicolas Véron

Europe’s Banking Union starts on an encouraging note

Sunday, October 26 was D-Day for Europe’s banks: at noon in Frankfurt, the European Central Bank (ECB) announced the results of its “comprehensive assessment” of the euro area’s 130 largest banks, including an Asset Quality Review (AQR) and stress tests.

By: Nicolas Véron Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: October 27, 2014
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Blog Post

Nicolas Véron

Flash Cards for European Commissioner-designate Jonathan Hill

To enable Mr Hill’s overworked staff to enjoy a rare sunny weekend in Brussels, ready-made answers to next week's remedial hearing are suggested here. With due regard to the European Commission’s ever-stretched finances and to avoid any possible perception of conflict of interest, they are provided free of charge.

By: Nicolas Véron Topic: Finance & Financial Regulation Date: October 3, 2014
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Parliamentary Testimony

Banking union in nine questionsEuropean ParliamentItalian Parliament

Banking union in nine questions

Prepared for the Interparliamentary conference organized by the Italian Presidency of the European Council in Rome.

By: Nicolas Véron Topic: European Parliament, Finance & Financial Regulation, Italian Parliament Date: September 30, 2014
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Policy Contribution

The G20 financial reform agenda

The G20 financial reform agenda

Five years ago, the declarations of the G20 in landmark leaders’ summits in London and Pittsburgh listed specific commitments on financial regulatory reform. When measured against these declarations, as opposed to the surrounding rhetorical hype, most (though not all) commitments have been met to a substantial degree.

By: Nicolas Véron Topic: Global Economics & Governance Date: September 25, 2014
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