Fernando Restoy

Restoy graduated in Economics from Complutense University of Madrid in 1984, winning the premio extraordinario for his class. In 1988 he received a Master in Econometrics and Mathematical Economy with mark of distinction from the London School of Economics. He received a Ph.D. in Economics from Harvard University in 1991.

In 1991 he joined the Bank of Spain, where he served in the Research Department until 2007. In the 1990s he simultaneously taught economics at Complutense University and Charles III University of Madrid.{{cite web |url=http://www.bde.es/f/webbde/Secciones/SobreBanco/Organizacion/FERNANDORESTOYESP.pdf |title=CV Fernando Restoy |access-date=2021-03-11 |archive-date=2016-08-22 |archive-url=https://web.archive.org/web/20160822145523/http://www.bde.es/f/webbde/Secciones/SobreBanco/Organizacion/FERNANDORESTOYESP.pdf |url-status=dead }} He became head of the research Department in 2001, and coauthored publications in the following years on Spain's real estate market.{{citation |author1=Juan Ayuso |author2=Jorge Martínez |author3=Luis Antonio Maza |author4=Fernando Restoy |title=El precio de la vivienda en España |journal=Boletín Económico |date=23 September 2003 |pages=65–71 |url=https://www.bde.es/f/webbde/Secciones/Publicaciones/InformesBoletinesRevistas/BoletinEconomico/03/Fic/be0309.pdf |publisher=Servicio de Estudios, Banco de España}}{{citation|author1=Juan Ayuso |author2=Fernando Restoy|title=El precio de la vivienda en España: ¿es robusta la evidencia de sobrevaloración? |journal=Boletín Económico |date=16 June 2006 |pages=59–65 |url=http://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/BoletinEconomico/06/Jun/Fich/art4.pdf |publisher=Servicio de Estudios, Banco de España}}

In July 2007 he became a Commissioner of the Comisión Nacional del Mercado de Valores (CNMV), the Spanish securities market regulator.{{cite web |url=http://boe.es/buscar/doc.php?id=BOE-A-2007-13834 |title=Orden EHA/2175/2007, de 16 de julio, por la que se dispone el nombramiento de don Fernado Restoy Lozano como miembro del Consejo de la Comisión Nacional del Mercado de Valores |date=16 July 2007 |website=Bank of Spain}} On 1 January 2008 he also became chairman of CESR-Fin, a group of the Committee of European Securities Regulators (which in 2011 was superseded by the European Securities and Markets Authority). He became the CNMV's Vice Chairman in October 2008.{{cite web |url=http://boe.es/buscar/doc.php?id=BOE-A-2008-16024 |title=Real Decreto 1628/2008, de 3 de octubre, por el que se nombra Vicepresidente de la Comisión Nacional del Mercado de Valores a don Fernando Restoy Lozano |date=3 October 2008 |website=Bank of Spain}}

In June 2012, Restoy returned to the Bank of Spain as Vice Governor.{{cite web|title=Fernando Restoy deja la CNMV para ser subgobernador del Banco de España |url=http://www.expansion.com/agencia/efe/2012/06/09/17336890.html |website=Expansión |date=9 June 2012}} In this capacity he also became Chairman of the Fondo de Reestructuración Ordenada Bancaria (FROB) in the wake of the Spanish Memorandum of Understanding on financial assistance.{{cite web|author=John Müller |title=¿Por qué se marcha el subgobernador Restoy? |url=http://www.elespanol.com/economia/20160729/143736514_0.html|website=El Español |date=30 July 2016}} His successor at the FROB has been Jaime Ponce.{{cite web|title=Jaime Ponce asumirá la presidencia del FROB en lugar de Restoy |url=http://www.lavozdegalicia.es/noticia/economia/2015/07/04/jaime-ponce-asumira-presidencia-frob-lugar-restoy/0003_201507G4P34994.htm |website=La Voz de Galicia |date=4 July 2015}}

On 1 January 2017 he became the chairman of the Financial Stability Institute of the Bank for International Settlements (BIS) in Basel, succeeding Josef Tošovský who had been in that position since 2000.{{cite web |author=José Antonio Navas |title=Fernando Restoy abandona el Banco de España para irse al BIS |url=http://www.elconfidencial.com/economia/2016-07-29/fernando-restoy-dimite-banco-de-espana_1240283/ |website=El Confidencial |date=29 July 2016}}

• European Banking union

{{Reflist}}

• [https://web.archive.org/web/20160822145523/http://www.bde.es/f/webbde/Secciones/SobreBanco/Organizacion/FERNANDORESTOYESP.pdf CV] on the Bank of Spain's website
• [https://www.bis.org/author/fernando_restoy.htm Speeches by Fernando Restoy] on the BIS website

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Category:Living people

Category:1961 births

Category:Spanish economists

Category:Complutense University of Madrid alumni

Category:Alumni of the London School of Economics

Category:Harvard University alumni

Category:Academic staff of the Complutense University of Madrid