2011 Award Winner

The 2011 Regulatory Innovation Award will be given to Eddy Wymeersch. Mr. Wymeersch was, until recently, the Chairman of the Committee of European Securities Regulators. Mr. Wymeersch was selected by an independent panel of academics, practitioners and financial journalists that comprise this year’s Selection Committee. The Selection Committee carefully considered a record number of nominations; these came from the United States and Europe and presented an array of contributions, including, for example, new approaches to executive compensation; metrics and tools to measure systemic risk; new financial instruments intended to provide “buffer” capital to financial institution issuers; etc. See our press release.

About the award recipient

Mr. Wymeersch is well known for his successful efforts toward the establishment of the first pan-European regulatory authority (ESMA). He has been an articulate and unrelenting advocate of greater international cooperation to deal with the challenges created by the financial crisis, including the creation of the Financial Stability Board by the G20. He has also served as Chairman of the Banking Finance and Insurance Commission, which is Belgium’s integrated financial regulator, and is currently Chairman of the Public Interest Oversight Board, which is in charge of overseeing the auditing standards boards. He has served as an adviser to the Belgian government, the European Commission, the World Bank and the IFC, as a member of corporate boards, and as a professor. Additional information is available at http://eddywymeersch.com.

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