Morgan Despres joins LSE and CETEx as Visiting Professor in Practice
Morgan Despres joins London School of Economics and Political Science (LSE) Centre for Economic Transition Expertise (CETEx) as a Senior Advisor and Visiting Professor in Practice. He will contribute his insights on central banking expertise as well as macro and micro prudential regulations. He will also support the CETEx team in terms of policy strategy and contribute to research initiatives.
Morgan Despres is an economist and central banking expert known for his work on integrating climate risk into macroprudential financial stability framework.
From end 2017 to 2021, Morgan Despres served as the founding head of the Central Banks and Supervisors Network for Greening the Financial System (NGFS) steering the global development of the network and overseeing the publication of the first landmark NGFS reports (notably in April 2019: the NGFS “ call to action” report) as well the NGFS work on scenario analysis. He also co-authored during his tenure the BIS/Banque de France book “The Green Swan: Central Banking and Financial Stability in the Age of Climate Change.”
He served 18 years in the French central banks in particular as Deputy-Head of the Financial Stability Department where he co-headed the secretariat of the French national macroprudential authority (HCSF) between 2019-2021 as well as the European Systemic Risk Board Expert group on climate risk. He took part in a variety of FSB, ESRB or BCBS working groups and committee on banking resolution, evaluation of regulatory reforms or regulatory capital.
He is now Executive Director at the European Climate Foundation based in Berlin, leading some international initiatives such as the Green Guarantee Group as head of secretariat. He is also a member of the IFRS Board of Trustees.
His research interest includes macroprudential policy, financial disclosure, financial regulation, climate finance and the transition/transformation of the European economy.
Rob Patalano, Executive Director and Professor in Practice stated: ‘I am delighted to have Morgan Despres join CETEx as a Senior Advisor and Visiting Professor in Practice. Morgan brings deep policy expertise from his leadership to launch and grow the NGFS, and his extensive international engagements on climate issues. CETEx will benefit enormously from his advice and research on how central banks can address climate challenges through micro and macro prudential frameworks and tools.’
Morgan Despres stated: “I am very privileged to join the LSE Center for Economic Transition Expertise as a Visiting Professor of Practice and Senior Advisor. The transition to a net zero economy is a complex collective action problem which requires a proper coordination between financial, monetary and fiscal policies as well some specific analytical tools. CETEx, bringing together seasoned policy makers and academic excellence is uniquely placed to support this effort”.