{{Short description|German economist}} {{Infobox officeholder | name = Klaus Regling | image = PRESS CONFERENCE - INFORMAL MEETING OF MINISTERS FOR ECONOMIC AND FINANCIAL AFFAIRS (Informal ECOFIN) 2016-09-09 (28938643543).jpg | office = Managing Director of the European Stability Mechanism | term_start = 27 September 2012 | term_end = 7 October 2022 | predecessor = Position established | successor = Christophe Frankel (acting) | birth_date = {{birth date and age|1950|10|3|df=y}} | birth_place = Lübeck, West Germany {{small|(now Germany)}} | death_date = | death_place = | education = University of Hamburg<br>University of Regensburg | caption = Regling in 2016 }} '''Klaus P. Regling''' (born 3 October 1950) is a German economist and the former Chief Executive Officer of the European Financial Stability Facility (EFSF)<ref>{{cite web |url=http://www.efsf.europa.eu/attachments/cv_klaus_regling_en.pdf |title=KLAUS REGLING CHIEF EXECUTIVE OFFICER, EUROPEAN FINANCIAL STABILITY FACILITY |publisher=European Financial Stability Fund |accessdate=2011-02-13 |archive-date=2011-11-07 |archive-url=https://web.archive.org/web/20111107084842/http://www.efsf.europa.eu/attachments/cv_klaus_regling_en.pdf |url-status=dead }}</ref> and Managing Director of the European Stability Mechanism.<ref name=About>{{cite web|url=http://www.esm.europa.eu/about/organisation/index.htm|title=ESM Management Board|accessdate=26 January 2013|work=ESM|archive-date=1 November 2016|archive-url=https://web.archive.org/web/20161101042251/http://www.esm.europa.eu/about/organisation/index.htm|url-status=dead}}</ref> Regling was reportedly considered as a possible head of the European Central Bank to succeed Jean Claude Trichet.<ref>{{cite news |author=Ewing, Jack |author2=Castle, Stephen |title=Head of German Central Bank Is Stepping Down |url=https://www.nytimes.com/2011/02/12/business/global/12ecb.html?scp=1&sq=klaus%20regling&st=cse |newspaper=The New York Times |date=2011-02-11 |accessdate=2011-02-13}}</ref>

==Early life and education== The son of a carpenter who sat in the German Bundestag for the Social Democrats,<ref name="Meet Mr. Stability">Zeke Turner (August 21, 2015), [https://www.politico.eu/article/esm-imf-regling-klaus-regling-lagarde-draghi-greek-crisis-euro-grexit/ Meet Mr. Stability] ''Politico Europe''.</ref> Regling studied economics at the University of Hamburg, and after receiving his bachelor's degree in 1971 went on to the University of Regensburg, where he earned a master's in the subject in 1975.

==Career== In 1975 Regling began work at the International Monetary Fund (IMF) in Washington, D.C. He spent his first two years as part of the IMF's Economist Program, specifically the Research and African Department, and the following three years as an economist in the Research Department.<ref name=OECD>{{cite web|title=Klaus P. Regling |url=http://www.oecd.org/dataoecd/23/38/40685241.pdf |publisher=OECD |accessdate=2011-02-13 |url-status=dead |archiveurl=https://web.archive.org/web/20151208063138/http://www.oecd.org/dataoecd/23/38/40685241.pdf |archivedate=2015-12-08 }}</ref>

In 1980 Regling left and spent a year in the Economics Department of the Association of German Banks (BdB) before being hired as an economist by the German Ministry of Finance, where he worked in the European Monetary Affairs Division until 1985. That year he returned to the IMF and worked both in Washington as well as in Jakarta, Indonesia. In 1991 Regling left the IMF once again and returned to the German Ministry of Finance, where he was named the Chief of the International Monetary Affairs Division. In 1993 he became the Deputy Director-General for International Monetary and Financial Relations and in 1995 the Director-General for European and International Financial Relations. In this capacity, he served as Chancellor Helmut Kohl’s representative to the IMF and the Group of Seven industrialised nations.<ref name="Klaus Regling: Money meister">[https://www.politico.eu/article/money-meister/ Klaus Regling: Money meister] ''European Voice'', May 30, 2001.</ref> While at the Ministry, he also held the roles of an alternate governor to the Asian Development Bank and the Inter-American Development Bank as well as on the supervisory board of Hermes Credit Insurance.<ref name="Klaus Regling: Money meister"/> He remained with the ministry until 1998.

In 1999, Regling entered the private sector as the Managing Director of the Moore Capital Strategy Group in London,<ref name=OECD/><ref>{{cite web |title=Klaus REGLING |url=http://ec.europa.eu/civil_service/docs/directors_general/regling_en.pdf |publisher=European Commission |accessdate=2011-02-13}}</ref> where his colleagues included David Lipton and Philipp Hildebrand.<ref name="Meet Mr. Stability"/> In addition to his role at Moore Capital, he served on the Financial Sector Review Group appointed by the Managing Director of the IMF, Horst Köhler, to provide the organization with an independent perspective on how it should organize its financial sector and capital markets work.<ref>[https://www.imf.org/en/News/Articles/2015/09/29/18/03/nb0093 News Brief: IMF Announces Working Group to Review the Fund's Financial Sector Work] International Monetary Fund, press release of October 5, 2000.</ref>

Regling was appointed Director-General of the European Commission's Economic and Financial Affairs Directorate General in 2001 and remained in post till June 2008. From 2008 to March 2009 he was part of the Issing Commission, which was formed by Chancellor Angela Merkel to advise the government on financial regulatory reform. He also became chairman of the Brussels-based KR Economics consultancy.<ref>{{cite web |title=Biographies |url=http://www.bankinginquiry.gov.ie/Biographies.aspx |publisher=Commission of Investigation into the Banking Sector of Ireland |accessdate=2011-02-13 |archive-url=https://web.archive.org/web/20120310103020/http://www.bankinginquiry.gov.ie/Biographies.aspx |archive-date=2012-03-10 |url-status=dead }}</ref> On July 1, 2010 he became head of the European Financial Stability Facility.<ref>{{cite news |title=Chief bail-out officer |url=https://www.economist.com/finance-and-economics/2010/07/01/chief-bail-out-officer |newspaper=The Economist |date=2010-07-01 |access-date=2011-02-13}}</ref>

==Other activities== * European Bank for Reconstruction and Development (EBRD), Ex-Officio Alternate Member of the Board of Governors (2001-2008)<ref>[https://www.200.com/downloads/research/annual/ar05a.pdf 2005 Annual Report]{{Dead link|date=February 2020 |bot=InternetArchiveBot |fix-attempted=yes }} European Bank for Reconstruction and Development (EBRD).</ref>

==References== {{reflist|3}}

==External links== *[https://blogs.wsj.com/source/2010/07/13/klaus-regling-explains-the-eus-stability-fund/ Interview] with the ''Wall Street Journal''

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{{DEFAULTSORT:Regling, Klaus}} Category:1950 births Category:German economists Category:German officials of the United Nations Category:International Monetary Fund people Category:Living people Category:University of Hamburg alumni Category:University of Regensburg alumni