{{Use dmy dates|date=September 2018}} {{Infobox officeholder | name = Stefan Ingves | image = Stefan Ingves, Riksbankschef.jpg | office = Governor of Sveriges Riksbank | term_start = 1 January 2006<ref name=ingves /> | term_end = 1 January 2023 | predecessor = Lars Heikensten<ref name=ne-heikensten /> | deputy = Cecilia Skingsley | birth_name = Stefan Nils Magnus Ingves | birth_date = 23 May 1953 | birth_place = Turku, {{flag|Finland}} | occupation = Banker and civil servant. | profession = Economist.<ref name=ne-ingves /> | alma_mater = Stockholm School of Economics<ref name=ne-ingves /> | successor = Erik Thedéen }} '''Stefan Nils Magnus Ingves''' (born 23 May 1953) is a Finnish-born Swedish<ref>{{Cite web |title=Stefan Ingves awarded a Finnish order |url=https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2022/stefan-ingves-awarded-a-finnish-order/ |access-date=2022-06-17 |website=www.riksbank.se |language=en-GB}}</ref> banker, economist and civil servant who served as the Governor of Sveriges Riksbank, the central bank of Sweden, from 2006 to 2022. He serves as the vice-chairman of the Bank for International Settlements (BIS) since November 2021.<ref>{{Cite web|date=2021-11-08|title=BIS Board of Directors announces leadership appointments|url=https://www.bis.org/press/p211108a.htm|language=en}}</ref> In June 2022, Ingves announced that he will resign as Governor of Sveriges Riksbank on 31 December 2022. He was succeeded in the role by the former director of the Swedish Financial Supervisory Authority, Erik Thedéen.<ref>{{Cite news |last=Johnson |first=Simon |last2=Jacobsen |first2=Stine |date=2022-06-17 |title=Swedish central bank picks FSA's Thedeen as new head as Ingves era ends |language=en |work=Reuters |url=https://www.reuters.com/markets/rates-bonds/swedens-central-bank-picks-erik-thedeen-new-governor-2022-06-17/ |access-date=2022-06-17}}</ref>
==Early life== Ingves has a Finland Swedish background and grew up in the village of Närpes in western Finland.<ref name=ne-ingves />
In 1984, he earned a Ph.D. in Economics at the Stockholm School of Economics and his thesis is called "aspects of trade credits", about credit models between companies.<ref>Riksbank, [http://www.riksbank.se/upload/Dokument_riksbank/Kat_publicerat/Direktionen/2011/Stefan%20Ingves%20CV_eng.pdf Ingves CV]</ref>
==Career== Ingves was named Governor of Sveriges Riksbank in 2006.<ref name=ne-ingves /> In response to the 2008-2011 Icelandic financial crisis, Ingves argued that "in times of uncertainty and turmoil, the central banks have a responsibility to cooperate."<ref>Landler, Mark. [https://www.nytimes.com/2008/05/17/business/worldbusiness/17iceland.html?scp=1&sq=stefan%20ingves&st=cse "3 Nordic Banks Help Iceland Prop Up Currency,"] ''New York Times.'' 17 May 2008; retrieved 17 August 2011</ref> Ingves confronted the "task of safeguarding macroeconomic and financial stability" in 2008;<ref>[https://www.nytimes.com/2008/05/16/business/worldbusiness/16iht-16iceland.12952388.html?scp=3&sq=stefan%20ingves&st=cse "Nordic central banks act to support Icelandic currency,"] ''New York Times.'' 16 May 2008; retrieved 17 August 2011</ref> and in 2009, he presided over a decline to the lowest official Swedish interest rate since records began in 1907.<ref>[https://www.nytimes.com/2009/02/11/business/worldbusiness/11iht-11rates.20111879.html?scp=2&sq=stefan%20ingves&st=cse "Swedish central bank cuts rates to record 1 percent,"] ''New York Times.'' 1 November 2009; retrieved 17 August 2011</ref>
From 2011 until 2019, Ingves served as the Chairman of the Basel Committee on Banking Supervision.<ref>[http://www.bis.org/about/factbcbs.htm Fact sheet - Basel Committee on Banking Supervision] at the Bank for International Settlements website</ref><ref>Caroline Binham (March 7, 2019), [https://www.ft.com/content/c18becce-40df-11e9-b896-fe36ec32aece Bank of Spain governor appointed head of Basel Committee for banks] ''Financial Times''.</ref>
==Other activities== * Bank for International Settlements (BIS), Ex-Officio Member of the Board of Directors<ref>[https://www.bis.org/about/board.htm?m=1%7C2%7C2 Board of Directors] Bank for International Settlements (BIS).</ref> * Financial Stability Board (FSB), Ex-Officio Member of the Standing Committee on Supervisory and Regulatory Cooperation * International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors<ref>[http://www.imf.org/external/np/sec/memdir/members.aspx Board of Governors] International Monetary Fund (IMF).</ref>
==Selected works== In a statistical overview derived from writings by and about Stefan Ingves, OCLC/WorldCat encompasses roughly 40+ works in 50+ publications in 3 languages and 150+ library holdings .<ref>[http://www.oclc.org/research/activities/identities/default.htm WorldCat Identities]: [http://www.worldcat.org/identities/lccn-n83-32830 Ingves, Stefan 1953- ]</ref> {{dynamic list}} * ''Den oreglerade kreditmarknaden : en expertrapport från 1980 års kreditpolitiska utredning'' (1981) * ''Aspects of Trade Credit'' (1984) * ''The Nordic Banking Crisis from an International Perspective'' (2002) * ''Issues in the Establishment of Asset Management Companies'' (2004) * ''Lessons Learned from Previous Banking Crises: Sweden, Japan, Spain, and Mexico'' (2009) * ''Central Bank Management'' (2009)
==Notes== <references group="N"/>
==References== {{Reflist|refs= <ref name=ingves>{{cite web |url=http://www.riksbank.se/templates/Page.aspx?id=26737 |title=Stefan Ingves |publisher=Sveriges Riksbank |date=4 May 2010 |access-date=2 September 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100827004242/http://www.riksbank.se/templates/Page.aspx?id=26737 |archive-date=27 August 2010 }}</ref>
<ref name=ne-ingves>{{cite encyclopedia | title=Stefan Ingves | encyclopedia=Nationalencyklopedin | language=Swedish | url=http://www.ne.se/stefan-ingves | accessdate=2 September 2010}} {{subscription required}}</ref>
<ref name=ne-heikensten>{{cite encyclopedia | title=Lars Heikensten | encyclopedia=Nationalencyklopedin | language=Swedish | url=http://www.ne.se/lars-heikensten | accessdate=2 September 2010}}</ref> }}
== Further reading ==
* {{Forummag|title=Optionshandeln i Sverige|author=René Söderman|url=https://forum-mag.fi/optionshandeln-i-sverige/|access-date=|date=1987-08-27|issue=1987-12|page=34-35|language=sv-SE}} {{s-start}} {{s-gov}} |- {{succession box |before=Lars Heikensten |title=Governor of the Swedish National Bank |years=2006–2022 |after=Erik Thedéen }} {{s-end}}
{{Authority control}}
{{DEFAULTSORT:Ingves, Stefan}} Category:1953 births Category:Swedish economists Category:Governors of Sveriges Riksbank Category:Stockholm School of Economics alumni Category:Swedish civil servants Category:Finnish emigrants to Sweden Category:Swedish-speaking Finns Category:Living people Category:Swedish twins