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Cornelia Holthausen

Member of FBF Advisory Council

Director General Macroprudential Policy and Financial Stability

European Central Bank

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The Executive Board of the European Central Bank (ECB) has appointed Cornelia Holthausen as Director General Macroprudential Policy and Financial Stability (DG-MF). The Directorate General provides analysis and policy advice on macroprudential policies, financial stability, financial regulation and supervision.

Ms Holthausen has been Deputy Director General Economics since 2020, where she has supported the Director General in steering activities on fiscal policies, structural issues, euro adoption and trade as well as analytical projects and participation in EU fora. She will succeed Sergio Nicoletti Altimari, who is taking up the position of Director General for Economics, Statistics and Research at Banca d’Italia.

Ms Holthausen has held multiple managerial roles at the ECB, including in DG Market Operations, where she was previously Deputy Director General and Principal Adviser. Among many other things, she was tasked with managing the ECB’s involvement in the working group on euro risk-free rates, supporting the market’s transition to new interest rate benchmarks such as €STR. Ms Holthausen started her central banking career in 1999 as Economist in the ECB’s Financial Research Unit and later Principal Economist, Adviser and Head of the Financial Research Division in DG Research.

Ms Holthausen holds a PhD in Economics from Pompeu Fabra University in Barcelona. She has published a number of research papers on money markets, payments systems, and on operational framework and financial stability issues.

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