Aerdt Houben is Director of the Financial Stability Division at De Nederlandsche Bank (DNB). The division assesses macroprudential risks in the Netherlands and formulates policy proposals to safeguard financial stability. Prior to this, he headed the Supervisory Strategy Department during the integration of prudential supervision on banks, insurance companies and pension funds within DNB. Before that, he headed the Monetary Policy Department, including during the change-over to the euro. He has worked at the IMF and is currently a member of the Committee on the Global Financial System at the BIS, the Standing Committee on Analytical Vulnerabilities of the Financial Stability Board, the Advisory Technical Committee of the European Systemic Risk Board and the Financial Stability Committee of the ECB. He chairs the Instruments Working Group of the ESRB. Houben has a PhD in monetary economics and has published broadly on financial issues.
