Auer Named Head of BIS’ Europe Innovation Hub
Posted by Colin Lambert. Last updated: January 10, 2022
The Bank for International Settlements (BIS) says that Raphael Auer will join the BIS Innovation Hub team in February as the head of the upcoming Eurosystem Centre, expected to open in the first half of 2022.
Auer is currently a principal economist in the BIS’ Monetary and Economic Department, working with the unit dedicated to Innovation and the Digital Economy. Auer’s current work focuses on central bank digital currencies, stablecoins and cryptocurrencies. In these fields, he has contributed extensively to the BIS’ policy publications and international fora. He has also published widely on issues related to international economics, monetary policy and digital currencies. Before joining the BIS in 2015, he was deputy head of international trade and capital flows at the Swiss National Bank.
The new Eurosystem Centre will have locations in Frankfurt and Paris and be hosted by the European Central Bank, the Deutsche Bundesbank and the Bank of France along with all the other central banks of the Eurosystem. It joins a growing network of Innovation Hub centres that the BIS has established around the world over the last two years, in Switzerland, Hong Kong SAR, London, Singapore and Stockholm, as well as a strategic partnership with the Federal Reserve System. A centre in Toronto, Canada, is planned to open in 2022.
“I am delighted that Raphael is joining the Innovation Hub team,” says Benoît Cœuré, head of the BIS Innovation Hub. “His deep-seated knowledge of digital currencies and financial technology, gained through his extensive experience as a policy and research economist, will strengthen the intellectual foundations of the practical experimentations conducted by the Innovation Hub. The Eurosystem centre’s work will be a key part of the Innovation Hub’s growing project portfolio and will connect us with the euro area’s vibrant innovation ecosystem.”