Aerdt Houben is Director Financial Markets at De Nederlandsche Bank, covering DNB’s market operations, asset management, risk management, market intelligence and investment operations. He chairs the Committee on Financial Markets at the OECD and is a member of the Committee on the Global Financial System and the Markets Committee at the BIS. Houben is professor of ´Financial Policies, Institutions and Markets´ at the University of Amsterdam. Prior to his current positions, he headed DNB´s Financial Stability Division, its Supervisory Strategy Department and its Monetary Policy Department. He has worked at the IMF, in the Policy Development and Review Department. He has been a member of the Basel Committee on Banking Supervision, the Financial Stability Committee of the ECB and the International Organisation of Pension Supervisors as well as numerous other policy committees in the context of the IMF, Financial Stability Board, European Systemic Risk Board and ECB. He has a PhD in monetary economics and has published broadly on financial issues.