Lars Frisell

Lars Frisell was appointed Advisor to the Governor of the Central Bank of Ireland in January 2015. He is a member of the senior management committee and also advises the Risk Committee of the Central Bank Commission. Lars joined the Central Bank in 2012 as Director of Economics and Financial Stability. Prior to joining the Central Bank, Lars was Chief Economist at the Swedish Financial Supervisory Authority where he established a new macroprudential department and was a member of the Basel Committee on Banking Supervision, contributing to its work on Basel III. Lars has also worked as long-term expert for the IMF and held senior positions at the Swedish Riksbank.
Lars holds a PhD in Economics from the Stockholm School of Economics, a MSc in Mathematical Methods from Northwestern University and a MSc in Business and Economics from Stockholm School of Economics.

Europe’s Regulatory Treatment of Banks’ Sovereign Exposures – How a Flawed Framework Was Put to Use in the Irish Financial Crisis

July 4, 2016 by Lars Frisell

Disclaimer: The views expressed in this paper are solely those of the author and do not represent the views of the Central Bank of Ireland or of the Eurosystem. Shortly after the default of Lehman Brothers in 2008 several Irish banks faced acute funding problems. In order to avoid a systemic crisis the Irish government […]