Dirk Schoenmaker

Dirk Schoenmaker
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Rotterdam School of Management
Erasmus University
Burgemeester Oudlaan 50
3062 PA Rotterdam
+31 10 408 1952
+31 6 2295 2375
[email protected]
Marital status:
Date of birth:
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Married with three children
26 February 1967
Dutch
Current positions
2015-present
Professor of Banking & Finance
Rotterdam School of Management, Erasmus University Rotterdam
2015-present
Senior Fellow
Bruegel, Brussels
Past positions
2009-2015
Dean
Duisenberg school of finance
2004-2015
Professor of Finance, Banking & Insurance
VU University Amsterdam
1998-2008
Deputy Director Financial Markets Policy
Head Financial Stability Division
Financial Markets Policy Directorate
Ministry of Finance
1996-1998
Analyst Banking Supervisory Policy
Supervision & Surveillance
Bank of England
1991-1996
Research Officer on Financial Regulation
Financial Markets Group
London School of Economics
Other professional positions
2016-present
Academic Partner, Netherlands Bureau for Economic Policy Analysis (Centraal
Planbureau), The Hague
2015-present
Research Fellow, Centre for European Policy Research (CEPR), London
2015-present
Board Member, Institute for Disciplinary Action Banks (Stichting Tuchtrecht
Banken), Amsterdam
2013-present
Chairman, Dutch Securities Institute (Self-Regulatory Institute for Expertise and
Integrity in the Financial Sector), Amsterdam
2011-present
Member, Advisory Scientific Committee, European Systemic Risk Board,
Frankfurt (re-appointed in March 2015)
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2014-2015
Member, State Committee Dutch Insurance Sector, The Hague
2014-2015
Consultant, Stabilising and Healing the Irish Banking System: Policy Lessons, IMF,
Washington D.C.
2012-2013
Member, State Committee Structure Dutch Banking Sector, The Hague
2012-2013
Visiting Research Fellow, DG ECFIN, European Commission, Brussels
2010-2011
Consultant, Economic Survey of Switzerland, OECD, Paris
2006-2007
Consultant, Nordic-Baltic Regional Financial Sector Project, IMF, Washington D.C.
2004-2005
Chairman, Working Party ‘Towards a New Framework for Higher Education’,
Ministry of Education and Science, The Hague
2003-2004
Member, Committee on Financial Markets Statistics, Central Bureau for Statistics,
The Hague
2002-2008
Deputy Member, Financial Services Committee, Brussels
2000-2008
Member, European Banking Committee, Brussels
2000-2001
Member, Working Party ‘Consolidation in the Financial Sector’, Group of Ten,
Basel
1999-2000
Deputy Chairman, Committee on Financial Markets, OECD, Paris
1995
Visiting Scholar, IMF, Washington D.C.
Education
1991-1996
PhD in Economics
Thesis: ‘Central Banking and Financial Stability’
London School of Economics
1985-1990
Master in Business Economics, Cum Laude
Major: Finance
Erasmus University Rotterdam
1986-1991
Master in Law
Major: Business Law
Erasmus University Rotterdam
Media
Several articles and interviews in newspapers (Financial Times, Frankfurter Allgemeine Zeitung,
Financieel Dagblad, NRC Handelsblad, Volkskrant, Telegraaf, Nederlands Dagblad) and magazines
(The Economist, Economisch Statistische Berichten) as well as television and radio appearances
(NOS, RTL, BNR).
Policy papers
Several Bruegel publications (available at Bruegel) and VoxEU columns (available at VoxEU).
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Journal articles (refereed)
Goodhart, C. and D. Schoenmaker (2016), ‘The Global Investment Banks are now all Becoming
American: Does that Matter for Europeans?’, Journal of Financial Regulation, 2, forthcoming.
Schoenmaker, D. and R. van Tilburg (2016), ‘What Role for Financial Supervisors in Addressing
Environmental Risks?’, Comparative Economic Studies, 58, forthcoming.
Schoenmaker, D. and J. Sass (2016), ‘Cross-border Insurance in Europe: Challenges for
Supervision’, The Geneva Papers on Risk and Insurance, 41, 351-377.
Schoenmaker, D. and P. Wierts (2016), ‘Macroprudential Supervision: From Theory to Policy’,
National Institute Economic Review, 235, 50-62.
Schoenmaker, D. and P. Wierts (2015), ‘Regulating the Financial Cycle: An Integrated Approach with
a Leverage Ratio’, Economics Letters, 136, 70-72.
Schoenmaker, D. (2015), ‘The new Banking Union Landscape in Europe: Consolidation Ahead?’,
Journal of Financial Perspectives, 3(2), 189-201.
Schoenmaker, D. (2015), ‘Regulatory Capital: Why Is It Different?’, Accounting and Business
Research, 45, 468-483.
Schoenmaker, D. and A. Siegmann (2014), ‘Can European Bank Bailouts Work?’, Journal of
Banking & Finance, 48, 334-349.
Gros, D. and D. Schoenmaker (2014), ‘European Deposit Insurance and Resolution in the Banking
Union’, Journal of Common Market Studies, 52, 529-546.
Schoenmaker, D. and W. Wagner (2013), ‘Cross-border Banking in Europe and Financial Stability’,
International Finance, 16, 1-22.
Avgouleas, E., C. Goodhart and D. Schoenmaker (2013), ‘Bank Resolution Plans as a Catalyst for
Global Financial Reform’, Journal of Financial Stability, 9, 210-218.
Slijkerman, J.F., C. de Vries and D. Schoenmaker (2013), ‘Systemic Risk and Diversification across
European Banks and Insurers’, Journal of Banking & Finance, 37, 773-785.
Schoenmaker, D. and D. Werkhoven (2013), ‘The Impact of Multinationals on the Size of the
Banking System’, Kyklos, 66, 378-397.
Schoenmaker, D. (2012), ‘Banking Supervision and Resolution: The European Dimension’, Law and
Financial Markets Review, 6, 52-60.
Schoenmaker, D. (2011), ‘The Financial Trilemma’, Economics Letters, 111, 57-59.
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Dermine, J. and D. Schoenmaker (2010), ‘In Banking, Is Small Beautiful?’, Financial Markets,
Institutions & Instruments, 19, 1-19.
Goodhart, C. and D. Schoenmaker (2009), ‘Fiscal Burden Sharing in Cross-Border Banking Crises’,
International Journal of Central Banking, 5, 141-165.
Schoenmaker, D. and T. Bosch (2008), ‘Is the Home Bias in Equities and Bonds Declining in
Europe?’, Investment Management and Financial Innovations, 5, 115-127.
Schoenmaker, D., S. Oosterloo and O. Winkels (2008), ‘The Emergence of Cross-Border Insurance
Groups within Europe with Centralised Risk Management’, The Geneva Papers on Risk and
Insurance, 33, 530-546.
Schoenmaker, D. and S. Oosterloo (2005), ‘Financial Supervision in an Integrating Europe:
Measuring Cross-Border Externalities’, International Finance, 8, 1-27.
Goodhart, C., D. Schoenmaker and P. Dasgupta (2002), ‘The Skill Profile of Central Bankers and
Supervisors’, European Finance Review, 6, 397-427.
Goodhart, C. and D. Schoenmaker (1995), ‘Should the Functions of Monetary Policy and Banking
Supervision be Separated?’, Oxford Economic Papers, 47, 539-560.
Books and Reports
Schoenmaker, D. and N. Véron (2016), European Banking Supervision: The First Eighteen Months,
Blueprint 25, Bruegel, Brussels.
De Haan, J., S. Oosterloo and D. Schoenmaker (2015), Financial Markets and Institutions: A
European Perspective, Third Edition, Cambridge University Press, Cambridge, UK.
Huang, R. and D. Schoenmaker (eds) (2015), Institutional Structure of Financial Regulation:
Theories and International Experiences, Routledge, London.
Schoenmaker, D. (ed.) (2014), Macroprudentialism, VoxEU eBook, CEPR, London.
Schoenmaker, D. (2013), Governance of International Banking: The Financial Trilemma, Oxford
University Press, New York.
Schoenmaker, D. (2013), An Integrated Financial Framework for the Banking Union: Don’t Forget
Macro-Prudential Supervision, Economic Papers No. 495, European Commission, Brussels.
Schoenmaker, D. (2013), Post-Crisis Reversal in Banking and Insurance Integration: An Empirical
Survey, Economic Papers No. 496, European Commission, Brussels.
De Haan, J., S. Oosterloo and D. Schoenmaker (2012), Financial Markets and Institutions: A
European Perspective, Second Edition, Cambridge University Press, Cambridge.
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Allen, F., T. Beck, E. Carletti, P. Lane, D. Schoenmaker and W. Wagner (2011), Cross-Border
Banking in Europe: Implications for Financial Stability and Macroeconomic Policies, CEPR Report,
London.
Claessens, S., R. Herring and D. Schoenmaker (2010), A Safer World Financial System: Improving
the Resolution of Systemic Institutions, 12th Geneva Report on the World Economy, ICMB, Geneva,
and CEPR, London.
De Haan, J., S. Oosterloo and D. Schoenmaker (2009), European Financial Markets and Institutions,
Cambridge University Press, Cambridge.
Wajid, K., A. Tieman, M. Khamis, F. Haas, D. Schoenmaker, P. Iossifov, and K. Tintchev (2007),
Financial Integration in the Nordic-Baltic Region: Challenges for Financial Policies, IMF, Washington
D.C.
Kremers, J., D. Schoenmaker and P. Wierts (2003), Financial Supervision in Europe, Edward Elgar,
Cheltenham.
Fingleton, J. and D. Schoenmaker (eds) (1992), The Internationalisation of Capital Markets and the
Regulatory Response, Graham & Trotman, London, 1992.
Book Chapters
Schoenmaker, D. (2016), ‘The Banking Union: An Overview and Open Issues’, in: T. Beck and B.
Casu (eds), The Palgrave Handbook of European Banking, Palgrave Macmillan, London,
forthcoming.
Schoenmaker, D. (2016), ‘The Steady State of the Banking Union’, in: D. Evanoff, A. Haldane, and
G. Kaufman (eds), The New International Financial System: Analyzing the Cumulative Impact of
Regulatory Reform, World Scientific, Singapore, 511-528.
Schoenmaker, D. (2015), ‘On the Need for a Fiscal Backstop to the Banking System’, in: M. Haentjes
and B. Wessels (eds), Research Handbook on Crisis Management in the Banking Sector, Edward
Elgar, Cheltenham, 42-54.
Schoenmaker, D. (2015), ‘From Banking Union to Capital Markets Union’, in: A. Dombret and P.
Kenadjian (eds), The European Capital Markets Union: A viable concept and a real goal?, De
Gruyter, Berlin, 37-48.
Schoenmaker, D. (2015), ‘Stabilizing and Healing the Irish Banking System: Policy Lessons’, in:
Ireland: Lessons from Its Recovery from the Bank-Sovereign Loop, European Department, IMF,
Washington D.C., 39-70.
Schoenmaker, D. (2013), ‘Central Banks Role in Financial Stability’, in: G. Caprio (ed), Handbook of
Safeguarding Global Financial Stability, Vol. 2, Elsevier, Amsterdam, 271-284.
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Schoenmaker, D. (2013), ‘Financial Supervision in the EU’, in: G. Caprio (ed), Handbook of
Safeguarding Global Financial Stability, Vol. 2, Elsevier, Amsterdam, 355-369.
Schoenmaker, D. (2012), ‘Banking Union: Where we’re going wrong’, in: T. Beck (ed), Banking
Union for Europe – Risks and Challenges, VoxEU eBook, CEPR, London, 97-103.
Schoenmaker, D. (2011), ‘The Future of Cross-Border Banking’, in: T. Beck (ed), The Future of
Banking, VoxEU eBook, CEPR, London, 73-78.
Schoenmaker, D. (2010), ‘The ECB, Financial Supervision, and Financial Stability Management’, in:
J. de Haan and H. Berger (eds), The European Central Bank at Ten, Springer, Heidelberg, 171-193.
Schoenmaker, D. and S. Oosterloo (2008), ‘Financial Supervision in Europe: A Proposal for a New
Architecture’, in: L. Jonung, C. Walkner and M. Watson (eds), Building the Financial Foundations of
the Euro - Experiences and Challenges, Routledge, London.
Schoenmaker, D. and C. van Laecke (2007), ‘Current State of Cross-Border Banking’, in: D. Evanoff,
G. Kaufman and J. LaBrosse (eds), International Financial Instability: Global Banking & National
Regulation, World Scientific, Singapore.
Schoenmaker, D. and S. Oosterloo (2007), ‘Cross-Border Issues in European Financial Supervision’,
in: D. Mayes and G. Wood (eds), The Structure of Financial Regulation, Routledge, London.
Schoenmaker, D. (2005), ‘Central Banks and Financial Authorities in Europe: What Prospects?’, in:
D. Masciandaro (ed.), The Handbook of Central Banking and Financial Authorities in Europe,
Edward Elgar, Cheltenham.
Kremers, J., D. Schoenmaker, and P. Wierts (2003), ‘Cross-Sector Supervision: Which Model?’, in:
R. Herring and R. Litan (eds), Brookings-Wharton Papers on Financial Services: 2003, Brookings
Institution Press, Washington D.C.
Schoenmaker, D. (2000), ‘The Role of the Central Bank in the Financial System’, in: B. Green (ed.),
Risk Behaviour and Risk Management in Business Life, Kluwer, Dordrecht.
Schoenmaker, D. (2000), ‘What Kind of Financial Stability for Europe?’, in: C. Goodhart (ed.), Which
Lender of Last Resort for Europe?, Central Banking Publications, London.
Schoenmaker, D. (1999), ‘Contagion Risk in Banking’, in: J. Muranaga (ed.), Risk Measurement and
Systemic Risk, Bank of Japan, Tokyo.
Schoenmaker, D. (1997), ‘Banking Supervision and Lender of Last Resort in EMU’, in: M. Andenas,
L. Gormley, C. Hadjiemmanuil and I. Harden (eds), European Economic and Monetary Union: The
Institutional Framework, Kluwer International, London.
Board, J., C. Goodhart, M. Power and D. Schoenmaker (1997), ‘Derivatives Regulation’, in: B.
Schachter (ed.), Derivatives, Regulation and Banking, Elsevier Science, Amsterdam.
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Academic awards
2001
Barclays Global Investors Award for best paper at European Finance Association
Meetings 2001 in Barcelona
1990
Equity & Law Award for final paper ‘Integration of National Capital Markets’
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