Jean-Paul Servais

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Jean-Paul Servais
Jean-PaulServais.jpeg
Occupation Chairman
Employer Financial Services and Markets Authority
Location Brussels
LinkedIn Profile
Website www.fsma.be

Jean-Paul Servais is a prominent figure in the global financial regulatory landscape, currently serving as the chairman of the Belgian Financial Services and Markets Authority (FSMA) and chairman of the International Organization of Securities Commissions (IOSCO).[1][2][3] He is also a board member of several international supervisory bodies for the financial sector such as ESMA and the ESRB.[4]

Early Life and Education[edit]

Servais was born on September 13, 1963, in Brussels, Belgium. His educational background includes a degree from the Free University of Brussels (ULB), where he currently serves as a professor and deputy director of the special Master in Tax Law.[5]

Career[edit]

Servais has had a distinguished career in financial regulation, with significant contributions to the development of regulatory frameworks and policies. Before becoming the chairman of the FSMA, he held various leadership positions within the organization, including vice-chairman and executive director.

Financial Services and Markets Authority (FSMA)[edit]

As the chairman of the FSMA, Servais oversees the regulation and supervision of financial markets and institutions in Belgium. His role involves ensuring the stability and integrity of the financial system, protecting consumers, and promoting fair competition among financial institutions.

Driven by his leadership, the FSMA launched the highly successful Wikifin financial education program in 2013. In 2020, the Wikifin Lab was established in Brussels, offering a unique financial education experience that has since hosted thousands of Belgian students and gained international recognition.[6]

International Organization of Securities Commissions (IOSCO)[edit]

As the chairman of IOSCO, Servais leads the global organization of securities regulators, which aims to promote cooperation, consistency, and high standards of regulation among its member jurisdictions. He is the first Belgian to chair IOSCO. As IOSCO chairman, he facilitated significant international advancements in cryptocurrency regulation and the implementation of sustainability reporting standards.

Other Roles[edit]

Servais has held various other roles throughout his career, including:

  • Chairman of the High Council of the Economic Professions (CSPE - HREB): Servais served as the chairman of the High Council of the Economic Professions from 2000 to 2014, a period of 14 years.
  • Chairman of the CBFA - Belgian Banking, Finance and Insurance Commission: He was the chairman of the CBFA from April 2007 to April 2011, a period of 4 years and 1 month.
  • Deputy Chairman of the CBFA - Belgian Banking, Finance and Insurance Commission: Servais served as the deputy chairman of the CBFA from 2002 to April 2007, a period of 5 years and 4 months.
  • Chief of Staff at the Cabinet of Finance Minister Didier Reynders: He was the chief of staff at the Cabinet of Finance Minister Didier Reynders from 1999 to 2002, a period of 3 years.
  • Deputy Chief of Staff and later chief of staff at the Banking and Finance Commission (CBF) and Belgian Accounting Standards Board (CNC/CBN): Servais held this position from 1992 to 1999, a period of 7 years.
  • Auditor at KPMG: He worked as an auditor at KPMG from 1990 to 1991, a period of 1 year.
  • Military Officer at the Belgian Defence: Servais served as a military officer at the Belgian Defence in 1989, for less than a year.
  • Trainee at the European Commission: He was a trainee at the European Commission in 1988, for less than a year.

References[edit]

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