Nicolas headshot 2023

Nicolas Véron

Senior fellow

Nicolas Véron is a senior fellow at Bruegel and at the Peterson Institute for International Economics in Washington, DC. His research is mostly about financial systems and financial reform around the world, including global financial regulatory initiatives and current developments in the European Union. He was a cofounder of Bruegel starting in 2002, initially focusing on Bruegel’s design, operational start-up and development, then on policy research since 2006-07. He joined the Peterson Institute in 2009 and divides his time between the US and Europe.

Véron has authored or co-authored numerous policy papers that include banking supervision and crisis management, financial reporting, the Eurozone policy framework, and economic nationalism. He has testified repeatedly in front of committees of the European Parliament, national parliaments in several EU member states, and US Congress. His publications also include Smoke & Mirrors, Inc.: Accounting for Capitalism, a book on accounting standards and practices (Cornell University Press, 2006), and several books in French.

His prior experience includes working for Saint-Gobain in Berlin and Rothschilds in Paris in the early 1990s; economic aide to the Prefect in Lille (1995-97); corporate adviser to France’s Labour Minister (1997-2000); and chief financial officer of MultiMania / Lycos France, a publicly-listed online media company (2000-2002). From 2002 to 2009 he also operated an independent Paris-based financial consultancy.

Véron is a board member of the derivatives arm (Global Trade Repository) of the Depositary Trust and Clearing Corporation (DTCC), a financial infrastructure company that operates globally on a not-for-profit basis. A French citizen born in 1971, he has a quantitative background as a graduate from Ecole Polytechnique (1992) and Ecole Nationale Supérieure des Mines de Paris (1995). He is trilingual in English, French and Spanish, and has fluent understanding of German and Italian.

In September 2012, Bloomberg Markets included Véron in its second annual 50 Most Influential list with reference to his early advocacy of European banking union.

 

Disclosure of interests

Declaration of interests 23/24

Declaration of interests 2022

Declaration of interests 2021

Declarations of interests 2020

Declaration of interests 2019

Declaration of interests 2016-2018

Declaration of interests 2016

Declaration of interests 2015

Declaration of interests 2014

Declaration of interests 2013

Declaration of interests 2012

Featured work

Policy brief

How Europe should answer the US Inflation Reduction Act

This policy brief explains what is in the IRA, the impact on the EU and other economies, and how the EU should react.

David Kleimann, Niclas Poitiers, André Sapir, Simone Tagliapietra, Nicolas Véron, Reinhilde Veugelers and Jeromin Zettelmeyer
Blog post

War in Europe: the financial front

Russia is reeling from massive financial sanctions, while Ukraine’s financial system is battered but remains functional, and the EU and global financi

Nicolas Véron and Joshua Kirschenbaum
Event

Bruegel Annual Meetings 2019

Bruegel's 2019 Annual Meetings will be held on 4-5 September and feature the launch of Bruegel's Memos to the New European Commission.

External publication

Reconciling risk sharing with market discipline: A constructive approach to euro area reform

This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.

Jean Pisani-Ferry, Nicolas Véron, Agnès Bénassy-Quéré, Hélène Rey, Philippe Martin, Marcel Fratzscher, Jeromin Zettelmeyer, Isabel Schnabel, Markus Brunnermeier, Clemens Fuest, Henrik Enderlein, Emmanuel Farhi and Pierre-Olivier Gourinchas
Opinion piece

A resilient Euro needs Franco-German compromise

In a piece signed by 15 leading French and German economists, Nicolas Véron lays out a path to a more sustainable Euro. Germany will need to accept so

Jean Pisani-Ferry, Nicolas Véron, Agnès Bénassy-Quéré, Hélène Rey, Philippe Martin, Marcel Fratzscher, Isabel Schnabel, Markus Brunnermeier, Lars Feld, Clemens Fuest, Henrik Enderlein, Emmanuel Farhi and Pierre-Olivier Gourinchas
Event

Completing the Banking Union

The Five Presidents’ report published in July 2015 argues that completing the banking union should be one of the most immediate steps of the broader p

Event

Cyprus: Financing the Recovery

As Cyprus looks ahead to post-bailout growth, what lessons have been learnt from the crisis and subsequent bank restructuring?

Opinion piece

Tectonic shifts

Europe has just started a long journey of discovery. Banking union amounts to a regime change for European finance. Even as prospects for the first st

Nicolas Véron
Opinion piece

The ECB’s big moment

Europe’s banking union project has had many doubters since it started to be widely discussed in the spring of 2012. What is not in doubt, however, is

Nicolas Véron
Book

EU-Korea Economic Exchange

Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and

Jean Pisani-Ferry, Nicolas Véron, Zsolt Darvas, Reinhilde Veugelers, Georg Zachmann, Shahin Vallée and Mario Mariniello
Blog post

Basel III: Europe’s Interest Is to Comply

On February 14, European Commissioner Michel Barnier and Federal Reserve Governor Daniel Tarullo indicated their agreement to quickly give t

Nicolas Véron
Blog post

The Political Redefinition of Europe

For the past few years, headlines in Europe have been dominated by the financial and economic developments of the crisis, first in the banking system

Nicolas Véron
Policy brief

The challenges of Europe's fourfold union

This Policy Contribution reproduces Nicolas Véron’s statement delivered at the hearing on 'The Future of the Eurozone: Outlook and Lessons' at the Sub

Nicolas Véron
Policy brief

What kind of European banking union?

This policy contribution discusses in detail how a future banking union could be organised by examining seven fundamental choices that decision makers

Jean Pisani-Ferry, André Sapir, Nicolas Véron and Guntram B. Wolff
Blog post

A new era for global financial standards

Even as headlines remain dominated by the Eurozone crisis, the financial world is transforming itself along multiple other dimensions. One intriguin

Nicolas Véron