Thierry Philipponnat | Finance Watch

Thierry Philipponnat

Chief Economist

Thierry Philipponnat serves as Chief Economist at Finance Watch.

After graduating from Institut d’Etudes Politiques de Paris and training as an economist (Master’s degree in economics), Thierry Philipponnat started a career in finance in 1985, holding different positions in commercial and investment banking, working successively for BFCE, O’Connor & Associates, Exane, UBS Ltd and BNP Paribas. In 2004 he was appointed global head of equity derivatives of Euronext.liffe and a member of the executive committees of Euronext in Paris and LIFFE in London.

After leaving the finance industry, Thierry crossed into the NGO world, campaigning and lobbying on behalf of Amnesty International, with a particular emphasis on corporate social responsibility and on the impact of the financial sector on human rights. He was later elected as an Executive Board member of Amnesty International France.

In 2011, he co-founded the European NGO Finance Watch in Brussels, which he managed as its first Secretary General until 2014. Subsequently, he became Chairman of the French Sustainable Investment Forum (FIR), a Board member of the European Sustainable Investment Forum (EUROSIF) and Director of the economic think tank Institut Friedland.

Thierry Philipponnat was a member of the Board of the French Financial Markets Authority (AMF) between 2013 and 2022 where he chaired the Climate and Sustainable Finance Commission and the Market consultative Commission, and a member of the Sanctions Committee of the French Banks and Insurance Companies Supervisor (ACPR), of its Scientific Committee and of its Climate and Sustainable Finance Commission between 2015 and 2024.

He was also a member of the European Commission’s first Platform on sustainable finance between 2020 and 2022. He is a member of EFRAG’s Sustainability Reporting Board.

Thierry is the author of several books and numerous articles on finance, financial regulation, sustainable finance, socially responsible investment and corporate social responsibility.

In October 2019, Finance Watch appointed Thierry Philipponnat as Head of Research and Advocacy. In January 2022, he was appointed Chief Economist.

Policy Areas

  • Digital Finance
  • Public Finance
  • Retail & Inclusion
  • Stability & Supervision
  • Sustainable Finance

Areas of expertise:

  • Banking
  • Economics
  • Financial markets
  • Financial stability
  • Sustainable finance

Contact Information

Finance Watch

Rue des Colonies 56 box 3 - 1000 Brussels - Belgium

Participated in these publications

Consultation response

Response to the EC consultation on the implementation of SFDR

In its response to the EC consultation on SFDR, Finance...
Report

Report – Finance in a hot house world

Climate risk is growing to disruptive levels throughout the financial...
Policy brief

Policy brief – Regulating ESG ratings to strengthen sustainable investors

In a policy brief published on May 17, Finance Watch...
Open letter

Letter to the ISSB on its proposals for International Sustainability Reporting Standards

In its letter to the ISSB on the exposure drafts...
Report

Report – The Problem Lies in the Net: Making Finance contribute to a Net Zero Economy

In a report published on June 22, Finance Watch proposes...
Speech

Finalising Basel III to serve the European economy (ECON Hearing on the Basel III “Finalisation Package”)

At the ECON Hearing on the Basel III “Finalisation Package”...
Speech

Assessing risk properly is key to enable insurance companies to invest for the long term and to tackle climate risk (ECON Hearing on Solvency II and IRRD)

At the ECON Hearing on Solvency II and IRRD, Finance...
Consultation response

Insurance Sector and Climate-Related Financial Risks: Response to the FIO

Finance Watch responded to the Federal Insurance Office Information Request...
Open letter

Letter to EU policymakers to close ‘climate-finance doom loop’ through CRR, Solvency II upgrades

Finance Watch called on EU leaders not to miss the...
Speech

Tackling non-performing loans in the aftermath of the Covid-19 pandemic

A statement provided by Finance Watch Head of Research and...
Consultation response

Response to EU Commission on review of Alternative Investment Fund Managers Directive (AIFMD)

Finance Watch calls for allowing both qualitative and quantitative approaches...
Report

10 Principles for a Sustainable Recovery

On 2 October 2020, Finance Watch published a briefing paper...
Consultation response

Response to the consultation on the Renewed Sustainable Finance Strategy

Finance Watch responded to the 100+ questions of the European...
Policy brief

Policy brief: Debt sustainability and a sustainable Covid recovery

Overcoming the dilemma between debt and environmental sustainability in the...
Consultation response

Consultation response on the revision of the non-financial reporting directive (NFRD)

Finance Watch publishes its responses to the public consultation on...
Report

Report – Breaking the climate-finance doom loop

On 8 June 2020, Finance Watch published a report to...
Consultation response

Consultation response on implementing the final BASEL III reforms in the EU

On 3 January 2020, Finance Watch submitted its response to...
Position paper

How can safer banks hurt the EU economy?

Finance Watch publishes a critical analysis of a report on...
Consultation response

Consultation response on EBA’s proposals for a STS framework for synthetic securitisation

In its response to the European Banking Authority’s consultation, Finance...
Position paper

Three reforms to strengthen the Banking Union and the euro area

As a complement to a hearing held on 7 November...
Speech

Speech at ECON hearing on TTIP and Financial Services Regulation

Finance Watch’s Secretary General, Thierry Philipponnat, gave evidence at the...
Open letter

Open letter to Pierre Moscovici on French banking reform

In an open letter sent yesterday to the French finance...
Position paper

Bank structures and Banking Union: Presentation at Finethikon

Presentation by Finance Watch Secretary General Thierry Philipponnat at the Third Congress...
Speech

Speech to EESC at hearing on civil society and financial regulation

Finance Watch Secretary General Thierry Philipponnat today gave evidence at a...
Speech

ECON Committee evidence on CRD4

Finance Watch Secretary General, Thierry Philipponnat, yesterday gave evidence on the effects...

Participated in these articles

A Reaction to the Banking Crisis: Reinforce international prudential and resolution rules

Here we go again. Pouring public money onto the flames...

Prudential regulation should not be instrumentalised to distort the banking competitive landscape

France’s move to make Basel III transitional arrangements permanent will...

Climate change: Are markets ready to finance the energy transition?

An overhaul of some economic fundamentals is necessary for finance...

Bail out people, not banks

Tackle non-performing loans in Europe by bailing out the borrowers,...

Should we close financial markets?

Financial markets have had two main characteristics since the start...

Monitoring derivatives trading books in the current context of financial markets turmoil

The present situation of financial markets, characterised by a sharp...

About the decisions taken by European bank regulators and supervisors in the face of the coronavirus crisis

Our analyses of the coronavirus crisis: Bank regulators and supervisors...

From a health crisis to financial turmoil: Supervisors must make sure finance does not backfire

The coronavirus outbreak has provoked a sharp drop and triggered...

Book presentation: Le capital de l’abondance à l’utilité

Thierry Philipponnat, Director of the French think tank Institut Friedland...

Policy Areas

  • Digital Finance
  • Public Finance
  • Retail & Inclusion
  • Stability & Supervision
  • Sustainable Finance

Areas of expertise:

  • Banking
  • Economics
  • Financial markets
  • Financial stability
  • Sustainable finance