Richard Portes, Professor of Economics at London Business School, is Founder and Honorary President of the Centre for Economic Policy Research. He was inaugural holder (2014-17) of the Tommaso Padoa-Schioppa Chair at the European University Institute (part-time), and Co-Chair of the Board (1985-2017) of Economic Policy, of which he was a Co-Founder. He is an elected Fellow of the Econometric Society and of the British Academy. He is a member of the General Board of the European Systemic Risk Board (ESRB), Chair of the ESRB Advisory Scientific Committee, and Co-Chair of the ESRB’s Joint ATC-ASC Expert Group on Shadow Banking. He is also a member of the Steering Committee of the Euro 50 Group and of the Bellagio Group on the International Economy. He is an Academic Director of the AQR Asset Management Institute at London Business School. Professor Portes was a Rhodes Scholar, then a Fellow of Balliol College, Oxford (where he is now an Honorary Fellow). He holds three honorary doctorates. Professor Portes was decorated CBE in the 2003 New Year Honours.