Claudia-Maria Buch

Claudia Maria Buch (also Claudia-Maria Buch; born March 1966) is a German economist who serves as Chair of the ECB Supervisory Board since 2024. She was a Vice President of the Bundesbank from 2014 to 2023.

Earlier in her career, Buch worked as professor at the University of Tübingen and was a member of the German Council of Economic Experts.

She worked as scientific director at the Institut für Angewandte Wirtschaftsforschung (Institute of Applied Economic Studies) in Tübingen and as chairperson of the economic council at the Federal Ministry of Economics and Technology. She still teaches at the Otto-von-Guericke-Universität Magdeburg. Her research focuses on regulation and supervision of banking.

Early life and education Buch was born in March 1966 in Paderborn. She attended the Gymnasium Theodorianum in Paderborn and subsequently studied economics at the University of Bonn from 1985 to 1991, graduating with a degree as Diplom-Volkswirtin. She was also granted a Master of Business Administration at the University of Wisconsin–Eau Claire after studying there between 1988 and 1989.

In 2004 Buch was appointed professor at the University of Tübingen, holding the chair for International Macroeconomics and Finance with a focus on money and currency.

Later that year, Buch warned: "If the ECB were to buy even more government bonds, it would assume a redistribution function. The ECB lacks both the mandate and the democratic authority to do so."

In 2013, Buch and Elke König, who headed the Federal Financial Supervisory Authority (BaFin) at the time, were cited by German media as contenders for a post on the Executive Board of the European Central Bank that eventually went to Sabine Lautenschläger.

Between July 2013 and March 2014, Buch served as member of the European Commission’s expert group on debt redemption fund and eurobills, led by Gertrude Tumpel-Gugerell. The expert group was set up with a mandate to deepen the analysis on the possible merits, risks, requirements and obstacles of partial substitution of national issuance of debt through joint issuance in the form of a redemption fund and eurobills.

Vice President of Bundesbank, 2014–2023 In February 2014, the German government nominated Claudia Buch as vice president of the Bundesbank, succeeding Sabine Lautenschläger as the only woman on the central bank's board;

From May 2014, Buch was a member of the Financial Stability Commission at the Federal Ministry of Finance, representing the Bundesbank.

Chair of the European Central Bank Supervisory Board, 2024–present In March 2023, Buch was appointed to the ECB Supervisory Board, as the Bundesbank's representative. In July 2023, the ECB shortlisted Buch and Margarita Delgado as candidates to succeed Andrea Enria as the board's chair. In September, the ECB finally chose to appoint Buch as SSM chair, the European Parliament approved this nomination on 3 October and on October 19, the European Council appointed Claudia Buch as chair of the SSM, with her five-years term starting from 1 January 2024.

Other activities Regulatory agencies Bank for International Settlements (BIS), Ex-Officio Chairwoman of the Irving Fisher Committee on Central Bank Statistics (since 2016), Ex-Officio Member of the Committee on the Global Financial System (since 2014) Financial Stability Board (FSB), Ex-Officio Member of the Standing Committee on Assessment of Vulnerabilities (since 2014) Economic and Financial Committee, Ex-Officio Member (since 2014) Federal Financial Supervisory Authority (BaFin), Ex-Officio Member of the Financial Stability Commission (since 2014)

Scientific institutions Center for Economic and Policy Research (CEPR), Distinguished Fellow (since 2019) Goethe University Frankfurt, Member of the University Council (since 2015) Halle Institute for Economic Research (IWH), Member of the Scientific Advisory Board (since 2015) Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Member of the Scientific Advisory Board (2011–2013), Member of the supervisory board (since 2015) International Banking Research Network (IBRN), co-director (since 2012) Verein für Socialpolitik, Member of the executive board (since 2011) Max Planck Institute for Tax Law and Public Finance, Member of the Board of Trustees (2014–2016) Association of German Economic Research Institutes (ARGE), deputy chair of the Board (2013–2014) European Systemic Risk Board (ESRB), Member of the Advisory Scientific Committee (2011–2014) German Research Foundation (DFG), Member of the Senate (2008–2014) Kiel Institute for the World Economy (IfW), Member of the Scientific Advisory Board (2008–2013) German National Library of Economics (ZBW), Member of the Scientific Advisory Board (2004–2007)

Editorial boards

German Economic Review, Member of the editorial board (since 2012) Comparative Economic Studies, Member of the editorial board (2013–2014) Applied Economics Quarterly, Member of the Editorial Board Empirica, Member of the Editorial Board

Selected publications