Piers Haben has been appointed to be Deputy Secretary General of the Committee of European Banking Supervisors (CEBS).
Piers Haben joined the UK Financial Services Authority in 1999 where he has held a number of roles in prudential policy and supervision. Most recently, Piers managed the team in the Prudential Policy Division that focuses on the FSA's approach to stress testing and supervisory review of firms under Pillar 2. His work included the introduction of the FSA's new stress testing requirements, such as reverse stress testing, in December 2009. Piers has also held responsibility for cross FSA projects such as the recent Quantitative Impact Study to assess the impact of changes proposed by the Basel Committee in its December 2009 consultation document.
Piers has previously worked on ensuring effective implementation of Basel II in the FSA, the development of the FSA's risk assessment framework, and the FSA's international strategy and Piers has represented the FSA at various EU and international committees, including the Basel Committee's Standards Implementation Group and the Joint Forum. Most recently, Piers chaired the CEBS task force on stress testing which published its guidelines in August 2010.
The European Banking Authority was established by Regulation (EC) No. 1093/2010 of the European Parliament and of the Council of 24 November 2010. The EBA has officially come into being as of 1 January 2011 and has taken over all existing and ongoing tasks and responsibilities from the Committee of European Banking Supervisors (CEBS). The EBA acts as a hub and spoke network of EU and national bodies safeguarding public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors.