Overview
Work History
Timeline
Generic

Conception Alonso

Overview

27
27
years of professional experience

Work History

Advisor

European Central Bank
01.2025 - Current
  • Advisor reporting to the Senior Management of DG Market Operations
  • Steering and coordinating cross-divisional policy dossiers, such as:
  • Developing a framework to ensure operational readiness of the Eurosystem and counterparties (drawing on the SVB and Credit Suisse events)
  • Overseeing the preparatory work related to monetary policy implementation for Bulgaria’s accession to the euro area

Head of Section – International Markets

European Central Bank
11.2016 - 12.2024
  • I led the International Markets Section which responsibilities lied with i) analyzing Quantitative Tightening approaches by key foreign central banks, ii) analyzing monetary policy decisions by major central banks, iii) analyzing and reporting on financial markets developments in the global fixed income market, foreign exchange markets, equities (both global and euro area) and commodities (energy markets and gold) iv) analyzing the drivers of the developments of the sovereign yield curve of the US, Japan and China to draw up investment proposals for the management of the ECB's foreign reserves and v) foreign exchange related matters including ERMII membership as well as FX interventions more generally
  • I was also in charge of some DG-M cross-divisions workstreams such as the DG-M preparation of Isabel Schnabel’s speaking notes on financial markets developments for the GovC meetings, the preparation of the ECB accounts for DG-M and the daily presentations on financial market developments delivered to Executive Board members and senior management
  • Finally, I was the ECB representative at the ECB FX Contact Group gathering the FX Industry and at one of the sub-structures of the Markets Operations Committee

Team Lead

European Central Bank
06.2014 - 11.2016
  • Coordination of various workstreams related to assets purchases programmes:
  • The work related to the design of the Corporate Sector Purchase Programme (CSPP) and of the related preparatory work for the implementation of the programme
  • This implied working out policy issues (e.g
  • Eligible universe for purchase, credit quality level etc) as well as operational issues (e.g
  • How to conduct purchases) for the implementation of the programme
  • The implementation of both the CSPP and the CBPP3
  • This implied coordinating and supervising the work of the two dedicated teams as well as liaising with national central banks for the execution of the two programmes
  • The work related to the design and implementation of the ABS Purchase Programme
  • Involved in the passive management of the ECB's own funds

Team Lead

European Central Bank
03.2012 - 05.2014
  • The main responsibilities related to the following policy issues/tasks:
  • Analysis and policy notes on the interaction of regulatory initiatives with monetary policy implementation: study of several regulatory initiatives and their interaction with monetary policy, CGFS and ECC workstreams on regulation and monetary policy, BCBS Task Force to work out the calibration of the LCR and the R-CLF, Task Force on Basel III ratios and monetary policy implementation
  • Non-standard measures: multiple policy notes on various non-standard monetary policy measures
  • Coordination of work on the provision of Emergency Liquidity assistance

Senior Economist

European Central Bank
11.2009 - 02.2012
  • Main responsibilities related to the following tasks/topics:
  • Involved in several policy issues related to the operational framework for monetary policy implementation
  • Involved in policy notes related to unconventional measures and the ECB's response to the financial crisis, in this context, analysed and monitored liquidity conditions of the euro area banking system
  • Involved in policy issues related to the sovereign crisis and Greece
  • Led the ECB's internal work (involving several business areas) on the issuance of debt certificates

Team Lead

European Central Bank
12.2008 - 10.2009
  • Main responsibilities related to the following topics/tasks:
  • Contributed to various other policy issues (e.g
  • Swap and repo arrangements for non-euro area EU countries)
  • Performed various ad hoc analysis and proposals for open market operations in the context of the financial crisis (longer term refinancing operations, absorption options, unconventional measures, rate to be applied in LTROs, limiting participation in open market operations, exit strategy);
  • Supervised the work related to the daily analysis of the liquidity needs of the euro area banking system

Senior Economist

European Central Bank
03.2003 - 11.2008
  • The main responsibilities related to the following tasks/issues: At the ECB:
  • Issues related to the implementation of monetary policy, and in particular in the second half of 2007 to the ECB's response to the financial crisis from a liquidity management perspective (among others: maturity diversification of refinancing operations, the set-up of these operations and the regular review of their modalities, CGFS discussion on central banks instruments, various contributions to speeches
  • On loan for six months to the United Nations in East Timor: a technical assistance mission to the Economic Studies and Statistics Department of the Banking and Payments Authority of Timor-Leste:
  • Preparatory work with regard to the Article IV mission of the IMF
  • Production of the quarterly economic bulletin of the Monetary Authority
  • Managed a team of 5 experts

Economist

European Central Bank
06.1998 - 03.2003
  • The main responsibilities related to the following tasks/issues:
  • Contribution to the complete set up of the monitoring framework for accession countries: selection of economic indicators to be monitored and of data sources
  • Monitoring of selected economic indicators (e.g
  • Economic activity, inflation, monetary sector, external sector, exchange rate, public sector) in selected accession countries (Estonia, Hungary, Latvia, Lithuania and Slovakia);
  • Monitoring of developments in the field of monetary and exchange rate policies in accession countries and assessment of the consistency of those with EU and euro area membership requirements, e.g
  • Repegging of the Lithuanian litas from the US dollar to the euro, compatibility of currency board arrangements with ERMII membership, suitability of the inflation targeting framework in Slovakia;
  • Analysis of the consistency of economic policies conducted by accession countries: structural, fiscal, monetary and exchange rate policies
  • Analysis of the progress made with regard to the real and nominal catching up process

Economist

European Monetary Institute
11.1997 - 05.1998
  • The key responsibilities related to:
  • The monitoring and the assessment of the preparatory works in the EU member States in the banking and financial sectors prior to the launch of European Monetary Union on 1 January 1999
  • The participation in the co-ordinated monitoring of the changeover to the euro of the EU members states (the so-called Changeover Weekend)

Timeline

Advisor

European Central Bank
01.2025 - Current

Head of Section – International Markets

European Central Bank
11.2016 - 12.2024

Team Lead

European Central Bank
06.2014 - 11.2016

Team Lead

European Central Bank
03.2012 - 05.2014

Senior Economist

European Central Bank
11.2009 - 02.2012

Team Lead

European Central Bank
12.2008 - 10.2009

Senior Economist

European Central Bank
03.2003 - 11.2008

Economist

European Central Bank
06.1998 - 03.2003

Economist

European Monetary Institute
11.1997 - 05.1998

Similar Profiles

CREATE PROFILE
Conception Alonso