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Revealed: The 50 most influential figures in global financial regulation

Wednesday 19 January 2011 - by Will Henley

 The 50 men and women who have wielded the greatest influence on worldwide financial regulation in the past twelve months are unveiled by Global Financial Strategy today.

Topping the GFS Power 50 list is Dutch central banker Nout Wellink, the chairman of the Basel Committee for Banking Supervision, which in 2010 unveiled game-changing proposals on capital requirements and liquidity for the world's banks.

Mario Draghi, chairman of the G20-backed Financial Stability Board, which has sought to tighten the leash on the world's financial institutions - especially those deemed too-big-to-fail - comes a close second place.

European Central Bank President Jean-Claude Trichet, who has been pivotal in shaping the EU's new financial system and backing up beleaguered EU nations, also made it into the top three, followed by former US Senate Banking Committee chairman Barney Frank and world leaders Angela Merkel, Hu Jintao and Barack Obama.

Other regulatory power-brokers in the top 50 include International Monetary Fund boss Dominique Strauss-Kahn, European Union commissioner Michel Barnier and US Treasury Secretary Timothy Geithner.

Nicola York, Editor of Global Financial Strategy, said: "Some of these individuals have brought about seismic changes to supervision structures and regulatory rulemaking. Others have stubbornly, but successfully, blocked radical advances despite awesome political pressure in the aftermath of the financial crisis.



"Many are recognised because of their direct contribution to decision making. Others are credited for providing the intellectual or philosophical substance behind stark or subtle yet profound changes in direction."

In total, 14 Americans make it into the top 50, reflecting not only America's dominance on the world stage but its far-reaching domestic overhaul of financial legislation. Asia's growing influence is marked with 10 entries including three from China.

Despite having seven nationals on the list, Britain's influence seemed to be eclipsed by France, as it could muster only one top 20 placing with Liberal Democrat MEP Sharon Bowles.

France had four of its total five in the top 20, though President Sarkozy missed out. David Cameron, who has taken something of a backseat to Chancellor George Osborne, is also notably absent from the list.


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