Since May, 1st 2004 he is the Head of the “Financial Market Infrastructure” Unit. This Unit is responsible for ensuring a proper conception and implementation of the regulatory environment for the post-trading area of the EU Financial Markets. Before this appointment he has been a member of the Group of Policy Advisers of the EU Commission President, Prof. Romano Prodi (01-04). Within the Group he was responsible for economic matters in general and in particular the EU budget and economic policy coordination between the Member States.

Before joining the Group of Policy Advisers, he worked first for the Commission's Taxation Department (94-96), then for the Budget Department (96-00), and then in the Cabinet of the Competition Commissioner, Prof. Mario Monti (00-01).

Alongside his work at the Commission he is active in research and teaching. Since 1998 he has been visiting professor at Milan's Bocconi University and a member of the Economic Faculty of ISPI, Milan (Diplomatic School of the Italian Ministry of Foreign Affairs) and occasional lecturer in many universities across Europe. From 1995 to 1999 he was visiting professor at the Universidad de Belgrano (Buenos Aires) and the Universidad de Cuyo (Mendoza). From 1993 to 1994 he was junior professor at the London School of Economics and visiting professor at the State University of Moscow and St. Petersburg (Russia).

See also:10:45 am ‘Diverging Clearing Developments’