Pedro Duarte Neves is a Affiliated Fellow of the Qatar Centre for Global Banking & Finance at King's Business School.

Pedro is an Adviser for the Board of Directors of Banco de Portugal. He is also the Editor of the quarterly Review of Economic Studies of the Bank. Pedro served as Vice-Governor of Banco de Portugal (June 2006 - September 2017). He joined Banco de Portugal in 1994, having developed his career in the Research Department (January 1994 - July 2014).

Pedro was Vice Chairman of the European Banking Authority for two complete mandates (July 2013 - June 2018). He has chaired committees and technical groups in the scope of the Joint Committee of the ESAs (European Supervisory Authorities), the EBA (European Banking Authority) and the FSB (Financial Stability Board), mainly on financial stability, banking, consumer protection, and financial innovation.

He has also served as Chairman of the Deposit Guarantee Fund, the Portuguese Resolution Fund, the Portuguese National Council of Audit Supervision, and ANACOM (the regulator and supervisor of the communication sector).

Pedro is an applied economist with a focus on macro-prudential policy, central banking, the banking sector, and the real economy. He publishes policy contributions in various EU think tanks (EBI, SUERF, CEPS, among others) and other organizations (Central Banking, OMFIF). He is a Professor of Economics at Católica Lisbon – Business and Economics.

Pedro holds a PhD in Economics from Université Catholique de Louvain. He carried out his doctoral research at University College London, The Institute for Fiscal Studies in London, and the Center for Operations Research and Econometrics in Louvain.

Recent policy contributions

“Stylised facts on the effectiveness of macroprudential policy”, SUERF Policy Note No 319, September 2023

“Climate change risks for financial stability”, OMFIF Sustainability Policy Institute Podcast, 14 March 2023

“The role of central banks in building social capital”, Sustainable Policy Institute Journal, Summer 2022, Spotlight on social: the ‘S’ in ESG, OMFIF, 22 July 2022

“Financial stability outlook: global and European perspectives”, OMFIF Podcast, 16 June 2022

“Stylised facts on debt and financial crisis”, SUERF Policy Note Nº 274, April 2022

Why finalizing Basel III is good for the European banking sector, ECMI/CEPS Policy Brief, 8 June 2021

“The way forward for EU-wide stress tests”, SUERF Policy Brief Nº 62, 1 April 2021

“A second life for EU stress tests: Need for more balanced focus on capital adequacy and profitability”, OMFIF Commentary, Vol.11 Ed.45.1, 2 November 2020

“An Encompassing Forward-Looking Approach to Increase Resilience in the Banking Sector: A second life for EU Stress Tests”, EBI Discussion Paper Series 2020 – No. 1, September 2020