José Viñals was appointed Group Chairman of Standard Chartered PLC in December 2016, having joined the Group as Chairman designate in October 2016.
José joined Standard Chartered from the International Monetary Fund (IMF), where he was the Financial Counsellor and Director of the Monetary and Capital Markets Department. He was responsible for the oversight and direction of the IMF’s monetary and financial sector work, and he was the IMF’s chief spokesman on financial matters, including global financial stability. José was a member of the Plenary and Steering Committee of the Financial Stability Board for seven years, playing a key role in the reform of international financial regulation.
José began his career as an economist before spending 25 years at the Central Bank of Spain, where he rose to be the Deputy Governor, with responsibility for all areas of the Central Bank, including monetary policy, banking regulation and supervision. José has held many other Board and advisory positions including Chair of Spain’s Deposit Guarantee Fund, Chair of the International Relations Committee at the European Central Bank, member of the Economic and Financial Committee of the European Union, and Chair of the Working Group on Institutional Investors at the Bank for International Settlements.
He has also been a member of the European Central Bank Monetary Policy Committee; and the high-level group appointed by the President of the European Commission to examine economic challenges in the European Union. He was also a board member of the Spanish Securities Authority, the Comisión Nacional del Mercado de Valores.
He holds a Bachelor's degree in Economics from the University of Valencia; a Master’s degree in Economics from the London School of Economics; and Master's and Doctoral (Ph.D.) degrees in Economics from Harvard University. He is a former Faculty Member of the Economics Department at Stanford University. His awards include the Premio Rey Jaime I (King James I Prize) in Economics in 2001.
Trade policy needs an urgent update.
Over the last six months, global financial stability risks increased as a result of the following developments:
We support the introduction of negative policy rates by some central banks given the significant risks we see to the outlook for growth and inflation. Such bold policy action is unprecede...