The recent financial crisis has uncovered several weaknesses in Europe's regulatory system. Belatedly, the European Commission has tried to fix these weaknesses with extensive new regulation, including the creation of several new institutions. Simeon Djankov Deputy Prime Minister and Minister of Finance of Bulgaria will in this lecture offer an analysis of the most recent developments as well as a perspective on how the financial sector in Europe, and its regulation, will look like in the coming years.

Simeon Djankov is a Bulgarian economist, who currently serves as Deputy Prime Minister and Minister of Finance in Bulgaria. Prior to his cabinet appointment, Minster Djankov was the chief economist of the finance and private sector vice-presidency of the World Bank. In his fourteen years at the World Bank, he worked on regional trade agreements in North Africa, enterprise restructuring and privatization in transition economies, corporate governance in East Asia, and regulatory reforms around the world. In 1997, he participated in a World Bank enterprise restructuring project in Georgia. Since 2004, after the Rose Revolution, he has visited Georgia frequently and worked with the government on reforming the business environment. He is also known as the creator of the Doing Business series, the top-selling publication of the World Bank Group. Dr Djankov was a principal author of the World Development Report 2002. He holds a PhD in economics from the University of Michigan at Ann Arbor and has published over 70 articles in academic journals, including in the Quarterly Journal of Economics, Journal of Political Economy, American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Economic Growth, Journal of Public Economics and Journal of Comparative Economics. He is ranked among the 100 Most Cited Economists in the world according to IDEAS/RePEc.

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