Jan Pieter Krahnen is the Scientific Director of the Leibniz Institute for Financial Research SAFE, and a Professor of Finance at Goethe University’s House of Finance. His current research focuses on the design of regulation and supervisory institutions for banks and capital markets. Ongoing work covers impact assessment of regulatory interventions, the role of market discipline in banking and market integrity in capital markets, moral hazard in credit securitization, green finance, and the role of public backstop schemes. His publications appeared, among others, in the Review of Economic Studies, Journal of Financial Intermediation, Journal of Financial Stability, and Experimental Economics. Jan Krahnen is a CEPR research fellow, and was President of the European Finance Association in 2011. Krahnen has been involved in policy advisory work relating to financial market regulation, as a member of the High Level Expert Group on Structural Reforms of the EU Banking Sector (“Liikanen Commission”) in 2012, and as a member of the Issing-Commission, advising the German government on the G-20 meetings from 2008-2012. He was also a member of the Group of Economic Advisors (GEA) at the European Securities and Markets Agency (ESMA), Paris, and currently serves as a member of the Academic Advisory Board of Germany’s Federal Ministry of Finance.