SAFE Deputy Scientific Director Loriana Pelizzon and SAFE Department Director for Macro Finance Karsten Müller have both been appointed to the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB). The appointments were announced following the 63rd General Board meeting of the ESRB on 1 October 2026.
The ASC provides independent scientific advice and analysis to the ESRB on issues related to macroprudential policy and financial stability. Bringing together leading experts from across Europe, the committee contributes to the identification and assessment of systemic risks within the European financial system.
Pelizzon and Müller bring distinct expertise to the Advisory Scientific Committee
Loriana Pelizzon is Deputy Scientific Director, Department Director of "Financial Markets" and Coordinator of Gender Equality at the Leibniz Institute for Financial Research SAFE as well as Full Professor at Goethe University Frankfurt, Chair of Law and Finance. As leading expert in financial markets, sovereign debt, and financial stability, she has long contributed to European macroprudential policymaking and has previously served as Chair of the ESRB's ASC.
Karsten Müller leads SAFEs Macro Finance Department and is Professor of Macro Finance at Goethe University Frankfurt. In his research, he focuses on the intersection of finance, macroeconomics, political economy, and the real effects of social media with an emphasis on the creation of new datasets.
The appointments recognize their outstanding academic contributions and expertise in financial stability and systemic risk. As members of the ASC, Müller and Pelizzon will help strengthen the scientific foundations of macroprudential policymaking in Europe and contribute to the ESRB’s mission of safeguarding financial stability. Pelizzon's term will begin in November 2026, while Müller's term will begin in May 2027. Both have been appointed for a four-year term on the committee.
