Josef Tosovsky
Chairman
Financial Stability Institute

Mr Josef Tosovsky graduated from the University of Economics, Prague. After completing his studies in 1973, he was employed by the State Bank of Czechoslovakia, where he held a number of posts. In 1989, he was appointed Governor of the State Bank of Czechoslovakia. Following the split of the Czech and Slovak Federal Republic and the establishment of the Czech National Bank, he was appointed Governor of the Czech National Bank in 1993.

In 1997, in response to the political crisis, Mr Tosovsky was appointed Prime Minister of the Czech Government. In 1998, Mr Tosovsky was reappointed as the Czech National Bank Governor.

Mr Tosovsky stepped down as the Governor of the Czech National Bank in 2000. Since then he has been Chairman of the Financial Stability Institute at the Bank for International Settlements in Basel, Switzerland.

Mr Tosovsky is an associate professor of the University of Economics, Prague. He has published various articles and presentations and lectured at conferences in the Czech Republic and abroad. Awards include: Central Banker of the Year (1993), European Manager of the Year (European Business Press Federation, 1994), the Karel Engli_ Prize for Economics at Masaryk University in Brno (1994), European Banker of the Year (Group 20+1, 1996) and the EastWest Institute Award for Leadership in Transition (2001), Honorary doctorate - Mendelova Universita Brno, 2002.