Management Quality (PT)

Carlos Costa has a career with extensive experience in economic research, European integration, banking and financial issues and monetary policy. He joined the Research Department of Banco Português do Atlântico between 1978 and the end of 1985 and directed the Centro de Estudos da Economia Português between 1981 and the end of 1985. Within the scope of European integration, he coordinated the Economic and Financial Affairs Unit of the Portuguese Permanent Representation to the European Union (1986 to 1992), having played a very active role, namely in the negotiations of the so-called Delors I and II packages, in the work and negotiations of the Treaty on Economic and Monetary Union and in the negotiations and presidency of the working groups that established the Single Financial Market. He was an individual member of the “Higher Council for the Reform of the Financial System” (1988 to 1992), which served as the basis for the overall reform of the legislative framework of the Portuguese financial system. He was Head of Cabinet of the European Commissioner between January 1993 and December 1999. From 2004 to 2006 he held the positions of Director of Caixa Geral de Depósitos, Chairman of the Board of Directors of Caixa Geral de Aposentações, Chairman of the Board of Directors of Banco Nacional Ultramarino and Chairman of Banco Caixa Geral, after having been General Manager of Millennium BCP (2000 to 2004) and member of the Board of Directors of the Euro Banking Association (2001 to 2003). He was Vice-President of the European Investment Bank (2006 to 2010). He was Vice-President of the High Level Group Manufuture (European platform for reindustrialization) between 2003 and 2007 and President of the Portuguese platform of Manufuture. He was the 17th Governor of Banco de Portugal between June 2010 and July 2020 and, in that capacity, he chaired the National Council of Financial Supervisors, was a member of the Governing Council of the European Central Bank and of the General Council of the European Systemic Risk Board and Governor, representing Portugal, at the International Monetary Fund.