Mara Pirovano

Mara Pirovano

Mara Pirovano - Analyst

For me, working at the Bank represents a way to give a contribution to society by providing an analytical and scientific underpinning to macro-prudential policy decisions.

Having left Italy as a young undergraduate, I landed in Belgium to pursue my economics studies. After an internship period in the Bank’s Economics and Research Department during my doctoral years, I recently joined the Prudential Policy and Financial Stability Division. I was looking for a dynamic and policy oriented environment, and my hopes were definitely not disappointed.

Thanks to the appointment of the Bank as the macro-prudential authority in Belgium and to the setting-up of the Single Supervisory Mechanism (SSM), my Division has been involved in a variety of activities, including, among others, asset quality reviews, stress testing, design and implementation of macro-prudential policies on top of the usual activities related to supervision of the banking and insurance sector.

I am a member of the Macro-Prudential Surveillance team, involved with the monitoring of the Belgian financial sector from a macroeconomic perspective, to spot the emergence of systemic risks with potential impact on the real economy. So far, I focussed mainly on risks stemming from the real estate sector, both from an operational and a more research oriented perspective. I enjoy my work because it requires being up to speed with the latest economic events and it involves a variety of skills: precision, technical analysis and personal initiative. For me, working at the Bank represents a way to give a contribution to the society by providing an analytical and scientific underpinning to policy decisions in the sphere of macro-prudential policy. Furthermore, the importance of our work goes beyond borders, since the Bank cooperates with a variety of international institutions such as the European Banking Authority, the European Systemic Risk Board and the ECB. Representatives of the Bank participate in many international working groups, involved in analytical and policy work at the European level. For those who, like me, are interested in the international dimension of macroeconomic policy and financial stability, these experiences offer a great chance to meet people from every corner of Europe and to broaden the horizons of policy analysis to cross-border cooperation.

Within the walls of the Bank, there is always something to learn. Whether it is from your colleagues, or thanks to the (many!) training courses, seminars, conferences and evening classes, the possibilities to improve knowledge and acquire now skills are manifold. Certainly, this is a great advantage in these times of great changes in the economic environment.