Jan Pieter Krahnen is a Professor of Finance at Goethe University’s House of Finance. He is a Director at the Center for Financial Studies (CFS) and the Research Center SAFE. His current research focuses on the interaction of banks and markets, addressing interbank markets, securities trading, and loan securitisation. His publications appeared, among others, in the Review of Economic Studies, Journal of Financial Intermediation, Journal of Financial Regulation, and Experimental Economics. Krahnen is a CEPR Research Fellow, and was President of the European Finance Association in 2011. Krahnen has been involved in policy advisory on issues of financial market regulation, most recently as a member of the High Level Expert Group on Structural Reforms of the EU Banking Sector (“Liikanen Commission”), implemented by EU Commissioner Michel Barnier. From 2008 until 2012 he was a member of the Issing-Commission, advising the German government on the G-20 meetings. He was also a member of the Group of Economic Advisors (GEA) at the European Securities and Markets Agency (ESMA), Paris until 2016. Currently, he serves as a member of the Academic Advisory Board of Germany’s Federal Ministry of Finance. More policy briefs and opinion pieces: http://safe-frankfurt.de/en/policy-center/policy-publications.html