Ugo Bassi is the Director of Banking, Insurance and Financial Crime at FISMA, the European Commission's Directorate‑General for Financial Stability, Financial Services and Capital Markets Union. He is responsible for the safety, soundness and stability of banks, insurance companies, pension funds and investment firms and for the resolution framework of financial institutions and infrastructures in Europe. He’s actively contributing to the implementation of the savings and investments union project (SIU), with a particular focus on the completion of Banking Union. In this context he ensured the adoption of the review of the Crisis Management and Deposit Insurance framework (CMDI).
Lawyer by profession, Ugo Bassi started his career as a ‘référendaire’ at the European Court of Justice. In the last years, he held several management positions and was responsible for various post-crisis measures in the area of financial services and markets. As Director for Financial markets, where he served for 12 years, he worked in particular in the area of Post-trade, Securities, Asset Management, Audit, Accounting, and Credit Rating Agencies. He contributed to the launching of the Capital Markets Union (CMU) project, including the Sustainable Finance component and secured the adoption of many legislative proposals in this context. Among the most recent: the European Single Access Point (ESAP), the review of the European Long-Term Investment Funds Regulation (ELTIFs), the Review of the Alternative Investment Fund Managers Directive (AIFMD), the review of the Markets in Financial Instruments Regulation (MiFIR), the Corporate Sustainability Reporting Directive (CSRD), the review European Market Infrastructure Regulation (EMIR), the Regulation on transparency and integrity of Environmental, Social and Governance (ESG) rating activities, the Listing Act package, the proposal to review the Benchmark Regulation (BMR
He leads the European Commission Delegation in FATF and sits in the Board of Supervisors of EBA, EIOPA and AMLA. He regularly participates to high-level fora and events worldwide, thus contributing to the global outreach activity of the Commission in the area.