HomeProfessor Dr. René Smits

Expert resume of Professor Dr. René Smits

Professor of the Law of EMU, University of Amsterdam; Consultant on EMU law and banking regulation

Current professional activities

Professor Dr René Smits is a consultant on EMU law, EU banking regulation and financial sector legislation and competition law, a part-time professor of the law of the Economic and Monetary Union (EMU) at the University of Amsterdam. He is an Alternate Member of the Administrative Board of Review (ABoR), the independent review panel for the ECB’s supervisory decisions, and an assessor in the Belgian Competition Authority’s Competition College. He is an Expert on the Panel of Recognized International Market Experts in Finance (P.R.I.M.E. Finance).

Past experience

Professor Smits has been the General Counsel of the Netherlands Central Bank (DNB), where he worked for 24 years. In 2001, he became Head of the Legal Department of the Netherlands Competition Authority (NMa). He has been Chief Legal Counsel to the Board of NMa (2004-2013) and Compliance Officer (2009-2013). Until March 2014, he was Strategic Legal Counsel, Compliance Officer and Complaints Officer at the Authority for Consumers & Markets (ACM), successor to NMa.

Legal writing

Recent academic publications relate to joint overview of state aid by the European Commission and the ECB during the financial crisis; tax deductibility of antitrust fines; Islamic finance and religion’s influence on the law; the joint issue of bonds by Euro Area States; EMU and democratic accountability; bank holding regulation in African jurisdictions. Some titles: