Antoine Lallour

Digital Assets Expert in DG Market Operations (Senior Management Team)
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Antoine Lallour is Digital Assets Expert in DG Market Operations (Senior Management Team) at the European Central Bank, a position he has held since December 2025, based in Frankfurt, Germany. In this role he sits within the senior management team of the ECB's market operations directorate general, focused on digital assets.

His work on digital assets and financial innovation spans over a decade. At the Bank of England, where he worked from February 2018 to December 2021, he contributed to the Bank's work on issuing a digital pound, the Bank's response to proposed private sector digital currencies including stablecoins, the Basel Committee's framework for cryptoassets, and the UK regulatory response to banks taking cryptoasset exposures. From July 2020 he acted as Senior Manager for Innovation and Regulatory Perimeter, a team he set up and led. Earlier at the Bank of England, in the Prudential Policy Directorate and Sterling Markets Division, he led analysis on banks' exposures to cryptoassets, stablecoin issuance, asset encumbrance, and Risk-Free-Rate transition away from LIBOR. He also co-authored a 2016 Bank of England working paper, "Do we need a stable funding ratio? Banks' funding in the global financial crisis," with Hitoshi Mio. His stated areas of expertise include risk management, financial markets, regulation, and technology, with a focus on advising on complex systems affected by structural change, including banking prudential regulation reform, LIBOR transition, prudential rules on cryptoassets, and preparation for new forms of digital money. His total recorded professional experience spans approximately ten years. No educational background is referenced in the available source material.

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Thomas Vlassopoulos

Deputy Director General Market Infrastructure and Payments

Thomas Vlassopoulos is Director General Market Infrastructure and Payments at the European Central Bank, appointed to the role in June 2025. The Directorate General oversees and coordinates the operation and development of payment systems and market infrastructure, and leads the digital euro project. He replaces Ulrich Bindseil, who left the ECB.

Prior to this appointment, Vlassopoulos served as Deputy Director General Market Operations from May 2021. Before that, he headed the Monetary Analysis Division within the Directorate General Monetary Policy from 2018 to 2021, and served as Deputy Head of the Systemic Risk and Financial Institutions Division within the Directorate General Macroprudential Policy and Financial Stability from 2017 to 2018. He held Principal Economist positions in the Monetary Analysis Division and the Monetary Policy Strategy Division between 2012 and 2017, and worked as an Economist in the Monetary Policy Stance Division from 2008 to 2012. He joined the ECB in 2007 as an ESCB/IO Expert in the Monetary Policy Stance Division. Prior to the ECB, he was an Economist at the Economic Research Department of the Bank of Greece from 2004 to 2006. He is a member of the Editorial Board of the ECB Occasional Paper Series. His research has addressed monetary policy transmission and its interaction with financial stability. He holds an MSc in Economics from the London School of Economics and Political Science, awarded in 1998.

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