René Smits

René Smits Email and Phone Number

Legal Consultant @ Hoofddorp, NH, NL
Hoofddorp, NH, NL
René Smits's Location
Hoofddorp, North Holland, Netherlands, Netherlands
René Smits's Contact Details

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About René Smits

Professor emeritus of the Law of the Economic and Monetary Union (EMU), University of Amsterdam, consultant on EMU law, EU banking regulation and sustainable finance.I have worked for the central bank and the competition authority of the Netherlands. I worked for De Nederlandsche Bank N.V. (the Dutch central bank) in Amsterdam for 24 years where I was general counsel (1989-2001). In this position, I was responsible for legal advice, with a focus on EU banking directives, the IMF and the preparations for monetary union (the introduction of the single currency). I have also been a member of the Legal Committee of the European System of Central Banks.From late 2001 until early 2014, I worked at the Netherlands Competition Authority (Nederlandse Mededingingautoriteit, or NMa) in The Hague, first as director of the authority’s legal department (2001-2004), then as Chief Legal Counsel (2004-2013), giving legal advice to the NMa’s Board and its departments and, finally, as strategic legal counsel at the Authority Consumers & Markets (ACM), the successor to NMa (2013-2014).From 2013 until 2022, I have been an assessor at the Belgian Competition Authority (BCA). Decisions of the Belgian competition authority are taken by the Competition College, which consists of the BCA Chairman and two assessors.From 2014 until 2024, I have been an alternate member, then a member of the Administrative Board of Review of the ECB, the body entrusted with review of supervisory decisions of the European Central Bank.Member of the Committee on International Monetary Law of the International Law Association (MOCOMILA). Expert at P.R.I.M.E. Finance, a panel for dispute resolution and expert advice in the financial sector.Specialties: law of the Economic and Monetary Union (euro and ECB, economic governance of the Euro Area), EU regulation of the banking industry, central banking issues, competition law, including (harmonisation of) fining guidelines and private enforcement of competition law, and the law of 'targeted sanctions' (financial freezes), sustainable finance. Interested in Islamic finance, climate change and biodiversity loss, interreligious dialogue and animal rights.

René Smits's Current Company Details
RS Law & Society Consulting

Rs Law & Society Consulting

Legal Consultant
Hoofddorp, NH, NL
René Smits Work Experience Details
  • Rs Law & Society Consulting
    Legal Consultant
    Rs Law & Society Consulting
    Hoofddorp, Nh, Nl
  • Self-Employed
    Legal Consultant
    Self-Employed Dec 2024 - Present
    Hoofddorp, The Netherlands, European Union
    Legal and strategic advice on the law of the Economic and Monetary Union (EMU) law, banking regulation, sustainable finance, and financial sanctions. My expertise includes EU and African regulation of the banking industry. Passionate about teaching on these topics. Giving strategic advice and counselling.
  • Rs Law & Society Consulting B.V.
    Director And Owner
    Rs Law & Society Consulting B.V. Sep 2007 - Dec 2024
    Hoofddorp
    Legal and strategic advice on the law of the Economic and Monetary Union (EMU) in the European Union, on legal and strategic aspects of monetary unions, on European and African regulation of the banking industry, on EU financial freezes ('targeted' or 'smart sanctions') and on sustainable finance; teaching about these issues, chairing seminars, and giving strategic advice and counselling.
  • University Of Amsterdam
    Professor Emeritus
    University Of Amsterdam Jan 2019 - Aug 2024
    Amsterdam, The Netherlands, European Union
    Teaching the course on Institutional Aspects of EU Financial and Monetary Law and Regulation in the Master Law & Finance, a joint master of the Law Faculty and the Faculty of Economics. This course introduced the institutions and agencies responsible for monetary policy and banking supervision at the global, transnational (EU) and national level and their accountability, embedded in the rule of law. 'Institutional Aspects' intended to provide insights into (i) the mandate of the European… Show more Teaching the course on Institutional Aspects of EU Financial and Monetary Law and Regulation in the Master Law & Finance, a joint master of the Law Faculty and the Faculty of Economics. This course introduced the institutions and agencies responsible for monetary policy and banking supervision at the global, transnational (EU) and national level and their accountability, embedded in the rule of law. 'Institutional Aspects' intended to provide insights into (i) the mandate of the European Central Bank (monetary policy, aimed at price stability) and the supervisory authorities (prudential supervision, aimed at the safety and soundness of banks and the stability of the financial system); (ii) the legal protection against these authorities; (iii) global prudential rules and their relationship which standards banks face; and (iv) into the relevance of climate change, and biodiversity loss, to the mandates of central banks and supervisors, in this era of transition to a carbon-free economy. Show less
  • University Of Amsterdam
    Professor Of Emu Law
    University Of Amsterdam Jan 2000 - Aug 2020
    Amsterdam
    As part-time professor, I taught the Law of Economic and Monetary Union, i.e. free movement of capital and freedom to effect payments within in the EU and with third countries, economic policy coordination arrangements, including the Excessive Deficit Procedure and the Stability & Growth Pact, the European Central Bank's legal foundations, the public and private law of the euro and the international relations of Europe in the field of monetary and exchange rate policy. Since the beginning of… Show more As part-time professor, I taught the Law of Economic and Monetary Union, i.e. free movement of capital and freedom to effect payments within in the EU and with third countries, economic policy coordination arrangements, including the Excessive Deficit Procedure and the Stability & Growth Pact, the European Central Bank's legal foundations, the public and private law of the euro and the international relations of Europe in the field of monetary and exchange rate policy. Since the beginning of the Master Law & Finance, I teach institutional aspects of monetary policy and banking supervision, i.e. the independence and the (political and judicial) accountability of the European Central Bank under its dual mandates of maintaining price stability and contributing to financial stability (the safety and soundness of credit institutions) in the Euro Area. The role of central banks and supervisors in combating climate change and in contributing to sustainable finance are another central theme in my course. Show less
  • Authority For Consumers & Markets (Formerly: Netherlands Competition Authority)
    Director, Legal Department / Chief Legal Counsel / Strategic Counsel
    Authority For Consumers & Markets (Formerly: Netherlands Competition Authority) Nov 2011 - Mar 2014
    The Hague Area, Netherlands
    I worked at the Netherlands Competition Authority (Nederlandse Mededingingautoriteit, or NMa) in The Hague, first as director of the authority’s legal department (2001-2004), then as Chief Legal Counsel (2004-2013), giving legal advice to the NMa’s Board and its departments and finally as strategic legal counsel, Compliance Officer and Complaints Officer at the Authority Consumers & Markets (Autoriteit Consument & Markt, or ACM), the successor to NMa (2013-2014).
  • De Nederlandsche Bank Nv
    General Counsel
    De Nederlandsche Bank Nv Apr 1989 - Oct 2001
    Amsterdam, North Holland, Netherlands
    Besides responsibility for legal advice on in-house corporate affairs, my work entailed a special focus on central-bank related subjects, such as European Community (Union) banking directives, the International Monetary Fund, and preparations for Economic and Monetary Union (EMU) and the introduction of the euro, both at EU level and domestically. Formulating the legal framework for the ESCB was prime among these tasks. I also worked on the development and application of sanction regimes… Show more Besides responsibility for legal advice on in-house corporate affairs, my work entailed a special focus on central-bank related subjects, such as European Community (Union) banking directives, the International Monetary Fund, and preparations for Economic and Monetary Union (EMU) and the introduction of the euro, both at EU level and domestically. Formulating the legal framework for the ESCB was prime among these tasks. I also worked on the development and application of sanction regimes against third countries and entities. Show less

René Smits Skills

Corporate Law Competition Law European Law Banking French German Public Speaking Dutch European Union English International Relations Finance Economics Legal Advice International Law Policy Strategy Management Public Policy Foreign Languages

René Smits Education Details

Frequently Asked Questions about René Smits

What company does René Smits work for?

René Smits works for Rs Law & Society Consulting

What is René Smits's role at the current company?

René Smits's current role is Legal Consultant.

What is René Smits's email address?

René Smits's email address is rs****@****mits.eu

What is René Smits's direct phone number?

René Smits's direct phone number is +316108*****

What schools did René Smits attend?

René Smits attended Vrije Universiteit Amsterdam, Keizer Karel College, Amstelveen High School, Retreat.

What are some of René Smits's interests?

René Smits has interest in Human Rights, Children, Environment, Poverty Alleviation.

What skills is René Smits known for?

René Smits has skills like Corporate Law, Competition Law, European Law, Banking, French, German, Public Speaking, Dutch, European Union, English, International Relations, Finance.

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