Hugo Borginho is Director of the Solvency and Risk Analysis Department of the Portuguese Insurance and Pension Funds Supervisory Authority (ASF), with responsibilities in the areas of prudential policy and macroprudential supervision. He holds a Masters degree in Actuarial Management from the Cass Business School of the City University of London, and was awarded the second UK actuarial prize in 2006, sponsored by reinsurer SCOR. He is member of the Advisory Technical Committee of the ESRB, member of the Macroprudential Committee of the IAIS, ASF's senior representative of the Policy Steering Committee and Risks and Financial Stability Steering Committee of the EIOPA and is member of the jury for certification of responsible actuaries in the portuguese insurance market.