Thomas Ribarits holds a PhD degree in system theory and time series analysis and has spent 5 years in Academia at TU Wien and as post-doc at several European universities. In 2005 he joined the European Investment Bank (EIB) within Risk Management where he worked for some 6 years in the area of Asset Liability Management, loan pricing, interest rate risk reporting and performance measurement. In 2011, Thomas was advising and supporting the EFSF (European Financial Stability Facility), implementing a pricing model for programme loans to Ireland and Portugal at the time. He then became in charge of the pricing unit in the Credit Risk Department of EIB, covering a. o. credit risk pricing (EL and UL), loan loss reserves, watch listing and economic capital. Since 2013 he is heading the Financial Engineering and Advisory Services Division in the Treasury Department of EIB. Thomas has led research projects with University College Cork in the area of interest rate modeling and with Manchester University in the area of Economic Capital Modeling for credit risk and acted as presenter at numerous conferences, both in the academic sphere and as expert speaker at professional risk and finance conferences.