Credit Risk Consortium Member

David Llewellyn, Professor of Money and Banking
Loughborough University

David Llewellyn is Professor of Money and Banking at Loughborough University, Honorary Visiting Professor at the CASS Business School in London, Visiting Professor at the Swiss Finance Institute in Zurich, and Visiting Professor at the Vienna University of Economics and Business Administration. He is also Consultant Economist to Butlers ICAP, Plc. Recently, David’s been working with several central banks on aspects of the global financial crisis and Resolution strategies.

Previous career appointments include serving as an economist at Unilever (Rotterdam), HM Treasury (London), and the International Monetary Fund (Washington). Between 1994 and 2002 he was a Public Interest Director of the Personal Investment Authority (the UK regulator of retail financial services until it was superseded by the FSA). He serves as a consultant to financial firms, management consultancy firms, and regulatory agencies in several countries including South Africa where, in 2004, he was appointed by the Minister of Finance to be a member of a Task Group to investigate competition in the South African Banking industry.  He has been a consultant to the World Bank and the International Monetary Fund, and is currently a member of an IMF international advisory committee on governance in supervisory agencies.

He is a member of the Advisory Board of the European Banking Report for the Italian Bankers Association. Since 2004, he has been a member of the Banking Panel of Bank Indonesia. In 2004 he was a consultant to HM Treasury on governance in life mutuals (Myners Report), and was a member of the PricewaterhouseCoopers team investigating the macro economic impacts of the Basel II Accord for the European Commission. In 2005 and 2006 he was a member of the IESE Business School Team commissioned by the EU Commission to investigate the retail banking industry in EU countries.  He is a member of the Council of Management of SUERF-The European Money and Finance Forum (a network association of bankers, central bankers and academics), and was President between 2000 and 2006.

He has written extensively on the analysis of banking and financial markets and their regulation. Books include: Financial Regulation: Why, How and Where Now? (with Charles Goodhart and others), The Economic Rationale of Financial Regulation (FSA Occasional Paper No. 1), Surveys in Monetary Economics, Vols. 1 and 2 (with Chris Green), The New Economics of Banking, (SUERF Study, No. 6), and Islamic Banking and Finance (with M. Iqbal). He has also written extensively in journals and in conference proceedings including: Prompt Corrective Action: Ten Years On, and Market Discipline in Banking: Theory and Practice both edited by George Kaufman.