Since 2016 he has pursued a portfolio career including as Chair, London Bullion Market Association; Non-executive Director at UK Debt Management Office; consultancy and technical assistance for central banks and the IMF. He has a number of academic affiliations including Visiting Professor, at LIBF and at University of Richmond, London; Fellow, Cambridge Institute for Sustainability Leadership; Senior Research Fellow, King’s College Business School.
He writes about various aspects of central banking and financial markets and spends a considerable amount of personal time working on the interactions of climate change and the financial sector. That has included serving on the EU High-Level Experts Group on Sustainable Finance and the UK Green Finance Task Force, both in 2017/18.
PhD, Macroeconomic Models, University of Warwick: 1983 – 1990. MSc, Economics (spec Econometrics), University of Bristol: 1980 – 1983. BA, Economics with Statistics, University of Bristol: 1977 – 1980.
London Bullion Market Association, Chair: 2016 – present. The London Institute of Banking & Finance, Visiting Professor: 2019 – present.
The Green Finance Institute, Member of Green Finance Institute Advisory Group: 2018 – present.
King's Business School, Senior Research Fellow: 2018 – present. Cambridge Institute for Sustainability Leadership (CISL), Fellow: 2016 – present.
UK Debt Management Office, Non-executive Director: 2016 – present. PGFPolicy Ltd, Principal: 2016 – present.
Oliver Wyman/ Systemic Policy Partnership, Associate: 2016 – present.
Richmond The American International University in London, Visiting Professor: 2012 – present. UK Green Finance Task Force, Member: 2017 – 2018.
EU High-Level Experts Group on Sustainable Finance, Member: 2017 – 2018.
The London Institute of Banking & Finance, Chair Board of Trustees: 2011 – 2017. Bank of England, Executive Director: 2009 – 2016.
Bank of England, Head of Division: 1995 – 2009. Bank of England, Economist: 1990 – 1995. University of Warwick, Research Associate: 1980 – 1990.
Central Banking, Climate, Policy, Economics.
Recent publications: ‘What happens when nobody is watching: regulation, bank risk culture and achieving environmental sustainability.
Chapter 3 in Banking on Change, Taafe (ed), Wiley, pp27-42, (2019). With Kern Alexander. ‘Climate Change: The Role for Central Banks’
, King’s College Business School, DAFM Research Centre.
Working Paper 2019/6. (2019) With Kern Alexander. Link: Working Paper 2019/6. ‘Banking Regulation and Sustainability’. Chapter 1 in Sustainability and Financial Markets, F-J Beekhoven van den Boezen, C Jansen and B Schuijling (eds), Wolters Kluwer, pp7-33, (2019). With Kern Alexander.
‘Can central bank balance sheets be used as a macro-prudential tool?’
King’s College Business School, DAFM Research Centre. Working Paper 2018/6. (2018) With Andrew Hughes Hallett. Link: Working Paper 2018/6 Financial Sector Assessment Program for the Euro Area, Note on Systemic Liquidity Management, IMF, Washington, July (2018). With Diarmuid Murphy. FSAP paper on Systemic Liquidity Provision in the Euro Area ‘Competition and Prudential Regulation’
. Bank of England Staff Working Paper 675. (2017)
. With P Grout.