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16 September 2011 | PR 11/111

Loughborough Professor appointed as Specialist Adviser on Financial Services Bill

Alistair Milne, Professor of Financial Economics at Loughborough University, will be advising Parliament on the Financial Services Bill – proposed new legislation that will transform financial regulation in the UK. 

He has been appointed as one of two Specialist Advisers to the Joint Committee responsible for scrutinising the Bill, which will break up the Financial Services Authority and transfer responsibility for prudential supervision back to the Bank of England.

The Committee is expected to publish its report in December. 

Professor Milne (who joined Loughborough University’s School of Business and Economics in July this year) has become a regular, and highly sought after, commentator on financial issues. 

A former reader in Banking and Finance at Cass Business School, he is the author of “The Fall of the House of Credit” – a comprehensive account of the global financial crisis.  He has acted as a consultant to the Financial Services Authority, the European Commission, and to several private sector institutions and trade bodies, and held positions at HM Treasury and the national statistics office of Malawi.

His appointment as Specialist Adviser provides further evidence of the expertise and international influence of academic staff within the School of Business and Economics.  Fellow Economics Professor David Llewellyn was elected as Vice Chairman of the Board of the Banking Stakeholder Group at the European Banking Authority (EBA) earlier this year.

−ENDS−

For all media enquiries contact:

Jon Duckworth
Marketing Assistant
School of Business and Economics
Loughborough University
T: 01509 228849 (Tue, Wed, Fri); 228679 (Mon); 223491 (Thur)
E: J.R.Duckworth@lboro.ac.uk 

Notes for editors:

Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines.

It was awarded the coveted Sunday Times University of the Year 2008-09 title, and is consistently ranked in the top twenty of UK universities in national newspaper league tables. In the 2010 National Student Survey, Loughborough was voted one of the top universities in the UK, and has topped the Times Higher Education league for the UK’s Best Student Experience every year since the poll's inception in 2006. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes.

Loughborough is also the UK’s premier university for sport. It has perhaps the best integrated sports development environment in the world and is home to some of the country’s leading coaches, sports scientists and support staff. It also has the country’s largest concentration of world-class training facilities across a wide range of sports.

It is a member of the 1994 Group of 19 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.

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