School of Business and Economics

Our staff

Professor David Llewellyn BSc Econ (London School of Economics), D,Univ (Hon), FCIB, FRSA

Photo of Professor David Llewellyn

Emeritus Professor of Money & Banking

Financial Regulation; Financial Institutions and Markets; Crisis Management; Shareholder Value v. Stakeholder Value Models in Finance; Theory of Banking

Module Organiser:

ECB015 : Economics of the Financial System (Semester 1) 
ECP254 : Banking & Financial Markets
BSP430 : Global Financial Markets and the Financial Crisis

Professor Llewellyn has until recently been Chairman of the Board of the Banking Stakeholder Group at the European Banking Authority (EBA). He has published widely in the area of financial regulation, acted as a consultant to regulatory agencies in several countries and was a Public Interest Director of the Personal Investment Authority – a predecessor of the Financial Services Authority.

Professor David Llewellyn was awarded an honorary doctorate (Doctor of the University) in recognition of outstanding contribution to banking regulation in both the UK and internationally and his contribution to high-quality teaching at Loughborough University.

Research Interests:

Analysis of the theory and practice of financial institutions and markets, business models in financial firms, financial crises, financial regulations, culture and ethics in financial institutions, and competitive strategies in the financial system.

Key Publications:

The Economic Rationale of Financial Regulation, Occasional Paper No. 1, Financial Services Authority, London, pp 1-57, March 1999

Investigating Diversity in European Banking: The Role of Cooperative Banks, with R Ayadi and Reinhard Schmidt, Centre for European Policy Studies, Brussels, 2010

Financial Innovation in Retail and Corporate Banking, ed. with Luisa Anderloni and Reinhard Schmidt, Edward Elgar, 2009

The Global Banking Crisis and the Post Crisis Banking and Regulatory Scenario, Topics in Corporate Finance, Amsterdam Centre for Corporate Finance, University of Amsterdam, 2010

'Alternative Approaches to Regulation and Corporate Governance in Financial Firms' in R. Brealey et al.Financial Stability and Central Banks, Routledge, London, 2001, pp. 107-143.

“Competition and Profitability in UK Banking: Why are British Banks so Profitable?”,Economic Notes, vol 34, No. 3, pp 279-311.

“Reforming the culture of banking: restoring trust and confidence in banking”, Journal of Financial Management, Markets and Institutions, 2016

Virtuous Banking: Placing Ethos and Purpose at the Heart of Finance, ResPublica, London, 2014