Distinguished alumni
Patricia Jackson
BSc Economics 1974
Non-Executive Director, Atom Bank
Patricia was awarded with a Distinguished Alumni Award in 2016 for her outstanding service to economics and the banking industry.
Patricia started her career at the Bank of England where she had a variety of roles including Head of the Financial Industry and Regulation Division, assessing risks across the financial sector. She led several high profile research studies focusing on stamp duty credit models for banks. Her research on the effects of stamp duty on equity market turnover led to a reduction in the tax from 2% to 0.5%. She represented the UK on the Basel Committee for Banking Supervision for seven years and then took on a leading role in the creation of the new Basel II capital standard.
She has a strong interest in commercial strategy and joined Ernst and Young (EY) in 2004 as a partner to build up the banking risk practice, later moving to become head of EY’s Financial Regulatory Advice business across Europe, Middle East, India and Asia (EMEIA). She was heavily involved in the aftermath of the global financial crisis, chairing a global industry working group for the Institute of International Finance looking into one of the causes of the crisis.
Post-crisis, Patricia has focused on the design of new enhanced governance processes to strengthen financial services firms going forward. She co-wrote and edited a book published by Risk Books on risk culture and effective risk governance, and led the Risk Governance Practice for Ernst and Young across EMEIA. She is currently a strategic adviser to EY and is part of EY’s Global Regulatory Network.
Patricia has held a variety of non-executive board roles including Deputy Chairman of CHAPS, Council Member of SUERF and Trustee of CEPR. She is now on the board of Atom and the BGL insurance intermediary who own Compare the Market.
She is married to Andrew Jackson, a fellow Loughborough graduate who studied Environmental Engineering, and has two daughters. She is interested in the arts and walking in Dorset.