Professor David Llewellyn

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

  • Emeritus Professor of Money and Banking

Expertise: financial regulation; financial institutions and markets; crisis management; shareholder value v. stakeholder value models in finance; theory of banking

Research groups and centres

Publications

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
  • Competitive strategies in the financial system
  • 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