Professor Richard Harris, Head of Economics, Finance and Accounting at Durham University Business School, has been appointed as specialist adviser to the Parliamentary Commission on Banking Standards.
The Commission was launched in July 2012 in the wake of the LIBOR-fixing scandal. It has been tasked with reporting on the professional standards and culture of the UK banking industry and to make recommendations for improved corporate governance and greater transparency in the sector. It is also scrutinising the Government’s draft Banking Reform Bill which contains proposals to ring-fence retail banking from wholesale and investment banking.
Professor Harris has considerable experience as an expert adviser in the fields of economic and financial public policy. This includes work as an external adviser on trade development activities for UK Trade & Investment and acting as a member of the BIS/Foresight Lead Expert Group, which is currently compiling a report on the future of manufacturing in the UK. He has produced extensive research comprising over 130 published articles, book chapters and books.
On the appointment, Professor Harris, said: “Banking and finance play a very important role in the UK. Therefore it is important for us to understand better how the sector impacts on the wider economy, and what lessons can be learned that may lead to improvements leading to higher economic growth and wider prosperity. I’m very proud to be able to contribute to this vital work.”
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About Durham University Business School
Durham University Business School is part of Durham University, one of the oldest established universities in the UK and is one of an elite group of business schools in the UK to hold triple accreditation: AACSB (Association to Advance Collegiate Schools of Business), AMBA (Association of MBAs) and EQUIS (European Quality Improvement System).
The School attracts considerable levels of external research funding and enjoys extensive links within both the business and academic worlds.
The School is an internationally renowned research-led institution with a network of over 12,000 alumni from more than 100 countries.
For more information on Durham University Business School visit: www.dur.ac.uk/business