Richard Portes

Professor of Economics, London Business School
President, Centre for Economic Policy Research

An expert on financial regulation, crises, and the interrelationship of national economies.

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Biography

Richard Portes is a distinguished economist celebrated for his global outlook and his penetrating analyses of the financial markets. He is known for his expertise in financial engineering and the exotic and — often toxic — derivatives invented by Wall Street.

Richard is a Professor of Economics at London Business School. He also serves as President of the Centre for Economic Policy Research (CEPR), which he founded in 1983. CEPR is a European network of over 800 Research Fellows and Affiliates who contribute to economic research and policy debates. He is the inaugral holder of the Tommaso Padoa-Schioppa Chair and the European University Institute and Co-Chair of the Board of Economic Policy. From 1978 to 2011, he was also Directeur d'Etudes at the Ecole des Hautes Etudes en Sciences Sociales in Paris.

His writings on the lessons of the current crises and his prescriptions for international financial stability are eagerly anticipated at the many presentations he gives throughout Europe and the US.

Richard’s cutting-edge research on international finance, credit default swap markets, and European integration has influenced a generation of government officials, policy makers, and economists. He was one of the first economists to examine the international ramifications of the single European currency.

His current work on financial derivatives focuses on credit default swaps, which played an important role in the recent financial crisis, and he has argued compellingly for regulation of these markets. His specialties and current research interests include international macroeconomics and finance, macroprudential regulation, European bond markets, international currencies, the Euro, economic crises, financial regulation and the integration of national economies. He has written extensively on globalisation, sovereign borrowing and debt, European monetary issues, European financial markets and international capital flows.

He is a member of the Advisory Scientific Committee of the European Systemic Risk Board (and Co-Chair of the ESRB’s Joint Expert Group on Shadow Banking), which is responsible for the policy framework for macroprudential regulation in the EU. He is also a member of the Steering Committee of the Euro50 Group, and of the Bellagio Group on the International Economy.

During his distinguished career, Richard has taught at Princeton, Harvard, Berkeley, Columbia, Birkbeck College (University of London) and Oxford (of which he is now an Honorary Fellow). He has been Distinguished Global Visiting Professor at the Haas Business School, University of California, Berkeley, and Joel Stern Visiting Professor of International Finance at Columbia Business School. He is an elected Fellow of the Econometric Society and of the British Academy. He holds honorary doctorates from three universities, the most recent being University of Paris-Dauphine. He was the longest serving Secretary-General of the Royal Economic Society (1992–2008) since John Maynard Keynes. Richard is also a regular presenter/contributor on CNBC's 'Squawk Box Europe'.

He was decorated Commander of the British Empire (CBE) in the Queen’s New Year Honours List of 2003.

Credentials

  • Professor of Economics, London Business School
  • Founder and President, Centre for Economic Policy Research
  • Inaugural holder of the Tommaso Padoa-Schioppa Chair at the European University Institute
  • Co-Chair of the Board of Economic Policy
  • Member of the Advisory Scientific Committee to the European Systemic Risk Board (and Co-Chair of the ESRB’s Joint Expert Group on Shadow Banking)
  • Member of Steering Committee of the Euro50 Group
  • Member of Bellagio Group on the International Economy
  • Director of Studies, Ecole des Hautes Etudes en Science Sociales
  • Senior Editor and Co-chairman, Board of Economic Policy
  • Advisory Board of the International Centre for Financial Regulation
  • Fellow, British Academy
  • Fellow of the Econometric Society
  • Honorary Fellow of Balliol College, Oxford
  • Former Secretary-General, Royal Economic Society
  • Commander of the British Empire (CBE)
  • Guggenheim Fellow
  • Rhodes Scholar
  • MA DPhil, Oxford BA, Yale

Topics

Richard tailors each presentation to the needs of his audience and is not limited to the topics we have listed below. These are subjects that have proven valuable to customers in the past and are meant only to suggest his range and interests. Please ask us about any subject that interests you; we are sure that we can accommodate you.

Financial Regulation

The European Financial Crisis

Videos

Loans and the Macro Economic Viewpoint | NPL Meeting

Feedback

A large scale annual event organizer:
Dear Richard — Many thanks for all your help at the event. You did a fantastic job and your presentation was enjoyed by all.

A risk management industry resource association:
Richard — I am writing to thank you very much for your presentation to the panel at the [...].

Judging by the feedback we received, the timely perspectives shared by you and the speakers and panels that followed your presentation were well received by delegates. Several participants made particular note that they appreciated the speakers sharing of real-world experiences and a number noted that they were appreciative of being exposed to opinions and insights of the panel on a variety of themes that they are not exposed to in the general run of their business. Here as promised are the results of the evaluations for your session:

  • Excellent: 69%
  • Good: 31%
  • Fair: 0%

Comments:

  • Good presentation, interesting and informational
  • Brought to focus macroeconomic perspective
  • Interesting and topical
  • Good speaker
  • Practical view of macroeconomic issues – Topical
  • Liked the rehearsed and academic approach
  • Useful scene-setter

Thank you once again. Your enthusiasm and willingness to participate and the contribution you made to the content and discussion made all the difference.