John Vickers

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This article is about the British economist. For other people with similar names, see John Vickers (disambiguation).
Sir
John Vickers
Born (1958-07-07) 7 July 1958 (age 65)
AwardsKnight Bachelor
Academic background
EducationEastbourne Grammar School
Alma materUniversity of Oxford
ThesisPatent races and market structure (1985)
Doctoral advisorJames Mirrlees
Academic work
DisciplineEconomist
InstitutionsOxford University, London Business School, Princeton University, Harvard University

Sir John Vickers (born 7 July 1958)[1] is a British economist and the Warden of All Souls College, Oxford.

Education

Sir John was educated at Eastbourne Grammar School and Oriel College, Oxford, culminating in his graduating with a DPhil from the University of Oxford.

Career

After a period working in the oil industry, he taught economics at Oxford University and was Drummond Professor of Political Economy from 1991 to 2008. His visiting academic posts have also included the London Business School, the Woodrow Wilson School at Princeton University and the Kennedy School of Government at Harvard University. He was President of the Institute for Fiscal Studies, 2003–2007, and of the Royal Economic Society, 2007–10.

From 1998 to 2000 he was Chief Economist at the Bank of England and a member of the Monetary Policy Committee. From 2000 to 2005 he was Director General/Chairman of the Office of Fair Trading.

Since October 2008, he has been Warden of All Souls College, Oxford.

In June 2010, he became Chair of the UK's newly created Independent Commission on Banking (ICB).[2] The ICB's task is to consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition (in the aftermath of the banking crisis of 2008). The commission made its recommendations to the UK government in September 2011, recommending a number of important measures, namely the introduction of the ring fencing of retail from investment banking, keeping 17-20% of certain assets as "loss-absorbers", using Lloyds branch sale as opportunity to bring in competitor and the implementation of a new system to help customers switch current accounts. The reforms are to be implemented by 2019 at the latest at a cost to the banks of between £4bn-7bn.[3]

In the autumn of 2011, he returned to teaching at Oxford. He currently teaches the first-year undergraduate Introductory Macroeconomics course.

Research and publications

John Vickers has written widely on economic topics. His current research concerns the economics of competition and regulation.[4]

Honours

He was knighted in 2005.

In 2012, he was awarded the President's Medal by the British Academy.[5]

References

  1. ^ "Birthdays". The Guardian. Guardian Media. 7 July 2014. p. 31.
  2. ^ "Sir John Vickers to Chair the Independent Commission on Banking". HM Treasury. 2010-06-16. Retrieved 2011-09-12.
  3. ^ "Banks face major reorganisation". BBC News. BBC. 12 December 2011. Retrieved 12 September 2011.
  4. ^ "Oxford University, Department of Economics | John Vickers". Economics.ox.ac.uk. Archived from the original on 2011-09-26. Retrieved 2011-09-12. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  5. ^ "The British Academy President's Medal". British Academy. Retrieved 23 July 2017.

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