Howard has an extensive background in economics and finance both in the public and private sectors.
Chairman of the United Kingdom ‘s Financial Services Authority (FSA) from 1997 to 2003, he went on to be Director of the London School of Economics until 2011. Under his leadership , the FSA was established as UK’s single financial regulator through the merger of multiple regulators across various financial sectors.
He previously served for two years as Deputy Governor of the Bank of England after three years as Director General of the Confederation of British Industry. Earlier in his career he was seconded to the Treasury as special adviser to the Chancellor of the Exchequer. Among his current roles, he is a member of the China Banking Regulatory Commission and the China Securities Regulatory Commission and chairs the Airports Commission, recently established by the UK Government to look at air traffic development strategy.
Howard Davies was educated at Manchester Grammar School and Merton College, where he took an MA in History and French. In 1979 he was awarded a Harkness Fellowship and in 1980 gained an MSc in Management Science at Stanford Graduate School of Business.
Throughout his career he has written widely for publication, reviewing fiction for the Literary Review and The Times, historical and economics books for the Economist, The Times, the TLS and the Times Higher, among other publications. He writes regularly for the Financial Times. He has lectured extensively at home and overseas and is a regular participant in the World Economic Forum in Davos.
He is a Trustee of the Tate, a member of the governing body of the Royal Academy of Music; Patron of Working Families; and in 2004 was elected to an Honorary Fellowship at Merton College. Since 2003 he has been a member of the International Advisory council of the China Banking Regulatory Commission. In 2004 he joined the board of Morgan Stanley as a non-executive director, and in 2006 joined the Board of Paternoster plc, a new insurance company. In 2009 he became an advisor to the Government Investment Corporation of Singapore.
In 2006 he edited and introduced ‘The Chancellors’ Tales’ (Polity Press) a book on British economic policy from 1975 to 2000. In 2007 he chaired the judges for the Man Booker Prize for fiction. In 2008 he jointly authored ‘Global Financial Regulation: The Essential Guide’ (Polity Press). A new book by Davies and Green on Central Banks and the crisis was published in 2010 by Princeton University Press.
In February 2015 Davies was appointed Chairman of The Royal Bank of Scotland from September 2015. He also published his latest book Can Financial Markets be Controlled? in 2015.