This Q&A Section discusses the evolution of Multinational Banking in Europe, focusing on the halt to the integration process that occurred after the recent financial crises. How could institutions learn from the past and revitalize the integration process?
Howard Davies is the Chairman of the Board of Directors of the Royal Bank of Scotland. Howard chaired the British Government’s Airport Policy Review up to July 2015. He was
previously the Director of the London School of Economics and Political Science from 2003 until May 2011. Prior to this appointment he was chairman of the UK Financial Services Authority from 1997 to 2003.
From 1995 to 1997 he was Deputy Governor of the Bank of England, after three years as the Director General of the Confederation of British Industry. Earlier in his career he worked in the Foreign and Commonwealth Office, the Treasury, McKinsey and Co, and as Controller of the Audit Commission.
He was an independent Director of Morgan Stanley Inc. from 2004- 15, and chaired the Risk Committee. He now chairs the Risk Committee at Prudential plc, whose board he joined in 2010. He is a member of the Regulatory and Compliance Advisory Board of Millennium Management LLC, a New York-based hedge fund. He has also been a member of the International Advisory Council of the China Banking Regulatory Commission since 2003 and since 2012 has been Chairman of the International Advisory Council of the China Securities Regulatory Commission.