Dr Christopher Payne A.C.A.

chrisxpayne@gmail.com

DoB: March 13th, 1973, British and American dual citizen

Villa 18, Dina Complex, Gulf Road, Al Bidaa, Kuwait

+965 9726 1138

I have an interdisciplinary background in sociology, economics, finance, accounting and anthropology.

My research agenda aims to bring this background to bear on critical policy issues facing the world today:

from the political economy of financial crises and banking regulation, to the role that consumerism and

affluence plays in the global obesity epidemic.

Employment History

2014 – present: Kuwait Institute of Banking Studies, Kuwait City. Head of Research

Authored a number of studies on macro-economic issues and on topics relevant to the banking

sector in Kuwait; including the impact of Basel III on Kuwaiti banks; the development of retail

banking in Kuwait and the current state of competition; the drivers of long-term profitability of

the Kuwaiti banks; the impact of oil price declines on the Kuwaiti economy; and the outlook for

the Kuwaiti real estate market.

Taught various courses in accounting, finance, banking and financial analysis

Managed Consultancy and Research Department of the IBS

Member of IBS executive management team

2010 - 2014: Bloomberg L.P., Washington, D.C., Senior Economist

Authored several studies on the economic and business impact of U.S. and international financial

regulations on the largest U.S. banks

Authored several studies on U.S. fiscal and monetary policy

Regular presentations covering research findings

Several meetings on Capitol Hill in both Senate and Congressional offices to discuss the

implications of Dodd-Frank regulations; and on-going budget/fiscal negotiations

Expert testimony to the European Parliament on Transatlantic Trade and Investment Partnership

negotiations, vis-à-vis financial regulation (March 18, 2014)

Regular appearances on Bloomberg TV and other media

Managed small team of research assistants

2000 - 2005: JP Morgan Securities, London, Vice President

Head of Korea and Taiwan equity sales for U.K. and continental Europe

Special responsibility for sales coverage of Asian technology stocks

Managed sales and distribution process for several public offerings of global depository receipts

of Korean and Taiwanese corporates

Regular trips to Korea and Taiwan to meet corporates

1997 - 2000: F&C Asset Management, London, Fund Manager

Managed in excess of $1 billion equity investments in Korea and Taiwan

Part of ‘Asia desk’ coverage investments in the whole region

Regular marketing to potential investors

Regular trips to Korea and Taiwan, Hong Kong, China and Singapore to meet corporates

1994 - 1997: PriceWaterhouseCoopers, London, Assistant Manager

Conducted year-end and interim audits of major FTSE 100 companies, as well as SMEs and

charities

Part of teams conducting due diligence work related to corporate finance activity

Secondment to forensic accounting department

Academic Roles

2012 - 2013: Jagiellonian University, Krakow, Poland, Visiting Professor, Institute of Economics.

Lecture courses given on the History of Economic Thought and Financial and Exchange Crises

2011 - 2012: Krakow University of Economics, Krakow, Poland, Lecturer, School of International

Business and Economics. Lecture course given on the History of Financial Crises

2009 - 2010: Duke University, North Carolina, U.S.A., Research Fellow, Center for the History of

Political Economy, Faculty of Economics

2007 - 2009: London School of Economics and Political Science, Graduate Teaching Assistant,

Department of Economic History

Professional Qualifications

1998 - 1999: Associate of the Institute of Investment Management and Research

Exams in portfolio management, securities and investment, regulation, accounting, economics and

statistics (U.K equivalent of CFA qualification)

1997: Investment Management Certificate

Regulatory qualification required to conduct investment business in the U.K.

1994 - 1997: Associate of the Institute of Chartered Accountants of England and Wales

Professional exams in financial and management accounting, audit, securities and investment, business

planning and strategy, taxation, management, economics and law, taken whilst a trainee chartered

accountant at Price Waterhouse

Education

2006 - 2010: London School of Economics and Political Science: Ph.D., Dept. of Sociology: Thesis Title:

“The Consumer, Credit and Debt: Governing the British Economy”, pass with no revisions

2005 - 2006: London School of Economics and Political Science: MSc in Sociology, Distinction

1991 - 1994: Pembroke College, Cambridge University: BA in Social Anthropology, 1st Class

Honours and other roles

2011 -: Peer reviewer for submissions to the Journal of the History of Political Economy

2009 -: Peer reviewer for submissions to the Journal of the History of Economic Thought

2009 -: The Warren J. and Sylvia J. Samuels Young Scholars Award in the History of Economics

1994 -: Pembroke College, Cambridge Prize and Foundation Scholarship

Selected academic publications and papers:

The Economists’ Diet: How to Lose Weight in the Age of Abundance

I am currently working with a literary agent in New York, developing a manuscript and book

proposal. The book, inspired by institutionalist economists, such as Thorstein Veblen, JK

Galbraith and Tibor Skitovsky, examines how affluence and corporate incentives fuel the obesity

epidemic in richer nations around the world. Using ideas from a broad spectrum of writers,

ranging from behavioral economics, anthropology and philosophy, the book aims to provide

readers with advice on how to lose weight and keep it off.

The Consumer, Credit and Neoliberalism: Governing the Modern Economy, Oxford: Routledge,

2012

This book examines how the figure of the consumer in economic thought came to be identified as

central to the government of the economy in contemporary Britain. The first half of the book

analyses the neoliberal understanding of the consumer as it emerged in the theories of Friedrich

Hayek and Milton Friedman and the think tanks of the New Right from the 1940s to the 1970s.

The second half of the book analyses the practice of government in relation to monetary and

banking policy after 1979; and how reforms in the financial sector facilitated increased consumer

and household access to credit.

“The Dangers of Title XI of the Dodd-Frank Act: How the Fed’s Lender-of-last-resort powers

have been reduced even while parts of the financial system remain under-regulated”,

Paper presented to European Association of European Political Economy 2012 Conference,

October 2012

“Neoliberalism and the consumer”, Paper presented at the European Society for the History of

Economic Theory, Amsterdam, March 2010

“The Mentality of Thatcherite Rule: Monetary Policy in the 1980s”, Paper presented at the

Summer Institute for the History of Economics, University of Richmond, Virginia, USA, June

2009

“The Credit Crunch as a Crisis of Neo-liberal Governmentality”, Paper presented at Goldsmiths

College, University of London, Economic Sociology workshop, January 2009

Selected non-academic publications

“Quantifying the Impact of Basel III Capital Standards on Kuwaiti Banks”, Kuwait Institute of

Banking Studies Study, March 2016

“Ideas for Enhancing Retail Banking in Kuwait”, Kuwait Institute of Banking Studies Study,

January 2016

“Real Estate Risk for Kuwaiti Banks”, Kuwait Institute of Banking Studies Study, October 2015

“Explaining Long-Term Trends in Kuwaiti Banks Profitability”, Kuwait Institute of Banking

Studies Study, June 2015

“What is the Impact of Lower Oil Prices in Kuwait and on the Kuwaiti Banks”, Kuwait Institute

of Banking Studies Study, April 2015

“T-TIP Financial Regulations a Hard Nut to Crack”, Bloomberg Government Study, February

2014

“Volcker Rule - Winter of Bank Discontent?”, Bloomberg Government Study, January 2014

“Bitcoin: Bubble Trouble or Here to Stay?”, Bloomberg Government Study, December, 2013

“Big Banks List Concerns Over Basel Leverage Ratio”, Bloomberg Government Study,

November 2013

“SEC Weights Options to Bolster Money Market Funds”, Bloomberg Government Study,

September 2013

“U.S. and EU Differ on Financial Restructuring”, Bloomberg Government Study, August 2013

“Proposed Leverage Ratios Would Boost Bank Capital”, Bloomberg Government Study, July

2013

“Brown-Vitter Bank Break-Up Would Disrupt Economy”, Bloomberg Government Study, July

2013

“Improved Debt Outlook Leaves Much to Worry About”, Bloomberg Government Study, June

2013

“Big Banks Keep Grip on Funding Edge”, Bloomberg Government Study, June 2014

“Basel Capital Rules May Put Biggest Insurers at Competitive Disadvantage”, Bloomberg

Government Study, April 2013

“4% Economic Growth Offers Intriguing Reality Test”, Bloomberg Government Study, March

2013

“Counterparty Credit Exposure Limits May Shrink Largest Banks” Derivatives Activities”,

Bloomberg Government Study, January 2013

“Implications of Federal Deficit Reduction: $4 trillion is not enough”, Bloomberg Government

Study, December 2012, co-authored with Robert Litan

“Capital Buffer for Money Market Funds Not as Costly as Predicted”, Bloomberg Government

Study, September 2012

“What Really Caused the Mounting Federal Deficit”, Bloomberg Government Study, August

2012

“Dodd-Frank Reduces Fed’s Powers: Similar Risks, Fewer Options”, Bloomberg Government

Study, July 2012

“What Happens to the U.S. Debt Outlook if the CBO Forecasts are Wrong”, Bloomberg

Government Study, December 2012

“How Banks May Respond to Higher Capital Requirements”, Bloomberg Government Study,

September 2011

“Beyond QE2: Inflation, Deflation or Financial Repression”, Bloomberg Government Study, July

2011

“Cutting the Deficit: Painful Choices”, Bloomberg Government Study, March 2011

“Rationale and Costs of a Higher Deposit Insurance Reserve”, Bloomberg Government Study,

February 2011