SpeakerRichard Werner is Professor and Chair in International Banking at the University of Southampton (since 2005), and is founding director of the Centre for Banking, Finance and Sustainable Development. He is a Member of Linacre College, Oxford, Convenor of the Association for Research on Banking and the Economy (ARBE), and member of the ECB Shadow Council. He is also the founding chair of Local First, a community interest company establishing not-for-profit community banks in the UK, starting with the Hampshire Community Bank. Richard previously was a Professor of monetary, macro and development economics at Goethe-University Frankfurt and assistant professor at Sophia University, Tokyo. In 1992, as European Commission Fellow at Oxford, Richard integrated the banking system in a macroeconomic model able to distinguish between the impact of bank credit on asset markets and economic growth (the 'Quantity Theory of Disaggregated Credit'), and warned of the coming banking crisis and deep recession in Japan. In 1995 he advanced a post-banking crisis monetary policy to stimulate the economy, which he called 'Quantitative Easing' (followed in 1998 by 'Enhanced Debt Management'). In 2003 he warned of the credit-driven asset bubbles and crises in the eurozone. Richard has published in journals and in books.