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Home > Research > William Francis

William Francis

​​Senior Technical Specialist - Policy, Strategy and Implementation Division

Bill Francis ​Bill’s research is primarily empirical and covers topics on the microeconomics of banking and modelling of financial institution distress.

Bill joined the Bank in 2013 with the formation of the Prudential Regulation Authority.   Previously, he was an economist at the UK Financial Services Authority.   In addition, he has over 15 years of experience in banking supervision with the US Treasury Department and Federal Reserve Board, where he helped develop and advised on off-site monitoring and early warning systems.  He holds a PhD from the University of Illinois, MBA from Syracuse University and BS (Accounting) from Bucknell University.  He is also a US Certified Public Accountant. Bill now works as an economist in the Competition and Impact Assessment Team within the Bank of England’s Prudential Policy Directorate.
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​Selected Bank Publications

Capital requirements and bank behavior in the UK: Are there lessons for international capital standards?
with M Osborne, Journal of Banking and Finance (2012)
On the Behavior and Determinants of Risk-based Capital Ratios: Revisiting the Evidence from UK Banking Institutions
with M Osborne, International Review of Finance (2010)
​Bank Regulation, Capital and Credit Supply: Measuring the Impact of Prudential Standards
with M Osborne, FSA Occasional Paper Series (2009)
Value of Latent Risk and the Decision to Hedge
with S Acharya, Banks and Bank Systems (2007)

​Bank Publications

Date Title

​Bank Underground blog posts

A CAMEL ride: Retracing the history of UK banking through a new historical database
July 2017
Has there been a sea change in the way banks respond to capital requirements?
April 2017