Portrait of Jonathan Haynes

Jonathan Haynes : Senior Consultant

Jonathan is an expert in the economics of the financial services sector and a senior member of Oxera’s Finance and Valuation team, where he applies his skills in corporate finance, regulation, asset pricing and valuation. He has over 10 years of experience advising governments, regulators and companies, including leading banks, insurers, exchanges and payment service providers, on regulatory, competition and finance issues in the financial services sector. He has expert knowledge of European financial regulation, particularly with respect to payments, financial markets and financial institutions, the banking sector state aid framework, and the current policy landscape.

Before joining Oxera, Jonathan worked at the European Commission, where he played a leading role in designing EU financial regulation in response to the financial crisis. Before this, he worked in the UK Government Economic Service, at HM Treasury and the Committee on Climate Change, on policy issues relating to banking policy, climate change and pensions. Jonathan also spent some time teaching undergraduate corporate finance and valuation at Universitat Pompeu Fabra in Barcelona and conducting research at the Barcelona Center for Banking Studies.

Jonathan speaks English.

Tel: +44 (0) 20 7776 6655

Jonathan's specialisms include:

Selected
professional experience

  • Competition and regulatory advice to an international derivatives exchange group in the context of the FCA market investigation into wholesale financial market data (2020–)

  • Advising the European Commission on its Renewed Sustainable Finance Strategy (2020)

  • Expert to the European Parliament Committee on Economic and Monetary Affairs on technical, regulatory and policy issues in the field of financial stability and quantitative analysis (2020–25)

  • Managing financial analysis on market-to-asset ratios of listed water companies in the context of appeals to the UK Competition and Markets Authority on the PR19 price controls (2020)

  • Managing a study on equity trading markets in Brazil (2020)

  • Managing a study on the design of primary and secondary equity markets in the EU for the European Commission (2019−20)

Qualifications

  • MSc Economics and Finance, Barcelona Graduate School of Economics, Spain

  • CFA Investment Management Certificate

  • BSc Economics, University of Bath, UK

Latest Insights:  Jonathan Haynes

Many financial assets trade away from exchanges in over-the-counter (OTC) markets. The academic literature has highlighted the value of both the OTC and exchange trading models but also notes some…
The decline in European public equity markets has sparked concern from policymakers about how to revive listings. Behind this overall declining trend, there is a notable variation between financial centres.…
Public equity markets bring substantial benefits. However, in recent years there has been a fall in the number of initial public offerings (IPOs), and an increase in delistings as companies…
Retail payments bring together retailers and consumers, and the two-sided nature of this market means that the design of payment methods must reflect the needs of both sides. Today, the…