Kern Alexander holds the Professorial Chair in Law and Finance at the University of Zurich. Prof. Alexander is an internationally recognised expert in European Union and British banking and securities regulation. He is also widely known as an authority on international economic and financial law with particular focus on the Basel Capital Accord, the WTO GATS and financial sanctions. He has authored several studies on banking regulation and environmental sustainability published by the United Nations and Cambridge University.
He is the author of numerous research articles and several books. His articles have been published in the Journal of International Economic Law, European Law Review, European Business Organisation Review and the Journal of Corporate Law Studies. He is co-author with Rahul Dhumale and John Eatwell of 'Global Governance of Financial Systems: the International Regulation of Systemic Risk' (Oxford University Press, 2005), which identified weaknesses in bank capital regulation and systemic risk in the derivatives markets before the 2007/2008 financial crisis. He is also the author of Economic Sanctions-Law and Public Policy (Macmillan, 2009) analysing the governance and regulatory aspects of financial sanctions and furthermore co-authored Market Abuse and Insider Dealing (Bloomsbury, 2009, 2nd ed., 3rd ed. 2015) investigating market abuse and its regulation in the UK and EU.
In addition to academic publications, he has co-authored major reports commissioned by the European Parliament including 'Financial Supervision and Crisis Management in the EU' (2007), 'Clearing and Settlement in the EU' (2009), and ‘Crisis Management, Resolution Regimes, and Solidarity Mechanisms in the EU’ (2010). He has given oral and written evidence to the House of Commons Treasury Committee, the House of Lords Select Committee on Economic Affairs and the House of Lords Committee on Europe. He has also advised the European Parliament Committee on Economic and Monetary Affairs on topics including EU and UK banking and financial law and regulation. His academic publications and public policy reports have been extensively cited by the British Parliament and the European Parliament.
Prof. Alexander also served as Specialist Adviser to the British Parliament's Joint Select Committee on the Financial Services Act 2012 and a Member of the Expert Panel on Financial Services of the European Parliament (2009-14). He is also an expert witness for the UK Serious Fraud Office on the Libor rate manipulation investigation.
He has advised central banks and governments on monetary policy law and financial regulation. In 2010, he advised the European Parliament (EP) on the creation of the European Supervisory Authorities and the European Systemic Risk Board. In January 2012, he presented a report to the European Parliament's Committee on Economic and Monetary Affairs critically analysing the implementation of the EU's bank remuneration rules. In addition, his commissioned report for the European Parliament, entitled ‘An Orderly Restructuring of Sovereign Debt in the European Union’, (September 2010) proposed the use of collective action clauses (CACs) in all EU sovereign bond contracts. His proposal for CACs was incorporated into the European Union’s Council of Minister’s Resolution of December 2010 requiring that EU states use CACs in sovereign bond contracts beginning in 2013.
He has taught financial regulation, corporate & financial law, micro-economics, international economics and international trade law at the University of Cambridge, Queen Mary University of London and the University of Warwick. He was educated at Cornell, Oxford, and Cambridge Universities. He is a Senior Research Fellow at the University of Cambridge Centre for Risk Studies. He also advises European banking institutions on corporate governance, risk management and environmental sustainability.
He led a research project organised by the United Nations Environment Programme and Cambridge University on international banking regulation and systemic environmental risks. The research produced a report published in 2014 making recommendations for how the Basel Capital Accord should be used to control the systemic financial risks associated with environmentally unsustainable economic activity. read more