Dr Edward Jones

Senior Lecturer in Economics

Director of The Institute of European Finance (The Institute of European Finance - Responsible Banking)

e.t.jones@bangor.ac.uk

鈥�

Overview

Financial Economist with professional experience in the private and public sector at senior level. Experience in advanced analytics, financial and economic modelling, stakeholder鈥檚 engagement, technical research, and business strategy development.聽

Professional risk management experience, including loan loss forecasting modelling, non-retail loan pricing models, IRB model development and calibration, scorecard implementation, system testing, and performance monitoring.聽

PhD (Economics) from the Centre for Banking and Financial Studies, University of Wales, Bangor, where he also holds a BA (Mathematics and Economics) degree and a Masters (Banking and Finance) degree. Experience of supervising PhD, Masters and Undergraduate theses and teaching at undergraduate and postgraduate level.

Additional Contact Information

Phone: +44 (0) 1248 388 393

E-mail: e.t.jones@bangor.ac.uk

Qualifications

PhD: The growth of conurbations in post-war Britain: A historical perspective.
2009
Professional: Diploma in Statistics
The Royal Statistical Society, 2008
Professional: NVQ (Level 4) Management
Chartered Management Institute, 2006
Professional: PRINCE 2
Office of Government Commerce, 2005
MA: Banking and Finance
2002
BA: Economics and Mathematics
麻豆传媒高清版, 2001

Postgraduate Project Opportunities

I am willing to supervise a PhD student in economics, banking, or finance.

Publications

2023

Published
Jones, E. & Osti, L., 25 Oct 2023, The Conversation.
Research output: Contribution to specialist publication 鈥� Article
Published
Jones, E. & Jones, L., 27 Jun 2023, The Conversation.
Research output: Contribution to specialist publication 鈥� Article

2022

Published
Jones, E., 27 May 2022, The Conversation.
Research output: Contribution to specialist publication 鈥� Article
Published
ap Gwilym, R., Closs-Davies, S., Jones, E. & Rogers, H., 8 Nov 2022, GSR report number 70/2022 ed. Cardiff: Welsh Government.
Research output: Book/Report 鈥� Other report
Published
Jones, E. & Altunbas, Y., 21 Feb 2022, The Conversation.
Research output: Contribution to specialist publication 鈥� Article

2021

Published
Bowden, J. & Jones, E., 26 Apr 2021, The Conversation.
Research output: Contribution to specialist publication 鈥� Article
Published
Jones, E., Hemmings, D. & Middleburgh, S., 24 Sept 2021, The Conversation.
Research output: Contribution to specialist publication 鈥� Article

2020

Published
ap Gwilym, R., Jones, E. & Rogers, H., 18 Mar 2020, 17/2020 ed. Caerdydd: Welsh Government.
Research output: Book/Report 鈥� Other report

2017

Published
Jones, E., 4 Sept 2017, Coleg Cymraeg Cenedlaethol.
Research output: Other contribution

Activities

2023

22 Sep 2023
Links:
Activity: Other (Contributor)
This project is aimed at establishing our group as a key centre of expertise for all those wishing to understand the context of taxation in Wales. Our vision is to leverage our research to enhance tax policy debates and inform public discourse, both in the run up to the 2026 Senedd elections and in relation to ongoing questions over Wales鈥檚 constitutional future.
Funding awarded through the 麻豆传媒高清版 Innovation and Impact Award (Research Wales Innovation Funding). Value = 拢30,183
1 Aug 2023 鈥� 31 Jul 2024
Activity: Other (Contributor)

2022

Written evidence provided by Sara Closs-Davies, Rhys ap Gwilym, Helen Rogers and Edward Jones, to Welsh Government's Phase 1 Consultation on A Fairer Council Tax
11 Nov 2022
Links:
Activity: Consultancy (Consultant)

2019

Written evidence submitted by Bangor Business School, 麻豆传媒高清版 in response to the Treasury Committee, House of Commons (UK) inquiry on the impact of business rates on businesses.
30 Apr 2019
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
Provided a response to a consultation on Access to Banking in Wales. http://senedd.assembly.wales/mgConsultationDisplay.aspx?id=354&RPID=1516759536&cp=yes
10 Apr 2019 鈥� 17 May 2019
Links:
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)

2018

During the radio show, Dr. Jones summarized and responded to the Grimsey Review 2 (2018) that was released on 4 July 2018 and outlined the challenges facing the retail sector and the opportunities to transform high streets in the UK.
4 Jul 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones delivered two "taster" lectures at the Business School open day. These lectures on GDP gave prospective students a feel of what a lecture at University would be like.
30 Jun 2018
Activity: Types of Public engagement and outreach - Schools engagement (Contributor)
Following Airbus warning that no-deal Brexit could see it leave UK, Dr. Jones gave an interview on the importance of the company to the economies of North Wales, Wales, and UK, and what likely impact a no-deal Brexit would have on the company.
23 Jun 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview discussing the significance of House of Fraser closing its shops in Wales and the current climate of the retail sector.
7 Jun 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview discussing the significance of House of Fraser closing its shops in Wales and the current climate of the retail sector.
7 Jun 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to the radio show to discuss M&S annual report announced in the morning. The clothes and food store has been under pressure for a few years and the interview included a general discussion about the health of shops on the high street.
23 May 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview on the proposed 拢100m Bluestone holiday resort development on Anglesey, and the impact this will have on the local economy.
16 May 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr Jones contributed to a science and innovation audit report sponsored by the Department for Business, Energy and Industrial Strategy. This report highlights the globally significant science and innovation assets in the Northwest, and also the need to integrate the individual elements more effectively, drive cultural and organisational changes across the sector, and find new ways to develop the skills needed by the industry. Dr. Jones contributed to this report by discussing financing options for Small Modular Reactors (SMRs) and how these differ to those of traditional nuclear power plants.
5 May 2018 鈥� 5 Jul 2018
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
Dr. Jones was invited to Anglesey Day in Westminster reception and evening dinner at the House of Commons. 2018 Anglesey Day reception showcased the maritime industries linked to the Island, both local and international. Various industries leaders, Members of Parliament, and Members of the House of Lords attended the evening dinner.
18 Apr 2018
Activity: Types of Public engagement and outreach - Festival/Exhibition (Contributor)
Radio interview discussing US trade policy, including trade wars and the likely effect of new tariffs on aluminium.
7 Mar 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones, along with Mr Ben Lake MP, took part in a panel discussion on the radio regarding the effects of bank branch closures on the rural economy in Wales.
28 Feb 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
2018 will be an historic year for Wales as the country will collect the first Welsh taxes in 800 years. The Welsh Revenue Authority (WRA) has been established to collect and manage these devolved taxes.
To reflect this major milestone, the WRA designed a Charter that will be the blueprint for the way it will work with its customers, the Welsh public and partners to deliver a fair tax system for Wales. Dr. Jones arranged for the WRA to visit Bangor Business School and hear the thoughts and opinions of the Collage students on how the Charter should be designed.
2 Feb 2018
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
The aim of this work was to give an independent scrutiny and independent review of the socio-economic aspects of Horizon鈥檚 Site Preparation & Clearance (SP&C) Town and Country Planning Application (TCPA).
24 Jan 2018 鈥� 27 Feb 2018
Activity: Consultancy (Consultant)
Radio interview discussing the liquidation of Carillion, one of the UK biggest building and service contractors, and what this means for public infrastructure projects in the country.
15 Jan 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to write an article on the economy of North Wales; its current performance and future opportunities. This one-page article highlighted a number of successful companies in the region and activities to promote economic growth.
3 Jan 2018
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)

2017

Radio discussion on the recent GVA data and why Wales continues to be the bottom of the table in the UK in terms of economic performance.
20 Dec 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Invited to take part in an hour-long show with members of the public. Dr. Jones provided expert opinion on the local economy, the importance of the high-street, and Brexit.
14 Dec 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview giving expert opinion on Wales first ever industrial strategy that was recently announced.
12 Dec 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview to discuss the closure of RBS bank branches and what it means for the local community and economy.
1 Dec 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview where Dr. Jones provided expert opinion on the current state of the economy, concerns about inflation, and the risks given Brexit.
21 Nov 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview where Dr. Jones responds to the recent assessment made by the IFS of the UK economy.
30 Oct 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones discussing the support given by the Welsh Assembly to self-employed in Wales in light of a recent FSB report asking for a change to current policy.
24 Oct 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview giving expert opinion on the economic argument for and against a new bridge for cross over to Anglesey.
23 Oct 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Member of the Institute of Welsh Affairs' Economic Policy Group (Sep. 2017 onward).
30 Sep 2017 鈫�
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
Gafodd Dr. Jones, Sara Closs-Davies a David James cyfle i ymweld ag myfyrwyr busnes Coleg Meirion Dwyfor, gyda'r bwriad o hysbesbu cyrsiau yn yr Ysgol Fusnes. Yn ystod y cyfarfod yma, roddwyd Dr. Jones cyflwyniad i'r myfyrwyr am gyflogau chwaraewyr p锚l-droed tra gwnaeth Sara siarad am dreth a TAW ar fisgedi. Dwi wedi atodi lluniau o鈥檙 ymweliad.
14 Sep 2017
Activity: Types of Public engagement and outreach - Schools engagement (Contributor)
Dr. Jones is a member of the 麻豆传媒高清版 - Horizon (nuclear power) stakeholder group.
13 Sep 2017 鈫�
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
TV interview discussing the impact of Brexit on the Dublin to Holyhead ferry route and should there be a hard Brexit what the direct affect would be for trucks making that journey and consequently the affect on the Port of Holyhead.
31 Aug 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones is an active member of the "Anglesey Brexit forum", established by Albert Owen MP to look at the issues surrounding Brexit from an Anglesey perspective and to ensure the Island gets a proper input in the process. This forum includes a small cross-section of people from across the Island and from the different sectors, for example farming, Holyhead Port (Stena), local business, tourism, education.
19 Aug 2017 鈫�
Activity: Types of Public engagement and outreach - Public lecture/debate/seminar (Contributor)
For the radio show, Dr. Jones participated in a discussion with David Buik MBE from Panmure Gordon & Co on Brexit, the 2008 financial crisis, and the UK banking sector.
7 Aug 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview discussing Graeme Yorston, the former chief executive of Principality Building Society, warning that investment in businesses could stall as banks go into "risk averse mode" due to Brexit.
7 Aug 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
During this TV interview Dr. Jones discussed the issue of youth unemployment on Anglesey and across Wales.
7 Aug 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview for the news bulletin discussing the impact of Brexit on ports in Wales and the UK and what this means to trade and future economic development.
4 Aug 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Invited to discuss the launch of the Welsh Development Bank during a radio show.
18 Jul 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview to discuss the impact of the UK General Election on Brexit negotiation.
12 Jun 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to be part of a panel discussing the impact of the UK General Election (with results still coming through in the morning). His specific focus was on the impact of the result on the UK economy.
9 Jun 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to give a live interview on BBC Breakfast show. During this, he discussed tax rates in the UK and tax base (economy).
30 May 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to give an interview for "BBC News at Ten" where he discussed UK fiscal policy.
28 May 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to partake in a panel discussion on the radio regarding the future of the UK economy given Article 50 has been triggered.
29 Mar 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to be a keynote speaker in finance at the National Assembly for Wales and the Learned Society of Wales Idea Exchange Seminar (held at the National Assembly). This closed event seminar was attended by Assembly Members (AMs) and policy researchers and his presentation was on market failures in Wales and how the Development Bank of Wales can address these.
7 Mar 2017
Activity: Types of External academic engagement - Invited talk (Speaker)
TV interview where Dr. Jones gave expert opinion on the use of PFI to finance schools and other public buildings in Wales, and how this could have caused the buildings to cost four times as much.
27 Feb 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview where Dr. Jones gave expert opinion on the Welsh Government proposal of borrowing 拢500 million to finance the developments of the M4 road.
24 Feb 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview on the UK's Brexit strategy and what this means to Wales. Dr. Jones provided expert opinion on what does the future hold for the Welsh economy given what is being proposed in fully leaving the single market.
23 Jan 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Further radio interview on the UK's Brexit strategy and what this means for Wales, in addition to what the future holds for the Welsh economy given what is being proposed is fully leaving the single market.
23 Jan 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was the Academic Lead for the "Inward investment, export, and trade" work stream for a Welsh Government workshop to consider the opportunities and risk resulting from Brexit. This involved working with stakeholder from the public and private sectors to identify opportunities and risks to Welsh inward investment, export, and trade post-Brexit.
18 Jan 2017 鈥� 18 Sep 2017
Activity: Types of External academic engagement - Contribution to the work of national or international committees and working groups (Contributor)
Dr. Jones was invited to discuss the recently released PMI data for Wales and how this reflects the real economy.
16 Jan 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview where Dr. Jones outlined the trade opportunities available post-Brexit.
16 Jan 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview where Dr. Jones discussed recent statistics that showed the number of new business started in the UK had fallen by nearly a fifth in the last five years, and that Wales had seen the biggest drop of a quarter.
11 Jan 2017
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)

2016

Dr. Jones responded to the GVA data, released today, during this interview and how they reflect other trends seen in economic data recently announced.
16 Dec 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
During this radio interview, Dr. Jones provided an explanation of what GVA is and current trends in the UK.
15 Dec 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview on the impact of Brexit on the economy, in-light of the discussion of if MPs should have the right to vote on the final deal.
5 Dec 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview on what factors are driving banks decision to close their branches and the impact this will have on the local economy.
1 Dec 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was asked by the BBC to be an economics expert on a 2-hour live national radio show on Budget Day. During this show, members of the public were able to voice their concerns about the economy, and hopes for the budget, and Dr. Jones responded, based on his expert knowledge, and actively engage with the public through live media.
23 Nov 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV Interview where I responded to the UK Budget announced during the day.
23 Nov 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview where I provided expert opinion on the current state of the Welsh economy, in particular how young families are working harder than ever but are not progressing economically. In addition, the UK Autumn Budget was discussed.
22 Nov 2016
Links:
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones arranged a workshop for Bangor Business School and the newly formed Welsh Government Treasury Team. During this, the Treasury Team presented the new fiscal framework for Wales and the challenges they faced and Bangor Business School lectures provides feedback on possible areas of research that could address these issues.
16 Nov 2016
Activity: Types of Public engagement and outreach - Public lecture/debate/seminar (Contributor)
Invited to be part of a panel discussion on the radio regarding the impact of Brexit on the Welsh language and economy.
14 Nov 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to present at the symposium "Y Gymraeg a Brexit". His presentation looked the likely impact of Brexit on the Welsh economy, and in particular on the Welsh language.
8 Nov 2016
Activity: Types of Public engagement and outreach - Public lecture/debate/seminar (Contributor)
Providing expert opinion on what to expect from the UK GDP data released during the day.
27 Oct 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to sit on a panel during the Employability Fair held by the College of Business, Law, Education and Social Sciences at 麻豆传媒高清版. The panel accepted questions from students on how to develop a career in banking and finance and offered advice on getting their first job.
14 Oct 2016
Activity: Invited talk (Speaker)
Invited to discuss the economic benefits of the recent Welsh trade mission to Japan arrange by the Welsh Government. Also, the significance of Japanese companies in Wales.
11 Oct 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Gafodd Dr. Jones, Sara Closs-Davies a David James cyfle i ymweld ag myfyrwyr busnes Coleg Meirion Dwyfor, gyda'r bwriad o hysbesbu cyrsiau yn yr Ysgol Fusnes. Yn ystod y cyfarfod yma, roddwyd Dr. Jones cyflwyniad i'r myfyrwyr am gyflogau chwaraewyr p锚l-droed tra gwnaeth Sara siarad am dreth a TAW ar fisgedi. Dwi wedi atodi lluniau o鈥檙 ymweliad.
16 Sep 2016
Activity: Types of Public engagement and outreach - Schools engagement (Contributor)
TV Interview where Dr Jones had to give an expert opinion on the first set of economic data released since the UK's decision to leave the EU (i.e. Brexit vote).
17 Aug 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview to discuss the likely movements in Bank of England interest rates (which were to be announced a few hours after the interview).
4 Aug 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Radio interview discussing the key economic challenges facing the Prime Minister, Theresa May.
14 Jul 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview discussing the economic benefits of having one cross-border rail service between England and Wales.
14 Jul 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Follow-up interview for the "Business" section of the Daily Post on key economic issues for the EU referendum.
28 Jun 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr Jones was interviewed for the business section of the Daily Post given the EU referendum. He gave an expert opinion on the following issues:
a) What Europe has done for North Wales businesses and the wider economy?
b) What Europe will do for North Wales in the future if the UK votes to remain?
c) How would North Wales businesses potentially benefit from Brexit?
8 Jun 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Following this appearance, he was invited to a live interview on BBC Good Morning Wales programme to comment on figures obtained by the BBC on bank closure in the UK.聽 Five of the top ten areas losing banks are in Wales.聽 During his interview, Dr Edward Jones was asked to explain the trend in branch closure and the impact this was having on businesses and the economy.聽
13 May 2016
Links:
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Dr. Jones was invited to Anglesey Day in Westminster reception and evening dinner at the House of Commons. 2016 Anglesey Day reception showcased the Island's rich culture and food and outdoor businesses.
19 Apr 2016
Activity: Types of Public engagement and outreach - Festival/Exhibition (Contributor)
In the build-up to the Welsh Assembly election, BBC Wales held a number of programmes looking at economic and social issues in the country and the challenges facing new Assembly Members.聽 Along with members of other Welsh institutions, Dr Edward Jones was invited to participate on BBC Radio Wales Country Focus programme to discuss these issues and challenges.聽 A key point raised by Dr Jones was the impact of bank branch closure on the rural economy.聽
17 Apr 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Following the announcement of the Welsh Government refusal to underwrite Aviva鈥檚拢357m investment in the Circuit of Wales project, Dr Edward Jones was asked by BBC Cymru to give an opinion on the financial structure and feasibility of the venture.聽 The development of this cutting-edge motor racing circuit in South Wales would have created 6,000 long-term jobs along with an automotive-focused business park to support the work of Austin Martin and TVR in the area.聽 Dr Jones also discussed current investors sentiment towards the leisure and hospitality sector during his interview.
7 Apr 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Interviewed directly after the announcement of the UK Budget to give an expert opinion on what the Chancellor said.
16 Mar 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
TV interview for "Newyddion 9" to discuss the idea proposed by Lord Morris of Aberavon that there is a need for economic policy specifically for Rural Wales.聽 This proposal was made following another wave of bank and Post Office closures in rural areas and further cuts to Councils where the majority of people live in the countryside.聽 During the interview, Dr Jones spoke about the ongoing trend of bank branch closures in Wales and the impact this had on local businesses and the economy. 聽
3 Mar 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)
Interviewed for the TV programme "Y Sgwrs", giving an expert opinion on the current economic state in Wales and the challenges facing Tata Steel, Port Talbot.
20 Jan 2016
Activity: Types of Public engagement and outreach - Media article or participation (Contributor)

Projects

01/05/2024 鈥� 31/10/2024 (Finished)
12/02/2024 鈥� 31/08/2024 (Finished)
01/11/2017 鈥� 11/09/2024 (Finished)
01/03/2017 鈥� 01/08/2019 (Finished)