Portrait of Tom Davies

Tom Davies Senior Consultant

Tom is part of Oxera’s Regulation and Market Design team, and has a particular focus on the economics of the financial services sector.

He advises firms and regulators on a broad spectrum of regulatory and market design questions, including in conduct risk, impact assessments and competition economics matters.

Tom leads Oxera’s training courses with UK Finance on Consumer Duty.

He also has experience leading competition-related litigation cases and market investigations, working on expert analysis across a range of sectors.

Tom joined Oxera in 2019, after completing his MSc Economics (where he specialised in microeconomics, industrial organisation and behavioural economics).

Tom speaks English.

Tel: +44 (0) 1865 253092

Tom's specialisms include:

Selected
professional experience

  • Assessment of fair value in the financial advice market for the CII (2024–25)

  • Ongoing economic advice in the context of an excessive pricing class action litigation in the CAT (2024–)

  • Advice and economic analysis for a UK utility company responding to a regulatory investigation (2024–)

  • Ongoing advice to a UK financial services firm, supporting on their response to an FCA Market Study (2024–)

  • Merger risk assessment for a financial services firm (2024)

  • Support and assurance review of a financial services firm’s Consumer Duty annual board report (2024)

Selected
publications

  • Davies, T. (2024), ‘Consumer Duty board reports: are firms prepared for the July 2024 deadline?’, Agenda, March, https://www.oxera.com/insights/agenda/articles/consumer-duty-board-reports-are-firms-prepared-for-the-july-2024-deadline/.

  • Davies, T. and Van Dijk, R. (2023), ‘Central Perks? Are CBDCs the advent of new money, or a false dawn for banking and payments?’, Agenda, June, https://www.oxera.com/insights/agenda/articles/consumer-duty-board-reports-are-firms-prepared-for-the-july-2024-deadline/.

  • Davies, T. and Johnson, M. (2020), ‘Home advantage? Who wins in multi-sided platform competition?’, Agenda, February, https://www.oxera.com/wp-content/uploads/2020/02/Home-advantage-Who-wins-in-multi-sided-platform-competition-1.pdf.

  • Davies, T. and Johnson, M. (2020), ‘Behavioural biases in the judiciary: food for thought?’, Agenda, November, https://www.oxera.com/wp-content/uploads/2020/11/Behavioural-biases-in-the-judiciary-food-for-thought.pdf.

Qualifications

  • MSc Economics, University of Exeter, UK

  • BSc (Hons) Economics, University of Exeter, UK

Latest Insights:  Tom Davies

Agenda
5 minute read
Depiction of Consumer Duty board reports: are firms prepared for the July 2024 deadline?

Consumer Duty board reports: are firms prepared for the July 2024 deadline?

The UK Financial Conduct Authority’s (FCA) Consumer Duty, a new outcomes-based regulation for financial services firms, has now been in force for over six months. July 2024 will see the…
Agenda
15 minute read
Depiction of Central Perks? Are CBDCs the advent of new money, or a false dawn for banking and payments?

Central Perks? Are CBDCs the advent of new money, or a false dawn for banking and payments?

Central bank digital currencies (CBDCs) have the potential to significantly change the way the global financial system operates. But what exactly are CBDCs, and what impact are they likely to…

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