Tim Clausen

Tim Clausen joined HSBC in November 2016. He is focused on delivering Group-wide strategies that both anticipate, and respond to, multi-lateral and national policy developments of global significance to HSBC. Current policy areas include mitigation of Basel 3.1 implementation, bank capital buffers and procyclicality, structural market liquidity vulnerabilities, bank capital treatment of climate risk, and development of products and regulations to deliver blended finance solutions for climate transition investments. Tim also has a keen interest in the risks to economic potential and climate transition from the growing fragmentation of financial markets, as well as trade in cross border financial services and bilateral regulatory cooperation. Since August 2019, Tim has represented the UK banking sector as an individually appointed member of the Financial Services Expert Trade Advisory Group to HM Treasury and the Department of International Trade on these issues. Prior to this, Tim spent two years at the Bank of England as an international policy and strategy adviser the Governor in his FSB Chair capacity, the Deputy Governor for Financial Stability as the Bank’s FSB Plenary member, and then Deputy Governor for Markets and Banking as the Bank’s G7/G20 Finance Deputy. Tim moved to London in 2015, having spent seven years at the Australian Treasury in Canberra. After two years in anti-trust legislative reform, and three years’ domestic financial regulatory reforms focused on bank competition, bank funding costs and payments reforms, Tim was responsible for G20 financial regulation in the lead up to, and during Australia’s G20 Presidency in 2014. Tim has degrees in Economics (Hons) and Finance from Monash University in Melbourne, Australia.