has been Senior Visiting Fellow at the ICMA Centre at the University of Reading in England since 1999, consultant to the International Capital Market Association (ICMA) and its European Repo and Collateral Council (ERCC), and a technical expert to the International Monetary Fund and other international financial institutions on money market and repo market development as well as to Frontclear. Richard has advised and trained in Armenia, China, Egypt, Hong Kong, India, Indonesia, Malawi, Nigeria, Philippines, Russia, Rwanda, Singapore, South Africa, Tanzania, Uganda, Vietnam and Zimbabwe as well as in Europe and the US. He has worked with Frontclear in Georgia, Ghana, Honduras, Kenya, Mongolia, Tanzania, Uganda and Zambia, and has published a study for Frontclear on exchange-traded repo. Richard is author of the ICMA’s Repo FAQs and Guide to Best Practice in the European Repo Market, course director for the ICMA’s Professional Repo Market Course and ICMA-ISLA GMRA-GMSLA Legal and Documentation Workshop, and Director of the ICMA semi-annual survey of the European repo market. Richard also acts as an independent consultant providing research, support and training on the institutional money, securities and derivatives markets to a wide range of clients, including professional market associations, government agencies, regulatory authorities, multilateral development banks, banks, brokers and information services, both in the City of London and outside the UK. Special interests include securities financing, collateral management and electronic trading in OTC markets. He served for 10 years in the Bank of England, including the Bank’s Foreign Exchange Division and on secondment to the IMF in Washington DC.