Andrei Medvedev

Contact details: andrei.medvedev (at)

Wednesday, 16 November 2011

• Competition Policy and Regulation
• Industrial Organisation, Applied Game Theory
• Economics of Financial Regulation

• PhD in Economics (2006), CERGE-Charles University, Prague, Czech Republic
• MA in Economics (2000), North Carolina State University, Raleigh, USA
• Diploma in Economics (1997), Belarus State University, Minsk, Belarus

PhD thesis title: "Mergers, Antitrust, and Competition"
Supervisors: Avner Shaked, Eric van Damme, Dirk Engelmann
Opponents: Massimo Motta, Damien Neven

• Saint Gobain Corporation Scholarship (PhD studies), 2000-2004
• Edmund Muskie / US Congress Fellowship (MA studies), 1998-2000
• Soros Foundation and UK Commonwealth Fellowship, 1997


• “An economic analysis of credit rating agency business models and ratings accuracy”, Nov 2011, FSA Occasional paper 41 (with Damien Fennell)

• “The role of contribution among defendants in private antitrust litigation”, 2010, International Review of Law and Economics, 30 (4), pp. 306-316 (with Morten Hviid) .

• “Electrifying integration: electricity production and the South East Europe regional electricity market”, 2009, Utilities Policy 17(1), pp.24-33 (with Elizabeth Hooper).

• “Structural remedies in merger regulation” (in Russian), 2008, Economic School Journal (“Экономическая Школа”) Vol.6(1), pp.114-138 (CCP Working Paper 07-16 in English).

• “Bargaining over remedies in merger regulation”, 2007, CCP Working Paper 07-3 (with Bruce Lyons).

• “Efficiency defense, administrative fuzziness and commitment in merger regulation”, 2006, CCP Working Paper 06-8.

• “Does competition improve performance? Evidence from the Czech manufacturing industries”, 2005, Prague Economic Papers, Vol. 14(4), pp.317-330 (with Alena Zemplinerova).

• “Bail-Outs and State Aid in the financial market”
• “Debt covenants and market power” (with Valeri Nikolaev)
• “Competition policy in transition countries”


05.2008 - Present
Senior Associate, Financial Services Authority, London, UK
FSA is an independent body that regulates the financial services industry in the UK. As a member of the Economics of Financial Regulation department I am undertaking and advising on market failure analysis and cost benefit analysis with respect to FSA policy making.
Within the economics team, I am specialising in competition impact assessment with respect to FSA regulatory activities. I also manage the relationship with the Office of Fair Trading and the Competition Commission and provide training on competition policy to the FSA staff.
As part of my work, I have been advising on the mortgage market review, retail distribution review, product regulation, payment protection insurance (FSA and CC inquiries), retail banking, packaged bank accounts, bundling and tying, credit rating agencies, modelling of the banking sector in the UK, the Independent Commission on Banking proposals (ring-fencing and competition remedies), competition and financial stability, the Financial Services Bill and FCA's competition powers, FSB and IOSCO enquiries in shadow banking (securities lending and repos, CDS), etc.

09.2005 - 05.2008
Post-Doctoral Fellow, ESRC Centre for Competition Policy, University of East Anglia, Norwich, UK
The Centre for Competition Policy is the leading UK and European research centre in the field of competition policy and regulation. The projects that I have been working on include both theoretical and empirical research with the analysis of competition policies and industry specific regulations using a game-theoretic approach (including consultancy projects for the European Union, the World Bank, OFT, Competition Commission, DTI):
- Market modelling for antitrust decisions: theoretical & empirical analyses, simulations
- Analysis of remedies in merger regulation
- Analysis of the impact of electricity market reforms on competition
- Development and application of competition policies in transition countries

07.2004 - 08.2005
Financial Adviser, Saint-Gobain Oberland AG, Bad Wurzach, Germany
- Acquisition team: assessment of competition and locations for green-field projects in CIS countries (glass packaging manufacturing)
- Finance and Control department: financial reporting from subsidiaries
- Reporting directly to the CEO and numerous presentations to the Board members

01.2004 - 07.2004
Research Fellow, Tilburg Law and Economics Center, Tilburg University, Tilburg, the Netherlands
- Modelling of structural remedies in merger regulation

• World Bank, “Regulation and governance in electricity distribution in CEE/SEE/CIS countries”, 2007-2008
- helped to successfully bid for the project and then co-managed this project
• Competition Law and Economics European Network (CLEEN), 2007
- initiated and helped to organize the network (member institutions are University of East Anglia, Tilburg University, University of Amsterdam, Bonn University, European University Institute, Bristol University)
• Saint-Gobain Oberland AG, Market studies of the glass packaging industry in Russia/Ukraine, 2006
- Reporting directly to the CEO
• EU 5th Framework, project "Changes in Industrial Competitiveness as a Factor of Integration", 2005

• Trainer, provide training on competition policy to the FSA staff, FSA, UK, 2008-present
• Lectures on Industrial Organization (undergraduate level), University of East Anglia, UK, 2006-2008
• Teaching Assistant, Transition Economics (PhD level), CERGE-Charles University, Prague, 2003
• Lecturer, Financial Economics (undergraduate level), Belarus State University, 1997-98

• Statistical Packages: TSP, STATA, MATLAB, MATHEMATICA