Dr Handy Tan

Senior Lecturer in Banking and Finance

Faculty:Faculty of Business and Law

School:Economics, Finance and Law

Location: Chelmsford

Areas of Expertise: Accounting and Finance , Business Management , Economics

Research Supervision:Yes

Handy’s expertise is in the area of financial econometrics (theoretical and empirical), econometrics modelling (simulations) in volatility and forecasting, risk management, options and derivatives, monetary policy and banking and finance.

Handy's Academic Webpage


Dr Handy Tan is a Senior Lecturer in Banking and Finance. He has acquired academic and professional knowledge in finance and accounting based on his studies at the University of Southern California, University of Saint Andrews and University of Essex. He has previously worked for KPMG as an External Auditor and HSBC as a Regulatory and Risk Analyst within HSBC’s Risk Management Department.

His primary interests are in the area of empirical financial modelling and forecasting whilst maintaining a good balance with theoretical aspects of econometrics. He is also keen on studying and implementing risk management models following Basel Committee’s framework on Banking Supervision as well as for Basel III framework.

He has worked with many students from A-level to PhD level on interdisciplinary research in applying econometric models covering the fields of Finance, Accounting, Political Science, Sociology, Economics, Statistics and Risk Management to demonstrate the ubiquity of econometric methods and models in various disciplines.

Spoken Languages

  • English
  • French
  • Indonesian

Research interests

  • Time series econometrics (theory and applied)
  • Cross sectional and panel data econometrics (theory and applied)
  • Neoclassical finance and behavioural finance
  • Survival analysis (duration) modelling
  • Fractals and chaos theory
  • Volatility modelling (simulations and forecasting)
  • Risk management modelling
  • Banking regulation
  • Monetary policy
  • International banking

These research interests are geared towards the ultimate goal of understanding how the financial world (including banking) works. To some extent, this involves capturing quotidian phenomena of how financial information is disseminated through the 'transmission mechanism'. This 21st century mechanism still represents a 'black box' to most Academics and Practitioners. The trajectory of contemporary research in finance precisely tries to capture this elusive box. Financial stakeholders, markets, assets and regulators form the intricate process with which this mechanism intersects. Other areas of research interests examine how such a process works. 

Areas of research supervision

  • Asset Management, Mergers and Acquisitions, Exchanges and Sector Herding, Banking Regulations, Small and Medium Enterprise Finance, Cointegration and Causality, Asset Pricing, Microfinancing, Crowdfunding and Capital Structure in Finance
  • Morris Njika on M&A in UK Manufacturing Industry
  • Idibekeabasi Ukpong on Exchanges and Sector Herding
  • Festus Ededjo on Banking Regulations and Banks’ Performance
  • Ramchandra Bhusal on Ethnic Minorities and Entrepreneurship in the UK
  • Dorcas Odegi the Effects of Financial Crises on the Kenyan Banking Sector


Dr Handy Tan is the course leader for the BSc Banking & Finance, the Bsc Business Management & Finance and the MBA - Finance

  • Business Forecasting and Simulation (module leader and lecturer)
  • Quantitative Methods and Finance (module leader and lecturer)
  • Financial Investment Analysis (module leader and lecturer)
  • Bank Regulation (module leader and lecturer)
  • Monetary Policy (module leader and lecturer)
  • International Banking (module leader and lecturer)
  • Bank Risk Management (module leader and lecturer)
  • Corporate Finance (module leader and lecturer)
  • Financial Management (module leader and lecturer)
  • Banking in Context (module leader and lecturer)
  • Foundations of Finance (module leader and lecturer)     
  • Mergers and Acquisitions (module leader and lecturer)    
  • Global Equity Markets (module leader and lecturer)    
  • Financial Modelling and Forecasting (module leader and lecturer)    
  • Financial Management (module leader and lecturer)    
Guest Lecturer
  • Introduction to Banking in Ji Liang University, Hangzhou, China (Summer 2017 and 2018)
  • Introductory Finance and Central Banking in East China JiaoTong University, Nanchang, China (Summer 2016, 2017, 2018)
  • Introductory Finance and Accounting with Systech International, London, UK (Spring 2016)


  • PhD in Finance, University of Essex, UK
  • MSc in Analytical Finance, University of Saint Andrews, UK
  • BS in Accounting, University of Southern California, USA
  • BA in French, University of Southern California, USA
  • Regulatory and Risk Analyst, HSBC, UK
  • External Auditor, KPMG, USA

Memberships, editorial boards

  • UK Higher Education Academy
  • University of Essex Alumni Network
  • University of Saint Andrews Alumni Network
  • University of Southern California Alumni Network
  • Los Angeles World Affairs Council
  • KPMG Alumni Network
  • University of Southern California Accounting Society
  • Cycle Colchester

Research grants, consultancy, knowledge exchange

  • Finance and Accounting at Systech Corp. London, UK, 2016/2017

Selected recent publications

  • UK stock market shrugs off turbulent times as FTSE nears record high. The Conversation. October 2016
Working papers
  • Determinants of industry herding in the US and China with Idibekeabasi Ukpong and Dr Larisa Yarovaya (forthcoming)
  • The Feasibility of centralized policy making with decentralized CBDC with James Marchment, Garri Teslya and Sam Parker (forthcoming)
  • Development of effective portfolio strategies as risk mitigation tools under the principles of Islamic Banking with Leonard Jennings and Michael Jensen (forthcoming)
  • Probability of default cyclical coefficient measure (forthcoming)
  • PiT-TtC ratings conversion model (forthcoming)
  • Joint modelling UHF financial data under ACD model specification (forthcoming)
  • Estimating volatility duration using multitick UHF futures in finance (forthcoming)
  • Hazard and Survival parameterizations under RP models specifications in finance (forthcoming)

Recent presentations and conferences

  • Bloomberg for Education, Bloomberg HQ, London (14 Jun. 2019)
  • A guide to forecasting with Professor Sir David Hendry, Oxford University, Oxford (7-9 August 2018)
  • Computation meets data science – Wolfram in association with Digital Catapult Centre, London, UK (11 May 2017)
  • Banking reforms in the UK - competition, innovation, standards and financial stability. Westminster Business Forum Keynote Seminar, London, UK (18 Oct 16)
  • 2016 London Stata Users Group meeting, London, UK (8-9 Sep 2016)
  • 14th Annual International Conference on Finance with the Athens Institute for Education and Research (ATINER), Athens, Greece (4-7 Jul 2016)
  • 15th OxMetrics User Conference at Cass Business School, London, UK (4-5 Sep 2014).
  • Recent Developments in Financial Econometrics and Empirical Finance Conference and the 2014 Annual John Nankervis Memorial Lecture at University of Essex, Colchester, UK (12-13 Jun. 2014).
  • PhD Presentations at University of Essex, Colchester, UK (May 2014)
  • PhD Presentations at University of Essex, Colchester, UK (May 2013)
  • PhD Presentations at University of Essex, Colchester, UK (May 2012)

Media experience

  • BBC Radio Cambridgeshire (26 Aug. 2015) Topic: Financial Crisis in China and the impacts on UK investments.
  • Cambridge TV (26 Aug. 2015) Topic: Chinese downturn economy and its effects on UK businesses at home and abroad.