Tony Hughes
Tony Hughes is a prolific commentator and occasional industry consultant with expertise in credit risk modelling, financial climate risk and macroeconomics. He has been a columnist for the Global Association of Risk Professionals (GARP) since 2018 and, in 2023, co-founded the UnpackingClimateRisk.com newsletter, which focuses on methodological and regulatory issues related to the treatment of financial climate-related risk. Hughes has contributed several chapters to Risk.net books on climate risk and credit modelling more broadly. He has published countless research white papers, op-eds and academic papers in a wide range of industry-focused journals.
Hughes’s career has taken him from his native Australia, first to the US, where he was managing director and head of consumer credit for Moody’s Analytics, and then in 2017 to the UK, where he currently lives with his family.
His time in the US coincided with the 2008–09 financial crisis, the passing of the Dodd-Frank Act and the development of stress-testing methodologies for the determination of capital adequacy. In his role, Hughes developed a number of innovative modelling approaches and worked directly with major banking organisations, both large and even larger.
In Australia, he first worked as an academic at Monash University, UNSW Sydney and the University of Adelaide, conducting research and teaching courses in theoretical and applied econometrics. Hughes moved to industry in the early 2000s as the chief Asia-Pacific economist for Economy.com, covering Australia, China and Japan, while also taking broad responsibility for coverage of the entire region. In 1997, he was awarded a PhD in econometric theory from Monash University in Melbourne.
Hughes has dual US and Australian citizenship. He dreams of soon relocating to Australia, where he and his wife own a house that is a short drive from several world-class beaches.
His house lies just outside an area that is notorious for severe flooding and occasional wildfires. As climate change progresses, his concerns are only modest.
At least for now.
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