Skip to Content

CCP Faculty

Dr Patrycja Klusak

Lecturer in Banking & Finance, Norwich Business School

Phone: +44 (0)1603 59 1401 Location:


I was appointed by NBS as a lecturer in Banking and Finance in October 2015. I hold a BA in Banking and Finance from Bangor University, and an MPhil in Real Estate Finance at Cambridge University. Upon completion, I then worked as a Research Assistant and Student Liaison Officer at Bangor University. After starting my PhD at Bangor, I worked as a graduate tutor delivering modules in the area of Banking, Finance and Econometrics. Between 2012 and 2015 I taught Business Studies for smaller groups (at A-level) for a Foundation Programme run by Trinity College, University of Dublin.

Recently, I have defended my PhD thesis (completion within three years). My research encompasses empirical investigations related to recently introduced credit rating agency (CRA) regulation and its effects on financial systems, with particular interest in Europe. I evaluate whether regulations achieve their aims, or whether they lead to unintended consequences.


Office hours: Wednesday 10:00-12:00

All Publications

Klusak, P., Alsakka, R., Gwilym, O. A.


Does the disclosure of unsolicited sovereign rating status affect bank ratings?,

in The British Accounting Review



pp. 194–210

Full Text UEA Repository



Alsakka, R., ap Gwilym, O., Klusak, P., Tran, V.


Market impact under a new regulatory regime: Credit rating agencies in Europe,

in Economic Notes



pp. 275-308

Full Text UEA Repository



Key Research Interests

I am a recipient of an Economic and Social Research Council (ESRC) PhD scholarship dedicated to an analysis of the regulatory changes to the Credit Rating Agency (CRA) industry. My research interests also include empirical banking and applied econometrics.

Working Papers:

1. Klusak, P., Alsakka, R., ap Gwilym O. (under review) “The Impact of ESMA Regulatory Identifiers on the Quality of Ratings.” 

Presented at:

“Wolpertinger Conference”, European Association of University Teachers of Banking and Finance, Granada, Spain (September 2-5, 2015).

“8th International Accounting & Finance Doctoral Symposium (IAFDS)”, Ljubljana, Slovenia (June 15-17, 2015).

“5th International Conference” of the Financial Engineering and Banking Society (FEBS), Nantes, France. Chair of the session on Credit Ratings and Regulation (June 12-13, 2015).

“European Doctoral Student Consortium” of the Financial Management Association (FMA), Ca’ Foscari University of Venice, Venice, Italy (June 10, 2015).

“Wales Accounting & Finance Colloquium”, Gregynog Hall, Newtown, UK (May 13, 2015).

2. Klusak, P., Alsakka, R., ap Gwilym O. “Recent Efforts in Reducing Overreliance on CRAs - An Example of Externalities.” 


Professional Activities

Achievements and awards

Oct 2012 Recipient of an Economic & Social Research Council (ESRC) & Bangor Business School scholarship for Doctoral Training (£54,000, duration 3 years).

July 2010 Undergraduate dissertation awarded the David Jones Memorial prize. Best Project Mark Related to Business Financing.

Jan 2009 IBM University Challenge, reached semi-finals (Jan 09, Surrey).

Administrative Posts

Patrycja acts as a referee for Journal of Banking and Finance and Journal of European Finance.

// ]]>