The Banking and Finance group at the Centre for Commercial Law Studies (CCLS) promotes teaching and research in banking and financial law and regulation.
Members of the Banking and Finance group include three leading professors in this area: Professor Rosa Lastra (chair of the group), Professor George Walker, Professor Rodrigo Olivares-Caminal; one senior lecturer, Dr Gabriel Gari and one lecturer, Dr Costanza Russo. In addition, Professor Philip Rawlings, Dr Andromachi Georgosouli, Dr Miriam Goldby and Dr Leon Vinokour contribute to the teaching in this area. Leon and Rodrigo - jointly appointed by CCLS and the School of Economics and Finance - are the co-directors of the MSc Law and Finance programme. Rodrigo also heads the LLM in Law and Economics programme.
- Dr Gabriel Gari
- Professor Rosa M Lastra (Chair of the Banking and Finance Group)
- Dr Andromachi Georgosouli
- Dr Miriam Goldby
- Professor Rodrigo Olivares-Caminal
- Professor Philip Rawlings
- Dr Costanza Russo
- Dr Leon Vinokur
- Professor George Walker
Banking and Finance members have developed close links with other universities around the world. In the USA, regular contacts with Harvard, Columbia, Georgetown, SMU in Texas and NYU enrich our teaching and research capabilities. In Europe we have close links with several universities; the links with the University of Stockholm as well as other Scandinavian Universities has resulted in our successful Diploma and Certificate in International Financial Law. Links with Universities in Hong-Kong, Shanghai and Singapore are also a result of the individual links forged by Banking and Finance members. Strong links have also been developed with Latin American Universities, with two Deans of Postgraduate Studies from top Argentine Universities visiting in 2014-15. Dr Costanza Russo has developed a partnership with the Seven Pillars Institute for Global Finance and Ethics based in Kansas, and is working on a research project with Justice Blair and others on how to create an ethical culture in the banking sector. Professor Rodrigo Olivares Caminal has established links with the World Bank in connection the Global Forum on Law Justice and Development and is organising a competition for students jointly with IFC.
Teaching and Education
- LLM in Banking and Finance Law
- LLM in Law and Economics
- LLM in Paris
- MSc in Law and Finance
- Certificate in International Finance Law
- Diploma in International Finance Law
- Banking Law
- Securities Regulation
- Regulation of Financial Markets
- EU Financial Law
- Legal Aspects of International Finance
- Law of Finance and Foreign Investment in Emerging Economies
- International Economics Law
- Corporate Insolvency Law (new for 2012-13)
- Ethics in Business and Finance (new for 2012-13)
- Financial Models and Derivatives in a Legal Context (new for 2012-13)
- Elements of Islamic Law (new for 2013-14)
- Islamic Finance and Commercial Law (new for 2013-14)
- Accounting for Lawyers (new for 2013-14)
- Corporate Finance Law (new for 2013-14)
The LLM in Banking and Finance Law is one of the most popular LLM programmes and financial law modules are an integral part of the Certificate and Diploma in International Finance Law. The European Banking and Finance group offers a joint MSc in Law and Finance and LLM in Law and Economics with the School of Economics and Finance at Queen Mary.
The LLM in Law and Economics and the MSc in Law and Finance have also developed some new modules, some of which are open to general LLM students: Law and Finance in Practice, Economic Application of the Law and Macro-economics for Lawyers. In addition we run a series of distinguished guest speakers in international finance with world leading policy makers and practitioners and a series of “Open lectures: Ethics in Business and Finance”.
Banking and Finance members attract high profile guest speakers to deliver classes and lectures, ranging from high officials of the European Central Bank, the Federal Reserve Bank of New York, the Bank of England, the Hong Kong Monetary Authority, the Bank for International Settlements and the International Monetary Fund; as well as QCs, judges and qualified practitioners from leading law firms in the world as well as from insurance companies and Lloyd’s. This gives our students exposure to private practice and to the work of national and international financial institutions.
- 15 October
PARIS EVENT: Roundtable on the Latest Developments in Sovereign Debt
- 20 October 2014
CCLS Open Lectures: Ethics in Business and Finance: "The Banking Standard Review: Will It Work?"
- 28 October 2014
Roundtable on Financial Regulation
- 10 November 2014
Start of European Banking Union: Perspectives and Challenges
- 24 November 2014
CCLS Open Lectures: Ethics in Business and Finance: "'Ethical Intelligence' for Lawyers"
- 2 February 2015
CCLS Open Lectures: Ethics in Business and Finance: "The Philosophical Foundations of Ethical Behaviour"
- 23 February 2015
CCLS Open Lectures: Ethics in Business and Finance: "The Ethics of Money"
- 9 March 2015
CCLS Open Lectures: Ethics in Business and Finance: "Economic Crime: Money Laundering Prevention Requirements: Are They Effective"
- 16 March 2015
CCLS Open Lectures: Ethics in Business and Finance: "Economic Crime: Bribes and Facilitation of Payments"
Expertise and Research Activities
Our areas of expertise cover the most topical subjects in the field of banking and finance and include: central banking, international banking, international capital markets, international monetary law, derivatives, corporate finance, M&As, EU financial law, resolution and insolvency of financial institutions and financial crisis management, banking and financial regulation, Islamic law, WTO law, Preferential Trade Agreements, international investment law, sovereign debt management and restructuring, insurance law, ethics in business and finance, and corporate social responsibility. The specialisation attracts a large number of students to our LLM programme and Banking and Finance modules are amongst the most popular choices amongst our students.
Banking and Finance members are actively involved with organising and contributing to conferences across the globe. Some are regularly interviewed or quoted in the media worldwide. For example, Professor Lastra organised several high level conferences with the Bank of England and the Prudential Regulatory Authority (May and September 2013 and May 2014), with the Financial Markets Group of the London School of Economics (throughout the AY 2013-14), with Georgetown and BICCL on the interaction between WTO law and international monetary law (May 2013), with Banco de España/MOCOMILA in Madrid (September 2013), with the European Central Bank in Frankfurt (November 2013). Professor Lastra was also invited to in the Universidad de Navarra (March 2013) and Oxford (November 2013) and contributed to the conference on banking union organized by ERA and the Irish Presidency of the EU in Dublin in April 2013.
Banking and Finance members influence national, European and International financial regulatory developments. For instance, Dr Costanza Russo was invited by Sir Richard Lambert to contribute to the creation of the new Professional Body for Banking Standards advocated by the UK Parliamentary Commission on Banking Standards. Professor Rodrigo Olivares-Caminal advised the World Bank and IFC in reviewing insolvency laws in Latin American Countries as well as training judges and has also collaborated with the AfDB advising on debt contract management.
Banking and Finance members are actively involved in the LLM in Paris programme. In Paris, Dr Costanza Russo designed a series of roundtables in “Banking and Finance” bringing together practitioners and academics to discuss regulatory developments.
In terms of research outputs, Banking and Finance members have been successful in publishing books and articles in internationally refereed journals. Thus, they combine excellent in teaching with excellence in research.