Home » Departments and Centres » Law » Research & Teaching » Working Groups » Finance, Innovation and Regulation Working Group

Finance, Innovation and Regulation Working Group

Coordinators: Maria Barata, Folker de WitteNikita DivissenkoTheodora Kostoula, and Vasiliki Yiatrou

Contact: [email protected] 

The Finance, Innovation and Regulation Working Group brings together researchers working on topics related to the regulation of financial services, EU banking and capital regulation, with the aim to advance the debate on the disruptive changes and regulatory challenges brought by the recent wave of technological innovation, both at the service and infrastructure levels. Moreover, the working group is open to discussion of the Eurozone governance matters, including those pertaining to monetary policy and institutional questions. 

The group is conceived as a forum for specific discussions and presentations of papers covering this field (including peer review). Researchers and Fellows from all departments and the Robert Schuman Centre are welcome to attend and contribute as the working group seeks to facilitate synergies in research as well as interdisciplinary approaches.

The group is grateful for the support of Prof. Mathias Siems and Prof. Peter Drahos.

Academic Year 2020-2021


  • 30 November 2020: The vulnerabilities of debt in the shadow banking sector and A historical inquiry on the shadow banking (system) and the role of law in its shaping

Academic Year 2019-2020


  • 3 June 2020 - Speaker Edoardo Martino (University of Amsterdam): “Bank Decision-Making and Financial Stability: Who Should Have a Say? The Case for Granting Governance Rights to Bail-Inable Creditors”
  • 29 May 2020 - Book launch event: “European Central Banking Law: The Role of the European Central Bank and National Central Banks Under European Law” book by Christos V. Gortsos. Discussants: Mattia Guidi (University of Siena) and Christy Petit (EUI) 
  • 6 December 2019 - Speaker Noah Vardi (Roma Tre University), "Framing duties of 'responsible credit' in EU private law"
  • 22 November 2019 - First Year Researchers' Presentations (Presentations by Folker De Witte, Theodora Kostoula, and Vasiliki Yiatrou)
  • 4 November 2019 - Speaker Seraina Grünewald (University of Zürich): "The ECB as guardian of financial stability - implications for its independence"
  • 21 October 2019 - Speaker Gabriella Gimigliano (Università di Siena), "The EU framework for payment service providers: from the Second Banking Directive to the PSD2"
  • 9 October 2019 - Presentation by Prof. Filippo Zatti (University of Florence): “Entangled in Cryptoassets’ Legal Nature and Governance: Searching for Clear Boundaries or Working for their Removal?”
  • POSTPONED - Presentations on ‘shadow banking’. Speakers Evgenia Ralli (EUI) and Ross Spence (Leiden University)
  • POSTPONED - Speaker prof. Matthias Haentjens (Leiden University): “Financial Collateral: a Function of the Interaction between private and regulatory, and EU and national laws”, discussant prof. Mathias Siems (EUI)
  • POSTPONED - Speaker Konstantinos Sergakis (University of Glasgow): “When Harmonisation is not Enough: Shareholder Stewardship in the European Union”
From the academic year 2016-2017 to 2018-2019 the Working Group has been operating under the title “EU Financial and Monetary Working Group".
 

Academic Year 2018-2019


  • 19 June 2019 - Book launch "MiFID II and Private Law, Enforcing EU Conduct of Business Rules" by Federico della Negra (Supervisor in the LSI Crisis Management and Authorisations Section of the Directorate General Microprudential Supervision III of the ECB), with Prof. Danny Busch (University of Nijmegen) as discussant
  • 27 May 2019- Joint-event by the EUFML WG and the Competition Law WG - 27/05, at 9.00 am - Researchers' presentations (Sala Belvedere, Villa Schifanoia) - Papers and presentations by: Maria Ana Barata, Nikita Divissenko, Anna Nowak and Lazar Radić. 
  • 8 May 2019- Presentation by Evgenia Ralli (2nd-year PhD Law researcher) - "Where are we standing now at an EU legal institutional level in the case of the shadow banking system and which is the relation between regulatory arbitrage and the shadow banking system?"
  • 7 May 2019 - Presentation by Prof. Dr. Gudula Deipenbrock (HTW Berlin, University of Applied Sciences, visiting fellow at the EUI): "(Galloping) Digital Transformation and Financial Markets - Selected Policy Issues and Legal Challenges from a German, European and International Perspective" 
  • 6 May 2019 - Book Launch "The European Banking Union and the role of law”, edited by Dr. Gianni Lo Schiavo (Lawyer, European Central Bank, Frankfurt, Germany), with Prof. Cristie Ford (Peter A. Allard School of Law, The University of British Columbia / Fernand Braudel Fellow, EUI) as discussant
  • 12 April 2019: Presentation of paper by Marko Dimitrijević (Assistant Professor at Chair for Law and Economics, Faculty of Law University of Niš (Serbia): "The evolving concept of Lex Monetae in the contemporary European Monetary Law"
  •  20 March 2019: Presentation of research project by Cristie Ford (Professor at Peter A. Allard School of Law and Director of the Centre for Business Law) "When do bright lines make sense? Banking licenses and the banking/commercial distinction in comparative perspective?"
  • 18 January 2019: Paper presentation by Christy Petit (PhD Law researcher, EUI): "EU Banking Supervision in motion: from centralised decision-making to cooperative execution"
  • 13 December 2018: Paper presentation by Nicolò Fraccaroli and Alessandro Giovannini (ECB): "The evolution of the ECB’s accountability practices during the crisis"
  • 6 December 2018: Reading session on Legal Theory of Finance
  • 19 November 2018: Presentation by Elena Sedano Varo (PhD Law researcher, EUI): "The Banking Sector Reform in EU. Experimental Bridges between the State and the Industry"
  • 10 October 2018: Reading session on FinTech

Academic Year 2017-2018


  • 13 June 2018: Presentation by Diane Fromage (Assistant Professor of International and European Law, Faculty of Law, Maastricht University) on "Banking Union and democratic accountability mechanisms: Preliminary observations"
  • 11 June 2018: Presentation by Mikaella Yiatrou (3rd year Law researcher, EUI): "Turning Bias into Bliss: Fostering Retail Investment via Behavioural Investor Protection in the CMU"
  • 7 June 2018: May paper presentations by EUI 1st-year researchers: Nikita Divissenko, Evgenia Ralli and Konstantinos Serdaris
  • 2 May 2018: Presentation by Leo Hoffmann-Axthelm (coordinator of Transparency International EU programme) on "Informal governance, supranational regulation: assessing Eurogroup and ECB accountability" and by Tobias Tesche (SPS Department, EUI) on "The ECB’s new interinstitutional relations: Ceremonialism or true Accountability?"
  • 16-17 April 2018: 2nd-year presentations by EUI researchers from the Law Department (Anna-Maria Nowak, Promitheas Peridis, Rebecca Ravalli, Peter Sand-Henriksen, Pablo Marina Rosado, Maria Ana Barata, Leonard Feld, Letizia Gianni and Olga Ceran)
  • 20 March 2018: Presentations by EUI researchers: Christy Petit (3rd-year Law researcher), Elena Sedano (3rd-year Law researcher) and Bernardo Rangoni (Max-Weber Fellow at the EUI)
  • 20 March 2018: 3rd Reading Session on "Capital Markets Union and Supervisory Convergence"
  • 19 February 2018: Lecture by Prof. Christos Gortsos (National and Kapodistrian University of Athens) on "Prudential supervision of insurance companies and financial conglomerates under EU law"
  • 1 February 2018: Lecture by Prof. Christos Gortsos (National and Kapodistrian University of Athens) on "Micro- and macro-prudential regulation of credit institutions under EU law: the technical aspects (capital adequacy ratio, liquidity ratios, leverage ratio, buffers)" 
  • 29 January 2018: Lecture by Prof. Christos Gortsos (National and Kapodistrian University of Athens) on "Legal aspects of the “conventional” and “unconventional” ECB monetary policy" 
  • 13 December 2017: 1st-year researchers presentations: Nikita Divissenko: "How to optimize the regulation of innovative markets; Evgenia Ralli: "Under which legal framework does shadow banking system pose a systemic risk in the EU?; and Konstantinos Serdaris: "Rethinking the balance of interests in capital markets law. How could the new information paradigm in crowdfunding be normatively analyzed?"
  • 12 December 2017: TARN Lecture on "New Accountability of EU financial supervisors", by Dr Despina Chatzimanoli (European Banking Authority)
  • 1 December 2017: 2nd Reading Session on "The Shadow Banking System"
  • 17 November 2017: 1st Reading Session on "European Payment Services Providers"
  • 20 September 2017: Presentation on "Government Funding Privileges", by Ad Van Riet (Tilburg University and European Central Bank) and presentation on "ECB’s liability for announcements to the public", by Napoleon Xanthoulis, (Ph.D. Researcher, King's College London)

Academic Year 2016-2017


  • 6 June 2017: Working Group Members' presentations
  • 3 May 2017: Resolution and its Frontiers - towards an integrated Law and Economics Approach
  • 2 March 2017: Emergence of Financial Stability as a Foundational Objective in EU Law and Policy, by dr Gianni Lo Schiavo (European Central Bank), Discussant: Agnieszka Smoleńska (EUI)
  • 3 February 2017: A transaction cost approach to financial regulation: Two governance dilemmas, by Heikki Marjosola (London School of Economics)
  • January 2017: EU Banking and Monetary Law, Basic Course offered by EU FML WG coordinators
  • 13 December 2016: Reforming EMU financial, fiscal and monetary governance: economists and legal scholars in discussion, with ADEMU WG, roundtable
  • 1 December 2016: Framing the ECB’s role during the crisis: the rise of a ‘gouvernement des banquiers’?, with Florence School of Banking and Finance, Gabriel Glöckler, ECB
  • 24 October 2016: On the limits of EU economic policy coordination, Professor Päivi Leino-Sandberg, with comments by Alessandro Busca
  • 20 October 2016: Is It Made of Timber or Steel? State of Play of the Banking Union, Stefaan de Rynck (European Commission), joint-seminar with RSCAS
  • 12 October 2016: Suitability of new resolution regime for tackling systemic and structural crises in the banking sector - fine-tuning rules in transition, Jens-Hinrich Binder and Christos Gortsos

 

Page last updated on 13 November 2020