Research interests

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Joanna's research interests focus on legal risk in the international financial markets.

She is currently writing a major book entitled Financial Law (OUP forthcoming 2007), which will offer for the first time an integrated cross sectoral and functional approach to the law and regulation of the insurance, derivatives, banking, capital and investment management markets.

As a member of the Financial Markets Law Committee, Joanna is involved in assessing legal risk in the wholesale financial markets. www.fmlc.org. Member of the FMLC's working party on indirectly held securities and author of "Principles for Securities Statute", Financial Markets Law Committee, 2004, http://www.fmlc.org.

Joanna is a UK delegate to the EU Legal Certainty Project on Clearing and Settlement, which is assessing the substantive law supporting EU securities clearing and settlement.

Joanna is assisting the Law Commission in its project on property rights in investment securities. http://www.lawcom.gov.uk/investment_securities.htm

She was part of the UK delegation to the UNIDROIT Committee of Governmental Experts for the preparation of a draft Convention on Substantive Rules regarding Intermediated Securities, November 06.

External activities

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Consultancy and advice to the public sector:-

- delegate to Unidroit committee of governmental experts, intermediated securities, Nov 06

- addressed EU Council as English expert in relation to proposed law reform relating to indirectly held securities, Oct 06.

- Assisting the Law Commission in relation to indirectly held securities (2005 - present);

- Assisted Central Bank of Ireland in relation to securities lending (2005);

- Member of Bank of England's Financial Markets Law Committee (2002 - present);

- Member of Financial Markets Law Committee working party on indirectly held securities (2002 – 2005)

- UK delegate, European Commission clearing and settlement legal certainty project (2005 - present)

 Consulted by Law Commission in relation to proposed reform of corporate securities law (2002 – 2004).

- Consulted by UNIDROIT concerning right of use of securities collateral (2003)

- Member of International Bar Association Legal Risk Committee (2003 - 4)

- Assisting London Economics in consultancy to European Commission on competition issues on EU securities markets (2003 – 4);

- Invited to address the European Central Bank and delegates from EU national central banks on legal aspects of straight through processing (2002);

- Consulted by The World Bank in relation to financial collateral survey (2002);

- Director, Centre for Law Reform (CLR). Through CLR: assisting HM Treasury in connection with the Electronic Communications Act 2000 (currently); assisted the Law Commission in connection with proposed reform of law relating to trade finance (1999 – 2000); assisted the Bank of England in connection with the merger of the Central Moneymarkets Office with CREST (1999);

- At the Financial Law Panel assisted HM Treasury and The Financial Services Authority in the development of policy for regulating financial services on the Internet (1998-9).

- Member of Financial Law Panel working parties on E-Commerce and Jurisdiction, and E-Commerce and Substantive Law (2000 - 2002);

- Member of International Swaps and Derivatives Association Working Party of EU Collateral Law Reform (1999 – 2000);
- Member of Bank of England Working Party on the Dematerialisation of Securities (1998 - 2001);

- Assisted World Bank on collateral and derivatives (1998);

- Chair of practitioners' working group on conflict of laws and immobilised securities (1998);

- Member of Trust Law Committee Working Party on Equitable Problems in the Financial Markets (1996);

- Assisted Financial Services Authority in connection with regulation of custody of investments (1994 – 2001);

- Member of Law Society Standing Committee on Company Law, CREST Working Party (1994 –2001);

- Assisted Bank of England to advise on collapse of TAURUS (1993);

- Regular submissions to regulatory and governmental bodies concerned with international financial law (1993 – present)

Editing:-

- Editor and Member of Core Steering Committee, Butterworths Journal of International Banking and Financial Law

- invited to join advisory board of Capital Markets Law Journal

While in practice:-

- Described by the Financial Times as "a leading authority on the law relating to international clearing systems and the international trade in securities", March 1998;

- Cited in Chambers and Partners Directory as "a market leader in financial services law" (1997/8);

- Cited in The Legal 500 as "particularly well regarded in financial services";
(Financial Services) (1996).

Teaching

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• [information pending]

Books

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Financial Law (Oxford University Press, 2007)

The Law of Global Custody (with Madeleine Yates) (Butterworths, 1996, 2nd edition 2003)

Interests in Securities (Oxford University Press, 2000)

Selected articles and chapters in books

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"The Sources of Legal Risk", Butterworths Journal of International Banking and Financial Law, April 2004, special supplement.

"An Introduction to Managed Funds", Butterworths Journal of International Banking and Financial Law, December 2004 and January 2005.

"Overview of the Post Trade Infrastructure", Butterworths Journal of International Banking and Financial Law, March, April and May 2003.

"The Dematerialisation of Money Market Instruments", in Commercial Law and Commercial Practice, S. Worthington (ed.), 2003, Hart.

Chapter on English Law, Cross Border Collateral: Legal Risk and Conflict of Laws London, Butteworths, 2002 (with Guy Morton and Richard Potok).

"Intermediary Credit Risk in the Indirect Holding System for Securities", Duke Journal of Comparative and International Law, 2002 (with Steven Schwarcz).

"Security of Transfer and Formalities of Transfer in the Electronic Financial Markets", Butterworths Journal of International Banking and Financial Law, March 2001.