About me

Dr Philipp Paech is an Associate Professor of Financial Law and Regulation at LSE. He joined LSE in 2010 and is now the Director of LSE’s Law and Financial Markets Project. Since 2007, he has been a Fellow at the Institute for Law and Finance at the University of Frankfurt, becoming a Visiting Professor in 2015. Before joining the LSE, he spent many years at the heart of international legal and regulatory reform of the financial sector, working from 2007-2010 for the European Commission DG FISMA, and from 2002-2006 for UNIDROIT in Rome.

Dr Paech holds a doctorate from the University of Bonn and obtained the Diploma of EU Studies from the University of Toulouse. He is a qualified lawyer admitted to the Bar of Frankfurt and a CEDR-accredited mediator in the UK.

He has been awarded LSE’s Excellence in Education Award 2017-18. In 2018/19, Dr Paech was the chairman of the EU Commission’s expert group on Fintech regulation, and the main author of its '30 Recommendations on Regulation, Innovation and Finance'. [view report]

Administrative support: Law.Reception@lse.ac.uk

'The Governance of Blockchain Financial Networks' Modern Law Review (2017) 80 (6) pp.1073-1110
'Repo and Derivatives Portfolios Between Insolvency Law and Regulation' Law, Society and Economic Working Paper Series 13/2017
'The Governance of Blockchain Financial Networks' Law, Society and Economic Working Paper Series 16/2017
'Securities, intermediation and the blockchain - an inevitable choice between liquidity and legal certainty?' Uniform Law Review (2016) 21 (4) pp.612-639
'The Value of Financial Market Insolvency Safe Harbours' Oxford Journal of Legal Studies (2016) 36 (4) pp.855-884
'The Value of Insolvency Safe Harbours' LSE Law Society and Economy Working Paper Series, 09-2015. Forthcoming in the Oxford Journal of Legal Studies 1-2016
'Securities, intermediation and the blockchain - an inevitable choice between liquidity and legal certainty?' LSE Law and Economy Working Paper Series 20/2015
'Close-Out Netting, Insolvency Law and Conflict-of-Laws' Journal of Corporate Law Studies 14 (2) (2014) pp.419-452
'Shadow Banking – legal issues regarding collateral and insolvency law' Briefing for the European Parliament’s ECON Committee (2013)
‘Study on Directors’ Duties and Liability in Europe’ (2013), prepared for the European Commission (with Carsten Gerner-Beuerle and Edmund-Philipp Schuster)
Enforceability of Close-out Netting: Draft UNIDROIT Principles to Set New International Benchmark, by Philipp Paech. (2013) 1 JIBFL 13, Butterworths Journal of International Banking and Financial Law, January 2013, pp 13-19
'Market Needs as Paradigm: Breaking Up the Thinking on EU Securities Law' by Philipp Paech. Law Society and Economy Working Paper Series, WPS 11-2012 October 2012 (published in Thévenoz, Conac and Segna, Intermediated Securities, Cambridge University Press, 2013)
'Draft Principles and Commentary regarding the Enforceability of Close-out Netting Provisions' UNIDROIT 2012 Study 78C – Doc. 13 (April 2012).
Kanda/Thévenoz/Beraud, Official Commentary on the Geneva Securities Convention on Substantive Rules for Intermediated Securities, Oxford University Press (2012); Initial author of Article 1(b), Article 1(c), Article 1(d), Article 1(n) with K. Löber, Article 1(o) with K. Löber, Article 5, Article 6, Article 22, Article 27 with K. Löber.
Cross-border issues of securities law: European efforts to support securities markets with a coherent legal framework (Briefing for the ECON Committee of the European Parliament)
'The need for an international instrument on the enforceability of close-out netting in general and in the context of bank resolution' UNIDROIT 2011 Study 78C – Doc. 2.
'A first tentative structure for Principles regarding the enforceability of netting agreements' UNIDROIT 2011 – Study 78C – Doc. 3
'Netting, Finanzmarktstabilität und Bankenrestrukturierung', WM Zeitschrift für Wirtschafts- und Bankrecht 64(2010) 1965-1971
'Systemic risk, regulatory powers and insolvency law – the need for an international private law framework for netting' Institute for Law and Finance Working Paper, Series No. 116, Frankfurt, March 2010
'Post trading of securities: the European response to legal barriers' Journal of International Banking and Financial law, 4/2009, 211-214 (with K. Löber)
Solutions to legal barriers related to post-trading within the EU (Second Advice of the EU Clearing and Settlement Legal Certainty Group - LCG), Brussels, August 2008 (co-authored as part of professional assignments)
'Interconnecting Law of Securities Holding and Transfer' Journal of International Banking and Financial Law, 1/2007, p. 9-15, with K. Löber.
'EU Post Trading, the 'Barriers' and Harmonisation of Law' Euredia, Brussels 2006, p. 279-307
'Enhancing Legal Certainty over Investment Securities' (special editor of the volume, as part of professional assignments), Uniform Law Review special issue No. 1/2 2005, 295 p., Rome 2005
'Global Capital Markets and the law of intermediated investment securities', inKodificácia, Europpeizácia a harmonizácia súkromného Práva, Iura Edition, Bratislava 2005
'Grenzüberschreitende Wertpapierverfügungen', Wertpapiermitteilungen (WM) 2005, pp. 1101-1108

Dr Paech regularly leads research projects, mainly for the public sector, including for the UK’s Foreign and Commonwealth Office and the European Commission.

He is currently the chairman of the EU Commission’s ROFIEG expert group on the future of regulating Fintech.

Dr Paech’s research relates the antagonistic relationship between risk and liquidity, concentrating on legal risk management within financial institutions, and on the international compatibility of legal and regulatory regimes. Since 2016 he works on global regulation of Fintech and Blockchain, which includes running a specialist blog on that subject. Being an accredited mediator, he has also developed a keen scientific interest in mediation of international public-sector and commercial disputes.

LL406E Regulation of Financial Markets I

LL407E Regulation of Financial Markets II

LL410E International Financial Law and Practice I

LL411E International Financial Law and Practice II

LL4BF International Financial Regulation

LL4H4 International Financial Law

LL4L1 The Theory and Practice of Alternative Commercial Dispute Resolution

LL4L7 Advanced Mediation and Negotiation