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Short Course on Financial Services and Markets Regulation

All speakers have been a privilege to listen to and benefit from their experience. Thank you!


The Course Director is currently re-developing the Short Course for 2022.

 If you would be interested in attending, please notify Amanda Tinnams, Email:    


The following related courses are currently running:




The Short Course on Financial Services and Markets Regulation is a one week executive education course.

Course organiser: Jo Braithwaite, LSE Law School LSE,

Course administrator: Amanda Tinnams, LSE Law School, LSE

Aims, target market, structure and timing


  • to take a critical and reflective stance on key issues and drivers of financial regulation;

  • to provide a contextual understanding of regulatory provisions and recent changes; and

  • to facilitate strategic decision making by financial institutions, legal advisors and regulators

Target market

  • those with experience in the markets who are moving into positions which require a greater familiarity with the key requirements of financial regulation, e.g. into significant influence functions or different areas of practice

  • regulators seeking the opportunity to gain a deeper evaluation of key issues

  • regulators and practitioners from outside the UK/EU seeking to understand the changes at the global level and in the EU & UK regulatory landscape

Structure and delivery

  • Five sessions per day of 60-75 minutes per session; sessions taught by leading academics and practitioners

Timing for each day

  • Each day will run from 9.15am–4.45pm

Topics (tbc)

  • reforming global, national and EU structures of financial regulation in the wake of the crisis
  • financial stability and how to address the 'too big to fail, to interconnected to fail' problem
  • market transparency and the role of disclosure
  • derivatives trading
  • the role of gatekeepers
  • client protection including client money
  • financial crime
  • corporate governance of banks and the role of NEDs
  • risk management within financial institutions
  • the balance between the roles of governments and markets in regulating the financial system

Academic staff (subject to availability)

Dr Jo Braithwaite is an Associate Professor in international commercial finance law, having joined the LSE in September 2008. She has a PhD from the University of London, a LLM degree from the University of Pennsylvania where she was a Thouron scholar and a BA(Hons) from the University of Oxford. She was awarded a Modern Law Review Scholarship during her PhD. Before undertaking her PhD, she qualified as a solicitor and practised in a City law firm. In previous teaching roles, she has taught debt finance, civil litigation, legal methods and writing and public law. Her current and ongoing research interests relate to the use of private law in the international markets, with a particular focus on the use of standard form contracts. Email:

Professor David Kershaw joined the LSE in 2006. Prior to joining the LSE he was a Lecturer in Law at the School of Law at the University of Warwick between 2003-2006. He qualified as a Solicitor at Herbert Smith and practiced corporate law with Wolf Theiss & Partners, Vienna and in the Mergers & Acquisitions Group of Shearman & Sterling in New York and London. He holds degrees from the University of Warwick and Harvard Law School.  He has written extensively on issues relating to corporate governance and takeovers, and his most recent books are Principles of Takeover Regulation (Oxford University Press, 2016) andThe Foundations of Anglo-American Fiduciary Law (Cambridge University Press: 2018). Email:

Dr Eva Micheler studied law at the University of Vienna and at the University of Oxford before joining the LSE Law School in 2001. She is an Associate Professor in Law at the London School of Economics and an ausserordentlicher Universitätsprofessor at the University of Economics in Vienna, where she took Habilitation in 2003. Eva Micheler is also on the management committee of the Systemic Risk Centre at LSE. She was a TMR fellow at the Faculty of Law of the University of Oxford and teaches regularly at Bucerius Law School in Hamburg.

Eva Micheler has written widely on corporate and comparative law. Intermediated securities and holding and transfer systems have been a significant focus of her work. She is a member of the Investor Protection and Intermediaries Standing Committee at the European Securities Markets Authority. She recently advised the UK Department of Business, Innovation and Skills on questions relating to intermediated shareholdings. Professor Micheler’s work has been cited by the UK Supreme Court and by the Austrian Oberster Gerichtshof. She contributes to Gower and Davies, Principles of Modern Company Law and to Gore-Brown on Companies.

Dr Jo Eric Kushal Murkens studied English and European Law in London and Copenhagen, and wrote his PhD at the European Institute in Florence. Email:

Dr David Murphy is founder and principal of Rivast consulting, a leading financial risk management and regulatory consulting firm. He is the author of numerous articles on risk management, financial regulation and market infrastructure and has worked with central banks, investment banks and asset managers on derivatives, capital and market infrastructure issues. His most recent book, OTC Derivatives: Bilateral Trading and Central Clearing appeared from Palgrave Macmillan in 2013.

 His prior roles include Global Head of Risk at ISDA, where he was responsible for all of ISDA’s activities relating to capital, risk management and accounting standards as well as leading ISDA’s research effort.

Before that, Dr Murphy was the Chief Operating Officer at Merrill Lynch’s Reinsurance Group, and he has had held a number of other senior risk management roles in leading banks and broker/dealers. 

Dr Philipp Paech joined the LSE in 2010 as an Assistant Professor of Financial Law and Financial Regulation, He is the Director of the LSE’s Law and Financial Markets Project and a research fellow at the Institute for Law and Finance in Frankfurt. Before joining the LSE, Philipp spent many years at the heart of international legal and regulatory reform of the financial sector, working from 2007-2010 or the European Commission’s directorate for financial services in Brussels and from 2002-2006 for UNIDROIT in Rome. Philipp 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.

Ms Sarah Paterson is an Assistant Professor of law at the LSE where she teaches and researches corporate insolvency and restructuring law.  Before joining the LSE, Sarah was a partner in the Restructuring and Insolvency Group of Slaughter and May, with whom she retains a senior consultancy.  She has written widely on the topic of financial distress, including the implications of increasing access to the high yield market by UK issuers for debt restructuring, the implications of changes in the finance market for debt restructuring theory, valuation in financial institution bail-in and developing cooperation between the finance industry and the state in modern markets.  She is a member of the Council of the Insolvency Lawyers’ Association, the technical committee of the Insolvency Lawyers’ Association, Chair of the Insolvency Lawyers’ Association Insolvency & Restructuring Scholarship Committee and a member of the General Technical Committee of R3.

Professor Michael Power is Professor of Accounting and Research Theme Director of the ESRC Centre for the Analysis of Risk and Regulation (CARR) at the London School of Economics, where he has worked since 1987.  He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and an Associate member of the UK Chartered Institute of Taxation. He is a member of the risk management committee of the London School of Economics and, since May 2005, is a non-executive Director of St James’s Place plc where he is chair of the Risk Committee. In 2009 he was awarded and honorary doctorate in Economics by the University of St Gallen, Switzerland.  Email:

Deborah A. Sabalot has advised a wide range of financial sector clients on UK and international banking and financial services regulatory and compliance issues. She was a co-opted member of the Securities and Futures Authority's Conduct of Business Sub-Committee from 1992 to 2001 and she is currently an adviser to the Electronic Money Association, a trade association representing the members of the e-money industry. 

Deborah is also the consultant editor of the Butterworth’s Financial Services Law Handbook, the eighth edition of which was published in 2007 and she has contributed many articles and has spoken at a wide range of conferences in London and abroad. She advised Lords Sharman and Newby in relation to the passage of the Financial Services and Markets Act 2000 in the House of Lords. Deborah has served as a member of the Financial Services Authority's Working Party on Client Money and Assets and she has contributed to working groups of the Financial Markets Law Committee and its predecessor, the Financial Law Panel.

Deborah A. Sabalot Regulatory Consulting was founded in March 2005 to undertake independent legal and regulatory services. Prior to that, Deborah Sabalot was a partner of PwC Legal, the associated law firm of PricewaterhouseCoopers from 2002 to 2005. Previously she had held an “of counsel” role at Lovells from 2000 to 2002. Deborah was Director of Regulatory Services at KPMG from 1995 and was a senior lawyer in Clifford Chance's Financial Services Group from 1988 to 1995.  Email:

Watkin Samuel is a twenty year post qualified solicitor specialising in financial services regulation and compliance. During this period he has held a variety of related roles at leading city institutions including Clifford Chance, NM Rothschild, Fidelity Investments, the Hypo Real Estate Group, Harwood Capital LLP and Ares Management Limited. Product experience includes lending, investment banking, investment management (retail and alternative), private equity, multi-product trading, money services business and Fin Tech. He is currently Head of Legal and Compliance at Goji Investments.

For the past fifteen years Watkin has also lectured part-time at the London School of Economics and spoken at various industry conferences. In 2010 Watkin was nominated Compliance Officer of the Year and was Chair of the British Property Federation Regulatory Committee between 2012 and January 2014. In December 2014 Watkin was included in the FT’s Power Part Time 50 List and he is also a serving Magistrate on the Central Kent Bench.

Edmund-Philipp Schuster joined LSE as an Assistant Professor in 2010. Prior to joining the law school, he practiced corporate law with Baker & McKenzie LLP in London and Vienna. From 2004 through 2009 he worked for the Austrian Takeover Commission, serving as head of office (2006-2008) and legal consultant (2008-2009). Edmund taught company and commercial law at the Vienna University of Economics and Business Administration and at the University of Applied Sciences bfi Vienna. He also worked as a company law expert on an EU project providing pre-accession technical assistance to the Republic of Albania. Edmund holds law degrees from the University of Vienna and the LSE. Email:

Dr Roel Theissen (1968) has worked in the area of banking supervision since 1997; first at the Dutch banking supervisor, then on secondment to CEBS (the Committee of European Banking Supervisors, which has since become the European Banking Authority). He has focused on regulation and policy development both domestically (in the Netherlands) and cross border (within the EU and in the Basel context). His investigation of banks and their functioning also led to work on cross-sectoral cooperation with insurance and securities supervisors.

Since 2009 he has been lecturing and writing on prudential supervision in the financial sector. Apart from prudential supervision on banks in the EU, this relates to related areas including insurance supervision, the back office of trading venues, conduct of business policy, and the interaction between the EU, its member states and third countries. Main publications include a handbook on the content of prudential banking supervision (EU Banking Supervision), and an analysis of how to define and achieve the goals of banking supervision (Are EU Banks Safe?). Roel Theissen is a lawyer specialising in prudential supervision issues'.

Dr Simon Witney is private equity lawyer at international law firm Debevoise & Plimpton. He advises private equity houses and their investors on investments, fund structuring and regulation.  He sits on the Council of the BVCA (the UK's private equity industry association) and is immediate past-Chair of its Legal and Accounting Committee.  He is also a past Chair of the Tax, Legal and Regulatory Committee of Invest Europe (the pan-European private equity and venture capital industry association).  His doctoral research at LSE, which he completed in 2017, looked at the corporate governance mechanisms in private equity-backed companies. Email:


The London School of Economics and Political Science is one of the major world centres for research and teaching in the social sciences. It has an outstanding reputation, not only in Economics, but also in all the social sciences and closely related subjects such as Government, History, Law and Philosophy. There is a constant interchange of ideas and knowledge between the School and the outside world, notably in relation to regulation.

The London School of Economics and Political Science is the only university in Britain to offer a multi-disciplinary Masters Degree in Regulation

The Short Course on Financial Services and Markets Regulation will be delivered at LSE, Houghton Street, London, WC2A 2AE, or at a nearby location.

Click here for details on travelling to LSE.

Schedule (tbc)

Day 1: Financial Regulation: Roles, Structures and Reforms (Monday)

  • Rethinking Financial Regulation

  • Regulatory Architecture – Global Financial Regulation

  • Financial Stability and the Post-crisis Financial System (1)

  • Financial Stability and the Post-crisis Financial System (2)

Day 2: Bank Governance, Prudential Regulation and Derivatives (Tuesday)

  •  Prudential Regulation of Banks (1)

  • Prudential Regulation of Banks (2)

  • Prudential Regulation of Insurance Companies

  • Banks Corporate Governance

  • Derivatives Fundamentals – Contracting, Function and Legal Risks

Day 3: Bank Resolution, Trading Venues and CCPs  (Wednesday)

  • Bank Resolution (1)

  • Bank Resolution (2)

  • Trading Venues

  • Managing Risk within Financial Institutions

  • Derivatives (2): Post-crisis Regulation

Day 4: Alternative Investment Funds; Regulating Market Participants Private Equity (Thursday)  

  • Regulating alternative investment funds

  • Senior managers’ liability

  • Anti-money laundering

  • Insider trading and market abuse

Day 5: Regulation and compliance in the financial markets; new financial technology  (Friday)

  • Conduct of business rules

  • Client money

  • Brexit

  • Holding, clearing and settling securities through blockchain technology: lesson from bitcoin 

Further information

For further information about this course, please contact the course administrator:

Mrs Amanda Tinnams



Special requirements

Please notify Amanda Tinnams if you have a dietary requirement or if you have a disability.



Participant Feedback

Overall I thought the course was excellent from content, delivery and point of view.
All of the speakers were excellent.
All speakers have been a privilege to listen to and benefit from their experience. Thank you!