Description

This seminar explores the new frontiers of open banking and cryptocurrencies for payment systems from the perspective of inclusive financial development. Enhancing the appropriate public policy on financial data and the availability of ‘open data’ for use by other firms and investors represent the main challenges for regulators. The access to financial data is a ‘public good’, which requires coordination at industry level and may even require ad hoc intervention to ensure that the data needs of industry and policymakers are met appropriately. In parallel, there is a public interest in data access to expand financial inclusion and thus mitigate inequalities and forms of social discrimination among customers. Data access becomes the new paradigm of financial inclusion both in terms of sustainable expansion of microfinance and efficient and inclusive delivery of technological innovations. This justifies a regulatory intervention aiming to establish inclusionary programmes for consumers impeded to open bank accounts in developing countries, in the UK, and globally.

About the Speakers

Dr Andreas Kokkinis joined the University of Birmingham in September 2020 as a Senior Lecturer. Prior to that he was Associate Professor at Warwick Law School which he joined in 2013, and also taught at UCL, the University of Kent and Buckingham University. He holds a PhD from University College London (2014), an LLM from the London School of Economics (2009) and an LLB from the National University of Athens (2008). He qualified as an advocate in Greece in 2011. He has published widely in the areas of corporate governance, bank corporate governance and financial regulation, and engages regularly with policy makers and the media. He is a member of the Editorial Board of the Law and Economics Yearly Review. His monograph, Corporate Law and Financial Instability (Routledge, 2017) critiques the corporate law framework for UK banks from a prudential regulatory perspective. More recently, he has published articles critiquing the bonus cap on bank managers’ variable remuneration, proposing a flexible model for employee participation in corporate governance, and identifying the strategies through which senior management and shareholder incentives undermine regulatory objectives on NPL disclosure.

Dr Andrea Miglionico is a Lecturer in Banking and Finance Law at Reading University. He obtained his PhD in law at Queen Mary, University of London and his LLM Master of Laws in Banking Law and Financial Regulation at the London School of Economics and Political Science. Dr Miglionico primarily carries out research in the areas of Banking and Finance Law, Regulation of Financial Markets, Law and Economics. Much of his research work also focuses on non-performing loans, banking resolution and RegTech on banking compliance. Having published several journal articles and being involved in the analysis of several cases of banks in distress, Dr Miglionico’s research assesses the restructuring mechanism for failing banks, mergers and acquisitions of banks and bank customer relationships.

This webinar is part of the CBFL Future for Banking and Finance series.

Who should attend

Academics, lawyers, in-house counsel, policymakers