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Centre for Commercial Law Studies

CCLS Lunch Time Lecture on 'Shadow Banking and Limited Liability'

25 June 2014

Time: 12:30 - 2:00pm
Venue: Lecture Theatre, The Centre for Commercial Law Studies, Queen Mary University of London, 67-69 Lincoln's Inn Fields, London WC2A 3JB

Distinguished Speaker: Professor Steven Schwarcz (Duke University, US)

Steven Schwarcz
Steven Schwarcz

Professor Steven L Schwarcz is the Stanley A Star Professor of Law and Business at Duke University and Founding Director of Duke’s interdisciplinary Global Capital Markets Center. His areas of research and scholarship include insolvency and bankruptcy law; international finance, capital markets, and systemic risk; and commercial law.

Prior to joining the Duke faculty, he was a partner at two leading international law firms, where he represented top banks and other financial institutions in structuring innovative capital market financing transactions, both domestic and international. He also helped to pioneer the field of asset securitisation, and his book, Structured Finance, a Guide to the Principles of Asset Securitization (3rd edition), is one of the most widely used texts in the field.

Professor Schwarcz has been the Leverhulme Visiting Professor at the University of Oxford, Visiting Professor at the University of Geneva Faculty of Law, Senior Fellow at The University of Melbourne Law School and an adviser to the United Nations. He has given numerous endowed or distinguished public lectures, including at The University of Hong Kong, the University of Oxford (the Leverhulme Lectures 2010), Georgetown University Law Center, National University of Singapore and The National Assembly of the Republic of Korea. He also has given numerous keynote speeches, including at conferences of the European Central Bank, the Corporate Law Teachers Association of Australia, New Zealand, and Asia-Pacific, Moody’s Corporation, and the Asian Securitisation Forum.

Additionally, he has testified before the US Congress on topics including systemic risk, securitisation, credit rating agencies and financial regulation and has advised several US and foreign governmental institutions on the financial crisis. Professor Schwarcz is a Fellow of the American College of Bankruptcy, a Founding Member of the International Insolvency Institute, a Fellow of the American College of Commercial Finance Lawyers and Business Law Advisor to the American Bar Association Section on Business Law.

Professor Schwarcz’s lecture will be based on his article ‘The Governance Structure of Shadow Banking: Rethinking Assumptions About Limited Liability’.


  • 12:30 – Registration and sandwich lunch
  • 13:00 – 14:00 - Lecture

Chair: Professor Alan Dignam

Commentator: Dr Andromachi Georgosouli

CPD Points

This event is accredited for 1 CPD Point.


For directions to the venue, please refer to the map.

How to Book

Please register via the Queen Mary eshop.


  • Practitioners - £50.00
  • QMUL Alumni, academics, barristers, NGO’s, Government organisations - £30.00
  • Non-QMUL Students - £10.00

Queen Mary University of London students

QMUL students who wish to attend this event should pay a deposit of £10 by cash or cheque to the CCLS events team, on the 4th Floor at CCLS, 67-69 Lincoln's Inn Fields, London WC2A 3JB. Payments will be taken between 2pm and 3pm on Monday 16 June and Tuesday 17 June. Please contact with any questions. 


For more information, please contact Ms Katherine Zaim on

Photography, video and audio recording

Please note that CCLS events may be photographed or video and audio recorded. These materials will be used for internal and external promotional purposes only by Queen Mary University of London. If you object to appearing in the photographs, please let our photographer know on the day. Alternatively you can email CCLS Events Manager, Katherine Zaim, on in advance of the event that you are attending.