Professor Rosa Maria Lastra, LLB, MA (Valladolid), LLM (Harvard), PhD (Madrid)
Professor in International Financial and Monetary Law
Location: Lincoln's Inn Fields
email: r.lastra@qmul.ac.uk
Phone: +44 (0)20 7882 8070
Fax: +44 (0)20 7882 8101
Rosa Lastra is a Professor in International Financial and Monetary Law at the Centre for Commercial Law Studies (CCLS), Queen Mary, University of London. Prior to joining CCLS in 1996, she was Assistant Professor and Director of the International Finance and Business Program at Columbia University School of International and Public Affairs in New York.
Rosa Lastra is a member of MOCOMILA, a founding member of the European Shadow Financial Regulatory Committee, an associate of the Financial Markets Group of the London School of Economics and Political Science and an affiliated scholar of the Centre for the Study of Central Banks at New York University School of Law. From 2008 to 2010 she was Visiting Professor of the University of Stockholm.
She has served as a consultant to the International Monetary Fund, the European Central Bank, the World Bank, the Asian Development Bank and the Federal Reserve Bank of New York.
From July 2009 to June 2010 Rosa Lastra advised the International Monetary Fund on legal and policy issues associated with cross-border bank insolvency.
In November 2008 she was appointed Specialist Adviser to the European Union Committee (Sub-Committee A) of the House of Lords regarding its Inquiry into EU Financial Regulation and Responses to the Financial Crisis.
She has published extensively in the field of monetary and financial law and is a member of the Editorial Board of the Journal of International Economic Law, general editor of the Journal of Banking Regulation, and a member of the Editorial Advisory Board of the Journal of Financial Economics. She is also General Editor of the series 'Research Handbooks in Financial Law', published by Edward Elgar Publishing Ltd. Her two authored books 'Legal Foundations of International Monetary Stability' (2006) and 'Central Banking and Banking Regulation' (1996) are widely considered authoritative references in monetary law.
Publications:
Publications
Authored Books
- Legal Foundations of International Monetary Stability, Oxford: Oxford University Press, 2006, 600, ISBN: 0199269343
- Central Banking and Banking Regulation, Financial Markets Group, London School of Economics, London, September 1996, 329 + viii pages, ISBN: 0753007258.
Edited Books
- Cross-Border Bank Insolvency, Oxford University Press, Oxford, February 2011, 489 + xl pages, ISBN: 978-0-19-957707-1
- The Reform of the International Financial Architecture (Editor), London and Boston: Kluwer Law International, 2001, 370, ISBN: 9041198024
- Bank Failures and Bank Insolvency Law in Economies in Transition (Co-editor with HN Schiffman), London: Kluwer Law International, 1999, 333, ISBN: 9041197141
Refereed Articles
- Lastra, 'Systemic Risk, SIFIs and Financial Stability', Capital Markets Law Journal, Vol. 6, No. 2, April 2011, pp.197-213
- Journal of International Economic Law -'The Quest for International Law in Financial Regulation and Monetary Affairs', Volume 13 Issue 3:
- Table of contents
- Introduction
- Article with Geoffrey Wood on The Crisis of 2007-2009: Nature, Causes and Reactions, J Int Economic Law (2010) 13(3)pp. 531-550
- Article with Charles Goodhart on Border Problems J Int Economic Law (2010) 13(3) pp 705-718
- Article with Luis Garicano on Towards a New Architecture for Financial Stability: Seven Principles J Int Economic Law (2010) 13(3) pp 597-621
- Lastra, and Rym Ayadi, “Proposals for reforming deposit guarantee schemes in Europe”, Journal of Banking Regulation volume 11, number 3, June 2010, pp 210-222.
- Lastra, 'Central Bank Independence and Financial Stability', Estabilidad Financiera No. 18, Banco de España, May 2010, pp. 49-66.
- Lastra and Andrew Campbell, 'Revisiting the Lender of Last Resort', Banking and Finance Law Review, Vol. 24, No. 3, June 2009.
- Lastra, Gillian Garcia and Maria Nieto, 'Bankruptcy and Reorganization Procedures for cross-border banks in the EU: Towards an Integrated approach to the reform of the EU safety net', Journal of Financial Regulation and Compliance, Vol. 7, No. 3, 2009.
- Lastra, 'Northern Rock, UK Bank Insolvency and Cross-Border Insolvency', Journal of Banking Regulation, Vol. 9, No. 3, May 2008, pp. 165-186.
- Lastra and Lee Buchheit, 'Lending into Arrears - a Policy Adrift', The International Lawyer, Vol. 41, No. 3, Fall 2007, pp. 939-955
- Risk-based Capital Requirements and their Impact upon the Banking Industry: Basel II and CAD III [2004] 12(3) Journal of Financial Regulation and Compliance 225-239, ISSN: 1358-1988
- The Governance Structure for Financial Supervision and Regulation in Europe [2003] 10(1) Columbia Journal of European Law 49-68, ISSN: 1076-6715
- Cross-Border Bank Insolvency: Legal Implications in the Case of Banks Operating in Different Jurisdictions in Latin America [2003] 6(1) Journal of International Economic Law 79-110, ISSN: 1369-3034
- IMF Conditionality [2002] 4(2) Journal of International Banking Regulation 167-182, ISSN: 1465-4830
Book Chapters
- Lastra and Rodrigo Olivares Caminal, 'From Consolidated Supervision to Consolidated Resolution', book chapter [Chapter 17] in Managing Risk in the Financial System, John Raymond LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh (eds), 2011, pp. 308-332.
- Lastra, 'The Role of the IMF as a Global Financial Authority', book chapter in European Yearbook of International Economic Law (EYIEL), edited by Christoph Herrman and Jörg Philipp Terhechte, Springer, Vol 2 (2011), pp. 121-136.
- Lastra and Rodrigo Olivares-Caminal, 'Cross-Border Insolvency: The Case of Financial Conglomerates' chapter 17 in Financial Crisis Management and Bank Resolution edited by Raymond LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh, Informa, London, 2009, pp.269-289.
- Lastra, 'Northern Rock and Banking Law Reform in the UK', in The Failure of Northern Rock: a Multi-Dimensional Study, edited by Franco Bruni and David Llewellyn, SUERF Studies 2009/1, SUERF, Vienna, pp. 131-154.
- Lastra, Rosa and Fabian Amtenbrink, 'Securing Democratic Accountability of Financial Regulatory Agencies - A theoretical framework', book chapter in Mitigating Risk in the Context of Safety and Security. How Relevant is a Rational Approach? Edited by RV de Mulder (rotterdam: Erasmus School of Law and Research School for Safety and Security (OMV) 2008, pp 115-132, ISBN 987-90-5677-0686-6
- Lastra, 'Cross Border Resolution of Banking Crises', Douglas D Evanoff, John Raymond LaBrosse and George G Kaufman (eds.), Book chapter in International Financial Instability: Global Banking and National Regulation, Vol. 2, Singapore, World Scientific Publishing Company Pte Ltd, 2007, pp. 311-330
- Regulating European Securities Markets: Beyond the Lamfalussy Report, in M. Andenas and Y. Avreginos (Editors), Financial Markets in Europe: Towards a Single Regulator?, London: Kluwer Law International, 2003, 211-222, ISBN: 9041121595
- Comparative Aspects of Depositor Protection Schemes: Comparative (Co-author with D. Arner) in D. Arner and J. Lin (Editors), Financial Regulation: A Guide to Structural Reform, Hong Kong: Thomson Sweet & Maxwell Asia, 2003, 463-478, ISBN: 9626611979
- Cross-Border Trade in Banking Services, in G. Alpa and F. Capriglione (Editors), Diritto Bancario Comunitario: Le Leggi Commentate, Turin: UTET, 2002, 433-455, ISBN: 8802059209
- Cross-Border Trade in Financial Services, in I. Fletcher, M. Cremona and L. Mistelis (Editors), Foundations and Perspectives of International Trade Law, London: Sweet & Maxwell, 2001, 428-436, ISBN: 0421741007
- Public Accountability in the Financial Sector (Co-author with H. Shams), in E. Ferran and C. Goodhart (Editors), Regulating Financial Services and Markets in the 21st Century, Oxford: Hart Publishing, 2001, 165-188, ISBN: 1841132799
- Central Bank Independence in Ordinary and Extraordinary Times (Co-author with G. Miller), in Jan Kleineman (Editor), Central Bank Independence: The Economic Foundations, the Constitutional Implications and Democratic Accountability, Stockholm: Norstedts Juridik, 2001, 31-50, ISBN: 9139006867
- The Bretton Woods Institutions in the XXIst Century, in R. Lastra (Editor), The Reform of the International Financial Architecture, London: Kluwer Law International, 2001, 67-90, ISBN: 9041198024
Other Selected Publications
- The Governance Structure for Financial Regulation in Europe, London: LSE Financial Markets Group, 2001
- Lastra and Gabriel Gari, 'Assessing the Lamfalussy process: successes and failures' Butterworths Journal of International Banking and Financial Law (JIBFL), July-Aug 2009, pp. 379-383.
- Lastra, 'Financial Law Reform in Emerging Economies', Journal of International Banking Law and Regulation, Issue 8, July 2008, pp. 413-421
- How Much Accountability for Central Banks and Supervisors? [2001] 12(2) Central Banking 69-75, ISSN: 0960-6319
- Central Banking and Banking Regulation, London: Financial Markets Group, London School of Economics, 1996, 329, ISBN: 0753007258
Research interests:
Financial law and regulation, central banking, international banking, international monetary law, law reform in emerging economies, law and economics, EU financial law, bank resolution and insolvency and financial crisis management.

