4th Edinburgh Fintech Law Lecture - Central bank digital currencies and the case for public money
From Iain Mcgee
Central bank digital currencies (CBDCs) and the case for public money
Professor Rosa Lastra, Sir John Lubbock Chair in Banking Law, Centre for Commercial Law Studies, Queen Mary University of London
Chaired by Lady Wolffe, Hon Professor, University of Edinburgh, and Formerly a Commercial Judge in the Court of Session
About the speaker
Professor Dr Rosa María Lastra is the Sir John Lubbock Chair in Banking Law and Chair of the Institute of Banking and Finance Law the Centre for Commercial Law Studies (CCLS), Queen Mary University of London. She is a member of the Monetary Committee of the International Law Association (MOCOMILA), founding member of the European Shadow Financial Regulatory Committee (ESFRC), research associate of the Financial Markets Group of the London School of Economics and Political Science, member of the European Banking Institute (EBI), member of the European Law Institute (ELI), member of the Sovereign Debt Scoping Forum of the FMLC (Financial Markets Law Committee), member of the International Insolvency Institute, member of the British Insurance Law Association and member of SUERF (the European Money and Finance Forum). She has served as a consultant to the International Monetary Fund, the European Central Bank, the World Bank, the Asian Development Bank, United Nations (UNCTAD) and the Federal Reserve Bank of New York. From November 2008 to June 2009 she acted as 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 is a member of two expert panels of the European Parliament: the Monetary Panel since 2015 and the Banking Union (Resolution) Panel since 2016. She has contributed as expert witness in international arbitration cases.
In 2021, Professor Lastra has been appointed specialist adviser to the House of Lords in an inquiry on the Quantitative Easing (QE) programme of the Bank of England, conducted by the House of Lords Economic Affairs Committee (ECAM) chaired by Lord Forsyth of Drumlean [The inquiry terms of reference are available online]
Prior to coming to London, she was Assistant Professor of International Banking at Columbia University School of International and Public Affairs in New York (1993-1996). From January 1992 to September 1993 she was a consultant in the Legal Department of the International Monetary Fund in Washington D.C. From 2008 to 2010 she was a Visiting Professor of the University of Stockholm. Professor Lastra is co-director of the Sovereign Debt Forum, a collaboration between Georgetown and Queen Mary, and Principal Investigator in the Legal and Economic Conceptions of Money project funded by the ESRC under the Rebuilding Macroeconomics network (NIESR).
She studied at Valladolid University, Madrid University, London School of Economics and Political Science and Harvard Law School (Fulbright Fellow). Her publications include numerous articles in internationally refereed journals and several books: Research Handbook on Law and Ethics in Banking and Finance (Elgar, co-edited with Costanza Russo and William Blair, 2019), Research Handbook on Central Banking (Elgar, 2018, co-edited with Peter Conti-Brown), International Financial and Monetary Law (Oxford University Press, 2015, authored), Sovereign Debt Management (OUP, 2014, co-edited with Lee Buchheit), The Rule of Law in Monetary Affairs (Cambridge University Press, 2014, co-edited), International Law in Financial Regulation and Monetary Affairs, (OUP, 2012, co-edited with Thomas Cottier and John Jackson), Cross-Border Bank Insolvency (OUP, 2011, edited), Legal Foundation of International Monetary Stability (OUP, 2006, authored), The Reform of the International Financial Architecture (Kluwer, 2001, edited), Bank Failures and Bank Insolvency Law in Economies in Transition (Kluwer, 1999, co-edited) and Central Banking and Banking Regulation (LSE, 1996, authored).