A New International Journal Is Born. With a Little Help from a Bocconi Professor

A new international journal is born and a Bocconi professor is among those who have the most to celebrate. Oxford University Press has published the first issue of Journal of Financial Regulation, co-founded and co-edited by Bocconi Department of Legal Studies and Penn State Professor Marco Ventoruzzo. The issue is freely available at the journal's website.


"JFR is a truly international law journal, founded with colleagues from Oxford, Sorbonne, Georgetown and Copenhagen", Ventoruzzo says, "and deals with the regulation of the financial markets with a rigorous scholarly angle and from an interdisciplinary, international, and comparative perspective".

"One of the lessons from the global financial crisis", the editors write in their first editorial, "is that financial systems and the law and regulation that govern them cannot be viewed from a purely national perspective. Perhaps most importantly, without understanding the complex and evolving interconnections between domestic financial systems, weaknesses in even remote, far-flung financial centers can undermine global economic growth and financial stability". And they add: "The timing for the launch of such a journal could not be more opportune. Never before has international financial law occupied the attention of academics, policymakers, and commentators in a comparable way".

Moral Hazard and Government Guarantees in the Banking Industry, one of the four articles included in the first issue, is co-authored by Bocconi's Department of Finance's professor Elena Carletti.

Alongside the journal, an annual conference has been launched, whose first edition will take place on 26 June, 2015 at the Georgetown University Law Center in Washington, DC. Its topic: Extra-Territoriality and Financial Regulation.