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Professor Pierre Schammo


Dphil (Oxon); LLM (Leiden); Maîtrise en droit (Strasbourg)

AffiliationRoom numberTelephone
Professor in the Durham Law SchoolPCL113+44 (0) 191 33 42818


Pierre Schammo is Professor of Law at Durham Law School and co-director of the Durham European Law Institute. Before joining Durham University, he was a lecturer in company and commercial law at the University of Manchester, and a research fellow in European financial and corporate law at the British Institute of International and Comparative Law in London. He trained as a lawyer in Luxembourg. Pierre completed his D.Phil degree at the University of Oxford (Magdalen College) after graduating from the universities of Leiden, the Netherlands (LL.M., cum laude) and Strasbourg, France (maîtrise en droit privé, mention bien). 

Pierre is associated with the Jean Monnet Centre for EU Studies at Keio University (Tokyo, Japan) and the Jean Monnet Centre of Excellence on Sustainable Finance and Law at the University of Genoa (Italy). He is a visiting lecturer at the Institute of Advanced Legal Studies (University of London) and held visiting positions at Keio University, the London School of Economics and Political Science (European Institute) and at Oxford University (Institute of European and Comparative Law). He is an external examiner in the law department of University College London and, previously, the London School of Economics and Political Science. He is on the editorial advisory board of the Law and Financial Markets Review, as well as on the editorial board of The Company Lawyer.

Pierre’s research is mainly at the intersection of financial/banking law, EU law and ‘law in context’. He has written extensively on prospectus regulation and regulatory competition. More recent research includes work on the European System of Financial Supervision, the Banking Union and the Capital Markets Union. His work on the Capital Markets Union was cited by the European Commission in the context of the Commission's initiatives on SME funding. His research on abuse of law in the EU legal order, and the European System of Financial Supervision was cited by the Court of Justice of the European Union (legal opinions in Case C-270/12 United Kingdom vs European Parliament and Council; Case C-251/16 Cussens and others v T.G. Brosnan). His most recent work on the European System of Financial Supervision informed the draft recommendations of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) on reforming the 'breach of Union law procedure' of the European Supervisory Authorities. He acted as UK co-rapporteur on the Banking Union for the 27th congress of the Federation of European Lawyers (FIDE) and as an expert on European banking supervision for the 13th Luxembourg expert forum (13. Luxemburger Expertenforum) at the Court of Justice of the European Union. 

Teaching areas

  • Financial Regulation
  • Internal Market Law
Conference participation and guest seminars/lectures (selected)
    • ‘Comments on Abuse of Rights in EU law’, invited discussant of Takis Tridimas’s paper on abuse of rights in EU financial law at the conference on “‘Prohibition of Abuse of Law’: A New General Principle of EU Law?”, Centre for Business Taxation and Institute of European and Comparative Law, University of Oxford, 3rd and 4th October 2008
    • ‘Equivalence-based Regulation and EU Prospectus Law - the Shadow Regime’, invited paper at the corporate finance roundtable on ‘Corporate Finance Law: UK and EU Perspectives’, UCL Centre for Commercial Law, University College London, Faculty of Laws, 28th and 29th April 2010
    • ‘The European System of Financial Supervision and the European Securities and Markets Authority: a First Assessment’, guest speaker at the Keio Jean Monnet Centre for EU Studies, Keio University (Tokyo), 8th January 2011
    • ‘EU Prospectus Law’, guest speaker at the 30th Study Group on Financial Instruments and Exchange Law, and US Capital Markets Law, Waseda University (Tokyo), 22nd April 2011
    • ‘EU Day-to-Day Supervision or Intervention-Based Supervision: Which Way Forward for the European System of Financial Supervision?’, guest lecture at the Chinese University of Political Science and Law (Beijing), 1st June 2012
    • ‘Home Country Control with Consent: a New Paradigm for the Internal Market?’, guest seminar at the Centre for European Legal Studies, Cambridge University, Faculty of Law, 24th October 2012
    • 'Harmonization versus Diversification of Global Financial Regulation', invited speaker at the Fordham Journal of Corporate & Financial Law Annual Symposium, Fordham Law School, Fordham University (New York), 11th February 2013
    • 'Differentiated Integration and the Single Supervisory Mechanism', invited paper at the 'Britain Alone Conference', King's College London, 9th May 2014
    • 'Differentiated Integration and the Single Supervisory Mechanism: which way forward for the European Banking Authority?', guest lecture, University of Luxembourg, 28th November 2014
    • 'Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a preliminary assessment', invited paper at the EUI conference on 'The New Financial Architecture of the Eurozone', organised by the European University Institute, Robert Schuman Centre for Advanced Studies and Imperial College London, Brevan Howard Centre for Financial Analysis, 23rd April 2015
    • ‘The ECB’s duty of care for the unity and integrity of the internal market’, invited speaker, guest seminar, University of Manchester, School of Law, 3rd May 2016
    • Invited national co-rapporteur for the UK on the Banking Union, 2016 Congress of FIDE (Fédération Internationale pour le Droit Européen), 18-21 May 2016, Budapest (Hungary)
    • ‘Beyond the crisis? Financial Stability in a Capital Markets Union’, invited paper, 4th CCLS Roundtable on Financial Regulation: ‘The implementation of the FSB Key Attributes in the EU’, Centre for Commercial Law Studies, Queen Mary, University of London, 17 June 2016
    • ‘Facilitating SME Funding’, invited contribution, European Company and Financial Law Review Symposium, University of Copenhagen, 30 September 2016
    • 'Market Regulation and EU Agencies', invited contribution, International Workshop on EU Market Regulation, Financial Crimes and Global Security Governance, University of Amsterdam, 21 October 2016
    • 'Market building and the Capital Markets Union: Removing information barriers to investment in SMEs' invited speaker, Centre for European Policy Studies, Brussels, 8 February 2017
    • Roundtable on SME Access to Finance (Capital Markets Union mid-term review 2017), invited participant, European Commission (DG FISMA), Brussels, 20 March 2017
    • 'The new Prospectus Regulation', invited speaker, Academy of European Law: 'EU Capital Markets Union: Latest Developments', Brussels, 4-5 May 2017 
    • 'Supervisory convergence as part of financial supervision', invited speaker, Annual Conference on Financial Supervision in the EU, Academy of European Law, Brussels, 7-8 December 2017
    • ‘Finance platforms, mandatory information sharing and SME funding’, speaker (and co-organiser), conference on ‘The Transformation of Finance and Investment: Information and Technology Revolutions’, UCL, University of Edinburgh, University of Durham, London, 22 March 2018
    • ‘Inaction bias and macro prudential supervision’, speaker, conference on ‘Regulation of the Banking Sector: Challenges and Emerging Issues’, University of Bristol, School of Law, Bristol, 10-11 May 2018
    • 13. Luxemburger Expertenforum, invited expert: EU banking supervision, Court of Justice of the European Union, Luxembourg, 1 October 2019
    • 'EU macro-prudential supervision' invited guest lecture, Master 2 Droit financier, Université Paris 1, Panthéon-Sorbonne, 10 October 2019
    • 'The curious case of Landeskreditbank Baden-Württemberg v ECB, and the decision of the Bundesverfassungsgericht on the European Banking Union', University of Oxford, Institute of European and Comparative Law jointly with the EU Law Discussion Group, 31 October 2019
    • 'Ensuring integrity post-Brexit - some thoughts on financial regulation', 2021 Cambridge International Symposium on Economic Crime, Jesus College, Cambridge, 5-12 September 2021
    • 'The future of prospectus regulation and sustainable finance' (with Prof Iris Chiu), Jean Monnet Centre of Excellence on European Union Sustainable Finance and Law, University of Genoa, 9-10 September 2021 

Research interests

  • Financial Markets and Banking Supervision
  • Internal Market Law
  • Regulation and law in context research (law and political science, and law and economics)
  • Capital Markets Regulation

Research groups

  • Durham European Law Institute
  • Institute of Commercial and Corporate Law


Authored book

Book review

  • Schammo, P. (2013). L Hornuf, Regulatory Competition in European Corporate and Capital Market Law: An Empirical Analysis (Cambridge, Intersentia, 2012). European Law Review 38(5): 723-725.
  • Schammo, P. (2010). Review of Niamh Moloney's EC Securities Regulation (OUP 2008). European Business Organization Law Review 11(2): 309-315.

Chapter in book

Edited Journal

  • Avgouleas, E, Chiu, I & Schammo, P (2019). FinTech Revolution and Regulation. European Business Organization Law Review, 20 (1): Springer.

Journal Article

Other (Print)

Supervision students