A Behavioural Approach to Corporate and Financial Law

This multidisciplinary conference addresses issues regarding research into behavioural law and economics taking into account both national and international developments.

Conference Programme

Download the Conference Programme [PDF: 274KB]

Conference Presentations

Please contact Marjan Parkinson by email (m.parkinson@leeds.ac.uk) for access credentials to download speaker presentations.

Research into behavioural law and economics (BLE) provides valuable insights into the public's response to law and regulation, and has risen to the top of the regulatory agenda in recent years. A ‘Nudge’ Unit at the Cabinet Office was established in 2009 to study how BLE can improve policy-making. Financial services regulators also utilise BLE research findings, addressing current problems such as predatory lending and financial products mis-selling.

However, crucial questions remain including:

• the extent to which BLE can provide valuable insights for future legal reform of corporate and financial law
• the transformation of research outputs into specific legal rules and regulations
• the limitations of BLE
• the philosophical and ethical foundations of BLE

This multidisciplinary conference, jointly organised and sponsored by the Centre for Business Law and Practice and the Erasmus School of Law addresses these issues taking into account both national and international developments. The conference will provide a forum for national and international policy-makers, market participants, practitioners and academics to exchange views on major issues.

CPD accreditation for SRA confirmed; CPD accreditation for Bar pending.

Conference Programme

Download the Conference Programme [PDF: 274KB]

Conference Presentations

Please contact Marjan Parkinson by email (m.parkinson@leeds.ac.uk) for access credentials to download speaker presentations.

Speakers

Dr Pinar Akman (University of Leeds, UK)

Dr Sarah Brown (University of Leeds, UK)

Professor Andrew Campbell (University of Leeds, UK)

Professor David Campbell (University of Lancaster, UK)

Judith Dahlgreen (University of Leeds, UK)

Professor Joanna Gray (University of Newcastle, UK)

Professor Andrew Johnston (University of Sheffield, UK)

Professor Jonathan Klick (University of Pennsylvania, USA)

Professor Alessio Pacces (Erasmus University Rotterdam, Netherlands)

Trevor Pugh (University of Sheffield, UK)

Dr Franziska Weber (University of Hamburg, Germany)

Professor Willem Van Boom (Erasmus University Rotterdam, Netherlands)

Dr Qi Zhou (University of Leeds, UK)

Chairs

Professor Adam Crawford, University of Leeds

Professor Michael Faure, Erasmus University Rotterdam

Professor Roger Halson, University of Leeds

Professor Andrew Keay, University of Leeds

Professor Joan Loughrey, University of Leeds

Professor Gerard McCormack, University of Leeds

Professor Anthony Ogus, University of Manchester

Discussants

Dr David Bholat, Bank of England

Professor Blanaid Clarke, Trinity College Dublin and Irish Central Bank Commission

Colm Kincaid, Central Bank of Ireland

Rachel Sandby-Thomas, Director General, Business & Skills and Legal at the Department for Business, Innovation & Skills

Conference Programme

Download the Conference Programme [PDF: 274KB]

Conference Presentations

Please contact Marjan Parkinson by email (m.parkinson@leeds.ac.uk) for access credentials to download speaker presentations.

Day One: Wednesday 11 June 2014 (Room LG06- Lower Ground Floor)

10:30 - 11:00
Registration and Coffee

11:00 - 11:15
Welcome: Professor Gerard McCormack & Professor Willem Van Boom/ Professor Michael Faure

Keynote

11:15 - 12:30
Chair: Professor Anthony Ogus, University of Manchester
Keynote Speaker: Professor Jonathan Klick, University of Pennsylvania

‘The Problem of Under-Specified Behavioural Models in Law and Economics’

12:30 - 13:30
Lunch

Session 1

13:30 - 15:00
Chair: Professor Andrew Keay, University of Leeds

Paper 1: Professor Andrew Campbell, University of Leeds
‘Deposit Insurance and Its Effect on the Behaviour of Depositors’

Paper 2: Professor Willem Van Boom, Erasmus University Rotterdam
‘"If It's Easy to Read, It's Easy to Claim" Reading Ease in Standard Contract Terms and Consumer Behaviour’

15:00 - 15:15
Coffee Break

Session 2

15:15 - 16:45
Chair: Professor Roger Halson, University of Leeds

Paper 3: Professor Joanna Gray, Newcastle University
‘Behavioural Finance and the Macroprudential Dimension’

Paper 4: Andrew Johnston and Trevor Pugh, University of Sheffield
‘Theories of Money, Financial Regulation and Policy’

16:45 - 17:00
Coffee Break

Session 3

17:00 – 18:30
Chair: Dr Sophia Tang, University of Leeds

Paper 5: Professor Alessio Pacces, Erasmus University Rotterdam & Professor Claire A Hill, University of Minnesota
‘Uncertainty and Justifications in Corporate and Financial Law: A Behavioural Law and Economics Approach’

Paper 6: Dr Sarah Brown & Dr Qi Zhou, University of Leeds
‘Judicial Control of Consumer Loans: a Behavioural Law and Economics Perspective’

Day Two: Thursday June 12th, 2014 (Moot Court Room- Room 1.28)

8:30 – 9:00
Registration and Tea/ Coffee

Session 4

9:00 – 10:30
Chair: Professor Gerard McCormack, University of Leeds

Paper 7: Professor David Campbell, University of Lancaster
‘Central Problems of Marx’s Economics and the Nature of Market Regulation’

Paper 8: Judith Dahlgreen, University of Leeds
‘Mutuality in Financial Services’

10:30 – 10:45
Coffee Break

Session 5

10:45 - 12:15
Chair: Professor Joan Loughrey, University of Leeds

Paper 9: Dr Franziska Weber, University of Hamburg
‘Law Enforcement in the Banking Sector Assessed: a Comment from a Law and Economics Perspective’

Paper 10: Dr Pinar Akman, University of Leeds
‘When Are Excessive Prices Unfair? Using Behavioural Economics in Competition Law’

12:15 - 13:15
Lunch

Final Plenary

13:15 - 14:45
Policy-Makers’ Perspective: Panel Discussion
Chair: Professor Michael Faure, Erasmus University Rotterdam

Dr David Bholat, Bank of England
Colm Kincaid, Central Bank of Ireland
Rachel Sandby-Thomas, Director General, Business & Skills and Legal at the Department for Business, Innovation & Skills