Staff profile

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 worked for Allen & Overy, Luxembourg. Pierre completed his D.Phil degree at the University of Oxford (Magdalen College) after graduating from the universities of Leiden, the Netherlands, and Strasbourg, France. 

Pierre is associated with the Jean Monnet Centre for EU Studies at Keio University (Tokyo, Japan), the Jean Monnet Centre of Excellence on Sustainable Finance and Law at the University of Genoa (Italy), and the Institute for Data Science at Durham. He was 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, as well as on the European System of Financial Supervision, the Banking Union and the Capital Markets Union. More recent research includes work on technological change as well as on green finance. Pierre's 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. His 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

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

Authored book

• Schammo, P. (2011). EU Prospectus Law - New Perspectives on Regulatory Competition in Securities Markets. Cambridge University Press. https://doi.org/10.1017/cbo9780511862700

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

• Schammo, P. EU Prospectus Regulation. In P. Giudici, & J. A. McCahery (Eds.), Research Handbook on EU Securities Regulation. Edward Elgar Publishing
• Chiu, I., & Schammo, P. Integrating Sustainable Finance into the Prospectus Regulation. In K. Alexander, M. Gargantini, & M. Siri (Eds.), The Cambridge Handbook of EU Sustainable Finance: Regulation, Supervision and Governance. Cambridge University Press
• Schammo, P. (2023). Global Central Counterparties. In I. Chiu, & I. MacNeil (Eds.), Research Handbook on Global Capital Markets Law (157-171). Edward Elgar Publishing. https://doi.org/10.4337/9781800379305.00018
• Schammo, P. (2020). Who knows what tomorrow brings? Of uncertainty in times of a pandemic. In H. Eidenmüller, L. Enriques, K. van Zwieten, & G. Helleringer (Eds.), Covid-19 and business law (95-97). Beck
• Schammo, P. (2019). Banking Union and Brexit: the challenge of geography. In G. Lo Schiavo (Ed.), The European Banking Union and the role of law (87-107). Edward Elgar Publishing
• Georgosouli, A., & Schammo, P. (2016). National report – United Kingdom. In G. Bándi, P. Darák, A. Halustyik, & P. Láncos (Eds.), European Banking Union. XXVII. FIDE Congress proceedings (584-607). Wolters Kluwer
• Schammo, P. (2016). Differentiated Integration and the Single Supervisory Mechanism: which way forward for the European Banking Authority?. In P. Birkinshaw, & A. Biondi (Eds.), Britain alone! The implications and consequences of United Kingdom exit from the EU (311-335). Kluwer Law International
• Schammo, P. (2015). Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a Preliminary Assessment. In F. Allen, E. Carletti, & J. Gray (Eds.), The new financial architecture in the Eurozone (137-176). European University Institute. https://doi.org/10.2139/ssrn.2605549
• Schammo, P. (2014). Marchés financiers - émetteurs. In Jurisclasseur Europe, fascicule 1025 (1-22). (1025). Lexis Nexis, JurisClasseur: Europe Traité
• Schammo, P. (2011). Corporate Finance Law in the UK and the EU. In D. Prentice, & A. Reisberg (Eds.), Equivalence-based Regulation and EU Prospectus Law - the Shadow Regime (493-518). OUP
• Schammo, P. (2011). Comments on abuse of rights in EU law. In R. de la Feria, & S. Vogenauer (Eds.), Prohibition of abuse of law : a new general principle of EU law ? (193-199). Hart Publishing

Journal Article

• Schammo, P. (2021). Of standards and technology: ISDA and technological change in the OTC derivatives market. Law and Financial Markets Review, 15(1-2), 3-37. https://doi.org/10.1080/17521440.2022.2063030
• Schammo, P. (2021). Institutional change in the Banking Union: the case of the Single Supervisory Mechanism. Yearbook of European Law, 40, 265-309. https://doi.org/10.1093/yel/yeab002
• Avgouleas, E., Chiu, I., & Schammo, P. (2019). Editorial (Fintech Revolution and Regulation). European Business Organization Law Review, 20(1), 1-4. https://doi.org/10.1007/s40804-019-00140-4
• Schammo, P. (2019). ‘Undisruption’ in the SME funding market: information sharing, finance platforms and the UK bank referral scheme. European Business Organization Law Review, 20(1), 29-53. https://doi.org/10.1007/s40804-019-00139-x
• Schammo, P. (2019). Inaction in macro-prudential supervision: assessing the EU's response. Journal of Financial Regulation, 5(1), 1-28. https://doi.org/10.1093/jfr/fjz001
• Schammo, P. (2019). Wightman is not the road to never-never land (but would you rather plunge into the Brexit abyss?). The Company Lawyer, 40(2), 37-38
• Schammo, P. (2018). Actions and inactions in the investigation of breaches of Union law by the European Supervisory Authorities. Common Market Law Review, 55(5), 1423-1456
• Schammo, P. (2018). Caught in a cross-fire? The US CFTC and the European Commission’s proposals on third-country CCPs. The Company Lawyer, 39(9), 277-278
• Schammo, P. (2018). The Commission's agenda on financial supervision: forging ahead of Brexit [editorial comments]. The Company Lawyer, 39(1), 1-2
• Schammo, P. (2017). Market building and the Capital Markets Union: addressing information barriers in the SME funding market. European Company and Financial Law Review, 14(2), 271-313. https://doi.org/10.1515/ecfr-2017-0014
• Schammo, P. (2017). The European Central Bank’s duty of care for the unity and integrity of the internal market. European law review, 42(1), 3-26
• Schammo, P. (2016). The UK’s five “noes” on EU economic governance. The Company Lawyer, 37(7), 201-202
• Schammo, P. (2016). Protecting the City of London? UK challenges before the Court of Justice of the EU. The Company Lawyer, 37(1), 1-2
• Schammo, P. (2015). Protecting the City of London? UK challenges before the Court of Justice of the European Union. The Company Lawyer, 36(3), 65-66
• Schammo, P. (2014). Protecting the City of London? UK challenges before the Court of Justice of the European Union. The Company Lawyer, 35(7), 193-194
• Schammo, P. (2014). Protecting the City of London? UK challenge to EU agency law. [editorial comments]. The Company Lawyer, 35(2), 33-34
• Schammo, P. (2013). Home country control with consent: a new paradigm for ensuring trust and cooperation in the internal market?. The Cambridge yearbook of European legal studies, 15, 467-501. https://doi.org/10.1017/s152888700000313x
• Schammo, P. (2012). EU Day-to-Day Supervision or Intervention-Based Supervision: Which Way Forward for the European System of Financial Supervision?. Oxford Journal of Legal Studies, 32(4), 771-797. https://doi.org/10.1093/ojls/gqs002
• Schammo, P. (2011). The European Securities and Markets Authority: Lifting the Veil on the Allocation of Powers. Common Market Law Review, 48(6), 1879-1913
• Schammo, P. (2008). Regulating transatlantic stock exchanges. International and Comparative Law Quarterly, 57(4), 827-862. https://doi.org/10.1017/s0020589308000651
• Schammo, P. (2008). Arbitrage and abuse of rights in the EC legal system. European Law Journal: Review of European Law in Context, 14(3), 351-376. https://doi.org/10.1111/j.1468-0386.2008.00417.x
• Schammo, P. (2006). The prospectus approval system. European Business Organization Law Review, 7(2), 501-523. https://doi.org/10.1017/s1566752906005015

Other (Print)

• Schammo, P. (2023). Greenwashing [editorial comments]
• Schammo, P. (2020). "Next Generation EU": the Commission's plan to boldly go where no EU agreement has gone before [editorial comments]
• Schammo, P. (2020). Negotiating the future, Brexit and the spectre of regulatory competition [editorial comments]
• Schammo, P. (2019). ‘Sunk like the Titanic’ : the Commission’s proposals on reforming the governance of the European Supervisory Authorities [editorial comments]
• Schammo, P. (2017). Brexit and the Capital Markets Union: thoughts on the European Commission's mid-term review. [editorial comments]
• Schammo, P. (2017). The EU Capital Markets Union and Brexit: time to move on. [editorial comments]