Legal Research Programme
The ECB Legal Research Programme (LRP) was launched in 2008 to foster analysis of areas of law relevant to the ECB’s statutory tasks, and to establish closer contacts between central bank lawyers and academics. Several scholarships are awarded annually.
About the scholarship
During their scholarship, the selected candidates are required to write a paper on a topic related to the programme’s research topics, present their papers at relevant ECB workshops and conferences and, ultimately, have them published in leading peer-reviewed journals. Past papers have been published in journals such as the Common Market Law Review, the German Law Journal, the European Business Organization Law Review, the Oxford Journal of Legal Studies, the European Law Review, the Yearbook of European Law, the European Business Law Review, the Journal of Financial Regulation, the Maastricht Journal of European and Comparative Law.
The call for projects is published by December each year. Experienced researchers with a track record of publishing in the legal field are encouraged to apply, as are researchers at assistant professor level and advanced PhD students. The ECB aims to assign at least one-third of the scholarships to junior scholars (i.e. scholars who are doctoral candidates or who have obtained their doctoral degree within the last three years). Applications from female candidates are highly encouraged.
Legal Research Programme 2025
The application deadline for the 2025 round of the LRP is 22:00 CET on 9 February 2025.
Past LPR Scholars
| Name | Paper |
|---|---|
|
Tjalling Waterbolk, Mariken Van Loopik, Thom Wetzer |
Climate-related risk: scenario planning for banks and supervisors |
|
Agnieszka Smoleńska |
The ECB and climate transition plans |
|
Lucas Roorda, Cedric Ryngaert, Anneloes Kuiper |
Banking supervision meets public international law – Cross-border on-site inspections |
|
Giangiacomo D'Angelo |
Taxes on banks’ windfall profits as anti-inflationary measure |
|
Maria Lucia Passador |
ECB Banking Supervision powers & AI Act implementation |
|
Aldo Pardi, Stefania Gallo |
The new role of the ECB as a fiscal agent of the Commission and the potential impact on institutional balance |
| Name | Paper |
|---|---|
|
Vincenzo Troiano |
Suspension of voting rights in the regulation of bank ownership structures: a case for more integration? |
|
Paola Chirulli, Luca De Lucia |
Banking supervision and fundamental rights |
|
Aurelia Philine Birne |
CBDC as a liability of its issuing central bank – What are the implications for the design and distribution of CBDC? |
|
Anna Peychev |
The legislative role of the central bank in the creation of the European semester |
|
Anna Toniolo |
Paying for diversity? Diversity metrics in banks’ executive compensation |
|
Argyro Karagianni |
The ne bis in idem principle at the intersection between prudential and AML/CFT supervision |
|
Dimitrios Stratakos |
The Markets in Crypto-assets and pilot regime for market infrastructures based on distributed ledger technology regulations – Potential for innovation in the retail payments landscape and overlaps with existing Union legislation |
| Name | Paper |
|---|---|
|
Alessio Azzutti, Pedro Batista and Georg Ringe |
Navigating the Legal Landscape of AI-Enhanced Banking Supervision: Protecting EU Fundamental Rights and Ensuring Good Administration |
|
Graham Butler |
|
|
Joana Mendes |
|
|
Kanad Bagchi |
The legal transformation of international monetary coordination: institutions, surveillance and authority |
|
Katarzyna Parchimowicz |
|
|
Raffaele Felicetti |
A study on central banks and social responsibility: the case of the ESCB |
|
Sara Dietz |
Green Monetary Policy Between Market Neutrality And Market Efficiency |
|
Silvia Allegrezza and Giulia Lasagni |
Setting the Scene: Proportionality as an Evolving Concept of Intersystemic Nature |
| Name | Paper |
|---|---|
|
Adrian Dumitrescu, Dalvinder Singh and Oana Stefan |
Limits for the ECB when adopting soft law instruments in the field of banking supervision |
|
Chiara Benvenuto |
|
|
Christian Calliess and Ebru Tuncel |
The Role of Article 11 TFEU in the Greening of the ECB’s Monetary Policy |
|
David Ramos Muñoz, Antonio Cabrales and Angel Sanchez |
Central Banks and Climate Change (Part 1). Does Climate Change Fit in Central Banks’ Mandates? |
| (Part 2). Can Central Banks Intervene Now? And How? Arguments of “Opportunity” and “Suitability” | |
|
Emmanuel Castellarin |
|
|
Marco Goldoni and Javier Solana |
|
|
Martins Rudzitis |
|
|
Susanna Cafaro |
The International Representation of the Eurozone and of the Eurosystem: The Role of the ECB |
| Name | Paper |
|---|---|
|
Corinne Zellweger-Gutknecht, Benjamin Geva, Seraina Neva Grünewald |
|
| Digital Euro, Monetary Objects, and Price Stability: A Legal Analysis | |
|
Georgios Psaroudakis |
|
|
Helene Hayden |
Enforcement of Fines and Other Pecuniary Obligations Imposed by the ECB |
| Part 2: National level | |
|
Iris H-Y Chiu |
|
|
Paul Dermine |
|
|
Shruti Kashyap |
Prudence and the Risks: Links between Regulatory Supervision, Accounting Rules, and Risk Control in the European Banking Sector |
| Name | Paper |
|---|---|
|
Andrea Magliari, Marco Macchia, Mario P. Chiti |
The Principle of Proportionality and the European Central Bank |
|
Anton Didenko |
|
|
Christian Calliess and Ansgar Baumgarten |
Cybersecurity in the EU The Example of the Financial Sector: A Legal Perspective |
|
Elena Sedano-Varo |
The Bumpy Reform of EU Interest Rates and the Rule of Law |
|
Paul Weissmann |
Public International Law as a Refuge of (Euro-)Member States During the Financial and Economic Crisis: The Case of the Intergovernmental Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund (IGA) |
|
Tom Ruys and Cedric Ryngaert |
Secondary Sanctions: A Weapon out of Control? The International Legality of, and European Responses to, US Secondary Sanctions |
| Name | Paper |
|---|---|
|
Alessandro Spano and Andrea Biondi |
The ECB and the Application of National Law in the SSM: New Yet Old… |
|
Alicia Hinarejos |
A Possible European Monetary Fund and the Future of the Euro Area |
|
Anastasia Karatzia and Theodore Konstadinides |
|
|
Dariusz Adamski |
Memoranda of Understanding in the Governance of European Financial Institutions |
|
Hossein Nabilou and Andre Prum |
Central Banks and Regulation of Cryptocurrencies |
|
Teresa Rodríguez de las Heras Ballell |
The Layers of Digital Financial Innovation: Charting a Regulatory Response |
| Name | Paper |
|---|---|
|
Alexander Türk and Napoleon Xanthoulis |
|
|
Georgios Psaroudakis |
|
|
Heiko Sauer |
The scope of the inviolability of the ECB's archives revisited |
|
Matthias Haentjens |
European Harmonisation of Intermediated Securities Law: Dispossession and Segregation in Regulatory and Private Law |
|
Stefanie Egidy |
Central Banks under Judicial Review: The European Central Bank and the U.S. Federal Reserve |
| Name | Paper |
|---|---|
|
Andromachi Georgosouli |
|
|
Danny Busch and Mirik Ben Joost van Rijn |
|
|
David Ramos |
|
|
Pieter van Cleynenbreugel |
Confidentiality behind transparent doors: The European Central Bank and the EU law principle of openness |
|
Thomas Keijser |
Financial Collateral Arrangements in the European Union: Current State and the Way Forward |
| Name | Paper |
|---|---|
| Monica Claes and Jan-Herman Reestman | |
| Theodore Konstadinides |