Federico M. Mucciarelli is a Reader in law at the School of Finance and Management, SOAS University of London, and an associate professor at the Department of Economics of the University of Modena and Reggio Emilia. He got a JD from the University of Bologna (1996), an LL.M. from the University of Heidelberg (2000), and a Phd in business law from the University of Brescia (2003). He was visiting scholar in many research institutes and University, such as the Max-Planck Institut of Hamburg, the University of Oxford and the IALS of London. He worked at the Banca d’Italia (2000 – 2001). Prof.