Research Profile

Jonathan McCarthy


Jonathan is currently the director of the LLM Business Law programme at University College Cork. He is a BCL and LLM graduate of UCC, and was conferred with his PhD degree at UCC in 2018. Jonathan's research interests are primarily in financial law, corporate law and commercial law. He has previously taught at University of Limerick. 

Research Overview

Financial law
- regulation of technological innovations in finance (FinTech)
- Irish and European financial law and regulation
- legal issues arising from non-performing loans
Corporate law
- company insolvency and rescue
- suitability and efficacy of existing legal processes for small- and medium-sized enterprises

Jonathan supervises PhD and LLM research and he is glad to supervise postgraduate research on related topics.

ORCID ID: 0000-0003-4031-3063 (

Publications and peer-reviewed journal articles


(with Martina Pelikánová) 'The Present and Future of Societas Europaea (SEs): The Irish and Czech Experiences' (2024) 31(1) Commercial Law Practitioner 3

'Developments in Financial Services: UK and EU Approaches to Digital Finance’, in C. Panara and E. Guinchard (eds.), The New Relationship Between the United Kingdom and the European Union (forthcoming, Springer)


'From Childish Things: The Evolving Sandbox Approach in the EU's Regulation of Financial Technology' (2023) 15(1) Law, Innovation and Technology 1

'The Regulation of RegTech and SupTech in Finance: Ensuring Consistency in Principle and in Practice' (2023) 31(2) Journal of Financial Regulation and Compliance 186

(with Elise Lefeuvre) 'An Emergency of Banking and of Law: The Resolution of Anglo Irish Bank' (2023) 7(1) Irish Judicial Studies Journal 1

'Cyber-Risks in Modern Finance: Building Operational and Regulatory Resilience' (2023) 38(7) Journal of International Banking Law and Regulation 233

Co-authored chapter ('SMEs and European Capital Markets: Understanding the Rationale for Reform') in I. Chiu and I. MacNeil (eds.), Edward Elgar Research Handbook on Global Capital Markets Law (Edward Elgar, 2023)

'SMEs and FinTech in the European Union: How to Balance Innovation and Regulation?' in W. Nelson (ed.), Advances in Business and Management (Volume 20) (Nova Publishers, 2023) 


'The Prospect of a Digital Euro: Incentives, Design, and Legal Effects’ (2022) 29(7) Commercial Law Practitioner 135 

'Cryptocurrencies, Digital Money and Regulatory Damage’ (2022) 37(8) Journal of International Banking Law and Regulation 282

'Distributed Ledger Technology and Financial Market Infrastructures: Proposal for an EU Pilot Regulatory Regime' (2022) 17(3) Capital Markets Law Journal 288

(with Elise Lefeuvre) 'Lessons for a Model of Work-Out Agency in the EU: The Irish Example of NAMA' (2022) 37(5) Journal of International Banking Law and Regulation 177

Book Review (Consumer and SME Credit Law, by Nora Beausang) (2022) 5 Journal of Business Law 454


'Evaluating the EU's Digital Finance Strategy: Ambitious Glimpses of Future Regulation?' (2021) 36(9) Journal of International Banking Law and Regulation 379

Contributed three chapters to M. Donnelly, The Law of Credit and Security (3rd edition) (Thomson Roundhall, 2021)


'FinTech, Digital Finance and the EU's Regulatory Choices' (2020) 35(11) Journal of International Banking Law and Regulation 463

‘European Capital Markets Union: A Revived Project but A Broader Agenda’ (2020) 35(10) Journal of International Banking Law and Regulation 383    

'A Class Apart: The Relevance of the EU Preventive Restructuring Directive for Small and Medium Enterprises' (2020) 21(4) European Business Organization Law Review 895

'Preferential Creditor Status in Irish Corporate Insolvency Law: A Need for More Priorities?' (2020) 4 Irish Judicial Studies Journal 62 

'What Happens Next? The EU's Efforts in Regulating the Growth of Fintech' (2019) 34(11) Journal of International Banking Law and Regulation 404 

'Something Old, Something New? The Potential Impact of the EU Preventive Restructuring Directive through an Irish Case Study' (2019) 16(6) International Corporate Rescue 356

'FinTech: The Legal and Regulatory Significance for Irish Banking' (2019) 26(8) Commercial Law Practitioner 137

'Challenges in Finding the ‘Right’ Approach to SME Rescue: The Example of Reforms to the Irish Examinership Process’ (2019) 32(2) Insolvency Intelligence 43

Blog post: 'Enhancing Regulatory Powers to Tackle White Collar Crime’ (April 2019) – Criminal Justice in Ireland blog:


‘The Credit Guarantee Scheme: An Analysis of Recent Reforms and of its Performance to Date’ (2017) 24(9) Commercial Law Practitioner 183

'A Review of the Credit Guarantee Scheme’ (2013) 20(8) Commercial Law Practitioner 170

Doctoral thesis: 'An analysis of the implications of the law of company rescue for small and medium sized enterprises in Ireland'
The research involved numerous interviews with representatives of business organisations and leading insolvency practitioners. The thesis advanced an empirically-based argument for alternative procedures of SME company rescue under Irish law. The research was funded through an Irish Research Council Government of Ireland Postgraduate Scholarship. The initial stages of the research were funded through the award of the Ronan Daly Jermyn Scholarship. 


University College Cork (2019- ): Company Law (LW3300, LW3311), Introduction to Business Law (LW1109), Contemporary Issues in Corporate Law (LW3347), Business Law in Practice (LW6646), Digital Finance and FinTech: Law and Regulation (LW6660).

University of Limerick (2018-19): Contract Law, Advanced Lawyering, Introduction to Criminal Justice.

University College Cork (2015-18): Banking Law, English Land Law, Contract Law, Property Law.

External examining
Bachelor of Laws (Honours) programme, Dublin Business School

Teaching and research courses completed
- Postgraduate Certificate in Teaching and Learning in Higher Education, UCC
- Epigeum Research Integrity, UCC
- Digital Badge in Universal Design for Teaching and Learning, UCC 
- Digital Badge in Connected Curriculum and You, UCC
- Research Skills CPD Certificate, UCC 

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Room 1.63, Aras na Laoi, T12 T656