Portrait of Professor Barbara Casu

Professor Barbara Casu

Professor of Banking and Finance & Director of Centre for Banking Research

Bayes Business School, Faculty of Finance

Contact

Visit Barbara Casu

Room BR5053, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Professor Barbara Casu Lukac is the Director of the Centre for Banking Research at Bayes Business School. She is also the Head of the Faculty of Finance at Bayes.

Her main research interests are in empirical banking, financial regulation, structured finance, and corporate governance. Barbara has published widely, with over 50 publications in peer reviewed Journals. She has also written the popular textbook “Introduction to Banking” (Pearson FT), which is widely adopted for banking courses across the world. She has recently co-edited the Palgrave Handbook of European Banking. Outside academia, Professor Casu has been a consultant/visiting researcher at several organisations, including the International Monetary Fund (IMF); the European Commission (EC); Centre for European Policy Studies (CEPS); the Building Societies Association (BSA), the SWIFT Institute.

Qualifications

  • BSc Economics, Catholic University of the Sacred Heart, Milan, Italy
  • MA, Bangor University, Bangor, United Kingdom
  • PhD Economics, Bangor University, United Kingdom

Fellowships

  • International Research Centre on Cooperative Finance, HEC Montreal, Apr 2015 – present
  • Centre for Responsible Banking & Finance, University of St Andrews, Feb 2015 – present
  • Associate Senior Fellow, Financial Institutions and Prudential Policy Unit, Oct 2008 – Apr 2015

Memberships of professional organisations

  • Associate Senior Fellow, Centre for European Policy Studies (CEPS), Oct 2008 – Jun 2015
  • Academic, British Accounting Association, Nov 2007 – present

Languages

Italian.

Expertise

Primary topics

  • Banking
  • Financial Economics
  • Financial Institutions

Additional topics

  • Corporate Governance
  • Financial Regulation

Industries

  • banking

Geographic Areas

  • Europe

Research

The main focus of my research is empirical banking, although several of my research projects are cross-disciplinary and include aspects of financial regulation, structured finance, accounting and corporate governance.

1st supervisor

Research students

1st supervisor

Petros Katsoulis

Attendance: Oct 2015 – present, full-time

Thesis title: Central Clearing Counterparts

Role: 1st Supervisor

Zana Beqiri

Attendance: Oct 2011 – Dec 2016, full-time

Thesis title: Banking in Emerging Markets

Role: 1st Supervisor

Lucie (Bimei) Deng

Attendance: Sep 2010 – Dec 2014

Thesis title: The Impact of Deregulation and Re-regulation on Bank Efficiency: Evidence from Asia

Role: 2nd Supervisor

Nashwa Saleh

Attendance: Aug 2008 – Mar 2012, full-time

Thesis title: Towards a New Effective Global Early Warning System for Financial Crises

Role: 2nd Supervisor

Anna Sarkisyan

Attendance: Oct 2007 – Oct 2010, full-time

Thesis title: Securitisation and Bank Performance

Role: 1st Supervisor

Shazida Mohd Khan

Attendance: Oct 2005 – Jun 2011, full-time

Thesis title: South East Asian Banking after the Crisis: a Non-Parametric Analysis of the Impact of Environmental Factors

Role: 1st Supervisor

Tianshu Zhao

Attendance: Oct 2004 – Jan 2009, full-time

Thesis title: Total factor productivity growth, ownership structure and competitive behaviour: the role of deregulation and prudential re-regulation

Role: 1st Supervisor

Publications

Books (5)

  1. Casu, B., Girardone, C. and Molyneux, P. (2022). Introduction to Banking. Pearson. ISBN 978-1-292-24033-6.
  2. Beck, T. and Casu, B. (2017). Preface. ISBN 978-1-137-52144-6.
  3. Casu, B. and Gall, A. (2016). Building Societies in the Financial Services Industry. Palgrave Macmillan UK. ISBN 978-1-137-60208-4.
  4. Casu, B., Girardone, C. and Molyneux, P. (2015). Introduction to Banking. Financial Times/Prentice Hall. ISBN 978-0-273-71813-0.
  5. Casu, B., Girardone, C. and Molyneux, P. (2006). Introduction to Banking. England: Pearson Education. ISBN 978-0-273-69302-4.

Chapters (8)

  1. Beck, T. and Casu, B. (2017). European banking: An overview. The Palgrave Handbook of European Banking (pp. 3–24). ISBN 978-1-137-52144-6.
  2. Casu, B. and Ferrari, A. (2015). Dynamics of bank efficiency in the EU and SEMC: Is there a convergence? In Ayadi, R., Dabrowski, M. and De Wulf, L. (Eds.), Economic and Social Development of the Southern and Eastern Mediterranean Countries (pp. 183–199). Springer. ISBN 978-3-319-11122-3.
  3. Casu, B. and Sarkisyan, A. (2014). Securitization. In Berger, A., Molyneux, P. and Wilson, J. (Eds.), The Oxford Handbook of Banking Oxford University Press, USA. ISBN 978-0-19-968850-0.
  4. Chiaramonte, L., Casu, B. and Bottiglia, R. (2013). The Assessment of the Net Stable Funding Ratio (NSFR) Value. Evidence from the Financial Crisis. In Monsalvez, J.M.P. and Radoselovics, J.F.D. (Eds.), (pp. 83–94). PALGRAVE. ISBN 978-1-137-00186-3.
  5. Arnaboldi, F. and Casu, B. (2011). Corporate Governance in European Banking. In Barth, J.R., Lin, C. and Wihlborg, C. (Eds.), Research Handbook for Banking and Governance Edward Elgar Publishing.
  6. Casu, B., Girardone, C. and Molyneux, P. (2011). Is there a conflict between competition and financial stability? In Barth, J.R., Lin, C. and Wihlborg, C. (Eds.), Research Handbook for Banking and Governance Edward Elgar Publishing.
  7. Casu, B. and Girardone, C. (2009). Integration and Efficiency in EU Banking Markets. In Balling, M., Gnan, E., Lierman, F. and Schoder, J.-.P. (Eds.), Productivity in the Financial Services Sector (pp. 89–110). Vienna: Larcier. ISBN 978-3-902109-49-1.
  8. Casu, B. and Nieri, L. (2007). Investment Services and Conflicts of Interest in the United Kingdom. In Presti, G., Rescigno, M., Anolli, M. and Banfi, A. (Eds.), Banks, Investment Services and Conflicts of Interest Bologna, Italy: Il Mulino.

Journal articles (47)

  1. Casu, B., Chiaramonte, L., Croci, E. and Filomeni, S. (2022). Access to Credit in a Market Downturn. Journal of Financial Services Research. doi:10.1007/s10693-022-00388-x.

    [publisher’s website]

  2. Arnaboldi, F., Casu, B., Gallo, A., Kalotychou, E. and Sarkisyan, A. (2021). Gender diversity and bank misconduct. Journal of Corporate Finance, 71, pp. 101834–101834. doi:10.1016/j.jcorpfin.2020.101834.

    [publisher’s website]

  3. Ayadi, R., Bongini, P., Casu, B. and Cucinelli, D. (2021). Bank Business Model Migrations in Europe: Determinants and Effects. British Journal of Management, 32(4), pp. 1007–1026. doi:10.1111/1467-8551.12437.

    [publisher’s website]

  4. Berinato, S. and Casu, B. (2021). Banks with More Women on Their Boards Commit Less Fraud. HARVARD BUSINESS REVIEW, 99(3), pp. 32–33.
  5. Li, J., Li, J., Zhu, X., Yao, Y. and Casu, B. (2020). Risk spillovers between FinTech and traditional financial institutions: Evidence from the U.S. International Review of Financial Analysis, 71, pp. 101544–101544. doi:10.1016/j.irfa.2020.101544.

    [publisher’s website]

  6. Casu, B., Arnaboldi, F., Kalotychou, E. and Sarkisyan, A. (2020). The performance effects of board heterogeneity: What works for EU banks? European Journal of Finance, 26(10), pp. 897–924. doi:10.1080/1351847X.2018.1479719.
  7. Arnaboldi, F., Casu, B., Kalotychou, E. and Sarkisyan, A. (2020). Board diversity reforms: Do they matter for EU bank performance? European Financial Management, 26(2), pp. 416–454. doi:10.1111/eufm.12238.

    [publisher’s website]

  8. Casu, B., di Pietro, F. and Trujillo-Ponce, A. (2019). Liquidity Creation and Bank Capital. Journal of Financial Services Research, 56(3), pp. 307–340. doi:10.1007/s10693-018-0304-y.

    [publisher’s website]

  9. Casu, B., Deng, B. and Ferrari, A. (2017). Post-crisis regulatory reforms and bank performance: lessons from Asia. The European Journal of Finance, 23(15), pp. 1544–1571. doi:10.1080/1351847x.2016.1177566.

    [publisher’s website]

  10. Chiaramonte, L. and Casu, B. (2017). Capital and liquidity ratios and financial distress. Evidence from the European banking industry. The British Accounting Review, 49(2), pp. 138–161. doi:10.1016/j.bar.2016.04.001.

    [publisher’s website]

  11. Casu, B., Ferrari, A., Girardone, C. and Wilson, J.O.S. (2016). Integration, productivity and technological spillovers: Evidence for eurozone banking industries. European Journal of Operational Research, 255(3), pp. 971–983. doi:10.1016/j.ejor.2016.06.007.

    [publisher’s website]

  12. Ballester, L., Casu, B. and González-Urteaga, A. (2016). Bank fragility and contagion: Evidence from the bank CDS market. Journal of Empirical Finance, 38, pp. 394–416. doi:10.1016/j.jempfin.2016.01.011.

    [publisher’s website]

  13. Ayadi, R., Naceur, S.B., Casu, B. and Quinn, B. (2016). Does Basel compliance matter for bank performance? Journal of Financial Stability, 23, pp. 15–32. doi:10.1016/j.jfs.2015.12.007.

    [publisher’s website]

  14. Casu, B., Dontis‐Charitos, P., Staikouras, S. and Williams, J. (2016). Diversification, Size and Risk: the Case of Bank Acquisitions of Nonbank Financial Firms. European Financial Management, 22(2), pp. 235–275. doi:10.1111/eufm.12061.

    [publisher’s website]

  15. Casu, B., Fabbri, D. and Wilson, J.O.S. (2014). Emerging issues in financial institutions and markets. EUROPEAN JOURNAL OF FINANCE, 20(10), pp. 847–849.
  16. CASU, B., CLARE, A., SARKISYAN, A. and THOMAS, S. (2013). Securitization and Bank Performance. Journal of Money, Credit and Banking, 45(8), pp. 1617–1658. doi:10.1111/jmcb.12064.

    [publisher’s website]

  17. Casu, B., Ferrari, A. and Zhao, T. (2013). Regulatory Reform and Productivity Change in Indian Banking. Review of Economics and Statistics, 95(3), pp. 1066–1077. doi:10.1162/rest_a_00298.

    [publisher’s website]

  18. Chiaramonte, L. and Casu, B. (2012). The determinants of bank CDS spreads: Evidence from the financial crisis. The European Journal of Finance, 19(9), pp. 861–887. doi:10.1080/1351847X.2011.636832.
  19. Casu, B. and Chiaramonte, L. (2011). Are Cds spreads a good proxy of bank risk? Evidence from the recent financial crisis. BANCARIA, 11.
  20. Wilson, J.O.S., McMillan, D.G. and Casu, B. (2011). Contemporary issues in financial institutions and markets. The European Journal of Finance, 17(9-10), pp. 765–768. doi:10.1080/1351847x.2010.546684.

    [publisher’s website]

  21. Casu, B., Clare, A., Sarkisyan, A. and Thomas, S. (2011). Does securitization reduce credit risk taking? Empirical evidence from US bank holding companies. EUROPEAN JOURNAL OF FINANCE, 17(9-10), pp. 769–788. doi:10.1080/1351847X.2010.538526.
  22. Casu, B. and Girardone, C. (2010). Integration and efficiency convergence in EU banking markets. Omega, 38(5), pp. 260–267. doi:10.1016/j.omega.2009.08.004.

    [publisher’s website]

  23. Wilson, J.O.S., Casu, B., Girardone, C. and Molyneux, P. (2010). Emerging themes in banking: Recent literature and directions for future research. The British Accounting Review, 42(3), pp. 153–169. doi:10.1016/j.bar.2010.05.003.

    [publisher’s website]

  24. Zhao, T., Casu, B. and Ferrari, A. (2010). The impact of regulatory reforms on cost structure, ownership and competition in Indian banking. Journal of Banking & Finance, 34(1), pp. 246–254. doi:10.1016/j.jbankfin.2009.07.022.

    [publisher’s website]

  25. Sarkisyan, A., Casu, B., Clare, A. and Thomas, S. (2010). Does Securitization Improve Bank Performance? Evidence from US Commercial Banks. Bancaria (Associazione Bancaria Italiana), 3, pp. 56–62.
  26. Casu, B., Sarkisyan, A., Clare, A. and Thomas, S. (2010). Le cartolarizzazioni migliorano la performance delle banche?
    Alcune evidenze empiriche sulle banche commerciali statunitensi.     Bancaria, Special Issue.
  27. Casu, B. and Girardone, C. (2009). Testing the relationship between competition and efficiency in banking: A panel data analysis. Economics Letters, 105(1), pp. 134–137. doi:10.1016/j.econlet.2009.06.018.

    [publisher’s website]

  28. Casu, B. and Girardone, C. (2009). Competition Issues in European Banking. Journal of Financial Regulation and Compliance, 17(2), pp. 119–133.
  29. Casu, B. and Girardone, C. (2009). Integrazione ed efficienza nei mercati bancari europei. Banche e Banchieri, 5, pp. 345–357.
  30. Zhao, T., Casu, B. and Ferrari, A. (2008). Deregulation and productivity growth: a study of the Indian commercial banking industry. International Journal of Business Performance Management, 10(4), pp. 318–318. doi:10.1504/ijbpm.2008.019990.

    [publisher’s website]

  31. Casu, B., Ben Khedhiri, H. and Sheik Rahim, F. (2008). Profitability and interest rates differentials in Tunisian Banking. Journal of Financial Decision Making, 4(2).
  32. Casu, B. and Girardone, C. (2006). Bank Competition, Concentration and Efficiency in the Single European Market. The Manchester School, 74(4), pp. 441–468. doi:10.1111/j.1467-9957.2006.00503.x.
  33. Beccalli, E., Casu, B. and Girardone, C. (2006). Efficiency and Stock Performance in European Banking. Journal of Business Finance & Accounting, 33(1-2), pp. 245–262. doi:10.1111/j.1468-5957.2006.01362.x.

    [publisher’s website]

  34. Casu, B. and Thanassoulis, E. (2006). Evaluating Cost Efficiency in Central Administrative Services in UK Universities. Omega, The International Journal of Management Science, 34(5), pp. 417–426.
  35. Casu, B., Girardone, C. and Lukac, B.C. (2005). An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15, pp. 1053–1062.
  36. Casu, B. and Girardone, C. (2005). An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15(15), pp. 1053–1061.
  37. Casu, B., Shaw, D. and Thanassoulis, E. (2005). Using a group support system to aid input-output identification in DEA. Journal of the Operational Research Society, 56(12), pp. 1363–1372. doi:10.1057/palgrave.jors.2601965.
  38. Casu, B. and Girardone, C. (2004). Large banks' efficiency in the single European market. The Service Industries Journal, 24(6), pp. 129–142. doi:10.1080/0264206042000299211.

    [publisher’s website]

  39. Casu, B., Girardone, C. and Molyneux, P. (2004). Productivity Change in Banking: A Comparison of Parametric and Non-Parametric Approaches. Journal of Banking and Finance, 28(10), pp. 2521–2540.
  40. Casu, B. and Girardone, C. (2004). Financial Conglomeration: Efficiency, Productivity and Strategic Drive. Applied Financial Economics, 14(10), pp. 687–696.
  41. Casu, B., Molyneux, P. and Lukac, B.C. (2003). A Comparative Study of Efficiency in European Banking. Applied Economics, 35(17), pp. 1865–1876.
  42. Casu, B. and Giradone, C. (2003). Testing for managerial efficiency and productivity of Italian bank conglomerates. Credito Popolare, 3(3/4), pp. 353–370.
  43. Casu, B. and Girardone, C. (2002). A comparative study of the cost efficiency of Italian bank conglomerates. Managerial Finance, 28(9), pp. 3–23. doi:10.1108/03074350210768031.

    [publisher’s website]

  44. Casu, B., Girardone, C. and Lukac, B.C. (2002). A Comparative Study of the Cost Efficiency of Italian Bank Conglomerates. Managerial Finance, 28, p. 23.
  45. Casu, B. and Molyneux, P. (2000). Efficiency and Structural Issues in European Banking�. Revue Banque, 6, pp. 370–380.
  46. Casu, B. and Girardone, C. (1998). A comparative Analysis of the Efficiency of Italian Banking Groups. Credito Popolare, 4.
  47. Casu, B. (1998). The efficiency of the Italian banking system post-privatisation (1992 -1996). Problemi di Gestione dell'Impresa, 24, pp. 37–73.

Reports (3)

  1. Casu, B. and Sarkisyan, A. (2013). Retained Interests in Securitisations and Implications for Bank Solvency. Frankfurt am Main, Germany: European Central Bank.
  2. Ayadi, R., Arbak, E., Ben Naceur, S. and Casu, B. (2011). Convergence of Bank Regulations on International Norms in the Southern Mediterranean: Impact on Bank Performance and Growth. Brussels: Centre for European Policy Studie s (CEPS). ISBN 978-94-6138-086-9.
  3. Ben Naceur, S., Ben Khedhiri, H. and Casu, B. (2011). What Drives the Performance of Selected MENA Banks? A Meta-Frontier Analysis. Washington, US: International Monetary Fund.

Working paper

  1. Katsoulis, P., Casu, B. and Kalotychou, E. Systemic Stress Testing under Central and Non-Central Clearing.

Education

Course Directorship

- 2008 - present, MSc Banking and International Finance, Director
- 2011 - present, Centre for Banking Research, Director

Professional activities

Collaborations (academic) (3)

Editorial activity (16)

  1. Cogent Economics and Finance, Associate Editor, 2015 – present.
  2. Journal of Financial Management, Markets and Institutions, Associate Editor, 2012 – present.
  3. European Journal of Finance, Special Editor, 2011 – 2013.
  4. Banca Impresa Societa', Associate Editor, 2009 – present.
  5. The European Journal of Finance, Associate Editor, 2008 – present.
  6. European Journal of Finance, Referee, 2006 – present.
  7. Journal of Comparative Economics, Referee, 2006 – present.
  8. European Economic Review, Referee, 2004 – present.
  9. Journal of Business, Finance and Accounting, Referee, 2004 – present.
  10. Journal of Productivity Analysis, Referee, 2004 – present.
  11. European Journal of the Operational Research Society, Referee, 2003 – present.
  12. Omega, the International Journal of Management Science, Referee, 2002 – present.
  13. Applied Economics, Referee, 2001 – present.
  14. Applied Financial Economics, Referee, 2001 – present.
  15. Journal of Banking and Finance, Referee, 2001 – present.
  16. Journal of the Operational Research Society, Referee, 2001 – present.

Events/conferences (22)

  1. Sovereign Debt Crisis Conference. (Conference) Monaco (2015). Invited speaker.
    Paper: Bank CDS spreads and Banking Fragility
    Author: Casu B.
    Co-authors: Ballestrer, L., González-Urteaga A.
  2. Emerging Markets Conference. (Conference) London, UK (2014).
    Paper: Foreign bank entry and net interest margins: evidence from Southeast Europe
    Author: Beqiri Z
    Co-authors: Casu, B., Fabbri, D
  3. BAFA Annual Conference. (Conference) London, UK (2014).
    Paper: Does compliance harm bank performance?
    Author: Casu B.
    Co-authors: Ayadi, R., Ben Naceur, S., Quinn, B.
  4. FINEST. (Conference) Rome (Italy) (2013).
    Paper: Bank CDS spreads and Banking Fragility
    Author: Casu B.
    Co-authors: Ballestrer, L., González-Urteaga A
  5. FEBS. (Conference) London, UK (2012).
    Paper: Credit and Liquidity Support in Securitisations and Implications for Bank Solvency
    Author: Casu B.
    Co-authors: Sarkysian, A
  6. DNB-EBC-JMCB-KU conference on "Post-Crisis Banking". (Conference) Amsterdam (2012). Invited speaker.
    Paper: Credit and Liquidity Support in Securitisations and Implications for Bank Solvency
    Author: Casu B
    Co-authors: Sarkysian, A.
  7. BAFA Annual Conference. (Conference) Cardiff, UK (2012).
    Paper: Retained Interests in Securitisations and Implications for Bank Solvency
    Author: Casu B.
    Co-authors: Sarkisyan, A.
  8. 2nd Emerging Scholars in Banking and Finance. (Conference) Cass Business School (2010). Chair and Organising Committee.
  9. Emerging Scholars in Banking and Finance. (Conference) Cass Business School (2009). Organising Committee.
  10. BAA Annual Conference. (Conference) Dundee, UK (2009).
    Paper: Competitive behaviour and risk taking incentives in the lending market:
    Author: Casu B
    Co-authors: T. Zhao, A. Ferrari
  11. Credit Risk Transfer and Bank Stability. (Conference) Cass Business School (2008). Organising Committee.
  12. Uses of Frontier Efficiency Methodologies for Performance Measurement in the Financial Services Sector. (Conference) Imperial College, London (2008). Invited speaker.
    Paper: Does Competition Lead to Efficiency? The Case of EU Commercial Banks
    Author: Casu B
    Co-authors: Girardone C
  13. Productivity in the Financial Services Sector. (Conference) Luxemburg (2008). Invited speaker.
    Paper: Integration and Efficiency in EU banking markets
    Author: Casu B.
    Co-authors: Girardone C.
  14. Equity and Economic Development. (Conference) Cairo, Egypt (2008). Invited speaker.
    Paper: What Drives the Efficiency of Selected MENA Banks? A Meta-Frontier Analysis
    Author: Casu B.
    Co-authors: Ben Naceur, S. and Ben-Khedhiri, H.
  15. EWEPA X, 10th European Workshop on Efficiency and Productivity Analysis. (Conference) Lille, france (2007).
    Paper: South East Asian Banking after the Crisis: a Non-Parametric Analysis of the Impact of Environmental Factors
    Author: Casu B.
    Co-authors: Mohd Khan, S
  16. BAA (British Accounting Association) Annual Conference. (Conference) Royal Holloway, London, UK (2007). Invited speaker.
    Paper: Cost structure, ownership effect and competition: the role of deregulation and prudential-regulation
    Author: Casu B.
    Co-authors: Zhao, T. and Ferrari A.
  17. Bank Competition and Concentration: A EU Prospective. (Workshop) Bergamo, Italy (2006). Invited speaker.
    Paper: Domestic and Cross-Border Consolidation in the EU: an anaysis of the determinants
    Author: Casu B.
  18. Efficiency Analysis in Macroeconomics and Finance. (Workshop) University of Essex, Colchester, UK (2005). Invited speaker.
    Paper: Bank Concentration and Performance in the Single European Market
    Author: Casu B.
    Co-authors: Girardone, C
  19. Data Envelopment Analysis and Performance Management. 4th International DEA Symposium. (Conference) Aston Business School, Birmigham (2004). Organising Committee.
  20. 4th DEA International Workshop. (Conference) (2004).
    Paper: Productivity Change in European Banking: An Analysis of the Relevance of OBS Items
    Author: Casu B.
    Co-authors: Girardone, C.
  21. 2003 EURO/INFORMS. (Conference) Istanbul, Turkey (2003). Session/Day Chair.
  22. Competition among Banks: Good or Bad. (Conference) Wharton School / CFS conference, Johann Wolfgang Goethe- Universitat Frankfurt am Main, Germany (2000).
    Paper: A Comparative Study of Efficiency in European Banking
    Author: Casu B.
    Co-authors: Molyneux, P.