The second Emerging Scholars Conference in Banking and Finance took place at Cass Business School, City University, London, on 9 December 2010. It was jointly organised by The British Accounting and Finance Association’s Financial Markets and Institutions-Special Interest Group (FMI-SIG) and the Centre for Banking Research at Cass Business School. A key objective of the FMI-SIG is to provide opportunities for emerging scholars to debate their work in a constructive collegial environment and to support early-career scholar’s transition into the academic community. To that end, the emerging scholars’ conference was accompanied by a special issue of the European Journal of Finance. The theme for the conference was contemporary issues in financial institutions and markets. It was deliberately general to reflect the diversity of research across FMI, and to encourage as broad a submission as possible from emerging scholars with the overriding objective of promoting the best work at the conference and in the special issue.