Michele Federle

How GAFA can bully banks 0
- Financial Policy and International Markets, Op-ed
- 27/02/2019
Facebook and Apple allow their users to exchange money with one another. Amazon grants loans to its sellers and is about to offer checking accounts to its younger users. Google Pay is the perfect online substitute for our analogical wallet. How long will it take before the GAFA (Google, Amazon, Facebook, Apple) enter the banking club officially? Should commercial banks feel threatened by the big tech companies?
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What if central banks meddle with cryptocurrencies?1
- Financial Policy and International Markets, Op-ed
- 02/01/2019
Cryptocurrencies were set to disrupt and completely revolutionize the use and the very concept of money. Yet, 10 years on from the launch of Bitcoin — the pioneer among cryptocurrencies — cash is still alive and well, and the digital currency revolution is not in sight. The economic institution to revive the hype around digital currencies may be one above any suspicion: the central bank.
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The shady side of shadow banking monitoring 0
- Financial Policy and International Markets, Op-ed
- 28/10/2018
In the post-crisis scenario, monitoring the interconnectedness of traditional and shadow banks has been a major focus of international supervisors. Despite much improvement, the tools put in place to monitor shadow banking activities might not suffice to shed a proper light on the risks we are running.
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Islamic finance: zero interest, high expectations 1
- Financial Policy and International Markets, Op-ed
- 27/07/2018
All across the globe, Islamic finance is gaining momentum. Based on an interest-free paradigm, this budding industry for European financial markets is deemed a potential game-changer for financial stability.
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