Rethinking Capitalism (ReCap) Webinar Series

How FinTech Will Transform Banking... If Politics Permits It

by Charles Calomiris (Columbia Business School)

Friday 18 March 2022, 5pm (CET) - Online (ZOOM) from the University of Milano-Bicocca

Webinar Description

FinTech firms that are providing banking services look very different from traditional banks. They tend to specialize either in payments or credit (a phenomenon known as unbundling), and they often fund themselves using off-balance sheet mechanisms. These and other aspects mean that they are more efficient and profitable than existing banks, and they also have shown the ability to be more inclusive of customers that are poor or members of minority groups. The next generation of these intermediaries could prove even more effective at delivering beneficial services, unless the self-interested defenders of the status quo (who correctly see progress as a threat to their own entrenched interests) succeed in killing off new intermediaries with prohibitive regulations. Stable coin banks of the future are a particularly interesting example of a way to improve service to customers and foster greater stability of the payments system. But that means they are all the more under political attack by special interests.

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Friday 18 March 2022, 5pm (CET)


ZOOM streaming from the
University of Milano-Bicocca

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In collaboration with

Charles Calomiris (Columbia Business School)

Online Papers

Amaral-Garcia, S., Dalla Pellegrina, L., & Garoupa, N. (2020). Consensus and Ideology in Courts: An Application to the Judicial Committee of the Privy Council (Working Paper No. 430). University of Milan Bicocca Department of Economics, Management and Statistics.

Baiardi, D. (2019). Do Sustainable Energy Policies Matter for Reducing Greenhouse Gas Emissions? SSRN Electronic Journal

Baiardi, D., & Morana, C. (2020). Climate Change Awareness: Empirical Evidence for the European Union. SSRN Electronic Journal



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