Eugenia Macchiavello
Visiting Research Fellow, NYU Center for Financial Institutions, New York
Ph.D. Corporate Governance 2011, University of Genoa
LL.M. 2010, New York University School of Law
Attorney, admitted to the Italian bar (2009)
Web-page: http://www.clfge.org/teams/eugenia-macchiavello/
Publications: http://www.clfge.org/teams/eugenia-macchiavello/list-of-pubblications-eugenia-macchiavello/
Supervisors: Professor Guido Ferrarini and Professor Geoffrey P. Miller
Ph.D. Corporate Governance 2011, University of Genoa
LL.M. 2010, New York University School of Law
Attorney, admitted to the Italian bar (2009)
Web-page: http://www.clfge.org/teams/eugenia-macchiavello/
Publications: http://www.clfge.org/teams/eugenia-macchiavello/list-of-pubblications-eugenia-macchiavello/
Supervisors: Professor Guido Ferrarini and Professor Geoffrey P. Miller
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Papers by Eugenia Macchiavello
This book considers microfinance from a legal and regulatory perspective. Microfinance is the provision of a wide range of financial services, particularly credit but also remittances, savings, to low-income people or financially excluded. It combines a business structure with social inspiration, often resorts to technological innovations to lower costs (Fintech: e.g. crowdfunding and mobile banking) and merges with traditional local experiences (e.g. financial cooperatives and Islamic finance), this further complicating the regulatory picture. The book describes some of the unique dimensions of microfinance and the difficulties which this can cause for regulators, also through a comparative analysis of selected EU countries’ regimes. The focus is in fact on the European Union legal framework, with some references to certain developing world experiences where relevant. The book assesses the impact and validity of current financial regulation principles and rules, in light of the most recent developments and trends in financial regulation in the wake of the financial crisis and compares microfinance with traditional banking. The book puts forward policy recommendations for regulators and policy makers to help address the challenges and opportunities offered by microfinance.