The collaboration between Milano Hub and the other two innovation incubators, the Fintech Channel and the regulatory sandbox, are sure to strengthen this process.
These include estimated G-SIBs’ funding cost advantages by looking at prices of bonds, credit default swaps and equities. Inevitably, the results are not identical. Generally, they show that funding cost advantages peaked during the global ﬁnancial crisis and have since fallen, although not below levels seen before the crisis. Lower funding cost advantages indirectly suggest that the implicit funding subsidy has fallen.