This will only happen when standards and requirements for service providers are transparent, understandable and the same for all. A regulator that has zero tolerance of the non-market behavior of financial institutions will be watching over companies. I can guarantee that. What is more, financial services will be available online from all devices, be it a laptop, a smartphone, or an iPad.
Research done by the staff at the Federal Reserve Board using other types of models also suggests that when the persistence of shocks is uncertain, using core inflation rather than headline inflation in central bank reaction functions can improve policy outcomes (Bodenstein, Erceg, and Guerrieri, 2007).