Dr D’Alvia awarded funding to research the resilience of Central Banks in the Digital Era
The Exploratory Impact Award from Queen May Impact Fund will explore how Central Banks can adapt to the new challenges presented by digital money and AI-enabled finance.
Everyday retail and wholesale payments in the UK and EU now depend on complex digital infrastructures that are increasingly outsourced to a small number of non-EU and EEA state providers. Any disruption to these services could paralyse domestic transactions, strain liquidity, and undermine confidence in central bank money.
Legal and regulatory frameworks have not kept up with these developments, and remains fragmented across various areas of the sector, with no clear guidance on how to integrate central bank currencies with these new digital tools.
To address this, Dr Daniele D’Alvia’s project will provide an evidence-based assessment of the legal and institutional vulnerabilities in the current arrangements and a produce Resilience Toolkit, providing legal templates and supervisory checklists that can be directly embedded into current policy and oversight practice.
These proposed measures will be informed by a visit to European Central Bank in Frankfurt, and a special Bank of England conference with policymakers and industry.
Dr Daniele D’Alvia, Lecturer in Banking and Finance Law at Queen Mary University of London, said: “I am honoured to have won this award, and I would like to thank my mentor and colleague Professor Lastra, who gave me the inspiration for this project. She has especially aided me through her network of central banks, and I am very grateful for her support.”
More information:
- Dr Daniele D’Alvia is Deputy Director of Queen Mary’s Institute of Banking and Finance Law.
- Study an LLM in Banking and Finance Law with us.