The article discusses various aspects of financial innovation in retail and corporate banking. Researchers explore topics such as microfinance, technological innovation in banking, internet banking, intellectual property rights, credit derivatives, and transparency in stock markets. Key findings include the shift to ATMs in banking, the challenge of internet payments in the retail industry, and the regulatory developments of covered bonds in Europe. The study also compares credit derivatives with loan sales in the European banking market and emphasizes the importance of regulatory support for credit derivative markets.