E-Money: Prudential Supervision, Oversight, and User Protection - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook E-Money: Prudential Supervision, Oversight, and User Protection write by Mr. Marc C Dobler. This book was released on 2021-12-14. E-Money: Prudential Supervision, Oversight, and User Protection available in PDF, EPUB and Kindle. This departmental paper discusses the evolving prudential frameworks for nonbank issuers of electronic money. Some jurisdictions take a relatively light-touch approach to regulating electronic money issuers (EMIs). Others have sought to apply more stringent requirements to protect electronic money (e-money) users, as the sector has grown in importance. The paper aims to build on previous IMF staff contributions to the literature and to draw policy conclusions for strengthening e-money regulatory regimes; in particular in jurisdictions where issuers, individually or collectively, have grown to a size to which they are of macro-financial importance (see below). Chapter 2 provides background on the development of e-money, its economic benefits, and potential risks. Chapter 3 discusses prudential supervision of EMIs, followed in Chapter 4 by their oversight from a payments system perspective. Chapter 5 discusses potential additional measures for user protection and contingency arrangements for EMI failure. The last chapter presents policy recommendations for policymakers, especially in those emerging market economies and developing countries wherein EMIs have reached a scale at which they could have a significant economic impact if they were to fail.
E-Money
E-Money - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook E-Money write by . This book was released on . E-Money available in PDF, EPUB and Kindle.
Prudential Supervision
Prudential Supervision - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Prudential Supervision write by Frederic S. Mishkin. This book was released on 2009-02-15. Prudential Supervision available in PDF, EPUB and Kindle. Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and corruption. Prudential supervision provides that oversight, using government regulation and monitoring to ensure the soundness of the banking system and, by extension, the economy at large. The contributors to this thoughtful volume examine the current state of prudential supervision, focusing on fundamental issues and key pragmatic concerns. Why is prudential supervision so important? What kinds of excess must it guard against? What particular forms does it take? Which of these are the most effective deterrents against mismanagement and system overload in today's rapidly shifting financial climate? The contributors foresee a continued movement beyond simple regulatory rules in banking and toward a more active evaluation and supervision of a bank's risk management practices.
Oversight Issues in Mobile Payments
Oversight Issues in Mobile Payments - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Oversight Issues in Mobile Payments write by Tanai Khiaonarong. This book was released on 2014-07-15. Oversight Issues in Mobile Payments available in PDF, EPUB and Kindle. This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
Fintech and Payments Regulation: Analytical Framework
Fintech and Payments Regulation: Analytical Framework - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fintech and Payments Regulation: Analytical Framework write by Mr.Tanai Khiaonarong. This book was released on 2020-05-29. Fintech and Payments Regulation: Analytical Framework available in PDF, EPUB and Kindle. Financial technology (Fintech) has prompted authorities to consider their potential financial stability benefits, risks, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on recent international experiences in modernizing legal and regulatory frameworks for payment services. An analytical framework based on a four-step process is proposed—(i) identifying payment activities; (ii) licensing entities and designating systems; (iii) analyzing and managing risks, and (iv) promoting legal certainty. As payment activities evolve and potential systemic risks heighten, adherence to international standards and additional regulatory requirements should be warranted.
