Governance Of Retail Payment Systems
DOWNLOAD
Download Governance Of Retail Payment Systems PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Governance Of Retail Payment Systems book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Governance Of Retail Payment Systems
DOWNLOAD
Author : World Bank
language : en
Publisher:
Release Date :
Governance Of Retail Payment Systems written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
As innovation in retail payments continues and the systems evolve, effective governance of them becomes more complicated and increases in importance. Retail payment systems are essential for the economy to function efficiently, and more and more, they are something on which all individuals rely on in order to participate in economic life. Effective governance arrangements of retail payment systems are critical not just for the stability, reliability, and efficiency of the financial system but also for its capacity to manage and respond to the changing policy and market environment. Governance calls for focused attention, and retail payment systems deserve and require distinct and specific guidance regarding governance. This is because issues related to retail payment system governance go beyond the typical corporate issues, precisely because of the underlying public interest and the broader public policy objectives of safety and efficiency. This paper provides context and considerations regarding the governance of retail payment systems within this changing environment. It provides examples of approaches specific to the governance of retail payment systems and the different factors that influence and guide them. It refers to related legal frameworks, principles, and reference materials that may be useful in conducting reviews. And it draws on and shares examples of the challenges, frameworks, and arrangements of specific countries and systems. The paper provides specific guidance for practical matters, such as the regular assessment and revision of governance arrangements, the importance of acknowledging public interest, maintaining access rules that are in line with market needs and developments, achieving and maintaining a high degree of transparency regarding governance, and in ensuring that the board and management have the right skills and knowledge. The paper concludes with several themes for consideration that will help authorities and other relevant stakeholders navigate the topic of governance for retail payment systems.
Payment Systems Design Governance And Oversight
DOWNLOAD
Author : Bruce J. Summers
language : en
Publisher:
Release Date : 2012
Payment Systems Design Governance And Oversight written by Bruce J. Summers and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Clearinghouses (Banking) categories.
Securities Clearance And Settlement Systems
DOWNLOAD
Author : Mario Guadamillas
language : en
Publisher: World Bank Publications
Release Date : 2001
Securities Clearance And Settlement Systems written by Mario Guadamillas and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banks and banking categories.
How to assess securities clearance and settlement systems, based on international standards and best practices.
Money Payment Systems And The European Union
DOWNLOAD
Author : Gabriella Gimigliano
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2016-12-14
Money Payment Systems And The European Union written by Gabriella Gimigliano and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-14 with Business & Economics categories.
When the term “governance” is associated with money, the mind goes directly to the traditional regulatory paradigm, i.e. the nation State-Central Banking-Currency. However, over time, there has been a steady erosion of the nation states’ sovereignty, also in the area of monetary law. This process of erosion is still working from within and externally to the nation State or, in other words, from upwards to downwards and vice versa. Moving from upwards to downwards, highly interconnected financial markets have urged the national competent authorities to improve the global level of coordination in terms of sharing regulatory standards, supervisory models and risk-monitoring procedures. In the downwards-upwards direction, the concept of sovereignty is critically revised from the perspective of new and alternative means of payment, thanks to the growth of e-commerce and mobile commerce and new complementary currency projects. The European Union is a feasible institutional context in which to investigate the development of the governance of money. Indeed, the EU, considered as a “unique economic and political partnership”, has not laid down a clear-cut definition of money, but the Member States have been carrying on a varying transfer of sovereignty and, in particular, of monetary sovereignty. This book examines money as a means of payment and a reserve of value within the framework of the European Union, with particular attention to community-based currencies. This book will prove an interesting and informative read for academics, students and policymakers with an interest in the development of monetary and financial systems.
Payment Systems
DOWNLOAD
Author : David B. Humphrey
language : en
Publisher: World Bank Publications
Release Date : 1995
Payment Systems written by David B. Humphrey and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.
The Japanese Central Banking System Compared With Its European And American Counterparts
DOWNLOAD
Author : Yoshiharu Oritani
language : en
Publisher: Springer
Release Date : 2019-07-09
The Japanese Central Banking System Compared With Its European And American Counterparts written by Yoshiharu Oritani and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-09 with Business & Economics categories.
This book uniquely explores the role and governance mechanism of central banks by applying new institutional economics (NIE). Simultaneously, the book tests the analytical viability of NIE when applied to an organization that has both public and private characteristics. Special attention is paid to the Bank of Japan (BOJ) based on the author’s 30 years of work experience and “participant observation” there, touching upon discussion of central bank independence. The book argues that central bank independence cannot be defended solely by law, and a mechanism to eliminate requests from politicians needs to be embedded within the governance structure. The book also provides a comparative analysis between the BOJ and central banks in Europe and the USA. In reviewing the global financial crisis of 2008–2009, it suggests possible measures based on behavioral economics and public choice theory. These theory-based analyses provide useful insights when considering matters such as whether a central bank should issue electronic money or the European system of central banks could be established in Asia.
Payment Systems In The Financial Markets
DOWNLOAD
Author : Marco Rossi
language : en
Publisher: Springer
Release Date : 1998-06-12
Payment Systems In The Financial Markets written by Marco Rossi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-12 with Business & Economics categories.
The payment system is one of the mechanisms essential to the working of an exchange economy. Over the last decade, central banks have been determined to improve their payment systems to harmonise and reduce risk, and in Europe to anticipate their future interconnection in the TARGET system. This book provides the analytic framework for an informed policy debate on the implications for monetary policy.
Retail Payments In Selected Countries
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1999
Retail Payments In Selected Countries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Credit cards categories.
Investigating The Design Of The Retail Payment System
DOWNLOAD
Author : Yuya Sugio
language : en
Publisher:
Release Date : 2022
Investigating The Design Of The Retail Payment System written by Yuya Sugio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Globally, a variety of innovative technologies are emerging and traditional economic activities are gradually shifting to the digital economy. Among these, in the retail payment sector, which deals with customer contact and payment information, a trend to review interbank retail payment systems is occurring in many countries. The UK initiative has led the way, and similar efforts to instantiate and remake retail payment systems into new systems have been underway in various countries. One of the reasons of the reviews is the fact that, from the user's point of view, there are many aspects of payment services provided by companies that are not user-friendly. In the Japanese retail payments sector, there are various issues such as lack of interoperability, and the government and the banking industry are working to improve these issues. This paper focuses on providing recommendations for the Japanese case. It examines the state of the retail payment systems, considering the payment systems as a quasi-public social infrastructure that can affect all industries, rather than simply a system in the financial sector. More specifically, this paper focuses on the interbank retail fast payment systems and mobile payments based on it, while taking a broad view of the retail payment system, including its regulatory framework. There are various stakeholders with different perspectives in the retail payment system, and the central bank has a neutral perspective and can be the best entity that could provide the system. In reviewing the retail payment system, it is desirable for stakeholders to compare multiple design options and make decisions after clarifying the performance and functions they need. In the Japanese case, the best design option in the short term would be to utilize the banking industry's Cotra system while applying regulations to ensure interoperability, and in the long term, the central bank could provide the system, including the issuance of Central Bank Digital Currency (CBDC). This paper aims to provide a new perspective to stakeholders of the Japanese retail payment system and contribute to the discussion on the future review of it.
General Principles For International Remittance Services
DOWNLOAD
Author : Group of Ten. Committee on Payment and Settlement Systems
language : en
Publisher:
Release Date : 2007
General Principles For International Remittance Services written by Group of Ten. Committee on Payment and Settlement Systems and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Emigrant remittances categories.