E-Money : Prudential Supervision, Oversight, and User Protection /

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 (...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Dobler, Marc
अन्य लेखक: Garrido, Jose, Jan Grolleman, Dirk, Khiaonarong, Tanai
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2021.
श्रृंखला:Departmental Papers; Departmental Paper ; No 2021/027
विषय:
ऑनलाइन पहुंच:Full text available on IMF
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100 1 |a Dobler, Marc. 
245 1 0 |a E-Money :   |b Prudential Supervision, Oversight, and User Protection /  |c Marc Dobler, Jose Garrido, Dirk Jan Grolleman, Tanai Khiaonarong. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (33 pages) 
490 1 |a Departmental Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
650 7 |a Financial Instruments  |2 imf 
650 7 |a General Financial Markets  |2 imf 
650 7 |a Institutional Investors  |2 imf 
650 7 |a Non-Bank Financial Institutions  |2 imf 
650 7 |a Pension Funds  |2 imf 
700 1 |a Garrido, Jose. 
700 1 |a Jan Grolleman, Dirk. 
700 1 |a Khiaonarong, Tanai. 
830 0 |a Departmental Papers; Departmental Paper ;  |v No 2021/027 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/087/2021/027/087.2021.issue-027-en.xml  |z IMF e-Library