"Legal Foundations Of Payment And Settlement Systems | Law

This book examines the evolving landscape of payment and settlement systems amid rapid technological advancements and new market entrants emphasising the critical role of robust legal frameworks in fostering stability efficiency and financial inclusion. The concept of secure efficient and accessible payment and settlement systems supported by robust legal frameworks and processes as the foundation of a stable financial system is not new. However rapid technological developments and the entrance of new players have transformed perhaps even disrupted the payment ecosystem. This book explores the design oversight and enforcement of regulatory environments offering a critical analysis of current policy and legislative initiatives to address risks and enhance system resilience. Integrating insights from regulatory theory corporate governance economics and central banking the book navigates tensions between public and private oversight innovation and legal clarity particularly in costly cross-border payments. It debates whether regulators should merely mitigate risks or actively reshape financial infrastructures to harness the transformative potential of payment systems for global economic and societal benefit. This book will be of interest to researchers in the law of emerging technologies financial and banking law and economics. |Legal Foundations of Payment and Settlement Systems | Law