Supervising Nonbank E-Money Issuers

Nonbank e-money issuers (NEMIs) can play an important role in providing an array of financial services - particularly payments, transfers, and savings - for those who are currently excluded from the formal financial system. In some countries, private sector interest in establishing NEMI operations has been hindered by policy maker concerns over the lack of a clear supervisory framework for this relatively new category of financial institution. In light of this, CGAP researched the current supervisory practice in 10 countries that permit NEMIs and found that while few have a clear supervisory approach, all engage in minimal post-licensing supervision.

Bibliographic Details

Main Authors:	Lauer, Kate, Tarazi, Michael
Format:	Brief biblioteca
Language:	English en_US
Published:	CGAP, Washington, DC 2012-07
Subjects:	ACCOUNT BALANCES, AUDITS, BANK HOLDING, BANK SUPERVISION, BANKING SUPERVISION, BANKRUPTCY, BRANCHLESS BANKING, CAPABILITY, CENTRAL BANK, COMPUTER SYSTEM, CONSUMER PROTECTION, CONSUMERS, CREDITORS, CRIMINAL PURPOSES, CUSTOMER ACCOUNTS, CUSTOMER BASE, DATA PRIVACY, DATA SECURITY, DATA SECURITY BREACHES, DEPOSIT, DEPOSIT INSURANCE, DEPOSITS, DEVELOPING COUNTRIES, E-MONEY, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL REGULATOR, FINANCIAL SERVICES, FINANCIAL SYSTEM, FRAUD, GENERAL PUBLIC, HOLDING, INNOVATIONS, INSPECTION, INSPECTIONS, INSTRUMENT, INSURANCE POLICY, INSURER, INTERNAL POLICIES, INTERNATIONAL STANDARD, ISSUANCE, LIQUID INVESTMENT, LIQUIDITY, LIQUIDITY RATIO, LIQUIDITY RISK, MOBILE NETWORK, MOBILE PHONE, MONEY LAUNDERING, MONEY TRANSFER, MONEY TRANSFERS, OUTSOURCING, PARTNER BANK, PAYMENT SERVICE, PAYMENT SERVICES, PAYMENT SYSTEMS, PERSONAL INFORMATION, PRIVATE SECTOR, PROTECTION REQUIREMENTS, PRUDENTIAL SUPERVISION, PUBLIC FUNDS, REGULATOR, REGULATORS, REGULATORY FRAMEWORK, REGULATORY REQUIREMENTS, REGULATORY SCHEMES, REMITTANCE, REMITTANCES, RESULT, RETAIL PAYMENT, RETAIL PAYMENT SYSTEMS, SAVINGS, SAVINGS ACCOUNTS, SERVICE PROVIDER, SETTLEMENT, SETTLEMENT RISK, SETTLEMENT SYSTEMS, SUPERVISION, SUPERVISORY AUTHORITY, SYSTEMIC RISK, TELECOM, TELECOMMUNICATIONS, TERRORIST, TRANSACTION,
Online Access:	http://documents.worldbank.org/curated/en/2012/07/17274320/supervising-nonbank-e-money-issuers http://hdl.handle.net/10986/17100
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