Protection of Customers’ Funds in Electronic Money: a myriad of regulatory approaches
Published on Friday, October 28, 2016 | Updated on Sunday, July 17, 2022
Protection of Customers’ Funds in Electronic Money: a myriad of regulatory approaches
Like all financial services, electronic money presents risks that need to be addressed. National regulatory efforts have followed a myriad of approaches to ensure that customers (i) are effectively protected against loss of their funds in the event of insolvency of the issuer (insolvency risk) and (ii) are able to access their funds upon demand (liquidity risk).
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