02692cas a2200337 a 4500 AALejournalIMF022199 230101c9999 xx r poo 0 0eng d 20.00 USD 9781513593401 2616-5333 BD-DhAAL BD-DhAAL Dobler, Marc. E-Money : Prudential Supervision, Oversight, and User Protection / Marc Dobler, Jose Garrido, Dirk Jan Grolleman, Tanai Khiaonarong. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (33 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Financial Instruments imf General Financial Markets imf Institutional Investors imf Non-Bank Financial Institutions imf Pension Funds imf Garrido, Jose. Jan Grolleman, Dirk. Khiaonarong, Tanai. Departmental Papers; Departmental Paper ; No 2021/027 Full text available on IMF http://elibrary.imf.org/view/journals/087/2021/027/087.2021.issue-027-en.xml IMF e-Library