- Utilising the system for criminal activities (money laundering, funding terrorism etc.)
- Protecting the customer so that deposits are safe and also information protection
- The creation of money
Friday, November 06, 2009
Balance of competitive forces is a prime consideration for mobile banking regulation
The complexity of providing regulatory frameworks for transformational banking is well known. While regulators are keen to create mechanisms to ensure access to banking services also for the poor, they have to the risks in changing existing regulations. I have written about these risks. (Read here). To recap, the following are the typical risks that one should be thinking of:
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