Saturday , November 2 2024
Home / Dirk Niepelt / Bank of England Opens Access to Payment System

Bank of England Opens Access to Payment System

Summary:
A progress update by the Bank of England describes the Bank’s intention, over time, to extend direct access to RTGS to non-bank Payment Service Providers (firms granted the status of E-Money Institutions or Payment Institutions in the UK), collectively known as PSPs. By extending RTGS access, our objective is to increase competition and innovation in the market for payment services.

Topics:
Dirk Niepelt considers the following as important: , , , , , ,

This could be interesting, too:

Marc Chandler writes FX Becalmed Ahead of the Weekend and Next Week’s Big Events

Marc Chandler writes US Rates Extend Gains to Fray 4 percent

Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”

Dirk Niepelt writes The New Keynesian Model and Reality

A progress update by the Bank of England describes the Bank’s intention, over time,

to extend direct access to RTGS to non-bank Payment Service Providers (firms granted the status of E-Money Institutions or Payment Institutions in the UK), collectively known as PSPs. By extending RTGS access, our objective is to increase competition and innovation in the market for payment services.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

Leave a Reply

Your email address will not be published. Required fields are marked *