Developments in electronic money regulation - the Electronic Money Directive: a better deal for e-money issuers?
Developments in electronic money regulation - the Electronic Money Directive: a better deal for e-money issuers?
The recent adoption of the new E-Money Directive by the Council of the European Union has introduced key changes to European e-money legislation. The adoption of the new directive follows the European Commission's review of the original e-money directive and the market that it was intended to facilitate, which found that e-money has yet to deliver the benefits that were anticipated.
In addition to discussing the perceived shortcomings of the original directive against its objectives, this article highlights the key regulatory changes introduced by the new directive and considers the success of e-money in Japan.
Whilst recognising that the new directive removes a number of regulatory barriers to issuing e-money, the authors conclude that significant investment in technologies and infrastructure, combined with supplier collaboration to develop attractive and innovative services for consumers, will be essential to the successful growth of e-money in Europe.
electronic money directive, e-money, e-commerce, electronic money issuers, money laundering, japan
563 - 568
Moore, Roksana
4768add9-37aa-4898-9d67-681b1c39e7fd
Halpin, Ruth
02571bf3-ee6e-4d6d-9bd5-eaff65854812
November 2009
Moore, Roksana
4768add9-37aa-4898-9d67-681b1c39e7fd
Halpin, Ruth
02571bf3-ee6e-4d6d-9bd5-eaff65854812
Moore, Roksana and Halpin, Ruth
(2009)
Developments in electronic money regulation - the Electronic Money Directive: a better deal for e-money issuers?
Computer Law & Security Review, 25 (6), .
(doi:10.1016/j.clsr.2009.09.010).
Abstract
The recent adoption of the new E-Money Directive by the Council of the European Union has introduced key changes to European e-money legislation. The adoption of the new directive follows the European Commission's review of the original e-money directive and the market that it was intended to facilitate, which found that e-money has yet to deliver the benefits that were anticipated.
In addition to discussing the perceived shortcomings of the original directive against its objectives, this article highlights the key regulatory changes introduced by the new directive and considers the success of e-money in Japan.
Whilst recognising that the new directive removes a number of regulatory barriers to issuing e-money, the authors conclude that significant investment in technologies and infrastructure, combined with supplier collaboration to develop attractive and innovative services for consumers, will be essential to the successful growth of e-money in Europe.
Text
Developments_in_electronic_money_regulation_-_the_Electronic_Money_Directive_-_A_better_deal_for_e-money_issuers?.pdf
- Other
Restricted to Repository staff only
More information
e-pub ahead of print date: 18 November 2009
Published date: November 2009
Keywords:
electronic money directive, e-money, e-commerce, electronic money issuers, money laundering, japan
Organisations:
Southampton Law School
Identifiers
Local EPrints ID: 338110
URI: http://eprints.soton.ac.uk/id/eprint/338110
ISSN: 2212-4748
PURE UUID: 0683ebab-8ca1-4552-9728-afbb72878345
Catalogue record
Date deposited: 10 May 2012 10:37
Last modified: 14 Mar 2024 11:01
Export record
Altmetrics
Contributors
Author:
Roksana Moore
Author:
Ruth Halpin
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics