CPMI report reviews the ‘growing involvement’ of non-banks in retail payments
Basel group flags up several issues arising from non-bank presence
Central banks should be alert to the "growing involvement" of non-banks in retail payments, and how this will impact the distribution of risk and competitive balance in the system, according to a report published today by the Committee on Payments and Market Infrastructures (CPMI).
A working group at the CPMI, formerly the CPSS, was set-up in 2012 to study why non-banks – entities "whose main business is not related to taking deposits from the public and using these deposits to make loams" – are
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