Template-Type: ReDIF-Article 1.0
Author-Name: Svetlana V. Krivoruchko
Author-Email: gleb@33.east.ru
Author-Workplace-Name: Institute of Financial and Economic Research, Financial University under the Government of the Russian Federation
Author-Name: Valery A. Lopatin
Author-Email: valopatin@mail.ru
Author-Workplace-Name: Institute of Financial and Economic Research, Financial University under the Government of the Russian Federation
Title: Banks as Subjects of the National Payment System: Contemporary Issues
Abstract: The article considers the issues of smooth rendering of payment services and rapid growth of operational risks and money laundering and terrorism financing risks resulting from wide utilization of electronic means of payment as well as the problem of reducing the bank and non-bank credit institutions share market resulting from expansion of the alternative payment service systems using “money substitutes”. The ways to solve problems are proposed by the authors as well.
Classification-JEL: G21, G18
Keywords: smooth rendering of payment services, operational risk, money laundering and terrorism financing risk, electronic means of payment, bank and non-bank credit institutions, money substitutes
Journal: Finansovyj žhurnal — Financial Journal
Pages: 111-117
Issue: 2
Year: 2016
Month: April
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/2/statyi_2/10.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:160210:p:111-117