Tuesday, February 17, 2004

More supervision on payments (systems)

Our Ministry of Finance has now published this letter to explain that a separate supervisory structure will be set up to ensure safe infratsructure for payments. Essentially all providers of payment infrastructures will need licenses. As such a long cherished desire of the central bank will be realised.

But as with e-money, we will undoubtedly face many more discussions on what payment systems are and what the specific roles will be of Authority Financial Market, De Nederlandsche Bank and the Nederlandse Mededingingsautoriteit.