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We should not be investing in producing coins with a better anti-counterfeiting coating, we should be letting coins fade into oblivion, starting with an immediate end to the production of 1p and 2p pieces.

From Let the coins go | Consult Hyperion.

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“This is because the FCA has categorised [e-money and payment institutions] as having a low potential for negative impact on consumers and markets. They, like most of the firms within the FCA’s remit, are supervised as a sector, or sub-sector (what the FCA terms a ‘portfolio’),”

From “What the FCA really wants from e-money and payments institutions » PaymentEye”.

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Amsterdam and seven other popular cities are asking the United Nations for help in dealing with the problems of overcrowded city centers and overheating housing markets. The cities hope the UN will put pressure on national governments to intervene

From Amsterdam asks UN’s help on housing market problems | NL Times.

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Without clear regulations, cryptocurrency innovation in the United States is being stifled.

From How Regulation Could Help Cryptocurrencies Grow.

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Our research has found that security instructions described in terms and conditions of banks are inconsistent, confusing and far exceed what customers do in practice and what they can achieve with realistic effort. Therefore failing to take appropriate care should not be defined in terms of non-compliance to such documents. Banks should present evidence that their authentication systems will lead customers to act in a way that would allow them to readily prevent fraudulent transactions.

From Will new UK rules reduce the harm of push-payment fraud? – Bentham’s Gaze.

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The social-media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking-account balances, as part of an effort to offer new services to users.

From Facebook to Banks: Give Us Your Data, We’ll Give You Our Users – WSJ.

The story goes on to say that banks “face pressure to build relationships with big online platforms, which reach billions of users and drive a growing share of commerce”.

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Quietly, some shops and restaurants in Dallas are following suit. Managers and business owners say that most customers, plastic already in hand, don’t even notice the policy. The few that do attempt to pay with cash usually listen demurely to the reasons that cashless is the new king before pulling out their cards.

From Why Some Dallas Shops and Restaurants Are Going Cashless – D Magazine.

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“Lawmakers should authorise the creation of a ‘fintech’ charter allowing new entrants to do some things that only banks can do now. We need to break the banks’ monopoly. The Office of Comptroller of Currency has been considering such a charter, but its legal basis is shaky, and lobbying has stalled the effort.”

From “Fintech in the US is stymied by old-fashioned regulators | Financial Times”.

 

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“An OCC fintech charter is a regulatory train wreck in the making,” declared the Conference of State Bank Supervisors.

From Controversial New Bank Charter Sparks Fears of a ‘Fintech Apocalypse’.

 

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n our paper, we exploit the differential impact of the SEC reform on the different segments of the MMF industry as a quasi-natural experiment to estimate the premium investors are willing to pay for money-likeness. In particular, we look at the difference between the net yield offered by prime MMFs and that offered by government MMFs (the net-yield spread) and test whether such difference increased around the implementation of the reform (that is, we employ a difference-in-differences approach). Holding everything else constant, if investors value the money-likeness of their MMF shares, we expect the net-yield spread between prime and government MMFs to widen, and to do so to a greater extent for institutional funds.

This is indeed what happened!

From The Premium for Money-Like Assets   Liberty Street Economics.

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If regulated payment providers use this data wisely, bank-to-bank bank payments will get smarter, more secure and more reliable. For example, an AISP may ensure that a payment is only triggered when money is in a customer’s bank account,

From Bank-to-bank payments will steal market share from cards in a Cashless Society » PaymentEye.

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