Research Paper Number
The Payment Industry after the Task Force Report: Can Canada Learn from the Experience of Others?
Law; Money; Payment; Value; Banking
In discussing the final report of the Task Force for the Payment System Review, Bradley Crawford observes that "[t]he most significant achievement of the Report is the breadth of its vision." I agree and endorse the tenor of his analysis. These comments look to the implementation of the Report in relation to access. On that point, the Task Force recommended the adoption of federal legislation to "[d]efine a discrete payments industry and require payment service providers to become members." Using as my baseline the Canadian present access regime and the changes envisaged by the Task Force, I will discuss the provisions on the subject in selected developed nations, i.e., the European Union (EU), Australia and the United States. I will address access regimes for both payment service providers and for payment and clearing systems.
Geva, Benjamin, "The Payment Industry after the Task Force Report: Can Canada Learn from the Experience of Others?" (2014). Osgoode Legal Studies Research Paper Series. 46.