Riksbank’s Skingsley says payments innovation needs balance
Central banks should use both “hands on” and “hands off” approaches, deputy says
Central banks need to strike a balance as they seek to promote innovation in the payments market, Sveriges Riksbank deputy governor Cecilia Skingsley said today (January 17).
Sweden's remarkably low rate of cash use is due to a mix of "hands on" and "hands off" approaches, she told delegates at the World Economic Forum in Davos. The Riksbank had partly encouraged a decline of cash use by not acting, Skingsley explained. It closed many of its cash centres, forcing the market to take on the costs
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- Schnabel: ECB could replace central forecast scenario