1. Explain in detail various legal and regulatory framework with respect to payment and security settlement around the world, both in developing economies and high-income economies. Explain various features of large-value payment systems around globe. Explain various retail payment instruments and systems used around the world.

Answer rating: 100% (QA)

Legal and regulatory frameworks surrounding payment and security settlements vary across different economies influenced by factors such as economic development financial market sophistication and regu... View the full answer