Some issues related to the Japanese financial system raised by the amendment of Payment Act in 2020

Katsutoshi Takehana () and Hisashi Tanizaki
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Katsutoshi Takehana: Graduate School of Economics, Osaka University

No 21-18, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: In this paper, we tried to evaluate the changes about the Funds Transfer Service that have been changed by the amendment of Payment Acts in 2020 and extract issues suggested by this change. In particular, the newly introduced gregulation on the retention of user fs money h can be evaluated as being consistent with the actual situation of funds transfer service providers and existing legal systems such as Investment Law. On the other hand, it can be also evaluated that this changes raised substantial issue related to the legal aspect of financial system how sustainable the current boundary between banks and fund transfer service provider is.

Keywords: Payment Act; Funds transfer service provider; Bank; regulation on the retention of user fs money (search for similar items in EconPapers)
JEL-codes: E42 (search for similar items in EconPapers)
Pages: 14pages
Date: 2021-11
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:2118

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