$250
A 6-week, 3-module online course. This is a paced course, which is offered twice a year. It is one of three specialized streams leading to IIPS Certification.
Start Date
29 August 2024
Duration
6 weeks
Delivery
Online, in our digital classroom
This course aims to equip regulatory specialists on IIP system design teams with the knowledge to answer these questions:
- How does current policy and/or law & regulation affect the design choices for IIP systems?
- To achieve inclusive and interoperable outcomes, what needs to change in policy or regulation and why?
- What options are there for change? (including framing new rules or regulations)
- How do we motivate a recommended option?
Course Schedule
Week 1: An Enabling Policy and Regulatory Architecture for IIPS
IIPS in context of NPS development
Forces driving the modernization of retail payment systems
How to manage policy tradeoffs
The differing roles of regulators in payment systems
The regulatory enablers for digital financial inclusion
An overview of the national regulatory architecture for DFS
Stakeholder landscape
A regulatory enablement strategy
Week 2: International Guidance and Standards for IIPS
International norms & principles for payments and inclusion
Applying the Principles for Financial Market Infrastructure
Guidance on digital financial inclusion
Technical standards
Regulatory impact analysis
Week 3: Governance of Shared Payment Infrastructure
Distinguishing retail and large value systems
Licensing of payment systems
Oversight and compliance
The agreements establishing a payment scheme
Scheme governance structure options
Legal issues for payment Instruments
Technology-related regulations
Week 4: Collaboration and Competition Issues
Regulating Interoperability
Appointing a payment system operator
The allowed scope of collaboration
The big picture on regulator and stakeholder cooperation
Digital token-based payment systems
Week 5: Who can play? Licensing PSPs & Their Agents
What is a payment services provider?
E-money issuers in payment systems
Regulating the use of cash agents
Week 6: Touching the Customers
Risk-based customer due diligence
Consumer protection in payment schemes
Consumer protection in payment schemes
Data privacy issues in IIPS
Enablement check list and ex-post RIA