IDEAS home Printed from https://ideas.repec.org/p/zbw/kdifoc/308157.html
   My bibliography  Save this paper

Protecting customer funds for emerging financial products

Author

Listed:
  • Hwang, Sunjoo

Abstract

Emerging financial products driven by innovation, such as virtual assets and simplified payment services, introduce both new conveniences and in-transaction risks to customer funds. Despite regulations on segregating customer funds already in place, full compliance by businesses with these rules is unlikely, especially with insolvency on their horizon. This paper proposes a new protection framework that bolsters the safety of new financial products and reduces funding pressures for the compensation scheme.

Suggested Citation

  • Hwang, Sunjoo, 2024. "Protecting customer funds for emerging financial products," KDI Focus 137, Korea Development Institute (KDI).
    • Handle: RePEc:zbw:kdifoc:308157
    DOI: 10.22740/kdi.focus.e.2024.137
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/308157/1/1913587827.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22740/kdi.focus.e.2024.137?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:kdifoc:308157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/kdiiikr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.