account switching – APCA Blog http://blog.apca.com.au APCA Views & News Wed, 06 Dec 2017 02:00:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.2 UK payments system self-regulation under scrutiny http://blog.apca.com.au/uk-payments-system-self-regulation-scrutiny/ Fri, 19 Apr 2013 00:30:58 +0000 http://apcablog.totemcomms.com.au.s150964.gridserver.com/?p=2978 Last month, the UK government published a consultation paper on “Opening up UK payments”. According to the paper, “the self-regulation of financial services…has been discredited.” Say what? The world over, payments systems have been almost entirely self-regulated, so this is a big call. The evidence cited in the paper for this includes the LIBOR-rate fixing scandal and the failed attempt to eliminate UK cheque clearing. And of course, there is enduring rancor over the public bailout of UK banks during the global financial crisis.

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]]> The year ahead http://blog.apca.com.au/year-ahead/ Sun, 15 Jan 2012 02:53:58 +0000 http://apcablog.totemcomms.com.au.s150964.gridserver.com/?p=3005 Many of us are returning from the holiday break newly resolved on self-improvement – give up this, lose that, do better at the other thing. APCA too is resolved on self-improvement. Back in August 2011, we gave a public commitment to reform APCA’s own governance arrangements so as to make it a fit vehicle for more inclusive, stronger self-governance of the payments system. This is currently a hot topic for the Reserve Bank, and has been one for APCA for quite some time as well.

So, next month, in February, we hope to be talking about a new model for how APCA works. This has to fit in with the views and needs of many different people and organisations, not least the public policymakers, so we know it probably won’t be a short conversation. But we hope it will be a successful one.

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