1st Edition

Legal Foundations of Payment and Settlement Systems

By Anat Keller Copyright 2026
326 Pages 2 B/W Illustrations
by Routledge

326 Pages 2 B/W Illustrations
by Routledge

This book examines the evolving landscape of payment and settlement systems amid rapid technological advancements and new market entrants, emphasising the critical role of robust legal frameworks in fostering stability, efficiency, and financial inclusion. The concept of secure, efficient, and accessible payment and settlement systems supported by robust legal frameworks and processes as the... Read more

Introduction And Structure of the Book

 

1. The Payment Ecosystem: Past, Present and Future

2. Risks In Payment and Settlement Systems and the Rationale for their Regulation

3. Oversight Of Systemically Important Payment Systems – Operation, Governance and Risk Management

4. Regulating Payment and Third-Party Service Providers

5. Regulating Payment Systems and Service Providers in the UK and EU

6. Cross-Border and Cross-Currency Payments 

7. The Role of Central Banks in Payment and Settlement Systems: An Organisational Trust Theory Approach

Biography

Anat Keller is a Reader in Law and Associate Dean (Digital Education) at the Dickson Poon School of Law, King’s College London. She joined in 2016 after teaching at the Faculty of Laws, University College London (2007–2016). She holds a PhD from Queen Mary University of London and an LLM from the London School of Economics. Dr Keller is a qualified solicitor of England and Wales and serves as a Chief Examiner for the University of London. Her research focuses on financial law and the regulation of financial technologies, with an emphasis on macroprudential regulation, the subject of her latest monograph (2020).