“It’s hard to get 20 countries to agree anything, let alone to get the entire world,” she said. “Is it feasible that global all banks and regulators will agree? The speculation is that we’ll get regional clubs, and that will help to spur competition. But there will also be fragmentation, and banks will have to decide which clubs to join. In some ways, that means we would be back in the same situation as we are with the ACHs.”
Edith teaches regulation and payments for Transaction Banking Academy, including the one-day Introduction to Banking Regulation.