Legal Foundations of Payment and Settlement Systems
Location:
Moot Court Room,
Old College
Date/time
Tue 3 March 2026
17:00-19:00
This event was organised by Edinburgh Centre for Commercial Law
About this event
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 foundation of a stable financial system, is not new. However, rapid technological developments and the entrance of new players have transformed, perhaps even disrupted, the payment ecosystem. This book explores the design, oversight, and enforcement of regulatory environments, offering a critical analysis of current policy and legislative initiatives to address risks and enhance system resilience. Integrating insights from regulatory theory, corporate governance, economics, and central banking, the book navigates tensions between public and private oversight, innovation, and legal clarity, particularly in costly cross-border payments. It debates whether regulators should merely mitigate risks or actively reshape financial infrastructures to harness the transformative potential of payment systems for global economic and societal benefit.
About the speaker
Dr Anat Keller is a Reader in Law and Associate Dean of Digital Education. She joined The Dickson Poon School of Law in April 2016 and has previously taught at UCL (2007-2016). Dr Keller holds a PhD from the Centre for Commercial Law Studies at Queen Mary University of London, an LLM from the London School of Economics and first-class degrees in Management and Law (magna cum laude).
Dr Keller is a qualified solicitor of England and Wales and serves as a Chief Examiner of the University of London. Her monograph ‘Legal Foundations of Macroprudential Policy: An Interdisciplinary Approach’ was published in 2020 (Cambridge: Intersentia) and her second monograph, 'Legal Foundations of Payment and Settlement Systems', is due to be published in February 2026 (Routledge Research in Finance and Banking Law series). Dr Keller is also a Research Fellow at the Centre for Data Analytics for Finance and Macroeconomics at King's Business School and a Fellow of the Higher Education Academy.
Image credit: Freepik