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Abstract

This paper analyses the need for enhanced statutory depositor protection in the mobile money/mobile banking sectors, upon banking and corporate insolvency in Sub-Saharan African (SSA) developing economies. The universal banking model, and the concepts of deposit insurance schemes, or deposit guarantee (as is commonly known in the UK/EU) are analysed, their advantages in streamlining depositor protection, and the would be impact in Sub-Saharan African developing economies’ mobile banking sectors are explored. The concepts of ring-fencing and structural separation as conceptual tools that could enhance depositor protection on banking and corporate insolvency in SSA developing economies are examined.

Publication Type:	Article
Additional Information:	This is a pre-copyedited, author-produced version of an article accepted for publication in Journal of International Banking Law and Regulation following peer review. The definitive published version Nsubuga, H. J. (2023). Enhancing Depositor Protection in the Mobile Money Banking Sector in Sub-Saharan African Developing Economies—A Case for Ring-fencing?. Journal of International Banking Law and Regulation, 38(1), pp. 1-9 is available online on Westlaw UK.
Publisher Keywords:	Africa; Banking regulation; Deposit guarantee schemes; Developing countries; Electronic banking; Electronic money; Investor protection; Mobile payments; Ring-fencing
Subjects:	H Social Sciences > HG Finance K Law > K Law (General)
Departments:	The City Law School > Academic Programmes

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