Regulators’ effectiveness as catalysts, overseers and/or operators of payment systems As regulators, you will agree that the most defining moment is to be effective as a catalyst without compromising on the regulatory concerns. It is like a parent having to know when to be a friend of the child and when to be a parent.
Monitoring and assessment of innovative retail payments by central banks calls for engaging appropriate skill-sets regularly updating with technological developments and having a machinery to gauge the need and efficacy of  1  The Payment Card Industry Data Security Standard (PCI DSS) is a proprietary information security standard for organizations that handle cardholder information for the major debit, credit, prepaid cards etc.