Financial Regulation International

Kerry Broomfield and Dr. Nicholas Ryder , Department of Law , Faculty of Business and Law , University of the West of England , Bristol .

Financial Markets Law International, Netherley House Tel: +44 1727 845897, 18 Watford Road Fax: +44 1727 855838, St. Albans Mob: +44 7798 838125, Herts AL1 2AJ Email: rp@fmli.co.uk, United Kingdom Web: www.fmli.co.uk, ©FMLI December 2012

The Russian Electronic Money Association represents the largest electronic money companies in Russia. Its main aims include the provision of expert assistance with the elaboration of legislative regulation and increasing public awareness of electronic money. The Association monitors financial and legal issues facing the payment industry and provides research data to the regulators and market players.

Hamud M. Balfas is a lawyer with Ali Budiardjo Nugroho Reksodiputro (ABNR) in Jakarta, Indonesia. He may be contacted at: hbalfas@abnrlaw.com. Hamud writes articles on various aspects of law (www.abnrlaw.com). He is also an author of a book on Indonesian Capital Market (Hukum Pasar Modal Indonesia), now in its second edition.