December 12, 2023 Case scenarios about merchants and the incidental payment function The following fictional case scenarios provide examples of providing or maintaining an account payment function and explain the incidental concept under the Retail Payment Activities Act.
December 12, 2023 Frequently asked questions about retail payments supervision Answers to common questions about retail payments supervision.
December 12, 2023 Case scenarios about payment accounting software and invoice payment services The following fictional case scenarios provide details about the payment functions: provision or maintenance of an account on behalf of an end user; the initiation of an electronic funds transfer at the request of an end user; the provision of clearing and settlement services; and the notion of incidental in the Retail Payment Activities Act.
December 12, 2023 Case scenarios about point-of-sale terminals The following fictional case scenarios provide details about the payment functions: initiation of an electronic funds transfer at the request of an end user; the authorization of an electronic funds transfer; and the transmission, reception or facilitation of an instruction in relation to an electronic funds transfer.
December 12, 2023 Registration application fee This supervisory policy explains the one-time fee applicants must pay when submitting an application to register as a payment service provider with the Bank.
December 12, 2023 Criteria for registering payment service providers This supervisory policy helps individuals and entities determine if they are subject to the Retail Payment Activities Act and if they should register with the Bank.
December 12, 2023 Glossary of terms about retail payments supervision Read the definitions of terms about retail payments supervision used in Bank of Canada supervisory policies and guidelines.
December 11, 2023 CARR Meeting (December 11, 2023) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs Staff Discussion Paper 2023-30 Patrick Aldridge, David Cimon, Rishi Vala Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions. Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Financial institutions, Financial markets, Financial stability, Lender of last resort JEL Code(s): E, E5, E58, G, G1, G10, G2, G20
Making It Real: Bringing Research Models into Central Bank Projections Staff Discussion Paper 2023-29 Marc-André Gosselin, Sharon Kozicki Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment. Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Monetary policy JEL Code(s): C, C3, C32, C5, C51, E, E3, E37, E4, E47, E5, E52