On-the-run Premia, Settlement Fails, and Central Bank Access Staff Working Paper 2025-19 Fabienne Schneider The premium on “on-the-run” Treasuries is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. I use the model to analyze the effects of granting access to central bank facilities. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Financial markets, Market structure and pricing, Monetary policy JEL Code(s): G, G1, G12, G19, G2, G23
August 11, 2025 Market Participants Survey—Second Quarter of 2025 The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. Content Type(s): Publications, Market Participants Survey
August 11, 2025 Release: Market Participants Survey 10:30 (ET) The Market Participants Survey is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy. Content Type(s): Upcoming events
August 8, 2025 Update on Payment Service Providers Registry On September 8, 2025, the Bank of Canada will begin to publish a list of Payment Service Providers (PSPs) that have been registered under the Retail Payment Activities Act, as well as the names of entities whose applications have been refused. Content Type(s): Press, Announcements Research Topic(s): Retail payments supervision
August 8, 2025 Supervisory framework: Supervision Know your requirements as an applicant or as a registered payment service provider and find out how we will assess compliance.
August 8, 2025 Supervisory framework: Registration Learn about the registration requirements under the Retail Payment Activities Act and what will be expected of payment service providers.
August 8, 2025 About retail payments supervision mandate Know what we will and won’t do under our supervisory mandate.
August 8, 2025 Retail payments supervision: Key milestones Get an overview of what to expect as we prepare for the implementation of the Retail Payment Activities Act.