EU regulators have yet to consider their approach to currencies such as Bitcoin
This paper addresses the question of how free riding in large-value payment systems should be properly measured. Based on the valuable proposal by Denbee, Garratt and Zimmermann, various measures of free...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Payments articles
Welcome to the spring 2013 issue of The Journal of Financial Market Infrastructures. It is roughly a year since the Principles for Financial Market Infrastructures were published. Recently, in December 2012, an accompanying document called "Principles...
The issue of payment card fraud has received a great deal of attention from the authorities. A large amount of card fraud can be attributed to the phenomenon of counterfeit debit cards. Debit cards are a widely used payment instrument in "face-to-face"...
This paper analyzes daily patterns in the settlement of payments in the European TARGET2 settlement system using a unique transaction-level data set. For the first time, we provide insights into the intraday patterns of bank-to-bank payments (a subset...
This paper looks at payments where, due to a lack of trust between buyer and seller, it is beneficial to involve a guarantor for payments. We argue that this guarantor should obtain consent from both the buyer and the bank of the buyer (a dual consent...
In this letter, in the second issue of The Journal of Financial Market Infrastructures, I would like to focus on the so-called interdependencies between financial market infrastructures (FMIs). Such interdependencies can be viewed as links between FMIs....
A little over five months ago, on April 16, 2012, new and improved regulatory standards were published: the twenty-four Principles for Financial Market Infrastructures of the Committee on Payment and Settlement Systems (CPSS) and the International Organization...
New guidelines outline minimum standards for industry
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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