August 22, 2024 Quarterly Financial Report - Second Quarter 2024 Quarterly Financial Report - Second Quarter 2024 - For the period ended June 30, 2024, unaudited Content Type(s): Publications, Quarterly Financial Report
August 21, 2024 Case scenarios about securities exclusion The following fictional case scenarios illustrate the application of the securities exclusion in paragraph 6(b) of the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
August 21, 2024 Case scenarios about remittance service providers The following fictional case scenarios provide examples to help providers identify whether they perform the holding funds payment function, especially in the context of cross-border remittances. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
August 21, 2024 Case scenarios about payroll services The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Holding funds, Registration
August 21, 2024 Case scenarios about e-commerce web building tools and payment gateways The following fictional case scenarios provide examples of payment functions, namely the initiation of an electronic funds transfer (EFT) at the request of an end user, and the authorization of an EFT or the transmission, reception or facilitation of an instruction in relation to the EFT. They also provide examples of incidental activities under the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
August 21, 2024 Acquisitions of control and prescribed changes This supervisory policy explains how a registered payment service provider (PSP) should assess whether it will be the subject of a planned acquisition of control or a prescribed change. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Registration
Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge Staff Working Paper 2024-31 Alberto Cavallo, Oleksiy Kryvtsov We study how price variation within a store changes with inflation, and whether households exploit these changes to reduce the burden of inflation. We find that price changes from discounts mitigated the inflation burden while cheapflation exacerbated it. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Inflation: costs and benefits, Market structure and pricing JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81
Decision Synthesis in Monetary Policy Staff Working Paper 2024-30 Tony Chernis, Gary Koop, Emily Tallman, Mike West We use Bayesian predictive decision synthesis to formalize monetary policy decision-making. We develop a case-study of monetary policy decision-making of an inflation-targeting central bank using multiple models in a manner that considers decision goals, expectations and outcomes. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Economic models, Monetary policy JEL Code(s): C, C1, C11, C3, C32, C5, C53