December 12, 2023 Case scenarios about geographic scope The following fictional case scenarios provide examples of how to apply the geographic scope criteria under the Retail Payment Activities Act when a foreign payment service provider is involved. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
December 12, 2023 Case scenarios about designated payment systems The following fictional case scenarios provide examples to help differentiate payment functions performed using a designated system under section 7 of the Retail Payment Activities Act (and exempted as a result) from other non-exempted payment functions related to the same transaction. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
December 12, 2023 Case scenarios about agents and mandataries The following fictional case scenarios illustrate the obligations of registered payment service providers (PSPs) to declare their agents and mandataries. They also describe the situations when agents of exempted PSPs must register with the Bank of Canada. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
December 12, 2023 Case scenarios about affiliated entities The following fictional case scenarios illustrate what may be considered an affiliated entity, as defined in the Retail Payment Activities Act. Content Type(s): Retail payments supervision materials, Case scenarios Topic(s): Registration
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. Content Type(s): Retail payments supervision materials, Supervisory policies Topic(s): Registration
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
December 7, 2023 Speech by Toni Gravelle, Deputy Governor of the Bank of Canada On Thursday, December 7, 2023, Toni Gravelle, Deputy Governor of the Bank of Canada, will speak before the Windsor-Essex Regional Chamber of Commerce. Content Type(s): Press, Media advisories