BIS Enhances Red Book Statistics on Cashless Payments and FMIs
BIS is updating and enhancing its statistics on cashless payments and financial market infrastructures (FMIs) in the 24 jurisdictions that are members of the CPMI. These data are part of the Red Book statistics. CPMI published a revised methodology of the Red Book statistics and an outline of the new structure of the statistical tables, which illustrates the relationship between indicators by means of numerical examples.
The new statistics reflect the substantial changes that the payment landscape has undergone over the past decade. The statistics will in future include more information on the role of non-banks, on online and contactless payments and on fast payments. The new methodology clarifies how to count debit and credit cards. It also clarifies which retail cashless payments count as domestic and which count as cross-border. The 2017 Red Book (reporting end-2016 data, to be published in September and December 2017) will still use the old methodology. The new Red Book statistics will be published in a new user-friendly internet-based format.
Related Links
Methodology of Red Book Statistics
Outline of New Structure (PDF)
Keywords: International, Securities, PFMI, Statistics, FMI, CPMI, BIS
Previous Article
CFTC Determines Comparability with EU Margin Requirements for SwapsRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
