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
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.
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.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards