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Regulation by Settlement
Turk, Matthew C. - 2017
This article explores a recent development at the intersection of administrative law and financial regulation: the … rise to a distinct new form of policymaking, “regulation by settlement,” which has significant implications for both areas … of the law.Regulation by settlement has two defining features. First, by pursuing settlements that target certain areas …
Persistent link: https://www.econbiz.de/10012958531
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Clearing and settlement systems from around the world : a qualitative analysis
Tompkins, Michael - 2016
the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions …
Persistent link: https://www.econbiz.de/10011489993
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Using speed and credit limits to address the procyclicality of initial margin at central counterparties
Chande, Nikil; Labelle, Nicholas - 2016
margin relief without generating losses that cannot be absorbed by clearing members. …
Persistent link: https://www.econbiz.de/10011538621
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Risk management and public policy in payment, clearing and settlement systems
Dale, Richard - In: International finance 1 (1998) 2, pp. 229-259
Persistent link: https://www.econbiz.de/10001622725
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Stablecoin assessment framework
García, Alejandro; Lands, Bena; Yanchus, Dennis - 2021
We outline a three-step framework to investigate stablecoin arrangements and quantitatively assess their risk. The first step is to classify the stablecoin arrangement into three parts-coin structure, transfer system(s) and financial service(s) - and categorize the attributes of each part. The...
Persistent link: https://www.econbiz.de/10012511072
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Safe payments
Chiu, Jonathan; Davoodalhosseini, Seyed Mohammadreza; … - 2020 - Last updated: December 10, 2020
We use a simple model to study whether private payment systems based on bank deposits can provide the optimal level of safety. In the model, bank deposits backed by projects are subject to default risk that can be mitigated by a depositor's ex ante and ex post monitoring. Safe payment...
Persistent link: https://www.econbiz.de/10012388751
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An economic perspective on payments migration
Kosse, Anneke; Lu, Zhentong; Xerri, Gabriel - 2020 - Last updated: June 5, 2020
Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing …
Persistent link: https://www.econbiz.de/10012243367
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From LVTS to Lynx : quantitative assessment of payment system transition
Desai, Ajit; Lu, Zhentong; Rodrigo, Hiru; Sharples, Jacob; … - 2023 - Last updated: April 14, 2023
Modernizing Canada's wholesale payments system to Lynx from the Large Value Transfer System (LVTS) brings two key changes: (1) the settlement model shifts from a hybrid system that combined components of both real-time gross settlement (RTGS) and deferred net settlement (DNS) to an RTGS system;...
Persistent link: https://www.econbiz.de/10014253799
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Estimating the appropriate quantity of settlement balances in a floor system
Bulusu, Narayan; McNeely, Matthew; McRae, Kaetlynd; … - 2023
In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy by providing a sufficiently large quantity of settlement balances to enable the overnight repo rate to trade at close to the deposit rate. In contrast, the Bank's guiding...
Persistent link: https://www.econbiz.de/10014392970
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Fintech and payments regulation : analytical framework
Tanai Khiaonarong; Goh, Terry - 2020
, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to … augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on …
Persistent link: https://www.econbiz.de/10012251408