Payment service provider and Pillar 1: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''Payment systems''.
''Banking - regulation.''


(PSP).
(P1).


1.
Pillar 1 is the dimension of banking regulation which establishes minimum capital requirements based on market, credit and operational risks, and a minimum leverage ratio.


Defined broadly, a payment service provider is an organisation that:
Additional capital requirements may be imposed by bank supervisors under Pillar 2.
*provides payment services to others that are not participants in a payment system
*for the purposes of enabling the transfer of funds using the payment system.
 
 
2.
 
In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.
 
 
<span style="color:#4B0082">'''''UK PSPs to remain in SEPA'''''</span>
 
:"Whatever shape Brexit takes, UK payment service providers (PSPs) will continue to take part in the Single Euro Payments Area (SEPA).
 
:SEPA managing authority the European Payments Council (EPC) announced the decision in March, following an application that trade body UK Finance filed with the EPC late last year."
 
:''The Treasurer magazine, Cash Management Edition April 2019, p8.




== See also ==
== See also ==
*[[Aggregator]]
* [[Bank supervision]]
*[[AISP]]
* [[Basel III]]
*[[Authorised payment institution]]
* [[Capital adequacy]]
*[[Brexit]]
* [[Capital Conservation Buffer]]
*[[e-commerce]]
* [[Countercyclical buffer]]
*[[European Association of Payment Service Providers for Merchants]]
* [[Credit risk]]
*[[Faster Payments Service]]
* [[Leverage Ratio]]
*[[Fintech]]
* [[Market risk]]
*[[Information technology]]
* [[Operational risk]]
*[[Merchant]]
* [[Pillar 2]]
*[[P2P]]
* [[Pillar 3]]
*[[Payment system]]
*[[Payment Systems Regulator]]
*[[PISP]]
*[[Single Euro Payments Area]]
*[[TTP]]
 
[[Category:Cash_management]]

Revision as of 13:19, 11 November 2016

Banking - regulation.

(P1).

Pillar 1 is the dimension of banking regulation which establishes minimum capital requirements based on market, credit and operational risks, and a minimum leverage ratio.

Additional capital requirements may be imposed by bank supervisors under Pillar 2.


See also

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