Pillar 2B and Point of sale: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''Banking - regulation.''
(POS).  


(P2B).
The use of payment cards at a retail location (point of sale).  


Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.
The relevant payment information is captured either by paper vouchers or by electronic terminals.


Pillar 2B addresses risks to which an individual firm may become exposed over a forward-looking planning horizon, for example due to external stresses.
Increasingly, electronic terminals can also transmit the information - this process is called, Electronic funds transfer at the point of sale (EFTPOS).




== See also ==
== See also ==
* [[Pillar 1]]
* [[Electronic funds transfer at point of sale]]
* [[Pillar 2]]
* [[Pillar 2A]]
* [[Pillar 3]]
* [[PRA buffer]]
* [[Stress]]
* [[Supervisory Review and Evaluation Process]]  (SREP)
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 13:27, 21 August 2013

(POS).

The use of payment cards at a retail location (point of sale).

The relevant payment information is captured either by paper vouchers or by electronic terminals.

Increasingly, electronic terminals can also transmit the information - this process is called, Electronic funds transfer at the point of sale (EFTPOS).


See also