Pillar 3 and Point of sale: Difference between pages

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''Banking - regulation.''
(POS). The use of payment cards at a retail location (point of sale).  


Pillar 3 is the element of banking supervision which engages with 'market discipline'.
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).
 
Banks are required to make enhanced disclosures of how they calculate their regulatory capital ratios, and to provide reconciliations to their reported accounting information.
 
The idea is that those following better practice will enjoy lower-cost funding from the market, thereby encouraging best practice over time.


== See also ==
* [[Electronic funds transfer at point of sale]]


== See also ==
* [[Bank supervision]]
* [[Basel III]]
* [[Capital adequacy]]
* [[EDTF]]
* [[Pillar 1]]
* [[Pillar 2]]

Revision as of 14:20, 23 October 2012

(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


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