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… of the Canadian economy and inclusive payments and payment systems play a pivotal role. Elizabeth Mulholland, Chief … Payments are a critical part of the financial ecosystem, particularly digital payments, which open up … other vulnerable groups are fully included in the payment system and that effective rules and regulatory frameworks …
… our number one priority: the safety and soundness of our systems and our people. We supported our people through … pandemic, and delivered Lynx, Canada’s high-value payment system, which replaced the LVTS. In 2021, Payments Canada’s systems cleared and settled over $135 trillion — more than …
… responsibility for overseeing clearing and settlement systems for the purpose of controlling systemic risk and payment system risk. Lynx has been … in enhanced oversight by the Bank of Canada. The Lynx Disclosure and the ACSS Disclosure offer Payments Canada …
… joint letter calling for broader access to Canada’s payment systems. Payments Canada has engaged a diverse coalition of … the introduction of new participants in Canada's payment system, and provide greater choice for Canadians and … enable modernized, risk-based access to Payments Canada’s systems. Canada is at an inflection point in the evolution …
… Canadians with secure, efficient, and resilient payment systems, and laying the foundation for continued innovation. … Payments Canada has made in modernizing the payment ecosystem in Canada and positioning the organization for the … Canada has worked collaboratively with the payment ecosystem to innovate payment systems and rules to benefit …
… Project Jasper, an experimental wholesale interbank payment system, using digital ledger technology (DLT) – the backbone … progress made, underpinning an entire wholesale payments system with DLT still faces many hurdles. While the project … “The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits …
… financial institution legislation and the management of systemic risk in Canada’s capital markets. The budget … Act. They will reaffirm the Government’s intent to have a system of exclusive rules to ensure an efficient national banking system from coast to coast to coast. The Government will …
… AUTHOR Alyson Larocque Manager of High-Value Payment Systems Operations Alyson plays a key role in supporting the day-to-day operations of Canada’s high-value payment system, Lynx. The safety and soundness of Lynx is her top … to a stronger foundation for the Canadian payment ecosystem. The Canadian economy depends on the exchange of …
… that drive the emergence of tiered relationships in payment systems and other financial market infrastructures. More … and resolution of tiered structures in a modernized payment system; specifically those considerations not adequately … for Financial Market Infrastructures (PFMI). Not having a systematic approach to understanding tiering arrangements …