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QA2019-75 - List of FMIs

QA2019-75 - List of FMIs

Owned by SRB Services
Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
Guidance Documents FMIs
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QA2019-75

Question


Related to the previous question, should VISA and MASTERCARD be considered FMIs to the extent of the FMI report? It is not clear whether this card payment schemes are considered as FMIs or not


Response


Card schemes are not FMIs defined by CPMI-IOSCO. However, if the legal entity owns the credit risk for the cards issued, handles customer relationships and is responsible for transaction authorization, billing and pricing, please report about Visa and Mastercard under “Other” System Type in column 070.