Loss absorbing capacity and Sterling Fnality Payment System: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Mend link.)
 
Line 1: Line 1:
''Bank supervision''
''Distributed ledger - payment systems - Fnality - UK.''


(LAC).
The Sterling Fnality Payment System uses Distributed Ledger Technology to transfer funds.


In the field of bank [[resolution]] and [[recovery]], loss absorbing capacity is the ability of a bank to suffer losses without falling below regulatory minima of capital and requiring re-capitalisation or [[resolution]].
It is primarily focussed on wholesale and high value payments, backed by central bank money.


LAC may take the form of equity, subordinated debt, senior unsecured debt, and other unsecured uninsured liabilities.
''Source: UK Payments Systems Regulator.''
 
 
:<span style="color:#4B0082">'''''Fnality and other payment systems could promote competition'''''</span>
 
:"[In 2023/24 we will] develop our approach to regulating the Sterling Fnality Payment System...
 
:The emergence of designated payment systems such as Sterling Fnality could present alternatives to the existing payment systems.
 
:This may promote competition within the market."
 
:''UK Payments Systems Regulator - Annual Plan 2023/24 - p44.''




== See also ==
== See also ==
*[[Bank supervision]]
*[[Central bank money]]
*[[Total Loss Absorbing Capacity]]  
*[[Competition]]
*[[PLAC]] primary loss absorbing capacity
*[[Distributed ledger]]
*[[SLAC]] secondary loss absorbing capacity
*[[Fnality International]]
*[[GCLAC]] or GLAC gone-concern loss absorbing capacity
* [[Interbank Funds Transfer System]]
*[[MREL]] minimum requirement for own funds and eligible liabilities
* [[Payment infrastructure]]
*[[MCT]]
* [[Payment service provider]]
* [[Payment system]]
* [[Payment Systems Regulator]]  (PSR)
* [[Sterling]]
* [[Wholesale]]
 
 
==Other resource==
*[https://www.fnality.org/home Fnality - about us]]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 08:45, 23 April 2023

Distributed ledger - payment systems - Fnality - UK.

The Sterling Fnality Payment System uses Distributed Ledger Technology to transfer funds.

It is primarily focussed on wholesale and high value payments, backed by central bank money.

Source: UK Payments Systems Regulator.


Fnality and other payment systems could promote competition
"[In 2023/24 we will] develop our approach to regulating the Sterling Fnality Payment System...
The emergence of designated payment systems such as Sterling Fnality could present alternatives to the existing payment systems.
This may promote competition within the market."
UK Payments Systems Regulator - Annual Plan 2023/24 - p44.


See also


Other resource

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Loss_absorbing_capacity&oldid=45392’