Subsidiary and Regulated Liability Network: Difference between pages

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1.
''Central bank digital currencies (CBDC) - financial market infrastructures (FMI)''


''Accounting''.
(RLN).


Abbreviation for subsidiary undertaking.  
A regulated liability network is a proposal under discussion for a new global settlement infrastructure.


A parent undertaking has a subsidiary undertaking - for accounting purposes - if it has control over the other entity.
Proposals include the concept of a shared ledger with central bank money, commercial bank money and electronic money on the same network.


The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company).


:<span style="color:#4B0082">'''''RLN benefits'''''</span>


2.
:"The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within “partitions” on a single network.  


Of lesser importance.
:The RLN would be a regulated financial marketplace infrastructure in the UK with contributors from financial institutions worldwide.  
 
 
:The RLN discovery phase examined three potential use cases for the network — consumer domestic payment, wholesale cross-border payment and securities settlement — and settled on the first case to pursue a proof-of-concept (PoC)...
 
 
:The report found that the RLN provided several benefits for domestic payments.
 
:It helped provide consistency between CBDCs and commercial bank money, thus helping preserve the singularity of the currency.
 
:It could also help reduce authorised push payment fraud and give consumers more control in case of undelivered goods.
 
:Additionally, it would improve settlement time."
 
:''Association of Corporate Treasurers blog - September 2023.''




== See also ==
== See also ==
* [[Acquisition accounting]]
*[[APP fraud]]
* [[Group]]
*[[BACS]]
* [[Group accounts]]
*[[Bank of England]]
* [[Holding company]]
*[[Central bank digital currency]] (CBDC)
* [[Parent company]]
*[[CHAPS]]
* [[Strategic business unit]]
*[[Clearing House Automated Payment System]]
* [[Subsidiary undertaking]]
*[[Commercial bank money]]
* [[Subsidiarity]]
*[[Committee on Payments and Market Infrastructures]]  (CPMI)
*[[Continuous linked settlement]]  (CLS)
*[[Electronic money]]
*[[Faster Payments Service]] (FPS)
*[[Financial Market Infrastructure]]  (FMI)
*[[Financial markets]]
*[[Infrastructure]]
*[[LVPS]]
*[[Markets in Financial Instruments Regulation]]
* [[Network]]
* [[Network effects]]
* [[Network science]]
*[[Payment infrastructure]]
*[[Principles for Financial Market Infrastructures]]  (PFMI)
*[[Proof of concept]]
*[[Regulation]]
*[[Settlement]]
*[[Systemic risk]]
*[[Systemically Important Payment System]]  (SIPS)
 
 
==Other resources==
*[https://www.treasurers.org/hub/blog/cbdcs_digital_currencies/september_2023 ACT blog - Central Bank Digital Currencies (CBDCs) and other digital currencies – September 2023]
 
*[https://regulatedliabilitynetwork.org/ About the RLN and its contributors]
 
[[Category:Financial_products_and_markets]]
[[Category:Treasury_operations_infrastructure]]

Latest revision as of 01:45, 13 October 2023

Central bank digital currencies (CBDC) - financial market infrastructures (FMI)

(RLN).

A regulated liability network is a proposal under discussion for a new global settlement infrastructure.

Proposals include the concept of a shared ledger with central bank money, commercial bank money and electronic money on the same network.


RLN benefits
"The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within “partitions” on a single network.
The RLN would be a regulated financial marketplace infrastructure in the UK with contributors from financial institutions worldwide.


The RLN discovery phase examined three potential use cases for the network — consumer domestic payment, wholesale cross-border payment and securities settlement — and settled on the first case to pursue a proof-of-concept (PoC)...


The report found that the RLN provided several benefits for domestic payments.
It helped provide consistency between CBDCs and commercial bank money, thus helping preserve the singularity of the currency.
It could also help reduce authorised push payment fraud and give consumers more control in case of undelivered goods.
Additionally, it would improve settlement time."
Association of Corporate Treasurers blog - September 2023.


See also


Other resources

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