Blockchain and G-SII ALRB: Difference between pages

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imported>Baseby2@msn.com
(Simplify blockchain definition and remove confusion that blockchain and bitcoin must be used together.)
 
imported>Doug Williamson
(Amend link.)
 
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1.
''Bank supervision - leverage - UK''.


A distributed, secure database of transactions, also known as 'distributed ledger technology'.
The additional leverage ratio buffer required by the UK Prudential Regulation Authority (PRA) for global systemically important institutions (G-SIIs).
 
 
2.
 
A database using distributed ledger technology (blockchain) which can be used for cryptocurrency transactions.
 
 
 
<span style="color:#4B0082">'''''Blockchain defined'''''</span>
 
:"At its heart, blockchain is a relatively straightforward concept. It is a ledger of blocks of information, such as transactions or agreements, that are stored across a network of computers.
This information is stored chronologically, can be viewed by a community of users, and is not usually managed by a central authority such as a bank or a government. Once published, the information in a certain block can't be changed.
If people try to tamper with that information, it becomes obvious."
 
:Complements of the BBC: https://www.bbc.com/news/business-45919700
 
 
 
:Cryptocurrencies such as Bitcoin may require blockchain technology but the use of blockchain does not require the involvement of Bitcoin.




This requirement is additional to the leverage ratio.




== See also ==
== See also ==
 
* [[Basel III]]
* [[Bitcoin]]
* [[Countercyclical buffer]]
* [[Cryptocurrency]]
* [[Countercyclical leverage ratio buffer]]
* [[Daisy chain]]
* [[G-SII]]
* [[Distributed ledger]]
* [[Leverage Ratio]]
* [[Fintech]]
* [[Prudential Regulation Authority]]
* [[Ripple payment protocol]]
* [[SWIFT gpi]]
 
 
===Other links===
[http://www.treasurers.org/node/10047 Peer Pressure, The Treasurer, April 2014]
 
[[Category:Technical_skills]]
[[Category:Treasury_operations]]

Revision as of 13:13, 11 November 2016

Bank supervision - leverage - UK.

The additional leverage ratio buffer required by the UK Prudential Regulation Authority (PRA) for global systemically important institutions (G-SIIs).


This requirement is additional to the leverage ratio.


See also