Pillar 2B and Platform: Difference between pages

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''Banking - regulation.''
1.  ''Information technology - hardware - operating systems.''


(P2B).
Defined narrowly, an information technology platform is the hardware and operating system environment, in which a piece of software is run.


Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.


Pillar 2B addresses risks to which an individual firm may become exposed over a forward-looking planning horizon, for example due to external stresses.
2.  ''Information technology - hardware - operating systems - software - applications.''
 
More broadly, any dimension of the information technology environment in which an application is run.
 
In this broader sense, the platform may include software, storage, and any other supporting frameworks.
 
 
:<span style="color:#4B0082">'''''DeFi platforms - financial stability - regulatory challenges'''''</span>
 
:"The highly decentralised and global structure of the DeFi sector along with the difficulty to trace end users provide a unique set of challenges for regulators.
 
:... the degree of decentralisation currently varies across platforms.
 
:However, in an extreme form, a DeFi platform could be completely decentralised with no identifiable legal entity, ownership nor even a point of human contact."
 
:''Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021.''
 
 
3.  ''Discussion and representation.''
 
Any forum for the exchange of ideas and for collective advocacy.
 
 
:<span style="color:#4B0082">'''''Neutral platform for best practice'''''</span>
 
:"The Official Monetary and Financial Institutions Forum (OMFIF) is an independent think tank for central banking, economic policy and public investment.
 
:It is established to be a neutral platform for best practice in worldwide public-private sector exchanges."
 
:''Official Monetary and Financial Institutions Forum - the Treasurer's Wiki.''
 
 
4.  ''Learning and development.''
 
Any foundational structure, or body of knowledge.
 
 
:<span style="color:#4B0082">'''''Economics helps understand business'''''</span>
 
:"The study of economics provides a platform for understanding business and a reference framework for business systems and techniques."
 
:''Economics - the Treasurer's Wiki.''




== See also ==
== See also ==
* [[Pillar 1]]
* [[Algorithm]]
* [[Pillar 2]]
* [[Application]]
* [[Pillar 2A]]
* [[Bank of England]]
* [[Pillar 3]]
* [[CeFi]]
* [[PRA buffer]]
* [[Central bank]]
* [[Stress]]
* [[Crypto]]
* [[Supervisory Review and Evaluation Process]] (SREP)
* [[Cryptoassets]]
* [[Cryptocurrency]]
* [[DeFi]]
* [[Distributed ledger]]
* [[Economics]]
* [[Exchange]]
* [[Financial institution]]
* [[Financial intermediary]]
* [[Financial stability]]
* [[Hardware]]
* [[Information technology]]
*[[Invisible FX]]
* [[Learning and development]]
* [[Monetary]]
* [[New Payments Platform]]
* [[Official Monetary and Financial Institutions Forum]]
* [[Operating system]]
* [[Pension fund]]
* [[Prudential]]
* [[Regulation]]
* [[Software]]
* [[Sovereign wealth fund]]
* [[Smart contract]]
* [[Think tank]]
 
 
==External link==
*[https://www.bankofengland.co.uk/speech/2021/october/jon-cunliffe-swifts-sibos-2021 Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021]


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

Revision as of 07:37, 24 March 2022

1. Information technology - hardware - operating systems.

Defined narrowly, an information technology platform is the hardware and operating system environment, in which a piece of software is run.


2. Information technology - hardware - operating systems - software - applications.

More broadly, any dimension of the information technology environment in which an application is run.

In this broader sense, the platform may include software, storage, and any other supporting frameworks.


DeFi platforms - financial stability - regulatory challenges
"The highly decentralised and global structure of the DeFi sector along with the difficulty to trace end users provide a unique set of challenges for regulators.
... the degree of decentralisation currently varies across platforms.
However, in an extreme form, a DeFi platform could be completely decentralised with no identifiable legal entity, ownership nor even a point of human contact."
Is 'crypto' a financial stability risk? - Bank of England - Jon Cunliffe, Deputy Governor, Financial Stability - October 2021.


3. Discussion and representation.

Any forum for the exchange of ideas and for collective advocacy.


Neutral platform for best practice
"The Official Monetary and Financial Institutions Forum (OMFIF) is an independent think tank for central banking, economic policy and public investment.
It is established to be a neutral platform for best practice in worldwide public-private sector exchanges."
Official Monetary and Financial Institutions Forum - the Treasurer's Wiki.


4. Learning and development.

Any foundational structure, or body of knowledge.


Economics helps understand business
"The study of economics provides a platform for understanding business and a reference framework for business systems and techniques."
Economics - the Treasurer's Wiki.


See also


External link

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