Regulated Liability Network: Difference between revisions
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== See also == | == See also == | ||
*[[APP fraud]] | |||
*[[BACS]] | *[[BACS]] | ||
*[[Bank of England]] | *[[Bank of England]] | ||
*[[Central bank digital currency]] (CBDC) | |||
*[[CHAPS]] | *[[CHAPS]] | ||
*[[Clearing House Automated Payment System]] | *[[Clearing House Automated Payment System]] | ||
*[[Commercial bank money]] | |||
*[[Committee on Payments and Market Infrastructures]] (CPMI) | *[[Committee on Payments and Market Infrastructures]] (CPMI) | ||
*[[Continuous linked settlement]] (CLS) | *[[Continuous linked settlement]] (CLS) | ||
*[[Electronic money]] | |||
*[[Faster Payments Service]] (FPS) | *[[Faster Payments Service]] (FPS) | ||
*[[Financial Market Infrastructure]] (FMI) | *[[Financial Market Infrastructure]] (FMI) | ||
| Line 42: | Line 46: | ||
*[[LVPS]] | *[[LVPS]] | ||
*[[Markets in Financial Instruments Regulation]] | *[[Markets in Financial Instruments Regulation]] | ||
* [[Network]] | |||
* [[Network effects]] | |||
* [[Network science]] | |||
*[[Payment infrastructure]] | *[[Payment infrastructure]] | ||
*[[Principles for Financial Market Infrastructures]] (PFMI) | *[[Principles for Financial Market Infrastructures]] (PFMI) | ||
*[[Proof of concept]] | |||
*[[Regulation]] | *[[Regulation]] | ||
*[[Settlement]] | |||
*[[Systemic risk]] | *[[Systemic risk]] | ||
*[[Systemically Important Payment System]] (SIPS) | *[[Systemically Important Payment System]] (SIPS) | ||
| Line 50: | Line 59: | ||
==Other resources== | ==Other resources== | ||
*[https://www.treasurers.org/hub/blog/ | *[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] | *[https://regulatedliabilitynetwork.org/ About the RLN and its contributors] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
[[Category:Treasury_operations_infrastructure]] | [[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
- APP fraud
- BACS
- Bank of England
- Central bank digital currency (CBDC)
- CHAPS
- Clearing House Automated Payment System
- Commercial bank money
- 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)
