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| - | ====== Preface ====== | + | ====== h. Preface ====== |
| [[cbdc:public:cbdc_omg:00_front:start| return to Front Matter ]] | [[cbdc:public:cbdc_omg:00_front:start| return to Front Matter ]] | ||
| - | This document is a response by the [[https://www.omg.org/about/index.htm | Object Management Group (OMG)]] to a {{ cbdc:04_doc:08_method:money-and-payments-20220120.pdf | White Paper}} published by the | + | This document is a response by the [[https://www.omg.org/about/index.htm | Object Management Group's (OMG)]] CBDC WG to a {{ cbdc:04_doc:08_method:money-and-payments-20220120.pdf | White Paper}} published by the |
| [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:federal_reserve | U.S. Federal Reserve (The Fed)]] on [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money, and Payments: The U.S. Dollar in the Age of Digital Transformation]](( | [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:federal_reserve | U.S. Federal Reserve (The Fed)]] on [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money, and Payments: The U.S. Dollar in the Age of Digital Transformation]](( | ||
| Board of Governors, | Board of Governors, | ||
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| [[cbdc:public:cbdc_omg:00_front:5_preface| Return to Top of Preface]] | [[cbdc:public:cbdc_omg:00_front:5_preface| Return to Top of Preface]] | ||
| - | The OMG's goals in responding to the **White Paper** are: | + | The OMG's CBDC WG's goals in responding to the **White Paper** are: |
| * Provide the Federal Reserve direct response to the 22 questions posed in the **White Paper** | * Provide the Federal Reserve direct response to the 22 questions posed in the **White Paper** | ||
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| [[cbdc:public:cbdc_omg:00_front:5_preface| Return to Top of Preface]] | [[cbdc:public:cbdc_omg:00_front:5_preface| Return to Top of Preface]] | ||
| - | The primary audience for the OMG response to the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] is first and foremost the authors of the **White Paper**. This not only includes the authors responsible for providing background information about the Federal Reserve position on a U.S. CBDC, but it also includes the individuals who put forward the 22 questions. However, the hope is that anyone at the Federal Reserve interested in a CBDC would find the OMG Response to be good reference material. | + | The primary audience for the OMG's CBDC WG's response to the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] is first and foremost the authors of the **White Paper**. This not only includes the authors responsible for providing background information about the Federal Reserve position on a U.S. CBDC, but it also includes the individuals who put forward the 22 questions. However, the hope is that anyone at the Federal Reserve interested in a CBDC would find the OMG's CBDC WG's Response to be good reference material. |
| - | The OMG members hope this content is freely shared by the Federal Reserve in the hopes that other respondents to the **White Paper** can use it as a reference and a place to start collaborating with other respondents and with the members of the Federal Reserve. Some of the content is specific to the Federal Reserve and to a U.S. CBDC; however, some of the content should be applicable to any other national CBDC being developed. | + | The OMG's CBDC WG members hope this content is freely shared by the Federal Reserve in the hopes that other respondents to the **White Paper** can use it as a reference and a place to start collaborating with other respondents and with the members of the Federal Reserve. Some of the content is specific to the Federal Reserve and to a U.S. CBDC; however, some of the content should be applicable to any other national CBDC being developed. |
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| Accessed: 5 May 2022, | Accessed: 5 May 2022, | ||
| [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf]] | [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf]] | ||
| - | )), which provided a discussion and analysis of [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] and posted 22 questions for the community response. Since the response to each question should be stand-alone, the WIKI is recommended since each question has its own WIKI page or pages. These pages are linked back to the rest of the OMG responses for convenience and to restrict the about of duplicate material included in each response. | + | )), which provided a discussion and analysis of [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] and posted 22 questions for the community response. Since the response to each question should be stand-alone, the WIKI is recommended since each question has its own WIKI page or pages. These pages are linked back to the rest of the OMG's CBDC WG's responses for convenience and to restrict the about of duplicate material included in each response. |
| ==== WIKI Content Struction ==== | ==== WIKI Content Struction ==== | ||
| <table content> | <table content> | ||
| - | <caption>A summary of the Sections in the OMG Response</caption> | + | <caption>A summary of the Sections in the OMG's CBDC WG's Response</caption> |
| |< 100% 30% >| | |< 100% 30% >| | ||
| ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:04_intro:start | 1.0 Introduction]] | <WRAP> | ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:04_intro:start | 1.0 Introduction]] | <WRAP> | ||
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| </WRAP>| | </WRAP>| | ||
| ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:08_method:start | 2.0 Methodology]]| <WRAP> | ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:08_method:start | 2.0 Methodology]]| <WRAP> | ||
| - | A brief overview of the methodology the OMG used to formulate a response to the **White Paper**. | + | A brief overview of the methodology the OMG's CBDC WG used to formulate a response to the **White Paper**. |
| </WRAP>| | </WRAP>| | ||
| ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:12_summary:start | 3.0 White Paper Analysis]]| <WRAP> | ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:12_summary:start | 3.0 White Paper Analysis]]| <WRAP> | ||
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| </WRAP>| | </WRAP>| | ||
| ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:20_comments:start | 5.0 Questions and Responses]]| <WRAP> | ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:20_comments:start | 5.0 Questions and Responses]]| <WRAP> | ||
| - | The actual OMG response to the 22 direct questions posed in the **White Paper**. These are linked to other sections of the OMG response such as the **Common Elements** and also other questions. The OMG responded to all the questions, however, a few were felt to be beyond the scope of what the OMG members could respond to. | + | The actual OMG's CBDC WG's response to the 22 direct questions posed in the **White Paper**. These are linked to other sections of the OMG's CBDC WG's response such as the **Common Elements** and also other questions. The OMG' CBDC WG responded to all the questions, however, a few were felt to be beyond the scope of what the OMG's CBDC WG members could respond to. |
| </WRAP>| | </WRAP>| | ||
| ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:start | 6.0 Recommendations ]]| <WRAP> | ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:start | 6.0 Recommendations ]]| <WRAP> | ||
| - | The OMG members wanted to make recommendations to the Federal Reserve for future activities in the area of a U.S. CBDC. They proposed 12 different direct actions or activities. One of these activities involves the use of RDT&E funding to explore eight specific topics. | + | The OMG's CBDC WG members wanted to make recommendations to the Federal Reserve for future activities in the area of a U.S. CBDC. They proposed 12 different direct actions or activities. One of these activities involves the use of RDT&E funding to explore eight specific topics. |
| </WRAP>| | </WRAP>| | ||
| </table> | </table> | ||
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| </WRAP>| | </WRAP>| | ||
| ^ Provide Feedback | <WRAP> | ^ Provide Feedback | <WRAP> | ||
| - | Brings up the user's mail client to provide feedback to the OMG-CBDC team. The **''Subject Line''** becomes the title of the page where the **''Provide Feedback''** is selected. | + | Brings up the user's mail client to provide feedback to the OMG's CBDC WG team. The **''Subject Line''** becomes the title of the page where the **''Provide Feedback''** is selected. |
| </WRAP>| | </WRAP>| | ||
| </table> | </table> | ||