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--- cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start [2022/05/11 21:49]
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+++ cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start [2022/06/17 17:44] (current)
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@@ Line 1: / Line 1: @@
 ====== 4.1 Stakeholders ======
-[[cbdc:private:cbdc_omg:04_doc:15_common:start| Return to Common Elements]]
+|< 100% >|
+| [[cbdc:public:cbdc_omg:04_doc:15_common:start| Return to Common Elements]]  |  <WRAP>
+<html><b>
+<a href="mailto:[email protected]?Subject=OMG's CBDC WG Response:
+.1 Stakeholders
+">Provide Feedback</a></b>
+</html>
+</WRAP>  |
 ===== Overview =====
-[[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start | Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start| Return to Top]]
-A [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:stakeholder | Stakeholder]] is a party with an interest in a [[cbdc:private:cbdc_omg:8_append:20_glossary:cbdc | Central Bank Digital Currency (CBDC)]] effort and can either affect or be affected by the CBDC effort. The primary stakeholders in the CBDC effort are [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]], [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], customers, and suppliers of goods and services.
+A [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:stakeholder | Stakeholder]] is a party with an interest in a [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc| Central Bank Digital Currency (CBDC)]] effort and can either affect or be affected by the CBDC effort. The primary stakeholders in the CBDC effort are [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]], [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], customers, and suppliers of goods and services.
 However, with the increasing attention on social responsibility, the Stakeholder concept now includes: communities, governments, trade associations, and [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:c:coi | Communities of Interest (CoIs)]].
   * A CBDC stakeholder has a vested interest in a CBDC effort and can either affect or be affected by a CBDC effort's operations and performance
-  * Typical CBDC stakeholders are the customers, suppliers of goods, services, [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Authorities]], and [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Authorities]]
+  * Typical CBDC stakeholders are the customers, suppliers of goods, services, [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Authorities]], and [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Authorities]]
-  * CBDC stakeholders can be both internal or external to the CBDC effort.
+  * CBDC stakeholders can be both internal and external to the CBDC effort.
 There are two "Desirements"((
@@ Line 23: / Line 30: @@
 ^ B0006  ^  2  ^ Provide broad support from key stakeholders|
 ^ P0006  ^  2  ^ Garner broad support from key stakeholders |
-| **''B''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] |||
+| **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefit_considerations| Benefit Considerations ]] |||
-| **''P''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] |||
+| **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] |||
-| **''R''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] |||
+| **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risk_considerations| Risk Considerations ]] |||
-| **''D''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] |||
+| **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design_considerations| Design Considerations]] |||
 </table>
+\\
 <table summaryStakeReg>
@@ Line 34: / Line 41: @@
 ^Potential Oversight Authorities  ^  No. of Stakeholders  |
-^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities ]] |  14  |
+^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities ]] |  14  |
 ^ [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc_omg:04_doc:15_common:45_privacy:start#us_state_laws_and_regulations   | non-U.S. Federal Government Oversight Authorities  ]]  |  19  |
 ^ Total  ^  **33**  |
@@ Line 42: / Line 49: @@
 ==== U.S. Federal Government Oversight Authorities ====
-[[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start | Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start| Return to Top]]
 Table {{ref>usAuthorites}} provides a list of authorities within the U.S. having oversight over financial services. Some authorities listed are Agencies of the U.S. such as the
@@ Line 58: / Line 65: @@
 The **U.S. Treasury** is the government department responsible for issuing all Treasury bonds, notes, and bills. Among the government departments operating under the U.S. Treasury umbrella are the:
-  - Internal Revenue Service (IRS)
+  : 1. Internal Revenue Service (IRS)
-  - U.S. Mint, the Bureau of the Fiscal Service
+  : 2. U.S. Mint, the Bureau of the Fiscal Service
-  - Alcohol and Tobacco Tax and Trade Bureau
+  : 3. Alcohol and Tobacco Tax and Trade Bureau
 </WRAP> |
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sec | U.S. Securities and Exchange Commission (SEC)]]          | <WRAP>
@@ Line 107: / Line 114: @@
 \\
 ==== non-U.S. Federal Government Oversight Authorities ====
-[[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start | Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start| Return to Top]]
-Table {{ref>nonUsAuthorites}} provides a list of authorities that are not within the U.S. and have oversight over financial services. Each of the Countries that the organization is associated with is provided in the first column. A few organizations are umbrella organizations covering several countries and are declared as **''international''**.
+Table {{ref>nonUsAuthorites}} provides a list of authorities that are not within the U.S. and have oversight over financial services. Each of the Countries that the organization is associated with is provided in the first column. A few organizations are umbrella organizations covering several countries and are declared **''international''**.
 There are at least 18 non-U.S. Federal Government Authorities with financial oversight.
@@ Line 121: / Line 128: @@
 </WRAP>|
 ^                ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:p:pra | Prudential Regulation Authority (PRA)]] | <WRAP>
-The **PRA** is a part of the Bank of England and is responsible for the prudent regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm.
+The **PRA** is a part of the Bank of England and is responsible for the prudent regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm.
 </WRAP>|
 ^                ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:f:fca | Financial Conduct Authority (FCA)]] | <WRAP>
@@ Line 130: / Line 137: @@
 </WRAP>|
 ^ Germany        ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:b:bafin | Federal Financial Supervisory Authority (BaFin)]] | <WRAP>
-**BaFin** integrates the regulatory functions of those agencies with authority over Germany’s banks, financial services companies, insurance companies, stock exchanges, and other obligated institutions. An important part of BaFin’s role as regulator is to identify and eliminate financial crime – a function which includes promoting anti-money laundering in Germany, and counter-terrorist financing.
+**BaFin** integrates the regulatory functions of those agencies with authority over Germany’s banks, financial services companies, insurance companies, stock exchanges, and other obligated institutions. An important part of BaFin’s role as regulator is to identify and eliminate financial crime – a function that includes promoting anti-money laundering in Germany, and counter-terrorist financing.
 </WRAP>|
 ^ France         ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:a:amf | Autorité des marchés financiers (AMF)]] | <WRAP>
 **AMF** is an independent body that supervises financial companies operating in France with three core responsibilities:
-  - safeguard investments
+  : 1. safeguard investments
-  - increase transparency in financial instruments
+  : 2. increase transparency in financial instruments
-  - ensure financial markets run smoothly
+  : 3. ensure financial markets run smoothly
 It is also charged with keeping the nation’s markets and financial services industry free of fraud and money laundering.
-Additionally, France’s AMF is a rules-setter and responsible for implementing the EU’s 2018 [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:m:mifid_ii | Markets in Financial Instruments Directive II (MiFID II)]] directive as well as its own General Regulation.
+Additionally, France’s AMF is a rules-setter and is responsible for implementing the EU’s 2018 [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:m:mifid_ii | Markets in Financial Instruments Directive II (MiFID II)]] directive as well as its own General Regulation.
 </WRAP>|
 ^ Singapore      ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:m:mas | Monetary Authority of Singapore (MAS)]] | <WRAP>
-The **MAS** is empowered by the Monetary Authority of Singapore Act to set regulations and supervise the city’s banking, capital markets, insurance and payments sectors. The organization enforces its regulations and government laws through legally binding instructions called Directions. They may take the form of Directives, which are issued to specific entities or individuals, and Notices, which cover a class of asset, institution or person, such as loans or loan issuers.
+The **MAS** is empowered by the Monetary Authority of Singapore Act to set regulations and supervise the city’s banking, capital markets, insurance, and payments sectors. The organization enforces its regulations and government laws through legally binding instructions called Directions. They may take the form of Directives, which are issued to specific entities or individuals, and Notices, which cover a class of asset, institution, or person, such as loans or loan issuers.
 </WRAP>|
 ^ Switzerland    ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:f:finma | Financial Market Supervisory Authority (FINMA)]] | <WRAP>
-**FINMA** is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, financial institutions, collective investment schemes, and their asset managers and fund management companies. It also regulates insurance intermediaries. It is charged with protecting creditors, investors and policyholders. FINMA is responsible for ensuring that Switzerland’s financial markets function effectively.
+**FINMA** is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, financial institutions, collective investment schemes, and their asset managers and fund management companies. It also regulates insurance intermediaries. It is charged with protecting creditors, investors, and policyholders. FINMA is responsible for ensuring that Switzerland’s financial markets function effectively.
 </WRAP>|
 ^ People's Republic of China ^ [[https://www.omgwiki.org/dido/doku.php?id=didopublic:ra:xapend:xapend.a_glossary:c:cbrc | China Banking Regulatory Commission (CBRC)]] | <WRAP>
@@ Line 184: / Line 191: @@
 ===== Examples =====
-[[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start | Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start| Return to Top]]
-Some of the "desirements" in the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money and Payments: The U.S. Dollar in the Age of Digital Transformation]] **White Paper** relating to [[cbdc:private:cbdc_omg:8_append:20_glossary:cbdc]] **Stakeholders** are summarized in the [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group ]] and listed in Table {{ref>stakeholderReq}}.
+Some of the "desirements" in the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money and Payments: The U.S. Dollar in the Age of Digital Transformation]] **White Paper** relating to [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] **Stakeholders** are summarized in the [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG and listed in Table {{ref>stakeholderReq}}.
 <table stakeholderReq>
@@ Line 201: / Line 208: @@
 ===== Discussion of Examples =====
-[[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start | Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start| Return to Top]]
-Table {{ref>shareholderReqComment}} provides a comment for those "desirements" identified by the in [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start&do=edit | White Paper]] and identified by the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | OMG's White Paper Analysis]] relating to [[cbdc:private:cbdc_omg:8_append:20_glossary:cbdc]] Stakeholders. See: Table {{ref>stakeholderReq}}.
+Table {{ref>shareholderReqComment}} provides a comment for those "desirements" identified by the in [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:15_summary:start&do=edit | White Paper]] and identified by the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:15_summary:start | OMG's White Paper Analysis]] relating to [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]] Stakeholders. See: Table {{ref>stakeholderReq}}.
 <table shareholderReqComment>
@@ Line 214: / Line 221: @@
 </WRAP>|
 ^ B0009 ^ Provide faster and cheaper payments (including cross-border payments) | <WRAP>
-This requires the CBDC to have interaction with Authorities from [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
+This requires the CBDC to have interaction with Authorities from [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
 </WRAP>|
 ^ B0015 ^ Reduce cross-border costs to benefit: <WRAP>
-  - economic growth
+  : 1. economic growth
-  - enhance global commerce
+  : 2. enhance global commerce
-  - improve international remittances
+  : 3. improve international remittances
-  - reduce inequality
+  : 4. reduce inequality
 </WRAP>| <WRAP>
-See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
+See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
 </WRAP>|
 ^ B0020 ^ Maintain public confidence by not requiring mechanisms, such as deposit insurance  | <WRAP>
@@ Line 228: / Line 235: @@
 </WRAP>|
 ^ B0026 ^ Provide a bridge between legacy and new payment services  | <WRAP>
-In order to successfully bridge between the legacy and new payment services, the CBDC needs to work with existing [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+In order to successfully bridge between the legacy and new payment services, the CBDC needs to work with existing [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ B0029 ^ Support basic purchases of: <WRAP>
-  - goods
+  : 1. goods
-  - services
+  : 2. services
-  - pay bills
+  : 3. pay bills
-  - pay taxes
+  : 4. pay taxes
 </WRAP>| <WRAP>
-  - goods - Requires the active participation of the retail sector as a Stakeholder
+  : 1. goods - Requires the active participation of the retail sector as a Stakeholder
-  - services - This should be covered under existing Intermediaries as Stakeholders
+  : 2. services - This should be covered under existing Intermediaries as Stakeholders
-  - pay bills - This should be covered under existing Intermediaries as Stakeholders
+  : 3. pay bills - This should be covered under existing Intermediaries as Stakeholders
-  - pay taxes - This might require the inclusion of the U.S. Treasuries Internal Revenue Service (IRS) as a stakeholder
+  : 4. pay taxes - This might require the inclusion of the U.S. Treasuries Internal Revenue Service (IRS) as a stakeholder
 </WRAP>|
 ^ B0035 ^ Streamline cross-border payments by using: <WRAP>
-  - new technologies
+  : 1. new technologies
-  - introducing simplified distribution channels
+  : 2. introducing simplified distribution channels
-  - creating additional opportunities for cross-jurisdictional collaboration and interoperability
+  : 3. creating additional opportunities for cross-jurisdictional collaboration and interoperability
 </WRAP>| <WRAP>
-  - new technologies - Requires the inclusion of the new and emerging technology business areas (i.e., Stablecoins) as Stakeholders
+  : 1. new technologies - Requires the inclusion of the new and emerging technology business areas (i.e., Stablecoins) as Stakeholders
-  - introducing simplified distribution channels - Requires the participation of the existing Intermediaries as Stakeholders
+  : 2. introducing simplified distribution channels - Requires the participation of the existing Intermediaries as Stakeholders
-  - creating additional opportunities for cross-jurisdictional collaboration and interoperability - See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
+  : 3. creating additional opportunities for cross-jurisdictional collaboration and interoperability - See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
 </WRAP>|
 ^ B0037 ^ Support private-sector innovation | <WRAP>
@@ Line 254: / Line 261: @@
 </WRAP>|
 ^ B0038 ^ Allow private-sector innovators to focus on: <WRAP>
-  - new access services
+  : 1. new access services
-  - distribution methods
+  : 2. distribution methods
-  - related service offerings
+  : 3. related service offerings
 </WRAP>| <WRAP>
 Requires all the private-sector innovators to participate as Stakeholders
 </WRAP>|
 ^ B0041 ^ Support streamlining cross-border payments  | <WRAP>
-See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
+See **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
 </WRAP>|
 ^ B0043 ^ Promoting financial inclusion—particularly for economically vulnerable households and communities | <WRAP>
 This would require U.S. Government Departments and Agencies with a Charter to help the economically vulnerable be considered Stakeholders. For Example, see: [[https://www.usa.gov/benefits#item-211654 | U.S. Gov]].
-  - Benefits and Financial Assistance from the Government
+  : 1. Benefits and Financial Assistance from the Government
-  - How to Apply for Unemployment Benefits
+  : 2. How to Apply for Unemployment Benefits
-  - Food Stamps (SNAP Food Benefits)
+  : 3. Food Stamps (SNAP Food Benefits)
-  - Welfare or Temporary Assistance for Needy Families (TANF)
+  : 4. Welfare or Temporary Assistance for Needy Families (TANF)
-  - Medicaid and Children's Health Insurance Program (CHIP)
+  : 5. Medicaid and Children's Health Insurance Program (CHIP)
 It might also require the inclusion of Social Security and Medicare.
-  - Social Security Administration
+  : 1. Social Security Administration
 </WRAP>|
@@ Line 281: / Line 288: @@
 </WRAP>|
 ^ B0046 ^ Enable rapid and cost-effective delivery of:<WRAP>
-  - wages
+  : 1. wages
-  - tax refunds
+  : 2. tax refunds
-  - other federal payments
+  : 3. other federal payments
 </WRAP>| <WRAP>
-  - wages - This should be covered under existing Intermediaries as Stakeholders.
+  : 1. wages - This should be covered under existing Intermediaries as Stakeholders.
-  - tax refunds - This should require the inclusion of the U.S. Treasuries Internal Revenue Service (IRS) as a Stakeholder.
+  : 2. tax refunds - This should require the inclusion of the U.S. Treasuries Internal Revenue Service (IRS) as a Stakeholder.
-  - other federal payments - See **''B0013''**.
+  : 3. other federal payments - See **''B0013''**.
 </WRAP>|
 ^ B0051 ^ Generate data about users’ financial transactions similarly to current Commercial Bank((
 Commercial banks include banks licensed either by federal or state banking agencies, credit unions, and thrifts from the **White Paper&**.
-)) and [[cbdc:private:cbdc_omg:8_append:20_glossary:nonbank_money]] | <WRAP>
+)) and [[cbdc:public:cbdc_omg:8_append:20_glossary:nonbank_money]] | <WRAP>
-See: [[cbdc:private:cbdc_omg:04_doc:15_common:45_privacy:start | National Privacy Considerations]].
+See: [[cbdc:public:cbdc_omg:04_doc:15_common:45_privacy:start| National Privacy Considerations]].
 </WRAP>|
 ^ B0052 ^ Prevent Financial money laundering crimes | <WRAP>
-This would require [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This would require [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ B0053 ^ Provide resiliency to threats to existing payment services—including: <WRAP>
-  - operational disruptions
+  : 1. operational disruptions
-  - cybersecurity risks
+  : 2. cybersecurity risks
 </WRAP>| <WRAP>
 [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:fema | Federal Emergency Management Agency (FEMA) ]] is the agency that provides most of the relief and coordination during Natural Disasters making them a Shareholder in a CBDC.
@@ Line 310: / Line 317: @@
 </WRAP>|
 ^ P0017 ^ The PWG report recommends CBDC complement existing authorities regarding: <WRAP>
-  - market integrity
+  : 1. market integrity
-  - investor protection
+  : 2. investor protection
-  - illicit finance
+  : 3. illicit finance
 </WRAP>| <WRAP>
-This would require [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders
+This would require [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders
 </WRAP>|
 ^ P0020 ^ The private sector would offer accounts or digital wallets to facilitate the management of CBDC holdings and payments | <WRAP>
-This includes both the current Intermediaries and Entenprenuers to be included as Stakeholders.
+This includes both the current Intermediaries and Entrepreneurs to be included as Stakeholders.
 </WRAP>|
 ^ P0021 ^ The intermediaries would operate in an open market for CBDC services | <WRAP>
-To create an open market, the intermediaries would have publish and adhere to standards. This would mean one or more [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] need to be included as Stakeholders.
+To create an open market, the intermediaries would have to publish and adhere to standards. This would mean one or more [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] need to be included as Stakeholders.
 </WRAP>|
 ^ P0023 ^ CBDC would need to be readily transferable between customers of different intermediaries | <WRAP>
@@ Line 329: / Line 336: @@
 </WRAP>|
 ^ P0028 ^ Require significant international coordination to address issues such as:<WRAP>
-  - common standards
+  : 1. common standards
-  - infrastructure,
+  : 2. infrastructure,
-  - the types of intermediaries able to access any new infrastructure,
+  : 3. the types of intermediaries able to access any new infrastructure,
-  - legal frameworks
+  : 4. legal frameworks
-  - preventing illicit transactions
+  : 5. preventing illicit transactions
-  - the cost and timing of implementation
+  : 6. the cost and timing of implementation
 </WRAP>| <WRAP>
-  - common standards - See: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] as Stakeholders.
+  : 1. common standards - See: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] as Stakeholders.
-  - the types of intermediaries able to access any new infrastructure make the intermediaries as Stakeholders.
+  : 2. the types of intermediaries able to access any new infrastructure make the intermediaries Stakeholders.
-  - legal frameworks - See: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] as Stakeholders.
+  : 3. legal frameworks - See: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] as Stakeholders.
-  - preventing illicit transactions - See: [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+  : 4. preventing illicit transactions - See: [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ P0031 ^ The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support | <WRAP>
@@ Line 348: / Line 355: @@
 </WRAP>|
 ^ R0005 ^ New payment services could pose **Risks** to: <WRAP>
-  - financial stability
+  : 1. financial stability
-  - payment system integrity
+  : 2. payment system integrity
-  - other **Risks**
+  : 3. other **Risks**
 </WRAP>| <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ R0018 ^**Risk** a CBDC could fundamentally change the structure of the U.S. financial system, altering private sector and central bank:<WRAP>
-  - roles
+  : 1. roles
-  - responsibilities
+  : 2. responsibilities
 </WRAP>| <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ R0020 ^ **Risk** that interest-bearing CBDC could result in a shift away from other low-risk assets, such as shares in money market mutual funds, Treasury bills, and other short-term instruments. | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ R0021 ^ **Risk** of reducing credit availability or raise credit costs for businesses and governments | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ R0023 ^ **Risk** of financial panic causing outflows from Commercial Banks to CBDC without prudential supervision, government deposit insurance, and access to central bank liquidity | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0001 ^ **Design** should be for a non-interest-bearing CBDC, for example, would be less attractive as a substitute for commercial bank money | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0004 ^ **Design** should influence how the Federal Reserve might affect monetary policy | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0005 ^ **Design** could affect monetary policy implementation and interest rate control by altering the supply of reserves in the banking system | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0009 ^ **Design** should allow for significant foreign demand for CBDC, furthering complicate monetary policy implementation | <WRAP>
-See: **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities | non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
+See: **''B0009''**. This requires the CBDC to have interaction with Authorities from [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#non-us_federal_government_oversight_authorities| non-U.S. Federal Government Oversight Authorities]], making them Stakeholders.
 </WRAP>|
 ^ D0010 ^ **Design** should consider the potential for interest-bearing CBDC as a new policy tool on the channels of influence in monetary policy | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0011 ^ **Design** should generate data about users’ financial transactions in the same ways that commercial bank and nonbank money generates data today | <WRAP>
-See: [[cbdc:private:cbdc_omg:04_doc:15_common:45_privacy:start | National Privacy Considerations]]
+See: [[cbdc:public:cbdc_omg:04_doc:15_common:45_privacy:start| National Privacy Considerations]]
 </WRAP>|
 ^ D0012 ^ **Design** should address privacy concerns by leveraging existing tools already in use by intermediaries | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0013 ^ **Design** should facilitate compliance with a robust set of rules already intended to combat <WRAP>
-  - money laundering
+  : 1. money laundering
-  - the financing of terrorism
+  : 2. the financing of terrorism
-  - customer due diligence
+  : 3. customer due diligence
-  - record keeping
+  : 4. record keeping
-  - reporting requirements
+  : 5. reporting requirements
 </WRAP>| <WRAP>
-This requires the continued coordinated efforts of the [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This requires the continued coordinated efforts of the [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0014 ^ **Design** should involve private-sector partners with established programs to help ensure compliance with existing rules | <WRAP>
@@ Line 403: / Line 410: @@
 </WRAP>|
 ^ D0015 ^ **Design** should include any dedicated infrastructure required to provide a resilience to threats such as operational disruptions and cybersecurity risks | <WRAP>
-This includes the current Intermediaries and [[cbdc:private:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities | U.S. Federal Government Oversight Authorities]] as Stakeholders.
+This includes the current Intermediaries and [[cbdc:public:cbdc_omg:04_doc:15_common:05_stakeholder:start#us_federal_government_oversight_authorities| U.S. Federal Government Oversight Authorities]] as Stakeholders.
 </WRAP>|
 ^ D0016 ^ **Design** should include offline capabilities to help with operational resilience of the payment system  | <WRAP>

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