cbdc:public:cbdc_omg:04_doc:90_recommend:70_recomend:start
Differences
This shows you the differences between two versions of the page.
| Next revision | Previous revision | ||
|
cbdc:public:cbdc_omg:04_doc:90_recommend:70_recomend:start [2022/05/10 15:18] nick created |
cbdc:public:cbdc_omg:04_doc:90_recommend:70_recomend:start [2022/06/17 19:41] (current) terrance |
||
|---|---|---|---|
| Line 1: | Line 1: | ||
| - | ===== 6.7 Instilling Confidence in the CBDC ===== | + | ===== 6.08 Instill Confidence in the CBDC ===== |
| - | [[cbdc:private:cbdc_omg:04_doc:90_recommend:start| Return to Top of Recommendations]] | + | |< 100% >| |
| + | | [[cbdc:public:cbdc_omg:04_doc:90_recommend:start| Return to Recommendations ]] | <WRAP> | ||
| + | <html><b> | ||
| + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: | ||
| + | 6.08 Instill Confidence in the CBDC | ||
| + | ">Provide Feedback</a></b> | ||
| + | </html> | ||
| + | </WRAP> | | ||
| - | The [[https://www.omg.org/ | Object Management Group (OMG) ]] recommends the Federal Reserve uses a Model-Based Systems Engineering (MBSE) and Unified Architecture Framework (UAF) approach for future CBDC efforts. The CBDC is a complex issue that, once released, could have a life expectancy of many, many years. Only through extensive Systems Analysis, Engineering, Design, and testing will CBDC have the stability it needs to instill confidence of the public. | + | The [[https://www.omg.org/ | Object Management Group's (OMG) ]] CBDC WG recommends the Federal Reserve uses a Model-Based Systems Engineering (MBSE) and Unified Architecture Framework (UAF) approach for future CBDC efforts. The CBDC is a complex issue that, once released, could have a life expectancy of many, many years. Only through extensive Systems Analysis, Engineering, Design, and testing will CBDC have the stability it needs to instill confidence from the public. |
| - | Some of the potential requirements in the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as summarized by the [[https://www.omg.org/ | Object Management Group's ]] [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] reflect the need to instill public confidence (See Table {{ref>confidence}}) | + | Some of the potential requirements in the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as summarized by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] reflect the need to instill public confidence (See Table {{ref>confidence}}) |
| <table confidence> | <table confidence> | ||
| Line 13: | Line 20: | ||
| ^ R0004 ^ 3 | **Risk** to the efficacy of monetary policy | | ^ R0004 ^ 3 | **Risk** to the efficacy of monetary policy | | ||
| ^ R0005 ^ 7 | New payment services could pose **Risks** to: <WRAP> | ^ R0005 ^ 7 | 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>| | ||
| ^ R0011 ^ 11 | Increased **Risk** to consumer's vulnerability to: <WRAP> | ^ R0011 ^ 11 | Increased **Risk** to consumer's vulnerability to: <WRAP> | ||
| - | - loss | + | : 1. loss |
| - | - theft | + | : 2. theft |
| - | - fraud | + | : 3. fraud |
| </WRAP>| | </WRAP>| | ||
| </table> | </table> | ||
cbdc/public/cbdc_omg/04_doc/90_recommend/70_recomend/start.1652210320.txt.gz · Last modified: 2022/05/10 15:18 by nick
