FIBOFBC — Integrate the concept of a Monetary Authority with the concept of Central Bank in FBC

In the FIBO IND FTF 2, an issue was raised with respect to the fact that there was a duplicate definition (incorrectly specified) for CentralBank in the Interest Rate Publishers ontology. That definition depended on the notion of a Monetary Authority, which is not currently represented in FBC.

This issue reflects moving the original concept of a monetary authority to its proper home in FBC, and integrating that with the current definition of a central bank.

Integrate the concept of a Monetary Authority with the concept of Central Bank in FBC

In the FIBO IND FTF 2, an issue was raised with respect to the fact that there was a duplicate definition (incorrectly specified) for CentralBank in the Interest Rate Publishers ontology. That definition depended on the notion of a MonetaryAuthority, which is not currently represented in FBC.

This issue reflects moving the original concept of a monetary authority to its proper home in FBC, and integrating that with the current definition of a central bank. There was also a request from Deutsche Bank to revise the definition of central bank slightly, to replace the word “nations” with “countries”, which the resolution to this issue also addresses.