Bank of England prepares to overhaul ageing RTGS system
Central bank will spend year outlining plans for replacement to high-value payments system
The Bank of England (BoE) unveiled plans to overhaul its real-time gross settlement (RTGS) system today (January 27), as the system nears its 20th anniversary.
At present the project is only defined in rough outlines. Minouche Shafik, the deputy governor heading the project, will ask leaders in the payments industry this evening for their views on what features the system should incorporate.
"It is again time to ask fundamental questions about the shape of the Bank's settlement operations," she
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