Half of central banks surveyed experienced RTGS outages last year

Most reported operating one contingency site

Outages to critical real-time gross settlement (RTGS) systems can trigger financial crises and pose a threat to financial stability. 

Just over half of central banks (16 out of 31 that answered this benchmark) said they experienced an RTGS outage in the last 12 months. The median outage time was five hours, but ranged between five minutes and 11 hours. 

Four national central banks that are members of the ECB all reported 10-hour outages – the Target2 system experienced a major incident in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account