Majority of central banks only have one RTGS contingency site

More than half of institutions have had RTGS outages since 2020

A majority of central banks participating in the Payments Benchmarks 2021 have only one contingency site for their real-time gross settlement (RTGS) system. Of the 30 central banks that answered this question, 19 (63.3%) said they had one RTGS contingency site.

Of the remainder, eight had two sites (26.7%), and three (10%) had three sites. Eight central banks did not respond.

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BEHIND THE DATA: Many of the central banks that said they had only one contingency site are small, either in

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