Central Banking

Bank funding: gone in 15 seconds?

Bank runs, once triggered, are set to become much quicker and less controllable in future.

The queues forming outside Northern Rock made for striking images evoking memories of bank runs past, but they may be consigned to the history books after the introduction of a new payments scheme which will allow people to make near-real time payments direct from their bank accounts 24 hours a day, seven days a week.

Dubbed "Faster Payments", the new payments service will deliver payments in "near" rea

To continue reading...

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 indvidual account here: