Central Banking

BoE picks Deloitte to review RTGS failure

The Bank of England (BoE) today appointed consultancy firm Deloitte to conduct an investigation into an outage in its real-time gross settlement system (RTGS) last month.

"The review will investigate the causes of the incident, the effectiveness of the Bank's response and provide lessons learned from the incident," the central bank said in a statement.

Part of the RTGS system was out of action for most of the day on October 20, after the BoE identified an unspecified "technical issue" during rou

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