the Bank of England has released its response to a February 2024 discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement. The response outlines the Bank ...

As such, it is weighing the possibility of ILP as an acceptable technical solution for its future RTGS upgrade. Ripple Labs’ ...

The Bank of England has reached a major landmark in its programme to replace its 27-year-old real-time gross settlement (RTGS) system after completing the first of two major components of the project.

The Bank of England (BoE) is proposing an experimental program using its Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to judge their settlement ...

It expresses the views and opinions of the author. RT2 will support our strategic objectives for RTGS and CHAPS and act as an open platform for change and innovation, driving improvement in ...

The Bank of England’s core IT system, which settles £775bn worth of UK payments a day, experienced a major outage due to a “technical issue”. The Real-Time Gross Settlement (RTGS ...

The Bank of England was hit by an outage on Monday ... The technical issue affected the real-time gross settlement (RTGS) service, used to settle transactions between banks and financial ...