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Why is it necessary to renew RTGS? Renewing the service is necessary because the way payments are made has changed dramatically in recent years, reflecting changes in the needs of households and companies, changes in technology, and an evolving regulatory landscape.
- RTGS career opportunities - Bank of England
RTGS infrastructure settles over £720 billion a day, which...
- Roadmap for Real-Time Gross Settlement service beyond 2024
The Bank is in the process of renewing the Real-Time Gross...
- The renewed RTGS service – key benefits - Bank of England
RTGS is currently being renewed, with industry and for...
- RTGS career opportunities - Bank of England
Oct 18, 2024 · We have made important progress, working closely with users, to further the design of three roadmap priority features: additional channels to connect to RTGS to enhance resilience; extended settlement hours for RTGS/CHAPS; and synchronisation of transfers in RTGS with settlements in other ledgers.
Apr 29, 2022 · The Bank is in the process of renewing the Real-Time Gross Settlement (RTGS) service, with the move to enhanced ISO 20022 messages in April 2023 and new core settlement engine due to be introduced in Spring 2024.
The renewed RTGS service will deliver a range of new features and capabilities, including increased resilience, greater access, wider interoperability, improved user functionality and strengthened end-to-end risk management. The planned capabilities were set out in the RTGS Renewal Blueprint.
Oct 18, 2024 · RTGS is currently being renewed, with industry and for industry, to respond to the changing payments landscape. From Spring 2025, the renewed RTGS service will deliver a more resilient, flexible and innovative sterling settlement system to support monetary and financial stability.
RTGS Renewal Programme – Round Up . December 2018 . Our vision is to develop an RTGS service which is fit for the future, enabling resilience, access, wider interoperability, improved user functionality and strengthened end to end risk management of the UK’s High Value Payment System. Highlights since the September Round Up.
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Bank of England Quarterly Bulletin. Careers. Programme Updates. Upcoming: June Industry Event. The RTGS Renewal Programme will host its next update to industry on the afternoon of 10 June 2019. The Programme will provide an update on work done to-date and our priorities for 2019 and beyond.
