Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > News and Publications > Bank of England statements - RTGS

Bank of England statements - RTGS

20 October 2014

Update on RTGS at 9.55pm

​RTGS closed at 20:00 hrs (BST). All 142,759 payments submitted to RTGS today before the extended deadline have now been processed. The Bank has put in place extra steps to monitor the system at the start of the day tomorrow when RTGS will open at 06:00 hrs (BST) as usual. The Bank apologises for any problems caused by the delays to the settlement of payments today and has launched a thorough, independent review of the incident.

Independent review into RTGS payment system disruption - update at 7:15pm​

The Governor of the Bank of England, Mark Carney, has launched a thorough, independent review of the causes of today’s disruption to RTGS, the Bank's system for settling high value payments. The review will cover the causes of the incident, the effectiveness of the Bank’s response and the lessons learned for future contingency plans. Its findings will be presented to Court which will then publish the full report and the response.

RTGS issue resolved - update at 4.10pm

The Bank of England confirms it is now processing payments through RTGS as normal. We have extended opening hours until 20:00 hrs (BST) to maximise the opportunity for settlement.

Update at 11.20am

​The Bank of England has identified a technical issue related to some routine maintenance of the RTGS payment system and has paused settlement while we resolve it. We are working to address this issue as quickly as possible, and restart the RTGS payment system in a controlled manner. The most important payments are being made manually and we can reassure the public that all payments made today will be processed.|