Industry engagement

We have set up industry groups to gather views on aspects of the RTGS Renewal Programme. These groups include experienced stakeholders representing different communities in the payment sector.

Overview

We have established a set of industry groups to gather views on aspects of the RTGS Renewal Programme. Representatives from different sections of the payments industry form the membership of these groups. We are committed to an ongoing programme of engagement with industry as part of the RTGS Renewal Programme. 

Ensuring that the renewed service meets the needs of the Bank and the payments industry means engaging with existing RTGS participants and a growing community of potential participants. Rebuilding RTGS provides a unique opportunity to ensure the service can support new functionality which can be used by payment firms that exist now and those launched in the future.

External Advisory Body

We have established the External Advisory Body to provide advice on implementing the renewed RTGS service. The body represents a broad range of interests, from current RTGS members, prospective members, Pay.UK, Payment System Regulator (PSR) and trade bodies. Members of the body provide a cross-section of views on the Programme and where appropriate challenge plans.

The first meeting of the advisory body was held in July 2017.

PDFTerms of reference: External Advisory Body

Minutes of the External Advisory Body

Standards Advisory Panel

In June 2018 the Bank, in collaboration with Pay.UK and the Payment Systems Regulator (PSR), published a consultation on the adoption of ISO 20022 in the UK. This consultation proposed the creation of a Standards Advisory Panel to support the Bank and Pay.UK in the implementation of payment standards by providing expertise on industry preferences and implications. An immediate focus will be ISO 20022, but the Panel will also advise on other new payments standards for the UK, such as those for financial APIs.

PDFTerms of Reference Standards Advisory Panel

Minutes of the Standards Advisory Panel

Previous workshops

The RTGS Programme has held a number of workshops to gain input from a wider set of stakeholders on specific topics. 

There will be future opportunities to provide input which will be posted on our news and events page.

Workshop minutes

This page was last updated 16 March 2020
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