News and publications
We are delighted to announce that we have appointed Accenture as Technology Delivery Partner for the RTGS Renewal Programme.
Latest news
RTGS Renewal Programme Industry Event
The RTGS Renewal Programme will host its next Biannual Industry Event on Wednesday 24 November 2021 at 9am–11.15am.
This will be a hybrid event with in person attendance in our Conference Centre, combined with virtual attendance on Microsoft Teams.
Bringing together senior members of the payments industry including RTGS participants, other FMIs, software vendors, trade associations and wider industry stakeholders to hear the latest Programme updates from our senior leadership team.
Please register your interest to attend by no later than Friday 12 November 2021.
For any further information please contact EventsManagement@bankofengland.co.uk or telephone: 020 3461 6644.
Round up
The RTGS Programme Team sends out a quarterly newsletter, if you would like to be added to the mailing list, please use the contact form below.
Latest round-up: August 2021-
- RTGS Renewal programme round-up - November 2020 (PDF 1.1MB)
- RTGS Renewal programme round-up - July 2020 (PDF 0.4MB)
- RTGS Renewal programme round-up - June 2020 (PDF 0.4MB)
- RTGS Renewal programme round-up - March 2020 (PDF 0.4MB)
- RTGS Renewal programme round-up - February 2020 (PDF 0.4MB)
- RTGS renewal programme round up - November 2019 (PDF 0.5MB)
- RTGS Renewal programme round-up - September 2019 (PDF 0.1MB)
- RTGS Renewal Programme round-up - June 2019 (PDF 0.4MB)
- RTGS Renewal Programme round-up - April 2019 (PDF 0.4MB)
- RTGS Renewal programme round-up - February 2019 (PDF 0.9MB)
- In Focus: A Look at Canada’s Payments Modernization Journey (PDF 0.2MB)
- RTGS renewal programme round-up - December 2018 (PDF 0.7MB)
- RTGS renewal programme round-up - September 2018 (PDF 0.4MB)
- RTGS Renewal programme round-up - July 2018 (PDF 0.4MB)
- RTGS Renewal programme round-up - May 2018 (PDF 0.5MB)
- RTGS Renewal programme round-up - March 2018 (PDF 0.3MB)
- RTGS Renewal programme round-up - January 2018 (PDF 0.3MB)
- RTGS renewal programme - round up - November 2017 (PDF 0.3MB)
Speeches and publications from the Senior Leadership Team
As part of their regular speaking engagements, senior representatives of the Bank of England have been spreading the message about RTGS Renewal. Please click on the following links to read a selection of these speeches in full.
- Deputy Governor for Markets and Banking, Dave Ramsden: Embracing Fintech
- Executive Director for Banking, Payments and Innovation, Victoria Cleland: Payments: Diversity Matters, Enhancing resilience in payments, The value of the LEI for the payments industry, Payments: A platform for innovation
What's happened
December 2020
- We launched a consultation on Purpose Codes – we are working with Pay.UK on the creation of a ISO 20022 purpose code list.
- We published a Policy Statement implementing enhanced data (LEIs, purpose codes, structured addresses and remittance information).
October 2020
- We published our ISO 20022 revised approach and final schemas Opens in a new window.
- We also held our first virtual RTGS Renewal Programme all Industry Event.
July 2020
- The RTGS/CHAPS Annual Report was published
- Accenture appointed as Technology Delivery Partner for the Programme.
- This follows a public procurement process which commenced in February 2019.
- The Bank of England appoints Accenture as the Technology Delivery Partner for the Real Time Gross Settlement Service Renewal Programme.
January 2020
RTGS Renewal Programme sets up new working groups for CHAPS Direct Participants
The Programme has set-up industry working groups for CHAPS Direct Participants to support industry readiness work. These groups bring together expertise from the industry to better understand risk management, testing and business or technical change. The groups will continue to meet on a quarterly basis throughout 2020.
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August 2019
The Bank of England responds to BEIS on the Corporate Transparency and Register Reform Consultation
Our response focussed on how the use of Legal Entity Identifiers (LEI) may provide a solution for the Department for Business, Energy and Industrial Strategy (BEIS). In turn, this could have benefits for the real economy. This comes as part of the Bank’s effort to champion the LEI as a globally recognised and unique identifier for all businesses in the UK.
February 2019
The Standards Advisory Panel (SAP) held its first meeting
- Terms of Reference (PDF) Opens in a new window Opens in a new window
- Minutes from the first meeting on 11 February
February 2019
Procurement for a Technology Delivery Partner commenced
The Bank published a contract notice in the Official Journal of the European Union (OJEU) inviting potential providers to express their interest. The chosen Technology Delivery Partner will be announced in Summer 2020.
November 2018
Start of the Design, Enable and Procure phase of the Programme
November 2018
ISO 20022 consultation response
July 2018
Proof of Concept
The Bank has completed a Proof of Concept (PoC) to understand how a renewed RTGS service could be capable of supporting settlement in systems operating on innovative payment technologies.
June 2018
ISO 20022
Publication of ISO 20022 consultation
November 2017
Delivery of CHAPS
One of the earliest deliverables of the RTGS renewal programme was the move to a direct delivery model for CHAPS.
July 2017
External Advisory Body
External Advisory Body is set up to support an ongoing and effective dialogue between the Bank and its stakeholders during the renewal Programme.
May 2017
Blueprint published
A Blueprint for a new RTGS Service for the United Kingdom is published.
January 2016
Start of RTGS Renewal Programme
The Bank of England announces it will develop a blueprint to modernise the UK’s sterling settlement infrastructure to respond to changing needs.
This page was last updated 22 October 2021
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