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.
- Governor of the Bank of England, Mark Carney: A Platform for Innovation
- 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
ISO 20022 CHAPS migration: ‘Like-for-like’ message set and update
We have published the final ‘like-for-like’ message set for the Introductory Phase of the ISO 20022 CHAPS migration. This documentation also contains additional information on our migration approach, including updates on the use of enhanced data messages, testing and work to ensure participant readiness.
We have published a separate update to explain the impact of these changes on other RTGS account holders.
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.
Invitation to Participate issued to shortlisted suppliers
In February 2019 we issued our procurement notice and Supplier Qualification (SQ), we have now shortlisted bidders and issued the Invitation to Participate.
First phase of Supplier Qualification (SQ) completed
With the deadline for expressions of interest now passed, we are assessing potential bidders against a number of pre-agreed criteria.
Procurement for a Technology Delivery Partner commencedThe 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 May 2020.
Start of the Design, Enable and Procure phase of the Programme
ISO 20022 consultation response
Standards Advisory Panel Call for Interest
The Bank in conjunction with Pay.UK is creating a new Panel to advise on Payment Standards for the UK.
Synchronisation Call for interest
The Bank is looking to explore the demand for introducing synchronised settlement to the renewed Real-Time Gross Settlement (RTGS) service.
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.
ISO 20022Publication of ISO 20022 consultation
The first non-bank payment service provider (PSP) joined a UK payment system settling in central bank money.
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
External Advisory Body is set up to support an ongoing and effective dialogue between the Bank and its stakeholders during the renewal Programme.