Round up
The RTGS Programme Team sends out a bi-monthly newsletter, if you would like to be added to the mailing list, please use the contact form below.
Latest round-up: September 2019-
- RTGS Renewal Programme round-up - June 2019 (pdf)
- RTGS Renewal Programme round-up - April 2019 (pdf)
- RTGS Renewal programme round-up - February 2019 (pdf)
- In Focus: A Look at Canada’s Payments Modernization Journey (pdf)
- RTGS renewal programme round-up - December 2018 (pdf)
- RTGS renewal programme round-up - September 2018 (pdf)
- RTGS Renewal programme round-up - July 2018 (pdf)
- RTGS Renewal programme round-up - May 2018 (pdf)
- RTGS Renewal programme round-up - March 2018 (pdf)
- RTGS Renewal programme round-up - January 2018 (pdf)
- RTGS renewal programme - round up - November 2017 (pdf)
Events
We will host a number of events over the course of the Programme, more information on these events will be published in our bi-monthly round up.
Speeches from 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"
What's happened
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.
June 2019
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.
March 2019
Synchronisation workshops
Two workshops on synchronisation were completed with over 50 industry representatives in attendance.
March 2019
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.
February 2019
The Standards Advisory Panel (SAP) held its first meeting
February 2019
API workshops
Two workshops were held to explore themes around API interactions with the new RTGS service.
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 May 2020.November 2018
Start of the Design, Enable and Procure phase of the Programme
November 2018
ISO 20022 consultation response
November 2018
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.
August 2018
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.
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.
April 2018
Non-bank PSP
The first non-bank payment service provider (PSP) joined a UK payment system settling in central bank money.
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
External Advisory Body is set up to support an ongoing and effective dialogue between the Bank and its stakeholders during the renewal Programme.