The successful testing of the key sterling market systems— CGO, CMO, CREST and RTGS—reported in the Bank’s Blue Book series gives assurance to market participants that the infrastructure will operate normally. In parallel, the Bank has taken a number of steps to ensure that sterling market participants who have made proper preparations for Y2K can obtain adequate liquidity over the period to enable them to maintain normal business activity.
Sterling market liquidity over the Y2K period