Regulatory Alerts2026-06-15
Summary of the RTGS CHAPS Industry Forum
The Bank of England convened the inaugural RTGS CHAPS Industry Forum to align industry stakeholders on the strategic change roadmap and operational resilience of real-time gross settlement services. The Bank presented a multi-year plan prioritizing stability in 2026, opening CHAPS hours to 1:30 am in 2027, and pursuing near 24/7 settlement capabilities by 2028. Industry members endorsed the direction of travel but highlighted significant risks, cultural shifts, and liquidity management impacts associated with extending settlement hours and integrating new API functionalities.
Share