Regulatory Alerts2026-06-04
Minutes of the Synchronisation Thematic Engagement Working Group - 30 April 2026
The Bank of England issued minutes from its first co-creation working group meeting to gather industry input on designing a live payment synchronisation service. The document outlines key design topics for synchronisation operators and account holders, including settlement models, earmark lifecycles, and governance structures, while confirming a separate subgroup will address account holder-specific needs. The Bank committed to publishing updates on the regulatory status of synchronisation operators, clarifying legal and contractual frameworks, and sharing anonymised feedback from both industry groups in upcoming sessions.
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