Bank of England’s Money Markets Committee discusses extending RTGS and CHAPS settlement hours
Minutes of the Money Market Committee meeting – September 2026
AI-assisted source summary · not independently verified. Content standards
The Bank of England’s Money Markets Committee updated its plans to extend RTGS and CHAPS settlement hours to support innovation, cross-border payments and liquidity management. Feedback on the May 2026 consultation paper was broadly supportive of extending the existing operating day, but members noted that liquidity facilities outside operating hours, liquidity and collateral management on weekends and bank holidays, operational resilience and value date rollovers still need to be addressed. The Bank of England said it would continue working with the industry to further clarify the proposal.
The meeting minutes show the level of support for extending RTGS and CHAPS settlement hours, as well as implementation constraints involving liquidity, collateral and operational resilience, helping market participants understand the priorities for near-24x7 settlement.
Source:Bank of England · bankofengland.co.uk