Bank of England advances plans to extend settlement hours
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AI-assisted source synthesis · not an independent investigation.
In May 2026, the Bank of England published a consultation paper on extending the settlement hours of the Real-Time Gross Settlement system (RTGS) and CHAPS. On October 13, 2026, the Bank of England’s Money Markets Committee updated the relevant plans, stating that feedback was broadly supportive of extending the existing operating day to support innovation, cross-border payments, and liquidity management. The Committee also noted that issues including liquidity tools outside working 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 to work with the industry to further clarify the proposal.
AI-written from reports · updated 5 days ago
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- Bank of EnglandSelectedBank of England’s Money Markets Committee discusses extending RTGS and CHAPS settlement hours
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.
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