Bank of England advances RTGS and CHAPS reforms
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On 4 November 2026, the Bank of England published the minutes of the RTGS and CHAPS Industry Forum, outlining progress on work including extended settlement hours, synchronised settlement and structured addresses. Work to implement CHAPS operations starting at 1:30 a.m. is progressing, with an initial estimate that around 20% of CHAPS payments will be settled before 6:00 a.m. The Bank of England said it plans to publish its response to the consultation on extended settlement hours in early 2027.
AI-written from reports · updated 3 hours ago
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- Bank of EnglandSelectedBank of England publishes RTGS CHAPS Industry Forum minutes, discussing extended settlement hours and synchronised settlement
The Bank of England updated the RTGS CHAPS Industry Forum on progress with work on extended settlement hours, synchronised settlement and structured addresses. Implementation work for CHAPS to begin operating at 1:30 is underway, with an initial estimate that around 20% of CHAPS payments will settle before 6 in the morning; responses to the consultation on extended hours will be published in early 2027.
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