Bank of England Puts RTGS Standards Delay on Hold

The Bank of England has announced that it will delay the release of revised standards for its real-time gross settlement system (RTGS) until further notice. The new timeline, originally set for November 2026, was intended to provide a more efficient and secure platform for high-value payments in the UK financial sector.

The central bank cited the need for additional time to gather and assess feedback from stakeholders as the reason for the delay. This consultation process will allow the Bank of England to consider the views of participants and users across the financial sector before finalizing the updated standards.

According to a spokesperson, maintaining a robust and resilient RTGS service remains the priority. The postponement is intended to provide more time to consider feedback gathered during the consultation period.