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'Critical' Bank of England payments system fails

Officials have launched an investigation into what caused the "technical issue", which lasted for around six hours. The last time a similar error occurred in 2014, an estimated 700 home sales did not go through as planned.

United-kingdom , Real-time-gross-settlement , Clearing-house-automated-payment-system ,

BoE's CHAPS payments system suffers outage – Mortgage Strategy

The Bank of England says it suffered “a technical issue” which prevented it from opening its real-time gross settlement service and its CHAPS high-value payments system this morning (14 August).   The central bank, in a short statement, adds the cause behind the outage “has been resolved and settlement will resume

United-states , United-kingdom , China , America , Bank-prudential-regulation-authority , Euroclear-bank , Deutsche-bank , Clearing-house-automated-payment-system , Prudential-regulation-authority ,

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United-kingdom , Finland , Finnish , Simon-wood , World-trade-organization , International-chamber , Clearing-house-automated-payment-system , Financial-stability-board ,

Using real-time indicators for economic decision-making in government

This paper reviews the elements that contributed to successes in using real-time data during the COVID-19 pandemic, as well as the challenges faced during this period, with a view to distilling some lessons for future use in government.

United-kingdom , Office-for-national-statistics , National-statistics , Clearing-house-automated-payment-system ,