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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 ,

APP fraud: UK PSR consults on implementing instruments for mandatory reimbursement requirement | Hogan Lovells

Following Royal Assent for the Financial Services and Markets Act 2023, the Payment Systems Regulator (PSR) has wasted little time in launching a consultation on the three legal. ....

United-kingdom , Financial-services-banking-reform , Committee-on-financial-services-regulations , Treasury-sub-committee , Financial-services-regulations , Pay-united-kingdom , Faster-payments , Pay-united , Financial-services , Banking-reform , Clearing-house-automated-payment-system

The way ahead for the legal entity identifier

The way ahead for the legal entity identifier
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United-kingdom , Finland , Finnish , Simon-wood , World-trade-organization , International-chamber , Clearing-house-automated-payment-system , Financial-stability-board ,

E-Money, Payment Services, and Insolvency | Latham & Watkins LLP

Consumers and service providers should take note of some of the enhanced risks upon an e-money institution’s insolvency. Technology is rapidly changing the way customers. ....

United-kingdom , Payment-services-regulations , Latham-watkins , Visa , Financial-services-compensation-scheme , Financial-conduct-authority , Payment-services-landscape , Payment-services-directive , Payment-services , Faster-payments , Clearing-house-automated-payment-system

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 ,