BoE consults on extending RTGS and CHAPS toward 24x7 settlement
Bank of England issued a consultation paper on extending RTGS and CHAPS settlement hours toward near 24x7 operation.
BoE proposes next steps toward near-continuous settlement in RTGS/CHAPS. This will reshape intraday liquidity management, payment operations staffing, and resilience requirements for direct and indirect participants.
Affects payments operations, intraday liquidity, FX settlement risk, and operational resilience across UK banks and PSPs.
Action Required
Assess operational, liquidity, and treasury implications of extended settlement hours and respond to the consultation.
Extended settlement hours materially change liquidity, operational, and resilience risk profiles for payment participants.
Evaluate impact of near 24x7 CHAPS on intraday liquidity buffers, staffing, and resilience controls. Engage Treasury and Payments Ops on consultation response.
“Bank of England consultation paper on next steps to extend RTGS and CHAPS settlement hours toward near 24x7 settlement.”
Published: 2026-05-18