📢 New NAO report - Bank of England's RTGS renewal programme


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The Bank of England’s Real‑Time Gross Settlement system renewal programme

The front of the Bank of England building

Our report found the Bank of England successfully navigated complex risks to deliver its Real-Time Gross Settlement (RTGS) renewal programme, incorporating innovation and best practice in managing this digital transformation.


The RTGS is a critical financial infrastructure that underpins the stability of the UK’s payment systems, including CHAPS, the UK’s high-value payment system and retail payment systems like Bacs.

Read the report

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