REGULATION · UK
Bank of England plans near 24x7 CHAPS settlement hours.
The Bank of England (BoE) has outlined a phased roadmap to extend settlement hours for its real-time gross settlement (RTGS) system and CHAPS, moving towards near 24x7 operation. This modernization improves UK payments infrastructure.
WHY IT MATTERS
Enables faster, more efficient high-value payments, critical for supporting continuous global financial markets and future AI-driven payment systems.
Source: Finextra · 2026-05-18