Bank of England Committee Discusses Expanding Sterling Real-Time Settlement Hours
The FXJSC reviewed potential market impacts from a shift toward near 24/7 RTGS and CHAPS settlement capabilities.
By Orion Desk
The Bank of England’s Foreign Exchange Joint Standing Committee examined plans to extend RTGS and CHAPS settlement hours, noting a formal consultation is underway to gather stakeholder feedback. Discussions focused on the necessary industry investments and the potential for shifts in treasury and funding models to accommodate near-continuous settlement operations.
For participants in currency markets, these minutes highlight ongoing structural considerations regarding FX settlement risk and the evolving landscape of payment infrastructure. The committee also assessed broader market themes, including the influence of monetary policy, global equity valuations, and the role of artificial intelligence in financial trading environments.
Originally published by Bank of England
Instruments mentioned
This material is provided for information only. It is not investment advice, not a recommendation, and not an offer to buy or sell any instrument. CFDs are complex instruments and carry a high risk of losing money rapidly through leverage. Consider whether you understand how they work and whether you can afford to take the risk.