Bank of England – Proposals for Overnight Safeguarding Facilities in RTGS for Non-Bank Payment Service Providers (NBPSPs)

Date: Thursday 9th October 2025
Time: 15:00 – 17:00 BST
Venue: The Bank of England, Threadneedle Street, London, EC2R 8AH

About This Event

The Bank of England is exploring the possibility of introducing overnight safeguarding facilities in RTGS settlement accounts for FCA-authorised Non-Bank Payment Service Providers (NBPSPs), including e-money and payment institutions.

While no final decision has been made, this step could involve removing or increasing the current limits on overnight balances held in RTGS. Any safeguarding access would be subject to conditions similar to those required for opening an RTGS settlement account.

This two-hour workshop will provide an overview of the Bank’s thinking, the policy considerations at play, and most importantly, offer a platform for NBPSPs to share perspectives directly with the Bank.

Why Attend?

• Hear first-hand from the Bank of England about its proposals and the policy rationale.
• Provide your feedback and insights to help shape the Bank’s approach.
• Connect with peers across the NBPSP sector in a collaborative discussion.
• Receive pre-reading materials in advance to ensure you can prepare and contribute fully.

Who Should Attend?

This event is aimed at:

• FCA-authorised NBPSPs (e-money institutions and payment institutions).
• Firms considering opening an RTGS settlement account, as well as those already engaged.
• Representatives from across the NBPSP sector who want to help shape the future safeguarding landscape.

Format

• In-person workshop at the Bank of England.
• Duration: approximately 2 hours.
• Please note we can only accept 20 attendees. We would suggest no more than two attendees per firm, where possible.