The renewed UK RTGS system is live, prompting banks to reassess CHAPS participation, ISO 20022 adoption and the case for direct access.
This report explores the strategic drivers behind the Bank of England’s RTGS transformation and what it means for existing participants of CHAPS and banks considering direct participation.
In this whitepaper, you will discover:
- Motivations behind the move and RT2’s core objectives
- Why indirect participants are making the leap to direct access
- How ISO 20022 is enhancing data and transparency
- The importance of collaboration
