Bank of England resumes settlement after 'technical issue’
Central bank extends opening hours to deal with backlog
Part of the Bank of England's (BoE) real-time gross settlement (RTGS) system was closed for several hours on October 20 due to a "technical issue".
"The Bank of England confirms it is now processing payments through RTGS as normal," the BoE said in a statement at the time. "We have extended opening hours until 20:00hrs (BST) to maximise the opportunity for settlement."
Details remain scarce on what the problem was that caused the BoE to "pause" settlement for most of the day. The central bank
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