Delay to European Central Bank messaging project cost the Bank of England £23M

Theregister | 16-12-2025 01:52am |

Watchdog links schedule change to replanning of UK payments system overhaul The European Central Bank's (ECB) decision to delay its move to a new messaging standard in 2022 ended up costing the Bank of England £23 million as it was forced to adjust migration to a new settlement system to avoid compounding risks....

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.