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Bank of England Discovers a Major Fault in its Payment System

​The Bank of England has released the results of an independent review by Deloitte on the disruption to the Real Time Gross Settlement (RTGS) system on 20 October 2014. The Bank has accepted all of the review’s recommendations and set out how it intends to implement each of them. The Bank of England is responsible for the operation of the RTGS system, through wh ...

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