Victoria Cleland: Real-Time Gross Settlement (RTGS) renewal - enabling the next generation of payments

Remarks by Ms Victoria Cleland, Executive Director for Banking, Payments and Financial Resilience of the Bank of England, at the Technology and Innovation Risk Conference 2018, London, 25 September 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Opening

Good morning, it is a pleasure to join you today at the Technology and Innovation Risk Conference. I would like to update you on an exciting programme to renew our Real Time Gross Settlement (RTGS) service, where we are seeking to use the latest technology to help to reduce risks and increase innovation and competition in payments, and in the financial sector more broadly.