Bank of England
“Less than a year out from the March 2025 deadline… there is still considerable work to be done for many FMIs.”
“Increasingly complex and ad hoc software patches needed to deal with emerging problems and inconsistencies in the forecasting process” says former Fed chairman.
New demands of "critical third-parties" will "require some adjustments all round" says senior BoE official.
Proposed changes for account onboarding front-load compliance burden, even as technology gets slicker...
"That’s definitely the hottest topic right now in tech for us across the bank,”
Monk (previously at construction firm Travis Perkins) does offer important continuity and understanding on one of the most significant digital transformation programmes at the BoE
The worst RTGS outage in nearly a decade was resolved without too much loss of hair but will renew enthusiasm for a core settlement engine replacement due in 2024...
Central bank keen to "improve consumption-based spend and reporting and to be able to "make strategic TCO decisions on location of workloads..."