Angus Scott, head of product at CLS, outlines the industry and regulatory drivers that mean banks have to be able to manage liquidity intraday; as well as the internal and external solutions which can help them to achieve this. Intra-day liquidity – the assets needed to settle the daily obligations that arise between banks, broker […]
The Bank of England says it is looking to explore synchronisation of payments in its RTGS (Real Time Gross Settlement) service, including cross border payments relating to international currency transactions.
In a release the Bank says it believes that this functionality could provide an opportunity to reduce cost and risk, improve efficiency, and support innovative new methods of settlement. “We are now seeking to work with a small group of organisations to further explore the potential for this functionality,” it states.