Bank of England lays down roadmap for near 24x7 Chaps settlement hours
Finextra
The Bank of England proposes a phased plan to extend Chaps settlement hours toward near 24x7 operation by 2031.Summary
The Bank of England is proposing a phased approach to extend Chaps settlement hours toward near 24x7 operation. This includes an early morning extension starting in September 2027, followed by weekend and holiday settlements beginning no earlier than 2029, with full 22x6 operation by then. Long-term goals consider 22x7 or 23.5x7 schedules. The bank seeks input on use cases, constraints, and timelines to maximize benefits, aiming for a resilient multi-money ecosystem supporting various forms of money.
(Source：Finextra)