Delay to European Central Bank messaging project cost the Bank of England £23M

Watchdog links schedule change to replanning of UK payments system overhaul

The European Central Bank’s (ECB) decision to delay its move to a new messaging standard in 2022 ended up costing the Bank of England £23 million as it was forced to adjust migration to a new settlement system to avoid compounding risks.…

This article has been indexed from The Register – Security

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