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“Implications of the Failure of the Bank of England RTGS system” by Roger Jones and Raymond Cox published, March 2015

February 25, 2015

International Banking and Financial law coverIn this article, Roger Jones Chairman of TARGET Working Group and Raymond Cox discuss the implications of a failure of the UK system for real time settlement of payments. The system (RTGS) is operated by the Bank of England and suffered a technical problem on 20 October 2014 which meant it ceased to operate for nearly 10 hours. This article discusses the operational and legal implications of such an outage.

Journal of International Banking and Financial Law, [2015] 2 JIBFL 69.

Category: News

« Alexander v West Bromwich Mortgage Company Limited [2015] EWHC 135 (Comm). Increase in margin payable by buy to let mortgagors over Bank of England Base Rate
Secure Capital SA v Credit Suisse AG [2015] EWHC 388 (Comm) – applicable law to claim for breach of terms of bearer notes »

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Law of Bank Payments, 5th edition published 13 December 2017

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