Bank of England takes action against Euroclear following 2020 CREST outage
UK central bank makes recommendations to Euroclear UK and Ireland following CREST outage last year which, it said, ‘caused notable market disruption’.
Tag: Bank of England
Euroclear’s CREST suffers outages, hits Bank of England gilt buy-back
Euroclear's CREST system has suffered two outages, causing intermittent delays to settlement and impacting the Bank of England's gilt buy-back operation.
Bank of England launches post-trade task force to tackle outdated systems
The report from the UK central ban found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.
Euroclear UK to continue Irish securities settlement in ‘no-deal’ Brexit
The agreement between ESMA and the Bank of England eases concerns of significant disruption to the Irish securities market.