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The Register - Security

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.

Published: 2025-12-15T12:50:09











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