Select committee: Public Accounts Committee
Conclusion 12
78th Report - The Bank of England’s Real-Time Gross Settlement Renewal Programme
Published 29 Apr 2026
Addressed to HM Treasury
Public Accounts Committee The Bank of England’s Real-Time Gross Settlement Renewal Programme All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The Bank felt that getting the requirements was key to the programme, although spending several months on this stage at times seemed “a little daunting”.24 The Bank told us that this up-front investment enabled it to start procurement with “a clear sight of what we wanted and [ … ] the technical requirements”.25 Procurement
From: Public Accounts Committee, 78th Report - The Bank of England’s Real-Time Gross Settlement Renewal Programme (HC 1732), 29 April 2026
Government response
The government responded to the whole report on 4 August 2026 (deadline 29 June 2026).