Select committee: Public Accounts Committee
Conclusion 24
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 emphasised that “the one-team approach was absolutely key [ … ] with Accenture and technology, but also [ … ] the [RTGS] operators”. It saw co-locating business and technology specialists with Accenture staff as vital to break down potential silos and support joint delivery: “enabling the technical specialists to see what the live operators were doing on a day-to- day basis”.51 Collaborative working was supported through the contract, which set out agreed ways of working, and through arrangements where both the Bank and Accenture were represented in key programme roles to support joint decision making.52 Securing benefits from the programme
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).