About the series

 

The payments and FMI landscape are rapidly evolving as new technologies, digital currencies, and disrupters emerge.

FMIs and their members must understand the impact of these changes to safely ensure financial and economic stability.

Following on from the success of FNA’s monthly CBDC Broadcast, The FMI Broadcast will follow a similar 60-minute format, as it helps attendees to keep up with the rapid pace of change. Host Carlos León and guests will provide expert insight into the latest developments and innovations influencing the sector today.

 

Session #2: 25th May 22

 

RTGS CHAPS renewal Programme

Wednesday 25th May, 15:00 – 16:00 (BST)

For session #2 of The FMI Broadcast, guests John Jackson and James Southgate join us to offer an exclusive insight into the Bank of England’s ambitious RTGS renewal programme.

RTGS provides the infrastructure for key UK payment systems, including CHAPS, and plays a critical role in maintaining stability across the broader financial system. The programme aims to develop an RTGS system fit for the future that increases resilience and access, offers wider interoperability, improves user functionality and strengthens end-to-end risk management of the UK’s High-Value Payment System.

 

Agenda

15:00 – 15:10: Intro & FMI News: Dr Carlos León covers the latest FMI developments

15:10 – 15:50: Guest Speakers: John Jackson and James Southgate, Bank of England

15:50 – 16:00: Q&A: Our host and speakers tackle your question from the session

 

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Session 2 – Guests

John Jackson

Policy and Product Lead, RTGS Renewal Programme, Bank of England

John Jackson is the Policy and Product Lead for the Real-Time Gross Settlement (RTGS) Renewal programme, working in the Bank of England’s Banking, Payments and Innovation Directorate.

During his 20+ years at the Bank, John has worked in the Markets, Financial Stability and Prudential Policy areas. He has also spent a year on secondment at the New York Fed, working in their Financial Institutions Supervision Group.

John joined the RTGS Renewal programme in December 2015 as the Business Lead. He played a key role in developing the Blueprint for renewing the UK’s RTGS service and is responsible for Policy and Product development on the future shape of RTGS. In 2020, John represented the Bank on the CPMI Cross-Border Payments Task Force.

 

 

James Southgate

Senior Manager, RTGS Renewal Programme, Bank of England

James Southgate is a Senior Manager on the Bank of England’s Real-Time Gross Settlement (RTGS) renewal programme. His responsibilities include implementing ISO 20022 messaging in the RTGS system and the UK’s high-value payment system, CHAPS. They also include designing improvements to the RTGS Liquidity Savings Mechanism.

He has worked closely with Pay.UK, the operator of the UK’s Faster Payments Service, to design a harmonised pacs.008 ‘Common Credit Message’ (CCM) for use across both CHAPS and Pay.UK’s New Payment Architecture.

James joined the Bank of England in 2003 and has worked in a variety of payments-related roles, including government retail banking, sterling and foreign exchange operations, and payment systems supervision. He has co-written Quarterly Bulletin articles on the role of local currencies and on digital currencies/ distributed ledger technology.

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