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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....
Bank of England: Financial sector failing to implement basic cybersecurity controls
Mind the cyber gap - similar flaws highlighted multiple years in a row Concerned about the orgs that safeguard your money? The UK's annual cybersecurity review for 2025 suggests you should be. Despite years of regulation, financial organizations continue to miss basic cybersecurity safeguards....
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