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What will be the impact on the Bank of England's reputation due to the CHAPS service disruption?
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Resolution / Starting Odds
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Public opinion polls or credible news sources
Story
Bank of England's CHAPS Service Hit by Global Payments Issue, Causing Delays to House Purchases
Jul 18, 2024, 02:30 PM
The Bank of England has reported that its CHAPS service, one of the largest high-value payment systems globally, is experiencing delays due to a global payments issue. This disruption is affecting high-value and time-sensitive transactions, including some house purchases. The issue, which has raised concerns about the stability of the financial system, is speculated to be linked to cyber attacks.
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Bank of England • 25%
Third-party supplier • 25%
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