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Market
Will the CHAPS service disruption significantly impact the UK housing market by September 30, 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statistics from UK housing market reports 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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Yes • 50%
No • 50%
Bank of England • 25%
Third-party supplier • 25%
Both • 25%
Neither • 25%
Fines or penalties • 25%
Operational changes • 25%
Leadership changes • 25%
No significant consequences • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Cybersecurity breach • 25%
Technical malfunction • 25%
Human error • 25%
Other • 25%
Stricter regulations • 25%
Looser regulations • 25%
No change • 25%
Other measures • 25%
Yes • 50%
No • 50%
Visa • 25%
Mastercard • 25%
PayPal • 25%
Other • 25%
Environmental groups • 25%
Local councils • 25%
Political opposition • 25%
Other • 25%