Bank of England Delays November 2026 RTGS Standards Release Due to Global Readiness Concerns

The Bank of England announced a delay to its November 2026 RTGS (Real-Time Gross Settlement) standards release, which includes messaging standards for CHAPS payments. This decision follows Swift's delay of its November 2026 Standards Release, prompted by industry requests for more time to prepare for the removal of the unstructured postal address format. The Bank emphasized the importance of maintaining global alignment to preserve interoperability and avoid new implementation risks.