LONDON, Sept 16 The Bank of England said on Friday it aimed to revamp Britain's interbank payment system by 2020, and that future users would pay for this through a temporary increase in charges.
The BoE's real-time gross settlement system (RTGS) suffered a major outage in October 2014, and in June BoE Governor Mark Carney said he wanted to make it easier for smaller financial firms to access the system directly rather than going through large incumbent banks.
"The world of payments is changing rapidly, and central banks need to keep pace if we are to deliver our mission of monetary and financial stability effectively in the years to come, whilst also enabling innovation and competition where we can," BoE executive director Andrew Hauser said. (Reporting by David Milliken; editing by Costas Pitas)
Azerbaijan's mid-sized Bank Standard to lose licence on Oct. 1
BAKU, Sept 30 The licence of Azerbaijan's troubled mid-sized Bank Standard will be revoked as of Oct. 1, Rufat Aslanli, chairman of the Financial Markets Supervisory Body (FMSB) told reporters on Friday. (Reporting by Nailia Bagirova; Writing by Lidia Kelly and Dmitry Solovyov)
BRIEF-Viver says court approves its judicial recovery filing
Sept 30 Viver Incorporadora e Construtora SA (em Recuperacao Judicial) :