As I said before – all the chaos that is going on behind the scenes is going to hit the mainstream very soon.
Here’s just the start…
Bank Of England’s real time payment system is down
Euroclear, which is the world’s largest securities transactions company, says it working closely with the Bank of England as it strives to get its Chaps payment system online again.
Here’s the statement:
Euroclear is monitoring the current technical issue with the RTGS system at the Bank of England.
We are working closely with the BoE and if necessary will extend our own operational deadlines, to ensure that all settlement and payment instructions will be processed today.
AGAIN…this is just the beginning!!
It’s going to be a long week.
May the Road you choose be the Right Road.