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BANK OF ENGLAND – Real Time Payment System is Down

This breaking news story illustrates perfectly the very real implications of issues discussed by speakers and participants at the recent EBA Liquidity Seminar held in Wiesdbaden, Germany http://www.theguardian.com/business/live/2014/oct/20/stock-markets-recover-japan-nikkei-ftse-business-live#block-5444f546e4b0f39f234da11d In particular the situation starkly underlines the following conclusions that were articulated (following much heated debate) at the Seminar 1. All systemic institutions should have an integrated liquidity... Read More