30 May 2017
Visit EBAday.com

Chaps celebrates 30th anniversary

05 February 2014  |  1061 views  |  0 Source: Chaps Co

Key members of London's financial community came together in London yesterday (Tuesday 4 February) to mark the 30th anniversary of CHAPS (the UK's high-value same-day payments system) and to highlight its continued key role in the UK's economic infrastructure.

Speeches were given by the Deputy Governor of the Bank of England, Sir Jon Cunliffe; David Gauke MP, Exchequer Secretary to the Treasury; and by Dr Herta von Stiegel, Chairman of CHAPS. Guests were in attendance from across the banking industry, including participants in the service, financial trade bodies, board members and associates of the CHAPS Scheme.

Phil Kenworthy, Managing Director of CHAPS Clearing Company said the anniversary was a significant milestone that provided the opportunity to acknowledge how far CHAPS had come in the past thirty years.

"CHAPS has always performed a fundamental role within the UK economy having processed high-value payments safely and securely for the past three decades. This has underpinned both domestic and international trade. In this period, not only has the number of Direct Participants[1] using the service increased, but so has the volume and value of payments. We look forward to continually strengthening the service we provide for the next 30 years and beyond."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsDownload the paper nowvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15502 views comments | 54 tweets | 83 linkedin
Did someone cancel the fintech revolution?Did someone cancel the fintech revolution?
12502 views comments | 54 tweets | 39 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
8477 views comments | 22 tweets | 19 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
8310 views comments | 25 tweets | 12 linkedin
R3 raises $107mR3 raises $107m
8305 views comments | 17 tweets | 16 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job