23 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Chaps celebrates 30th anniversary

05 February 2014  |  1043 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 dh.comVisit capgemini.com

Top topics

Most viewed Most shared
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
8777 views comments | 27 tweets | 16 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8135 views comments | 16 tweets | 17 linkedin
hands typing furiouslyDoes the Buck Stop with GameStop?
7665 views 0 | 3 tweets | 7 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
7619 views comments | 35 tweets | 36 linkedin
Bank of England accelerator to tackle Big Data and privacy in distributed ledgersBank of England accelerator to tackle Big...
6700 views comments | 19 tweets | 11 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job