Uptime - Revision history

Doug: Layout.

2024-07-30T10:16:01Z

Layout.

← Older revision		Revision as of 10:16, 30 July 2024
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	:However, we will explore whether a standard tailored to retail payments, where uptime targets are typically closer to 100%, would be appropriate and deliverable (in particular 99.999%).		:However, we will explore whether a standard tailored to retail payments, where uptime targets are typically closer to 100%, would be appropriate and deliverable (in particular 99.999%).


	:Uptime targets are only one element of payment system resilience, and this target would be complemented by best practice risk management processes and controls.		:Uptime targets are only one element of payment system resilience, and this target would be complemented by best practice risk management processes and controls.
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	* [[Cash management]]		* [[Cash management]]
	* [[Central bank]]		* [[Central bank]]
	* [[Central bank digital currency]]		* [[Central bank digital currency]] (CBDC)
	* [[Central bank money]]		* [[Central bank money]]
	* [[Clearing House Automated Payment System]] (CHAPS)		* [[Clearing House Automated Payment System]] (CHAPS)

Doug: Layout.

2024-07-23T07:08:02Z

Layout.

← Older revision		Revision as of 07:08, 23 July 2024
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	:<span style="color:#4B0082">'''''CBDC uptime targets may be 99.999%'''''</span>		:<span style="color:#4B0082">'''''UK CBDC uptime targets may be 99.999%'''''</span>

	:"Current RTGS and CHAPS services have a target uptime of at least 99.95%, and that would constitute a minimum expectation for Bank of England-managed CBDC infrastructure.		:"Current RTGS and CHAPS services have a target uptime of at least 99.95%, and that would constitute a minimum expectation for Bank of England-managed CBDC infrastructure.

Doug: Add links.

2024-07-23T06:29:10Z

Add links.

← Older revision		Revision as of 06:29, 23 July 2024
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	* [[Currency]]		* [[Currency]]
	* [[Currency substitution]]		* [[Currency substitution]]
			* [[Cyber breach]]
	* [[Digital currency]]		* [[Digital currency]]
	* [[Digital Dollar Project]] (DDP)		* [[Digital Dollar Project]] (DDP)
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	* [[Real-time gross settlement system]] (RTGS)		* [[Real-time gross settlement system]] (RTGS)
	* [[Regulated Liability Network]] (RLN)		* [[Regulated Liability Network]] (RLN)
			* [[Reputational risk]]
	* [[Resilience]]		* [[Resilience]]
	* [[Retail]]		* [[Retail]]

Doug: Add link.

2024-07-22T22:16:07Z

Add link.

← Older revision		Revision as of 22:16, 22 July 2024
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	* [[Bank of England]]		* [[Bank of England]]
	* [[Bank for International Settlements]]		* [[Bank for International Settlements]]
			* [[Best practice]]
	* [[Britcoin]]		* [[Britcoin]]
	* [[Cash management]]		* [[Cash management]]
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	* [https://www.bis.org/about/bisih/topics/cbdc.htm Bank of International Settlements, Central Bank Digital Currency]		* [https://www.bis.org/about/bisih/topics/cbdc.htm Bank of International Settlements, Central Bank Digital Currency]

	~~[[Category:Accounting,_tax_and_regulation]]~~
	~~[[Category:Financial_products_and_markets]]~~
	~~[[Category:Financial_risk_management]]~~
	~~[[Category:The_business_context]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

Doug: Create page. Sources: Linked pages.

2024-07-22T22:13:27Z

Create page. Sources: Linked pages.

New page

''Cash management - treasury - banking - finance - cyber risk - central bank digital currencies - outage.''

Uptime means periods during which a system is available and operational.

Uptime is the opposite of an outage, or downtime.

:<span style="color:#4B0082">'''''CBDC uptime targets may be 99.999%'''''</span>

:"Current RTGS and CHAPS services have a target uptime of at least 99.95%, and that would constitute a minimum expectation for Bank of England-managed CBDC infrastructure.

:However, we will explore whether a standard tailored to retail payments, where uptime targets are typically closer to 100%, would be appropriate and deliverable (in particular 99.999%).

:Uptime targets are only one element of payment system resilience, and this target would be complemented by best practice risk management processes and controls.

:There could also be minimum uptime requirements that PIPs and other service providers might need to meet."

:''The digital pound: Technology Working Paper - Bank of England - February 2023 - p35.''

== See also ==
* [[Bank of England]]
* [[Bank for International Settlements]]
* [[Britcoin]]
* [[Cash management]]
* [[Central bank]]
* [[Central bank digital currency]]
* [[Central bank money]]
* [[Clearing House Automated Payment System]] (CHAPS)
* [[Currency]]
* [[Currency substitution]]
* [[Digital currency]]
* [[Digital Dollar Project]] (DDP)
* [[Digital euro]]
* [[Digital pound]]
* [[Digital public money]]
* [[e-krona]]
* [[e-money]]
* [[European System of Central Banks]]
* [[Monetary]]
* [[Money]]
* [[Multi-CBDC arrangement]]
* [[Outage]]
* [[Payment Interface Provider]] (PIP)
* [[Project Icebreaker]]
* [[Project Mariana]]
* [[Proof of concept]]
* [[Real-time gross settlement system]] (RTGS)
* [[Regulated Liability Network]] (RLN)
* [[Resilience]]
* [[Retail]]
* [[Retail central bank digital currency]] (rCBDC)
* [[Risk management]]
* [[Sand Dollar]]
* [[Wholesale central bank digital currency]] (wCBDC)

==Other resources==
*[https://www.bankofengland.co.uk/-/media/boe/files/paper/2023/the-digital-pound-technology-working-paper.pdf The digital pound: Technology Working Paper - Bank of England - February 2023]
* [https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220823~26022f4481.en.pdf Policy panel on central bank digital currencies - Fabio Panetta - European Central Bank - August 2022]

* [https://www.bankofengland.co.uk/paper/2021/new-forms-of-digital-money New forms of digital money - Bank of England - June 2021]

* [https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England]

* [https://www.bis.org/about/bisih/topics/cbdc.htm Bank of International Settlements, Central Bank Digital Currency]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]
[[Category:The_business_context]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_risk_management]]
[[Category:The_business_context]]