On 26 February 2026 the Committee on Payments and Market Infrastructures (CPMI) published an updated set of harmonised ISO 20022 data requirements for enhancing cross-border payments, replacing the report it delivered to the G20 in October 2023. The document and technical annex recommend that payment system operators and participants align their ISO 20022 usage guidelines…
On 28 August 2026 the ECB confirmed that the Eurosystem is reassessing the timeline for the November 2026 TARGET Services release. TARGET Services comprise T2 for settling payments, T2S for settling securities, TIPS for settling instant payments and the ECMS for collateral management, so release-calendar changes can affect participants across several Eurosystem market infrastructures. The…
On 28 August 2026 the European Payments Council (EPC) confirmed that its 15 November 2026 end-date for the fully unstructured address format in SEPA scheme messages still stands. The confirmation landed one day after Swift said, on 27 August 2026, that it would extend the migration period for structured addresses in cross-border ISO 20022 payment…
The Bank of England will not run its November 2026 RTGS standards release. On 27 August 2026 the Bank confirmed it is deferring that release in its entirety, including the messaging standards for CHAPS payments, after Swift announced its decision to delay the November 2026 Swift Standards Release. For any CHAPS direct participant that had…
On 2 July 2026 the Payments Vision Delivery Committee published an update on roles and responsibilities in the future retail payments ecosystem. The FCA and PSR published same-day statements directing stakeholders to it, while HM Treasury published the update on GOV.UK. It reads like a background note. It is closer to a pricing document. The…
On 8 July 2026, the Financial Stability Board’s Deputy Secretary General, Martin Moloney, told an OMFIF audience that the G20 Roadmap for Enhancing Cross-border Payments is approaching its finish line without having reached its destination. The G20 cross-border payments targets on cost, speed, transparency and access were set in 2021, and most of them fall…
A cross-border payment is held due to incomplete beneficiary information. The originator name is present, the amount is present, but the beneficiary field is a single block of free text that the receiving institution’s screening engine cannot parse into a name, a country and a town. The transfer is held, a customer complains, and an…
The pipes that move most of your domestic sterling payments are about to be redesigned, and the window to influence that design closes on 11 September 2026. In June 2026 the Retail Payments Infrastructure Board, an industry advisory board chaired by the Bank of England, opened a consultation on the design of the future UK…
If your institution adhered to the SEPA Request-to-Pay scheme on an older rulebook and then left the change log unread, the SEPA Request-to-Pay Rulebook v4.0 is the version that quietly resets several of your operational assumptions. The functional flow looks the same. The participation mechanics do not. From the entry-into-force date, the way you register…
A single lapsed LEI can cascade into hundreds of rejected EMIR reports overnight, and those trades then have to be reconstructed and resubmitted. That is the reality of EMIR reporting: the regulation itself is logical enough, but the operational details will find every gap in your process. EMIR reporting applies to every entity that enters…