The Bank of England held a meeting of its Synchronisation thematic engagement working group on 30 April 2026. The group, a first since its terms of reference were refreshed, was set up to collect industry input for a future live synchronisation service. Participants discussed design topics such as settlement models, earmark lifecycle, transaction timing, and account holder controls. The Bank explained its role, the launch of a Synchronisation Lab for testing, and the need for competition law compliance and confidentiality. Attendees raised questions about rule books, regulatory status, and the involvement of technical solution providers. The Bank will share updates, prepare a scene‑setting piece, and continue meetings every three weeks to review feedback.
© Governor and Company of the Bank of England.
Summary adapted from the Bank of England website (https://www.bankofengland.co.uk ).
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