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- Title
Bank behaviour and risks in CHAPS following the collapse of Lehman Brothers.
- Authors
Benos, Evangelos; Garratt, Rodney; Zimmerman, Peter
- Abstract
The author examines the stress affected payment patterns in CHAPS, Great Britain's large-value wholesale payment system. He mentions that it is important to the Bank in its role as the overseer of recognised interbank payment systems and as host of the infrastructure. He computes two estimates of the impact of operational outages, including the one measure considers the impact of a single outage on a given business day, while the other measure computes the expected impact of a single outage.
- Subjects
UNITED Kingdom; PAYMENT systems; DIRECT deposit payments; BANKING industry automation; WAGE payment systems; CLEARINGHOUSES (Banking)
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 3, p244
- ISSN
0005-5166
- Publication type
Article