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The Bank took an early decision that, to support system security and long-term resilience, it...

Conclusion
The Bank took an early decision that, to support system security and long-term resilience, it would run, maintain and update the new RTGS itself, once live. It also owns the intellectual property for the new system. The Bank highlighted that knowledge transfer was an important part of the programme, which was designed so that the Bank would take full responsibility for the RTGS once the Accenture contract ended. For example, it described how it embedded its own staff alongside Accenture teams from an early stage so they could acquire the skills needed to operate and improve the new RTGS.53 The Bank said that Accenture’s involvement concluded as planned shortly before our session in March.54 It also noted how it can benefit from wider ‘experience transfer’ as Bank staff from the programme move to other roles within the organisation.55
Government Response

A response document is linked to this report. Response attribution to this conclusion has not been verified. Read the response document.

Addressee Bodies
HM Treasury
Timeline
Recommendation age 0.4 yrs
Report published 29 Apr 2026