Half of central banks surveyed experienced RTGS outages last year
Most reported operating one contingency site
Outages to critical real-time gross settlement (RTGS) systems can trigger financial crises and pose a threat to financial stability.
Just over half of central banks (16 out of 31 that answered this benchmark) said they experienced an RTGS outage in the last 12 months. The median outage time was five hours, but ranged between five minutes and 11 hours.
Four national central banks that are members of the ECB all reported 10-hour outages – the Target2 system experienced a major incident in
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