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Financial Services / Bank of England / Banking / certificates / Outages / RTGS / News / Resilience

Expired Certificate crashed $6 trillion Bank of England system

Network configuration, CA and SWIFT issues, and certificate expiration blamed for a series of RTGS outages the past year.

By Edward Targett

Updated Apr 4, 2025 8:01 PM / Published Sep 30, 2024 4:32 PM 3 min read

bank of england certificate expired RTGS outage — The Bank of England's Committee Room. Credit: BoE.

A critical Bank of England payments system crashed in July because a “certificate within the Bank’s infrastructure” expired, The Stack can reveal.

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Edward Targett

Ed is a co-founder of The Stack. He previously edited Computer Business Review. He has also covered energy markets. He started his journalism career on local papers. He left school at 15 and has made a living asking "but why?" ever since.