The UK’s Crest financial markets settlement system went down on Friday, forcing it to halt business for the rest of the day.
A spokesperson for Euroclear UK and International, which operates Crest, told Bloomberg that an internal technical problem resulted in Crest being unable to complete the settlement day. The Bank of England, which uses Crest, engaged back-up procedures to ensure settlement of transactions, the bank said in a statement.
Euroclear said in a statement that “we are taking all necessary actions and working hard in collaboration with the Bank of England to ensure that Euroclear UK & International’s services ...
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