“The RBS meltdown allegedly occurred on an old batch-based mainframe system operated by junior staff inexperienced in its quirks!”

UK Bank Meltdown under investigation In wake of RBS meltdown, MPs warn banks on IT systems 9446524

“This summer’s IT meltdown at RBS damaged public confidence in Britain’s banks, which should all now be checking their systems to make sure that such a failure cannot be repeated, says Treasury Committee chairman Andrew Tyrie MP. ”

But the really important  point (aside from whether there is a summer in Edinburgh) is in the comment:

Finextra verdict: Wishful thinking from Andrew Tyrie. No bank can consider itself impervious to IT failure. The RBS meltdown allegedly occurred on an old batch-based mainframe system operated by junior staff inexperienced in its quirks. RBS is no exception in this regard. In fact, with most banks having to run, repair, and replace a legacy of patched-up IT programmes – some dating back decades – technology failures like those experienced by RBS are likely to become more commonplace. Should BCP Assessments also include staff experience/proficiency? Article here

 

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