Mps have written to bosses at the uk's biggest banks to shed light on the impact of its failures on their businesses, after a Barclays outage caused chaos On payday last month.
The recent three-day outage at barclays bank has heightened concerns over the stability of the banking sector, and the treasury committee has Written to bosses at nine banks and building societies Requesting information about it outages.
CEOS at Barclays, Santander, Natwest, Danske Bank UK, Nationwide Building Society, Allied Irish Bank, HSBC, Bank of Ireland and Loyds Banking Banking Group was asked for information Ver the past two years. They have until 26 February to respond.
Barclays Suffered a three-day outage from 31 January to 2 February. This began on payday and clashed with the HMRC's Self-Hassessment Deadline.
The committee asked barclays 10 questions, whose other eight banks were asked the same four questions.
The questions for barclays include the latest outage and how it affected customers, as well as how the bank intends to prevent Soch a Failure Haappening Again.
Banks duan't like to talk about it failures, and while barclays was quick to rule out a cyber security issue, it would not give details about the cause.
The other eight bank bosses were asked to provide an overview of the number of instals and amount of time in total services have ben unavailable to customers due En affected, the amount of compensation that Has been paid to their customers, and a description of the reason for the failures. You can Read the letters to the bank ceos here,
“When a bank's it system goes down, it can be a Real Problem for our constituents, who was related on accessing certain services so they can buy food or pay bills,” P. “For it to happy at a major bank such as barclays at such a crucial time of year of year is eater bad luck or bad planning. Eather way, it's important to learn what has been happy and what will be done about it. “
She said the Closure of High Street Branches In favor of online banking means bank crazes hit customers harder. “The rapidly declining number of high street bank branchs makes the impact of it outages even more painful; That's why I've decides to write to some of our biggest banks and building societies, “said Hillier.
One source in the it sector who has worked at barclays in the past said: “It is Quite a cautious firm, and it won't won't to say Anything that Cold Have RAMFICATIONS LATER DEARIFICATIONS LATER DE I am sure they're going to have to report this to the regulators, and they might get called in front of government.
“The Barclays Outage Sounds like somebody has probally changed or tweaked something and that's caused the problem, which has obviously affected multiple systems,” they added. “My Guess would be it's somenting share