Bank IT systems leaving customers ‘exposed’, MP warns

Bank customers are still being left “exposed” after a series of IT failures at Britain’s biggest lenders, a senior MP has warned.
Andrew Tyrie, who chairs the influential House of Commons treasury committee, is calling on the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to take action to strengthen the resilience and security of bank IT systems.
We can’t carry on like this Andrew Tyrie He cautioned that customers remained “more exposed than necessary” to the risks of IT failures and were ultimately left “paying the price”.
Tyrie wrote to the regulators in... read more