Watchdog slams TSB boss for underplaying extent of IT meltdown

Watchdog slams TSB boss for underplaying extent of IT meltdown

6 years ago
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https://www.theregister.co.uk/2018/06/06/city_watchdog_slams_tsb_for_painting_optimistic_view_of_it_meltdown/

A city watchdog has launched a stinging attack on TSB chief Paul Pester for portraying "an optimistic view" of its catastrophic IT meltdown in April that prevented 1.9 million customers from using online bank services.

Andrew Bailey, head of the Financial Conduct Authority (FCA), told the Treasury Select Committee the body is investigating TSB's IT migration off ex-parent Lloyds Banking Group's (LBG) systems, along with the Prudential Regulation Authority.