TSB report raises further questions about the emergence of Parliament

Central Bank came under further pressure on information presented in Parliament about my recent computer crisis after the publication of the technical report in its crisis in the embattled Bank.

Leakage goes through the deputies Committee to the Treasury, said in Barbosa, chief Executive of TSB, Paul pester may be, knows that the wider issues that caused the collapse of the computer in the Bank. IBM, the computing giant, which was employed in the Bank to help cope with the crisis after it broke out in April, has made preliminary findings that the problems were related to “custom and package applications, middleware and networks” according to the “Sunday times”.

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Indicating that CB customers migrated to the new platform without sufficient testing, the continuation of the IBM report: “IBM has not seen evidence of the use of strict criteria in production, in order to prove the readiness of the production.”

However, three days after the CB received the original IBM report, pester said in Parliament on may 2 that the Bank issues only in the “staging” – the term for technology that sits between a client computer programs and databases.

CB representative said: “the document from IBM, contained a preliminary work plan with the earliest hypotheses, based on observations that were made after only three days of work with the Central Bank. To present this document as a clear idea of what went wrong, there would be a fair reflection. Similarly, it is not a fair reflection of what actions may or may not subsequently been adopted.”

The Bank added that the IBM report was shared with the FCA before it was adopted by the Council of the Central Bank.

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“The FCA and Pra [the acquisition] gave direct access to the IBM on the same evening that IBM told the Council,” added the spokesman. “It can not be concluded that the Central Bank is hiding something. The fact that the IBM is not a report on the causes of migration”.

The FCA also accused pester “portraying an optimistic view” of services after unsuccessful surgery in April to improve the computer system continues to cause inconvenience to customers for more than a month. As many as 1.9 m customers were blocked from their accounts.

On Friday, the Chairman of the Committee of the Treasury, Nicky Morgan, said that “lost confidence in the ability [to stick] could not give a full and objective assessment of the problems in the Bank”. However, the Chairman of the Central Bank had insisted that pester has the “full support” of the Board.