The House of Commons’ Treasury Committee has published correspondence concerning bank IT system failures. In particular, Mr Tyrie has written to Sam Woods, Deputy Governor of the Bank of England and Chief Executive Officer of the PRA and Andrew Bailey, Chief Executive of the FCA to request further assurances from the regulators that they are acting to strengthen the resilience and security of IT systems in financial services.

 View Tyrie writes to FCA and PRA on bank IT system failures, 30 September 2016