Tuesday September 22, 2020

Britain's FSA to investigate Ulster Bank computer failures

Britain’s Financial Services Authority is to start an independent investigation into the computer failures at Royal Bank of Scotland Group.

4th September, 2012
Ulster Bank headquarters in Dublin.

Britain’s Financial Services Authority is to start an independent investigation into the computer failures at Royal Bank of Scotland Group that left some of its 17 million customers unable to access their accounts.

Part of the remit of the review will be to understand why it took longer to resolve the matter for customers of RBS’s Irish division Ulster Bank.

The review was revealed in correspondence between FSA Chairman Adair Turner, RBS...

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