Lawmakers call for action on banks, Big Tech to avoid IT failures - News Daily

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Sunday, October 27, 2019

Lawmakers call for action on banks, Big Tech to avoid IT failures

By Huw Jones LONDON (Reuters) - British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google , UK lawmakers said in a review on Monday. The review was launched after a major IT meltdown last year at TSB, part of Spain's Sabadell , which left thousands of customers locked out of their online accounts. The issue led to the resignation of TSB's CEO Paul Pester

The post Lawmakers call for action on banks, Big Tech to avoid IT failures appeared first on Firstpost.



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