Treasury Committee publishes information on banking IT failure incidents between January 2023 and February 2025

Article summary

The Treasury Committee has published data showing that nine of the top banks and building societies operating in the UK accumulated at least 803 hours, the equivalent of more than 33 days, of unplanned tech and systems outages in the last two years. The data is contained in correspondence from Barclays, HSBC, Lloyds, Nationwide, Santander, NatWest, Danske Bank, Bank of Ireland and Allied Irish Bank. Links to this correspondence may be found in the Treasury Committee’s press release.