Bank of England disaster protocol questioned
Weaknesses highlighted after payment system failure
Questions were raised about the integrity of the Bank of England's disaster recovery processes after an IT glitch halted a crucial payment system for an unprecedented 10 hours on October 20.
Thousands of payments were delayed after the Real Time Gross Settlement (RTGS) system was paused due to a "technical issue related to some routine maintenance", according to a statement.
David Canham, a financial services expert at the Institute of Risk Management in London, believes the failure demonstrates
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