BoE suffers transaction-processing glitch
“Regular” IT update leads to failed wholesale transactions
Staff at the Bank of England spent the night processing several wholesale transactions manually and scrambling to correct the “IT issues” that caused the disruptions.
The central bank says a “regular internal IT update” led to “intermittent technology communication problems” on the evening of January 25. The issue affected large end-of-day wholesale transactions with some banking counterparties.
“We have implemented workarounds to enable the bank to operate as normal, including completing
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