UK’s Financial Conduct Authority suffers IT incident on regulatory data system

The UK’s Financial Conduct Authority (FCA) had an IT incident on its online system, Gabriel, for collecting and storing regulatory data from firms. Due to the “unexpected IT incident”, it was unable to implement Taxonomy, which came into effect on 1 October. Those firms who were required to comply with the Capital Requirements Directive […]

Barclays.Net down and out for UK Bank Holiday weekend

Barclays’ business banking service, Barclays.net, decided it would also take time off during the three-day Bank Holiday weekend in the UK. The system suffered intermittent outages from 29 April until today (3 May), and there were numerous complaints on Twitter from angry users. The impact on customers ranged from trying to pay staff or facing […]

Early warning for trading failures

Technology companies Verdande and ITRS have developed an early warning system designed to detect trading outages and system failures before they happen.