The great IT meltdown
There is little indication that banks are giving IT the kind of attention it undoubtedly needs.
As Stephen Green, ex CEO and chairman of HSBC reminded us before he became Lord Green and joined the UK government in 2010: “Corporate governance is the very essence of a company.”
Where then, does the responsibility rest for appropriate technological infrastructure that goes to the very heart of a business? Surely, it is with the plc boardroom.
In financial services, where businesses are dealing with money belonging to other people—their customers—this responsibility take
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