The Treasury Committee has published correspondence between Andrew Tyrie, PRA, FCA and between him and RBS, HSBC and Barclays, relating to IT failures at the banks during 2015. His letters to PRA and FCA following correspondence with the banks note that bank IT systems do not seem to be up to the job. He calls on someone – and recommends it be PRA – to lead an initiative to ensure the banks make improvements. (Source: Treasury Committee Publishes Banking IT Failure Correspondence)