Ross McEwan, the Royal Bank of Scotland (RBS) chief, could be hauled in front of MPs to explain the bank’s latest payments system meltdown, as politicians prepare to take it to task over last week’s outage.
Bloomberg News reports that Andrew Tyrie MP, chairman of the Treasury select committee, wrote to Mr McEwan following Wednesday’s problems, which saw 600,000 payments to and from RBS and NatWest accounts fail.
Although Tyrie cannot formally request McEwan’s attendance yet as the committee has not been put together, he is considering calling the chief executive as a witness.
MPs are on track to join the group this month and the glitch is expected to remain high up their agenda.
'This looks like a serious IT failure at RBS, the latest of many in the industry', the committee chairman said.
To access the complete Daily Telegraph article hit the link below: