RBS Fined for Computer Collapse Affecting Customers

The video discusses the £56 million fine imposed on RBS for a major IT system collapse in 2012, affecting millions of customers. It highlights the need for banks to invest in modern IT systems to prevent such issues. The video also covers an ECJ advisory ruling supporting EU regulations on capping banking bonuses, which the UK opposes. The ruling is seen as a setback for UK banking efforts to circumvent these rules.

What lessons should High Street banks learn from the incident?

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What was the outcome of the ECJ advisory ruling regarding the UK's banking regulations?

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