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Paul PesterImage copyright PA

MP's have already referred to as on Paul Pester, the boss of TSB, to resign

TSB might not have carried out correct checks earlier than transferring 5 million clients to a new IT system, a report suggests.

The software program agency IBM was referred to as in by TSB after its programs failed in April, inflicting 1000's of consumers to lose entry to their accounts.

IBM's rapid response suggests TSB might have failed to perceive the dangers concerned, or to perform correct checks.

However TSB stated the report was not a honest reflection of what occurred.

IBM's report has now been revealed by MPs on the Treasury Committee.

IBM stated the size of TSB's venture meant it was dangerous to perform.

Because of that, it could have anticipated "world-class design rigour and test discipline".

However, it was unable to uncover whether or not such testing had really taken place.

"IBM has not seen evidence of the application of a rigorous set of go-live criteria to prove production readiness", the report stated.

In response, TSB stated the IBM report solely represented an preliminary response to the issues.

"The IBM document contained a preliminary work plan with very early hypotheses based on observations to date, that were produced after only three days of engagement with TSB."

A spokesperson continued: "To present this document as a clear view on what went wrong wouldn't be a fair reflection. Similarly it isn't a fair reflection of what actions may or may not subsequently have been taken."

TSB's IT meltdown precipitated 1,300 clients to lose cash from their accounts, as a results of fraud.

The report reveals that IBM suggested TSB to scale back the usage of anti-fraud software program, so as to velocity up monetary transactions.

However, TSB stated the recommendation was by no means adopted, because it proved pointless.

MPs on the Treasury Committee have beforehand referred to as on Paul Pester, the chief govt of TSB, to resign.

The Financial Conduct Authority has additionally launched an enquiry into what went fallacious. It has the ability to impose limitless fines on the bank, which was beforehand a part of the Lloyds Banking Group.

TSB stated it was persevering with to attempt to put issues proper for its clients. It has promised that no customer shall be overlooked of pocket.

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