Re: BREAKIN': ROYAL BANK O' CANADUH IN CHAOS - NEEDS CODIN' FOOLS ASAP

From: Paul Raulersonv (pkrauleson_at_verizon.net)
Date: 06/06/04 

Date: Sun, 06 Jun 2004 03:16:54 GMT

Oh, I don't know. It is quite possible they have some programs hanging around they have lost the source code to. More likely
however, it was some fool PC based front end system that caused the problems, and then, as you say, they had a tremendous backlog to
handle.

Still, it had to be something pretty drastic - because a bank that size has a DAMN good disaster recover plan.

-Paul

"Don Leahy" <leahydon@nospamplease.netscape.net> wrote in message news:CFswc.141439$tb4.5078598@news20.bellglobal.com...
> "Peter Lacey" <lacey@mb.sympatico.ca> wrote in message
> news:40C252A1.BF71B6C0@mb.sympatico.ca...
> >
> >
> > While I wouldn't be so bold as to say Mr. Geczy is wrong, the records
> > would still have to be time & date-stamped because time & date have to
> > be shown on reports & inquiries etc.
> >
> > I'm wondering, in view of the severity and protractedness of the
> > problem, if some crucial programs haven't been completely lost.
> >
> > PL
>
> I think that's unlikely. I suspect that the problem was fixed within a few
> hours of being detected.
>
> However, by that point they had probably 'lost' a day's worth of processing.
> For the bank the size of RBC, that means tens of millions of transactions
> would have to be reprocessed. And, while they're doing that, millions more
> transactions would continue to come in, creating a huge backlog that
> couldn't be cleared until the weekend.
>
> Bad luck for them that the problem occurred so early in the week! Worse
> luck for RBC customers and payroll clients.
>
>
>
>
>
>

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