[LINK] [NAB] Bank calls in KPMG to review system debacle

[Marghanita da Cruz]

Philip Argy wrote:
> I still have transactions dated two days after they occurred, and NAB says
> they can't be fixed - all they can do is address (by paying compensation)
> any adverse consequences of the date errors!  I don't know why they don't
> have a roll back and recovery capability but it's an absurd outcome on any
> view as I now have a chronologically inaccurate bank statement and NAB
> shareholders are paying compensation they shouldn't have to pay.
> 
<snip>

Retracting bank statements would be more difficult than
addressing a couple of erroneous transactions.

Also, the waters have now been slicked with the outsourcing 
contract.

> NAB to formally explain processing crisis: report
> 
> Published 8:31 AM, 7 Dec 2010
>
>     The Reserve Bank of Australia (RBA) is set to ask National Australia Bank Ltd (NAB) to explain the technical problems it suffered last month because the processing glitch could have adversely affected system liquidity, Fairfax reports. ....
<http://www.businessspectator.com.au/bs.nsf/Article/NAB-to-formally-explain-processing-crisis-report-pd20101207-BVRTY>

Marghanita
-- 
Marghanita da Cruz
http://ramin.com.au
Tel: 0414-869202