Hacker News Reader

this is prime shit Hacker News says right here. Wait until you learn banks close on Sunday. Or have maintenance windows for their website, ATM, etc.

Commercial banks are held to a different operational resiliency standard than financial infrastructure.

(a component of my consulting work is reporting to financial regulators for institutions)

> financial institutions don't have any regulation for redundancy

As CTO of a bank, I wasn’t aware of this. So either we wasted a ton of money and time constantly upgrading redundancy and business continuity technologies to satisfy our regulators… or this statement could be mistaken.

I'm not sure how easy it would be to regulate. But yeah. I've got a few short term trades in my brokerage account, and outages really throw a wrench into those.

The way regulate is like anything else: if they fail to meet QoS uptimes, they get fined in 6-8 figures for every minute of loss.

CapitalOne has a broken login which is pretty surprising to me.

All major Canadian banks were down.