I'm not a techie and can't really comment on the causes and background to the RBS meltdown but I do think that The Register might just be a little racist with its bold capital laying of the blame thus:
Staff who oversee batch scheduling for RBS are based in India
Maybe they are (although RBS haven't said one way or another) but the implications of this statement are that outsourcing IT work to India - where wages are lower - is a dangerous and risky matter. And that none of the blame falls on British-based IT management.
The Register would have a point if there had never been a major IT disaster overseen by more expensive British workers!
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