[einrealist]

I can underwrite this. I am currently working for a(nother) bank. And I want to add that a lot of the legacy systems, procedures and thought processes stem from the misinterpretation of regulations.

When a bank gets a new regulation on their table, they tend to create a department that compartmentalizes the subject within the organisation. That's how we get the exact opposite of what the Agile mindset is. And that's also how we get organisations where nobody wants to work in, except if the pay or day rates are high enough to excuse any suffering. And that's how bad, bloated software is created.