[knaik94]

I am surprised financial institutions don't have any regulation for redundancy. The one that stuck out to me is the Navy Federal Credit Union website being down. I have not had any issues logging into mobile though for some of the reported sites.

[deckard1]

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.

[toomuchtodo]

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)

[Terretta]

> 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.

[christophilus]

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.

[xyzzy21]

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.

[brentm]

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

[cryptoz]

All major Canadian banks were down.