The European Central Bank's (ECB) payment system suffered a second outage in a week on Monday, following a problem related to a software update.
The T2 system, used to process trillions of euros in transactions every day, was unavailable for approximately 40 minutes overnight. This outage caused delays in settlements in both euros and Danish kroner.
According to the ECB, the malfunction was caused by a recent IT update. A spokesperson for the institution indicated that the problem had been identified and corrected, adding that the systems were now functioning normally.
A treasurer at a major eurozone bank confirmed that some delays were still being observed at the start of Monday, before a gradual return to normal.
A similar outage had already occurred on June 29. Last year, a hardware failure paralyzed the T2 system for nearly seven hours, delaying the payment of wages, social benefits and the settlement of certain transactions on the financial markets of the euro zone.
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