ECB's T2 Payment System Experiences Second Outage, Highlighting Software Resilience Concerns

The European Central Bank's T2 payment system suffered a disruption on Monday, delaying the settlement of euro and Danish krone payments for approximately 40 minutes. This marks the second software outage for the critical financial market infrastructure within a week, underscoring vulnerabilities to software risk and validating the focus of the Digital Operational Resilience Act (DORA) on software resilience.