Mission Critical Kit vs Bonus Culture
With core infrastructure of large companies (RBS payment processing, 02 Telephony), it should not be possible to nuke the system, a suffcient amount of money and resources can easily render this possible.
Unfortunately the senior managers whoose bonus is based on cutting easily visible costs, and quite frankly have naff all ability at risk management, will cut these services to get their bonus, and if they are still around when the risk occurs, (a) they probably won't lose their job, and will (b) keep their bonus, despite how much money they have just lost their company(*)
This is why Barclay/Libor is a side show, it's being hanfled by the regulators, what needs serious consideration by parliment is the amount of the UK economy that is bet on technology services, that is not robust, and does not have an adequate BC/DR plan. RBS took out around a 25% of the abilitty of the UK to transact business, it is not unusual from other firms (e.g. 02) in it's approach to IT.
The modern economy needs legislation, that makes your IT and BC/DR as well audited as your accounts, shareholders and business partners should be able to read your company report, and see if they want to do business with you.