Morgan Stanley Prepares For Year 2000 Systems Testing
MORGAN Stanley is preparing to enter the testing phase of a mammoth project to ensure all its critical systems are Year 2000 compliant, say bank officials.
However, Morgan officials are concerned that other financial institutions have underestimated the scale of the Year 2000 problem and are lagging behind in their systems compliance efforts.
The Year 2000 problem results from legacy computer code that only stores the final two digits of years. Such systems are likely to crash at the end of 1999.
M
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