Year 2000 Poses Risks For Banks, Says Expert Panel
THE Year 2000 problem poses substantial problems for risk management departments, according to a panel that spoke at the Reuters World conference held in New York last week.
The 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.
Charles Costa, managing director of corporate technology at JP Morgan, said the investment bank is "shelving" all other business developments to avoid diverting IT resources from
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