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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here