Year 2000: Financial Institution and Regulatory Efforts to

United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1999-04-27 monographic deposited born digital 36 p. GA 1.13:GGD-99-62 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-99-62 P0b002ee18037ad2f f:gg99062 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GGD-99-62 machine generated eng fdlp REPORT GAOREPORTS-GGD-99-62 GGD-99-62 Y2K International cooperation Systems conversions Financial institutions Information resources management Data integrity Financial management systems Computer software verification and validation Systems compatibility Foreign corporations Society for Worldwide Interbank Financial Telecommunications System Y2K Germany France Japan Korea United Kingdom Letter Report GGD Year 2000: Financial Institution and Regulatory Efforts to U.S. financial institutions actively participate in international financial markets as dealers of foreign exchange and derivative products, lenders to foreign organizations, and investors in foreign securities. Concerns have been raised that U.S. financial institutions could face significant problems in operating abroad--along with the risk of huge losses on their trading and investment activities--unless foreign markets and financial institutions have adequately prepared their computer systems for the Year 2000 problem. This report assesses the extent to which (1) large, internationally active U.S. financial institutions have been addressing international Year 2000 risks; (2) U.S. banking and securities regulators were overseeing these risks for the institutions they regulate; (3) large foreign financial institutions and their regulators are addressing Year 2000 risks; and (4) other issues that may require attention before the upcoming date change at the turn of the century. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-99-62/html/GAOREPORTS-GGD-99-62.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-99-62/pdf/GAOREPORTS-GGD-99-62.pdf GAO/GGD-99-62 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-99-62 Letter Report GAO/GGD-99-62; Year 2000: Financial Institution and Regulatory Efforts to; Y2K International cooperation Systems conversions Financial institutions Information resources management Data integrity Financial management systems Computer software verification and validation Systems compatibility Foreign corporations Society for Worldwide Interbank Financial Telecommunications System Y2K Germany France Japan Korea United Kingdom