From CNN today:

The anticipated real-world problems associated with Y2K are a lot more complex than a single company collapsing for lack of Y2K compliance. Even if Bank A is fully Y2K-compliant, its operations do not exist in isolation. Bank A must interoperate with Bank B in Hong Kong, Bank C in London and so on; such is the nature of the global economy.

Full article at:

http://cnn.com/TECH/computing/9902/04/graceful.y2k.idg/index.html

-- Arnie Rimmer (arnie_rimmer@usa.net), February 05, 1999

Answers

something tells me watching the news from now on is going to be dejavue for most of the folks on this forum.

-- a (a@a.a), February 05, 1999.

Thanks Arnie,

This is my pet peeve - I have brought this subject up many times, in my Visa is toast thread and others under the banking section, also on csy2k.

There is now way that a Bank can protect itself from corrupt data. Period.

It will unknowingly process this data and further propagate corruption until the web collapses. This will happen very quickly.

Not one polly could tell me how this can be done.

You cannot gracefully degrade the Banking "SYSTEM" - as there will be no SYSTEM if the Banks cannot talk to each other.

Game over - sorry.

Last chance to any polly out there - how can banks protect themselves???

I rest my case - alas.

Andy

Two digits. One mechanism. The smallest mistake.

"The conveniences and comforts of humanity in general will be linked up by one mechanism, which will produce comforts and conveniences beyond human imagination. But the smallest mistake will bring the whole mechanism to a certain collapse. In this way the end of the world will be brought about."

Pir-o-Murshid Inayat Khan, 1922 (Sufi Prophet)

-- Andy (2000EOD@prodigy.net), February 06, 1999.