Plain English translation of Council's Y2k report : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I think y2knewswire nailed it.

-- regular (zzz@z.z), April 29, 1999


The last comment got wiped out.

"For the Council's report to now advocate some form of "local preparedness planning" almost seems "

Seems what? Logical? Overdue? Hypocritical? Laughable?

-- what? (h@u.h), April 29, 1999.

could the answer be blank.... as in they don't have a clue?

-- (cannot-say@this.time), April 29, 1999.

I'm probably opening a can of worms, here, but I will go ahead anyway. I work on the Year 2000 project of a large thrift. Of course I am interested in the Financial Institutions part of the report. I wanted to dispute one of Y2KNewswire's comments regarding the "ever-slippping target compliance date". In the April 10, 1999 FFIEC (Federal Financial Institutions Examination Council) guidance on Testing, it clearly indicates the June 30, 1999 date for testing of mission critical systems. It also mentions the December 31, 1998 testing milestone of internal mission critical systems being substantially complete. This can be found at This timetable has been around for over a year now. There is no "slippage" in the industry as a whole. That's my 2 cents worth.

p.s. FFIEC is coordination agency made up of the heads of the OTS, OCC, FDIC, Fed, and NCUA, in case you were wondering.

p.p.s. My bank IS on schedule to meet the June 30 deadline for Mission critical system testing.

-- Banker (, April 29, 1999.

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