IP: Y2k BoJ August report

[Dave Farber <farber@cis.upenn.edu>]

Date: Sat, 14 Nov 1998 08:40:19 +0900 (JST)
X-Sender: gatton@popmail.gol.com
To: fukuzawa@ucsd.edu
From: William Gatton <japan@dyned.com>
Subject: Y2k BoJ August report

Mr Gittler points us to an interesting doc from BoJ.  A quick read
indicates that most critical testing of integrated financial and securities
systems will be undertaken next summer (late June).  This is on par with
most developed countries.   Does not leave a great deal of time for
remediation if large unexpected issues are encountered.

But the odds are that such issues will only be encountered after 00.1.1.
The best tests can not be entirely predicative (ask your friendly,
neighborhood hedge fund Nobel Lauriate).  The BoJ report section on
contingency planning suggests that quite a bit less contingency planning is
underway.

A Reuter's article quotes a Gartner's Group exec that Germany and Jpan have
a 50% chance of majr systems failure, US, UK, Australia rated at 15%,
Russia and CHina as facing the 'most widespread danger from the chaos which
some expect..."
http://www.y2ktoday.com/modules/news/newsdetail.asp?id=520&feature=&type=





_____________________________________________________________________
David Farber         
The Alfred Fitler Moore Professor of Telecommunication Systems
University of Pennsylvania 
Home Page: http://www.cis.upenn.edu/~farber