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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem
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To: John Mansfield who wrote (273)3/28/1998 4:50:00 AM
From: John Mansfield  Read Replies (1) of 618
 
Parliament turns to banks to unmask Y2K danger zones

by Lisa Kelly

British banks have turned big brother - at the urging of a
Commons select committee they are to monitor customers'
Year 2000 preparations and publish "a broad consensus"
of results on a Web site this summer.

The British Bankers Association's (BBA) Year 2000
working party on risk management has decided banks
should pool information to identify "international and
domestic hotspots" - sectors where there are particular
Y2K problems and risks.

<snip>

Some banking figures greeted the plan with caution.
Jerrard Long, senior manager responsible for Year 2000
planning at Midland Bank said:"We have to be very
careful how we manage sensitive information. The Web
site needs thinking through. The information will need
updating. We could flag up areas of concern - for example
if a certain embedded system's production line was at
risk."

<snip>

Ian Hugo, assistant director of Y2K pressure group
Taskforce 2000, said: "This sounds like a very good idea -
finding out who the laggard companies are in the big shit. I
suspect small chemical plants are among the hot spots -
they do literally blow up if they go wrong."

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