Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable? -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (48)	6/17/1999 1:52:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 158

NEW YORK - Financial institutions around the world made a "virtual" trip into the future this weekend, as they turned their computer clocks forward to the year 2000 ... Banks Defeat Year 2000 Bug in Simulation (Paul Carrel, The Age) theage.com.au World's Banks Put Their Systems Through Y2K Bug Test (Canadian Broadcasting Corporation) cbcnews.cbc.ca On June 9, the Review reported on a test that was scheduled to take place last weekend of the Clearing House Interbank Payments system (Chips). Interestingly, the only coverage I could find on the results of this test were in the foreign press. [I noticed the same thing. No U.S. media wrote up the results. Very puzzling. Wonder why??] According to the CBC piece, "It will take a few days yet to collect all the relevant data. But organizers say just about everything worked as it should." The Age piece adds that according to George Thomas, senior vice-president and director of information clearing systems at the New York Clearing House, "We've had reports from the European Bankers Association, Australia, CHAPS in Great Britain, TARGET (the European Central Bank's payment system), France, Germany, Hong Kong, Italy, Japan, Korea and Poland - and they are all excellent... I think this will go a long way to show the world that the world payment system is intact and ready to go for 2000." The above came from June 14 Sangers Review sangersreview.com June 9 Sangers article: sangersreview.com Cheryl