An updated work program for conducting Year 2000 examinations in all federally supervised banks, savings associations and credit unions, as well as service providers and certain software vendors supporting these institutions, was issued early this month by the Federal Financial Institutions Examination Council (FFIEC) Task Force on Supervision.
The program is designed for use in a second round of examinations beginning later this summer.
The examination procedures are risk focused and will help the examiner to determine if the institution has addressed the Year 2000 problems inherent in many computer software, hardware and environmental systems.
The procedures are …
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