This is a good underpinning for them to ask the proper questions of the banks they oversee, and to assist those institutions in making progress. BIS Review 8/1999  –4–  Finally, we should be interested in the preparations of the infrastructure providers that support the global financial system. Central banks, including the Federal Reserve, have met with S.W.I.F.T.
and other international infrastructure providers such as CHIPS, Euroclear and Cedel Bank to discuss their plans and progress on internal readiness. S.W.I.F.T. cooperates closely with the National Bank of Belgium in communicating the status of that entity’s Year 2000 program.