This platform should substantively improve our ability to provide comprehensive oversight to those firms that are most prominent in the payment system and global financial markets. In addition to examination tools, the Federal Reserve has for many years maintained a comprehensive source of banking structure, financial, and examination data in its National Information Center.
By year-end, we will have completed significant enhancements to the tools that provide examiners and analysts at the federal and state banking agencies with access to those data. The Year 2000 One of the clearest reminders that managing technology is a challenge of its own is the need for banks to resolve the “Year 2000” problem.